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Bada₿it
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Replying to Avatar Arthur Amendt

https://void.cat/d/EsFPLTxCxNi7kbQT1SbqcM.webp

What is causing on chain transactions to be over $20?

To me it looks like a lot of join market activity. Thoughts?

Ordinals...

Ordinal degens paying 40.000 sats per sub-millisats transaction ?

Not feasible for the country on a Bitcoin standard. Feasible for the one not on the Bitcoin standard. They can print and impoverish their citizens to pay for the war. I guess that holds implications and brings more responsibility to the citizens on the Bitcoin standard to defend themselves.

I have had similar thoughts on orange-pilled governments. You'd want transparent gov spending as a citizen, except for crucial sectors like defense. Can you imagine govs coinjoining...

"Every time a Relai user makes a transaction through the Relai app, we collect information about the order. The data we collect includes the user’s

- Currency (EUR or CHF)

- Amount

- IBAN

- Bitcoin wallet address

- Timestamps for order created, executed, exchanged, and payment received

- Trade recurrence (once, weekly, or monthly) - Referral code (if applied)

- Referral commission

- User details for sell orders (which includes first and last name, address, and bank details)

- For incoming deposits, we collect the deposit amount, deposit ID, user details, and bank details

- All exchange orders we place on our third-party exchange partner

- Push notification tokens (if permissions are given in the app)"

Oof, time to read their privacy policy... They effectively store your personal data, and can link it to every single tx you make.

Soft kyc means no forms need to be filled in, but Relai does collect your personal information through your bank wire data. Relai being non-kyc is a common and persistent misconception that we need to get rid of asap.

I suggest you use Robosats or Peach if you want real non-kyc sats.

https://support.relai.app/en/articles/5981616-what-data-does-relai-store

Anyone else often experiencing a random force close on #Mutiny or #Zeus (Olympus) ?