Btc is an nft, as transaction history is available for all to see. Canadian truckers ran into this issue with btc donations doxxing people
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Yes, but we can choose to treat money as fungible. It's a decision we can make.
Dollar bills also carry an ID and bank accounts can be frozen. As soon as you start IDing individual bits of a currency, the worth of that currency declines and everyone holding it is poorer.
That's what i'm kind of hinting at with BTC, especially as old finance gets more into it. If information is the currency of the technocracy, then preserving privacy is paramount for freedom. BTC leaks too much data.
Well, we can use Lightning, I suppose.
Lightning is not private at all. Look into the Watchtowers and who owns them. Offchain solutiom for what should be done onchain makes no sense. Its fast, but too much like old system.
I like the idea of btc, but better projects have been developed with better use cases, and the potential for anyone to make a currency better than anything that exists now is really the most liberating aspect of all this.
You can Coinjoin.
Not good enough, data is still public to be observed by AI. I will link a great interview with Amir Taaki where he discusses different privacy protocols
It is long, but well worth watching and reaearching further.
I am always open to something being better, but so far I have seen nothing better for my own purposes.
I strongly disagree that we need that on-chain. Altogether too much is being done on-chain and should probably be rolled back.
I am principally against turning software projects into a giant ball of mud and that goes doubly for money.
What projects are you referring to?
Watch the video with Amir
I'm not so sure I can if it involves a bunch nonsensical arguments in support of a bunch of shitcoins.
Also, I have never had an issue with lightning, and I know a good amount of other bitcoiners who have never had complaints either.
Your bias prevents you from learning
I have complaints. 😂
But I'm more flexible on second-rail technology than on the core.
And your bias prevents you from realizing that you're endorsing and promoting publicly traded ponzi schemes. Look, man. You do you, alright. 🤷♂️
Like what? Curious. 🤔
I tend to see "shitcoins" as experimental projects for possible second-rail technology.
Bitcoin is very good at being a monetary reserve asset and it can't be invented twice.
Forced closure. Some of the connections are unstable.
Generally don't like that you need to maintain a channel, so that you have to stay online. Seems inefficient.
I think there are some teams working to solve for that.
This I can understand. Especially, when the network is crowded. Personally, I've never had this issue. But, I've heard some complaints from other users.
You're not wrong. Alot of the core aspects of some of these projects have been fused with the main chain and LN.