Nostr

in my view, this is what the privacy people don't get. permissionless is greater than privacy.

the permissionless nature of bitcoin will strip away the ability of govts to enforce their rules. they won't have the resources left to track purchases, let alone enforce any consequence. privacy will be the defacto result.

nostr:note1mw3p29apln3nk8q5j9qrrh7j9240ncey4qegj8wkssyh5n6mh4vs8tyv37

Foxfire Mushrooms 11mo ago

Isn’t the main privacy concern mostly the KYC’d on and off ramps to the fiat financial system? So once more people start to earn bitcoin directly, it will become vastly more difficult to track anything to specific people?

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Discussion

William ₿ Travis 11mo ago

I think the main privacy concern has to do with control. the privacy people don't want to govt in their business. KYC will be impossible to enforce if the govt cannot afford to enforce it. people don't really understand how things are going to change once the fed is eliminated.