Replies (69)
Yep very true.
Privacy is something you only miss once you've lost it and its too late
In the US at least, one problem is clearly more acute than the other.
That’s exactly why I dug through all my saved information on privacy (2) days ago and started updating my blog on the latest for Bitcoin privacy-related stuff.
We’re squandering a big opportunity to take advantage of pushing the privacy narrative back to the front burner.😎
The broad crypto industry rallied hard soon after the White House threatened to veto the bill that would let banks custody digital assets. And now it’s making a big difference, with Congress voting strongly for it, the White House pulling their veto threat, etc.
While it’s right to pass that bill and let banks custody them if they want, it’s sad to see that the crypto industry response to that was like 100x bigger than the response to all of the anti-privacy stuff that has been happening.
The desire of people in the industry for banks to help pump their bags is way bigger than their desire to pave a way for freedom tech in general.
Much love to all those building and supporting real freedom tech.
It's not freedom tech if it can be arrested / stopped by a simple court order.
The monetary incentives are definitely there. But also, it’s much more straight forward to voice your opinion on a law (ie an idea) than it is to support/defend a person who may or may not have committed a crime according to the law.
We have privacy programmed ready to go for Bitcoin. Check Litecoin's code, look for mimblewimble.
Just waiting for the politics, and laws.
We may be losing the plot. There are 2 discernible camps: Privacy + Permissionless network on one side, and NGU on the other. The latter helps make the asset more attractive to institutions, but also is a soft capture because everyone gets addicted to NGU and wants the political winds to help NGU, even if the trade off is that we have to trust them and ask for their permission. Worries me a lot.
The Cypherpunks had a strong ethos around the idea that asking the government for privacy protection was a waste of time. I wonder if that was actually true. Perhaps it was a mistake.
In the United States, there might be a few people in leadership who understand history well enough to know that the "free United States" they claim to fight for cannot exist going forward without privacy, particularly cryptography and online privacy.
Crypto has always been piggybacking on Bitcoin’s success and tech
I agree. It’s hard to figure out what can be done against this trend.
"The desire of people in the industry for banks to help pump their bags is way bigger than their desire to pave a way for freedom tech in general."
Not everyone in this space wants to make the world a better place. Some just want to make their lives better tomorrow and don't care about their future or even other people.
Me, I'm in it for the tech. In it for the financial revolution. In it for the freedom.
View quoted note →Most people are conditioned that stacking fiat aggressively and NGU is more important than anything else. If only they understood that poor privacy and weak property rights can render all those gains useless.
Love your thoughts 🥰
A great example of why incentives matter.
"Fix the incentives. Fix the world."
Lyn Alden
The broad crypto industry rallied hard soon after the White House threatened to veto the bill that would let banks custody digital assets. And now it’s making a big difference, with Congress voting strongly for it, the White House pulling their veto threat, etc.
While it’s right to pass that bill and let banks custody them if they want, it’s sad to see that the crypto industry response to that was like 100x bigger than the response to all of the anti-privacy stuff that has been happening.
The desire of people in the industry for banks to help pump their bags is way bigger than their desire to pave a way for freedom tech in general.
Much love to all those building and supporting real freedom tech.
View quoted note →
"The desire of people in the industry for banks to help pump their bags is way bigger than their desire to pave a way for freedom tech in general."
View quoted note →The markets have never rallied around the tech advancements either.
Most pro-freedom people have no clue what it takes to enforce personal freedom.
Ask any American with a gun.
Incentives
The discourse of freedom and privacy only rises while the pockets are empty.
Then there is no more space when the suitcases are full.
Bitcoin Custody for common person is impossibly hard .. if banks participate in this eco system , its actually decentralisation of custodians .. I am not limited to say coinbase or cash app now ..
As for privacy , there are enough privacy tools for those who seek it . Bitcoin is public ledger by design ..
Both are anyway not linked ..
We need to start blaming ourselves for these political issues because they happened because we all stood by and did nothing.
Article V of the US Constitution provides us a means to deal with our corrupt Government, but we need to get active about it.
Convention of States Action
Article V offers the only constitutional solution as big as the problem. Together, we can end federal overreach.
Bitcoin is for everyone.. Not for #only privacy seekers ..
I often worry that the general masses won't care about privacy until it's too late. Any time I talk about it with friends and family, I get responses along the line of sarcasm or the occasional "we don't have to worry about that here"
Well aren’t you and
@Michael Saylor part of the people in the industry to help pump their bags ?
I’ll take this win and focus on freedom tech next!
Acute observation about imbalanced priorities in this industry
Lyn Alden
The broad crypto industry rallied hard soon after the White House threatened to veto the bill that would let banks custody digital assets. And now it’s making a big difference, with Congress voting strongly for it, the White House pulling their veto threat, etc.
While it’s right to pass that bill and let banks custody them if they want, it’s sad to see that the crypto industry response to that was like 100x bigger than the response to all of the anti-privacy stuff that has been happening.
The desire of people in the industry for banks to help pump their bags is way bigger than their desire to pave a way for freedom tech in general.
Much love to all those building and supporting real freedom tech.
View quoted note →
Also if it pumped because of US politics, it's yet another example that US have still way too much influence on Bitcoin (and crypto) as well as the whole finance in the world. Hopefully moving to the Bitcoin standard will reduce this influence and spread it out to other regions and populations.
#Bitcoin is already captured by the military/corporate/industrial complex of USA.
Maybe i should say the price of #Bitcoin not #Bitcoin itself
Always has been .gif
Then you'll always be taking the temporary wins and waiting for someone to deliver you freedom tech. 😢
It is already too late, people can't wake up fast enough to fix it.
Lyn Alden
The broad crypto industry rallied hard soon after the White House threatened to veto the bill that would let banks custody digital assets. And now it’s making a big difference, with Congress voting strongly for it, the White House pulling their veto threat, etc.
While it’s right to pass that bill and let banks custody them if they want, it’s sad to see that the crypto industry response to that was like 100x bigger than the response to all of the anti-privacy stuff that has been happening.
The desire of people in the industry for banks to help pump their bags is way bigger than their desire to pave a way for freedom tech in general.
Much love to all those building and supporting real freedom tech.
View quoted note →
Let be honest with ourselves. 98% of people don’t give a shit about privacy, until they need it. Its all about number go up
As expected
Perspective is important and I love how you clearly communicate it
@Lyn Alden 🫂
I get it. But What’s that saying about Rome being built?
What is your take on Monero?
Freedom Tech
❤️
yeah? how so? They don't seem to be able to control what software I run on my node so I'm not sure what makes you think that.
Lyn doesn't fuck with monero.
It takes a gross violation of privacy for these individuals to care. What if someone posted all the financial transactions of all the bank ceo’s, media ceos, and politicians? How big of a reaction would it be?
Government gay
Rome wasn't ever built because it wasn't going to take a day, but there were so many other things we could be accomplishing and celebrating that did take a day so... We never got it done?
Let me get this straight. . . .
You feel it's "just" and "right" for banks to be able to custody an asset they've been spending more than a decade mocking, ridiculing, harnessing, and coercing the shit out of with non stop FUD?
Literally, financial parasites who are part of a squadron in cahoots with illegitimate governments around the world hellbent on keeping their knees on the back of our necks?
It wouldn't happen. The letter agencies would put a bullet in the back of that person's head before they could press "post".
🎯
Lyn Alden
The broad crypto industry rallied hard soon after the White House threatened to veto the bill that would let banks custody digital assets. And now it’s making a big difference, with Congress voting strongly for it, the White House pulling their veto threat, etc.
While it’s right to pass that bill and let banks custody them if they want, it’s sad to see that the crypto industry response to that was like 100x bigger than the response to all of the anti-privacy stuff that has been happening.
The desire of people in the industry for banks to help pump their bags is way bigger than their desire to pave a way for freedom tech in general.
Much love to all those building and supporting real freedom tech.
View quoted note →
People don’t want to learn how to self custody and that’s a huge mistake.
Greed over freedom 🙃
Lyn Alden
The broad crypto industry rallied hard soon after the White House threatened to veto the bill that would let banks custody digital assets. And now it’s making a big difference, with Congress voting strongly for it, the White House pulling their veto threat, etc.
While it’s right to pass that bill and let banks custody them if they want, it’s sad to see that the crypto industry response to that was like 100x bigger than the response to all of the anti-privacy stuff that has been happening.
The desire of people in the industry for banks to help pump their bags is way bigger than their desire to pave a way for freedom tech in general.
Much love to all those building and supporting real freedom tech.
View quoted note →
. g...
I share in this sadness. People are still stuck in the old world counting their pieces of fiat paper.
Meanwhile in the new world being able to use Bitcoin privately is becoming harder—and worse still, it is not because of technological limitations but because the US government has taken to the warpath to make Bitcoin privacy illegal.
trojan horse/wait 4 it
most awareness I've seen in years is finally here,,,,,,keep building/sharing/LFG is the rallycry!
weights & measures
14 years ago today, a guy ordered 2 pizza's, and paid for them with 10,000 #Bitcoin I wonder how he's feeling today
At some point, people will realise that they have more to fear by not embracing #Bitcoin than by embracing it.
You can easily 100x your portfolio this period with the passive arbitrage signals following the recent bull run.
If you’re a fan of #bitcoin and you haven't join the rebelcapitalist (RCL) yet then I don’t even know what you’re doing here!
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There is a Privacy Complacency problem in Bitcoin, crypto, and the world.
View quoted note →Did you see the provision in fit21 that limits retails ability to buy crypto to 10% of their income? Page 52 -
https://www.congress.gov/118/bills/hr4763/BILLS-118hr4763rh.pdf“Crypto” policy in a nutshell
It would be good for you to talk on NOSTR and why it's the future for decentralized Social Media.
All talk, no actions?
Banks and ETF custody is good for Bitcoin adoption. Grandma is never going to want a Cold Card.
Banks should be free to offer Bitcoin services if they choose to. Let the people decide what they want. Bitcoin is for everyone.
the ETFs aren't great IMO but Banks I have no problem with. I use custodial lightning at times and I have my own node and own wallet too. The market should decide what the demand is and not the regulators. WGMI either way IMO.
Yes and you can choose to use them, a smaller or less official lighting provider, uncle Jim, or your own node if you have the funding to do so. It's a free market. Let the people decide.
Unless…
