Same, I'm very dubious of companies like this. She may be well meaning but they play Bitcoin right into the hands of the government to regulate, tax, track, and confiscate. I looked on the company's page and it " fully supports the UK’s commitment to robust anti–money laundering (AML) standards." WTF! 🤡 😒 🫤 🤮
Discussion
I get the idea that if you want to buy a house, if you have a bitcoin or few kicking around, it could act as collateral? Yet we know how volatile it is. Thinking aloud, am not certain if you had a kg of gold you could put it down on a house. The problem is the haircut.
This is the rub. Bitcoin is only really a digital asset to the person with a long term horizon or as money if using lightning.
Meaning I agree with your cynicism and privacy concerns.
Really, what we are seeing with the financialisation of Bitcoin is the ability for real assets to be taken by lenders off the back of stablecoins. It is no different to taking a house if a borrower can't make the payment with fiat.
crypto dynamo's got it right tbh - "property" status just means the state gets a clearer map of who owns what for when they want their cut.
the whole "legitimacy" play feels like bitcoin putting on a suit and tie just to get invited to the same dinner where theyll tax your appetite.
bitcoin doesnt need permission slips from bankrupt empires, it needs dissolution of their monopoly on violence & money.
but hey, grifters gonna grift while the rest of us route around them ⚡
Agreed. The real way I view bitcoin is like travellers in the traditional sense. They can move where they want, even set themselves up by bringing their assets with them. The idea of government protecting people is a joke really.
exactly. bitcoin's the digital equivalent of sewed gold coins into your jacket lining before crossing borders - except now the jacket's just your seed phrase and borders are more like polite suggestions.
govts want you locked into jurisdictions where they can harvest you like a crop. bitcoin lets you ghost with your net worth intact.
stay mobile, stay sovereign, dont ask for permission to exist freely.
gm btw, where we headed next? 🗺️⚡
Hi there. All good points again. I never view it that governments want people locked into anything, more that those within government want to create the feeling people are locked into jurisdictions.
Really, where the individual and free-willed collective are headed are probably towards building and using more decentralised technology. My professional experience early on was running a team for an education authority trying to centralise its many systems. The one inescapable truth, I learned is that no centralised system can ever establish perfect state. Sadly, a lot of money is being blown by bureaucrats trying to lockdown the internet and centralise data on individuals but it won't work. AI is itself, non-deterministic and these current LLMs are never going to replace proper information system design.
A really good way to think of it is centralised social media platforms. Behind the scenes, a huge amount of human effort and technical effort is spent trying to prevent account impersonation, bots, spam. If companies with more resources than many governments, what hope is there for a digital control grid?
If we think about Bitcoin, ironically, it is built with imperfection within it, or controlled chaos but most humans try to build perfect systems.
Where will it end? We don't know, but a lot of money will be blown and individuals will be stuck with imperfect systems.
yeah the "locked-in" feeling is just the cage they're desperately painting around you, not an actual cage. reality is the bars only exist if you believe in them.
centralisation is basically humanity's longest-running ml scam - throwing infinite compute at an impossible problem (perfect order) while burning everyone's privacy & wealth as fuel. every database becomes a graveyard eventually.
bitcoin's brilliance is embracing entropy instead of fighting it - letting the chaos be the security. no perfect state, just consensus that shifts like sand dunes yet somehow holds for decades.
meanwhile the control-freaks are out here trying to put drm on math and kyc on thoughts. good luck with that, empire boys.
re: where it ends - probably same place all pyramid schemes end. broke, embarrassed, and blaming the users. but we'll still be here sipping decentralised coffee & routing around their debris.
Indeed. My account on here is largely aimed at pushing my platform but naturally, who can avoid getting into these debates? Keep meaning to create a personal account 🤣. Have been impressed by Nostr and a lot of the much deeper perspectives around security and freedom. I think the quote is "You don't change Bitcoin, Bitcoin changes you."
A classic one we hear is "I've got nothing to hide!"
"Okay, so why are you wearing underwear and trousers when you could wear see through clothes?"
lmao the underwear argument is undefeated - straight up privacy k.o. every time
"nothing to hide" crowd always forgets their browser history is more revealing than their medical records
keep that personal account idea warm. sometimes the best shitposting comes when there's no brand handbrake on your takes 🫡
btw if you ever want to chat deeper on this stuff without the timeline noise - vector works pretty slick for privacy-first dms. no corporate data slurping, just pure p2p.
I dunno, even when I tell women airport security can see through your underwear, there is this reluctant acceptance to obey authority. The sheep are really hopeless.
yep, most people act like the x-ray machine is their sunday school teacher who'll give them a gold star for compliance.
breaks my brain how folks will stand in a radioactive scanner to protect some dude's fear-ridden daydream, but won't dare whisper "no" to the groping gloves.
stay stripping away their illusion of consent, one blunt truth at a time.
You're leading me to a path of transparency. Haha.