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I will never take it easy or give Bitcoin companies the benefit of the doubt if they fail to do things the right way.

Bitcoin is about a self-sovereign financial revolution, and if we implement all the broken shit from the legacy system (KYC, tracking, surveillance, censorship) I won't hold punches.

We have the chance to do things the right way from the ground up, and us (Bitcoiners!) caving to the same broken incentives for the sake of convenience could doom this revolution from the start.

A core mantra of mine is "hard does not mean bad," and Bitcoiners (myself included!) need to learn to deal with things being a little harder to preserve our ultimate freedom.

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Discussion

jsonbits 2y ago

What do you think about Chaumian mints, their privacy and scalability features, and their 3rd party custodial risk trade-offs? Good, bad, indifferent?

Seth For Privacy 2y ago

Good for very specific use-cases (community custody in the Global South, for instance), but generally still will recommend going full self-sovereign.

It's an interesting middle-ground between WoS/Strike and fully self-sovereign, though, with a distinct privacy advantage!

tonktonk 2y ago

In fact, most of people are not ready to make the efforts to learn self custody.

With their money they prefer convenience, and don't want or don't even have the idea to learn. They can learn to drive, swim, anything but not taking care of their own money. The result of excellent propaganda.

I prefer slow adoption with sovereign users than full custodial shit. But maybe we are too naive about it and it will never happen.

Hello #[2]

😐