Reject the idea that ecash is a scaling solution for Bitcoin. At this point, ecash is "just" the best form of custody we have but custody doesn't scale Bitcoin. We can't be lazy and reliant on trusted third parties for scaling. Bitcoin needs to scale on the protocol level. There is no alternative.

Replies (34)

Best form of custody? Don’t the ecash rely on mints (which again mostly has the same challenges as LN, ie, not everyone run their mints?). May be I’m missing something, please enlighten.
You ever notice how the definition of criminals continuously expands to include more and more people? You're already considered a criminal just for wanting freedom in most countries.
I'd like to see covenants enable UTXO sharing with unilateral exit. Channel factories that allow multiple ownership of LN channel pools would also go a long way.
No it isn't. It's legit. Your product exists to hide finances. I believe taxation is theft too. However unless we change the system from within, we are subject to it and any prosecution that comes with it. Also your mask is larping. The tech exists to see right through it.
Who even said anything about avoiding taxes? Having financial privacy doesn't mean one is avoiding taxes. You're entire interaction here makes no sense.
Everyone goes through this phase of “it’s hacker money, I guess it’s not anything I need.” I think. Be kind while informative, best path to enlightenment 💥
I'm well beyond that hacker money. I just don't understand it even after the PM videos. I know it isn't just needed for taxes but many people will use it that way. I mean no disrespect to anyone using it, sincerely. I also meant no disrespect to @calle about the mask comment. I respect and appreciate him for his hard work and the ve followed him since Twitter. I just want to understand and be talked into using it if someone can. I don't expect time wasted on me so, I'll dig more and guess I'm on my own.
I'm not sure if we need more scalability onchain with a HF. Maybe most people just need to use second layers and trust in their Community or their Pleb Bank. I don't expect most of the people want to learn how works Bitcoin onchain, people just wants to use it.
I’m here personally to talk as much as you need, for as much time as you need. Don’t feel rushed. It’s low time preference here.
Exactly. You know what else is used effectively for both privacy and avoiding taxes? Plain old physical fiat cash, and yet that doesn't mean it is illegal to use cash. Just because a thing can be used for illegal purposes doesn't make the thing itself illegal, so long as it can also be used for legitimate purposes. Then there is the deeper question of whether those so-called "illegal" purposes should really be considered so at all.
"Using your product makes me a criminal" You already understand enough it seems. Da gubberment will not be happy with you? Slaves think/talk like this. So what's this tech to deanon maskwearers?
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 There you go I just gave this to @VelvetBlue_art Better report to tax authorities or welcome to being a criminal :) Someone might steal it from you also so you better report the theft as well. 😅
No tech then? Glowies like to exaggerate their capabilities to dissuade online users from using effective anon measures, just saying.
It’s a type of ecash that’s basically self contained no wallet required by you until you claim it. Definitely very snarky! But a well meaning snark, to be sure. I found it clever but I have been in this space for a hot minute already.
I'm sure you've already comment on this, but what are your thoughts on the covenant proposals as a way to get there?