Everyone needs to relax.
Fedimint
It's coming and Snowden should know more about it.
Stop what you’re doing and listen to nostr:npub1sn0wdenkukak0d9dfczzeacvhkrgz92ak56egt7vdgzn8pv2wfqqhrjdv9's speech from the Bitcoin 2024 conference.
He makes some very good points about Bitcoin’s lack of privacy, how exchanges have data about their users & share them with governments & why AI will make linking transactions much easier.
He also explains why metadata is enough to construct an entire story about your daily habits – they don’t have to know the specifics of what you buy and why, they already see with whom you are transacting and building a profile.
I can’t believe people don’t talk about this more!!!
Discussion
How does fedimint solve this issue?
Privacy. You can read up here. https://fedimint.org/
It's worth the effort to study.
If you would rather watch a 7 minute video (lacks details IMO and may make things more confusing if you don't have the basics) here it is.
Sir, that’s a custodian. Banking with extra steps.
Okay, you can look at it that way. But it's decentralized, community based - it's not centrally controlled and it's also private.
When you say 'custodian' it would imply central control.
Adding this. Also, left out the coming self custody - which could be a monster addition allowing world access to self custody of #Bitcoin (as we all know all 8 billion people can't self custody on chain). 