Nostr Web Client

I'm with you on hoping things stay "from the ground up." Satoshi hornet's nest comment comes through mind. It's a delicate balance. Authoritarian govs can't stop Bitcoin, but they can make it very punishing for citizens to hold it (e.g. EO 6102). I'm optimistic that we can grow organically and slow enough to prevent, attack, but fear the attacks have already started (e.g. Signature).

Seth For Privacy 2y ago

Beauty of Bitcoin is there is literally no asset on earth more resistant to a 6102 order than Bitcoin that has been purchased without KYC.

Reply to this note

Please Login to reply.

Discussion

Def 2y ago

True, but most purchase with KYC due to convenience, so we do need better post KYC purchase privacy tools. Earlier today, saw some hype for a method to use Lightning as a pseudo coinjoin technique. Interested to learn more.

Def 2y ago

Also, while non-KYC is much better, it's not without risk. Purchasing UTXOs linked to surveilled/criminal activity can be an issue, and coinjoining a non-KYC UXTO presents a similar "red flag risk" as any other CJ.