self-crowned cypherpunks lecturing the free market on how to use open-source software, from their moral high ground, crack me up.
(mind you, my resume is full of work on bitcoin as both peer-to-peer payments and a store of value. it will achieve both)
Strike requires KYC. No thank you.
The not-so-free free regulated market can pound sand.
Hate to break it to you but until every single business in your community accepts bitcoin you will need businesses that allow us to interface with the shitty fiat system.
Unfortunately as it currently stands in order to interface with the shitty fiat system we need KYC services
Jack is providing a very solid product that allows us to easily interface with the current fiat system while still protecting ourselves from fiat debasement. Should also be noted that he always encourages self custody which IMO is the most important thing right now.
Nothing stopping you from using privacy tools after withdrawing your sats from a KYC service
Oh boy. You didn't say we need kyc
I'm pretty sure you know that already, but privacy tools don't delete your data from the kyc service. If the service gets hacked or forced by state to give out the data you're still on that list.
This is comforting coming from you
Your advantage is that you give solutions and how. Not just, All ya gotta do...
I'm a very happy Strike customer.
Keep up the good fight.
I would like to know how yo are using tron for Fiat work. Any articles?
I don't see the cypherpunks doing that.
I do see them warning us not to use kyc exchanges like Strike, Coinbase, and Cashapp.
I fully trust the government to seize all bitcoin held at these exchanges within the next generation.
And I suspect they'll be raiding the homes and businesses of those who moved large sums to self custody.
Either way, Tether is a CBDC in all but name. And I can't trust anyone who helps the Tether agenda.
i disagree with some of what you said but fair enough, you can and should do whatever you want
Which parts do you agree with?
i think BTC is best held in self custody. i do not encourage anyone to use Strike or any regulated custodian to store their bitcoin over holding their own keys
I commend you for that.
But this Tether bank is not positive for bitcoin. The US needs to sell treasuries to keep printing dollars, and now that China and Russia ain't buying Tether is their best customer. Tether is dollarizing the 3rd world rather than orange pilling it.
i disagree. i believe people have the agency to make their own decisions. the 3rd world is dollarizing the 3rd world because they keep adopting dollars
they will get to bitcoin eventually, but they clearly aren’t ready yet.
put another way: if tether shut down and disappeared, the 3rd world wouldn’t adopt bitcoin, someone else would just build what they want: a stablecoin
I think the 3rd world is quite hungry for Bitcoin, as is evidenced here on nostr.
Anyway I'd rather have them build their own stablecoin, because then they wouldn't be required to buy US treasuries as reserves, as Tether is under the GENIUS act.
The third world is not hungry for Bitcoin in any particular way. It uses Bitcoin only when absolutely necessary or when greedy. It loves the US dollar. Almost no one uses Nostr there. Most of the action in Bitcoin is gonna continue in the developed world for the short to medium term. It is what it is.
Actual adoption of Bitcoin is happening in third world countries at a much faster rate.
They aren't speculating on Bitcoin like wallstreet, they're using it to buy groceries..
A lot of these people don't have bank accounts they've only ever used cash before Bitcoin.
I think this is a strange argument. You’re saying it’s ok to do something wrong because they’d be doing it wrong anyway. I would focus on Bitcoin adoption only.
💯
I somewhat agree, not that they aren't ready for Bitcoin though, from what I can tell third world countries have more adoption of Bitcoin. And anything that would stop someone using Bitcoin is going to stop them using tether(lack of electricity etc.)
But you're right the people using tether would mostly adopt a different pegged coins if tether disappeared .
It'd be cool to see some "stablecoins" not based on USD, probably not something you're worried about for now but there's crypto pegged to gold, silver, carbon credits, other currencies, etc.
The third world is simultaneously hungry for the upside of Bitcoin and the downside protection of stablecoins. Currently, with a preference for the downside protection, because being able to eat in a month when the price comes back up just isn't good enough.
Bitcoin collateralized lending hopefully can help bridge the gap a bit, but it can only do so much, as they need to avoid being liquidated amid volatile swings.
For as much as some of us are wishing to see another 2017 moonshot, perhaps the best thing for the third world would be to see the volatility around Bitcoin smooth out, such that the choice between having money tomorrow and eating today isn't one that they have to make.
They're trying to spread out the burden of inflation. It may just end up with more people realising that the dollar too, just like all the other fiat currencies, is not the bedrock they imagine
Yeah, nostr:nprofile1qqsvn0dkjt80raqrxd470c98n7zrdehmcvj6p5hgw3kyku6zyd8z0fqpz4mhxue69uhk2er9dchxummnw3ezumrpdejqzrthwden5te0dehhxtnvdakquw0j5p should add some different pegged coins, something pegged to gold or silver instead of USA currency.
Australian carbon credit tokens are very stable, something similar to that would be a much better stablecoin than coins pegged to USA currency.
Or course.
Strike is for spending and buying Bitcoin not for saving it.
Simple way I explain it to people, self custody is like a safe in your house full of silver coins.
Custodial is like a debit account at the bank.
You wouldn't save money in a bank account for the same reason you don't save money in a custodial wallet.
Not your keys = not your coins
That's kinda overkill kajoozie
Nah. What do you think they mean when they say theyre planning on increasing the "strategic reserves" but aren't planning on buying more, but also that theyre gonna keep all the ones they seize?
They'll start with a 6102 attack, but they won't end there.
Do you run a Core or a Knots node?
You posted, that you "work on bitcoin as both peer-to-peer payments and a store of value", then you do not want non-financial data on the Bitcoin blockchain. So your are running a Knots node.
Strike provides newbs with training wheels to allow exposer to bitcoin that is easy to comprehend and use. Without these services, they would likely never come or get burned and never return. As they use services like Strike, over time these newbs will get more educated and sophistcated as they now have skin in the game. Yes, its preferable they onboard into a non KYCed bitcoin standard but that will not bring in the numbers needed to flip the chest board. Strike is not for me, however, Strike is great for most newbs I know, and I will refer them to start there to get their foot in the bitcoin world.
nostr:nprofile1qqsvf646uxlreajhhsv9tms9u6w7nuzeedaqty38z69cpwyhv89ufcqpp4mhxue69uhkummn9ekx7mqpr4mhxue69uhkummnw3ez6ur4vgh8wetvd3hhyer9wghxuet5tm8sjr, your nostr:nprofile1qqsvn0dkjt80raqrxd470c98n7zrdehmcvj6p5hgw3kyku6zyd8z0fqpz4mhxue69uhk2er9dchxummnw3ezumrpdejqzrthwden5te0dehhxtnvdakquw0j5p helped me orange-pill more friends than ever ⚡💪.
Store of value first. Medium of exchange follows.
That's not what happened with Gold, is it?
That’s how money evolves. Always.
Gold proved it. It worked as a store of value. But it failed as a medium of exchange. Because it can’t scale as payment. And in the end it got captured by banks and states.
Gold failed in movement.
Bitcoin thrives in movement.
That’s why Bitcoin eats the whole stack 🍽️
SoV → MoE → UoA
Thank you satoshi 🧡🗽
Ok but a lot of the big wigs are shifting the narrative so now BTC is a store of value, but it should be held by institutions and not used by plebs for transactions. When Saylor made his infamous "paranoid crypto Anarchist" statement, he was talking about us.
They want us trading digital tokens that they issue and control. They want to revoke self custody. We must draw a line in the sand to preserve the original ethos of the "paranoid crypto Anarchist." Not your keys, not your coin.
I’m very much aware of their interest.
They want to trap Bitcoin back into the same fiat prison.
“Store of value only” but in their vaults, on their terms with their rules.
I reject that.
I use my corn as my money.
To separate money from state.
To live free.
Not your corn not your freedom. That’s it. 🧡🗽
Bro.
I was using Bitcoin as a medium of exchange back in like 2012, maybe earlier.
To be honest my memories of that time are a blur. All them research chemicals.
Some people never came back from those trips.
It's not what happened with Bitcoin either
I believe that this will be the case
All of the O₿s know that you could buy drugs with Bitcoin before it was ever considered a store of value by anyone.
Without cypherpunks you’re just PayPal with memes, Jack
you are lead in what you do while the others are follow
Exactly 😂 some people just can’t resist the moral lecturing.
The market can stay irrational for longer than you can stay solvent, but at every turn, why not warn a few people along the way? Afterall, the free market is all of us.
I'm not a cypherpunk myself, more of feral hillbilly type. A bushrat.
But I think strike serves an important purpose, and maybe the cypherpunks are right, but they are misunderstanding the purpose of strike.
I downloaded strike because I want to start a business selling seeds for sats and I want to do it all above board and legal, that means KYC etc.
That doesn't mean that I can't use something else for stacking sats anonymously if I want.
And nostr:nprofile1qqsvf646uxlreajhhsv9tms9u6w7nuzeedaqty38z69cpwyhv89ufcqpp4mhxue69uhkummn9ekx7mqpr4mhxue69uhkummnw3ez6ur4vgh8wetvd3hhyer9wghxuet5tm8sjr, the cypherpunks might come off as self righteous orparanoid but they have a point and you should try to find value from criticism.
What made strike a good option for me is being able to use it to pay for the postage if I'm getting paid for orders in sats.
Unfortunately Trump's stupid tarrifs mean that Australia Post no longer delivers packages to USA.
So I either won't be sending anything to USA or I have to find a currier (half of them have also stopped delivering to USA or they've increased their prices dramatically)
