You're 100% right both are at odds. The longer you wait the more you expose yourself to rug pulls. But if privacy and anonymity is your goal it's better to wait.
Good question. I think the only thing a mint knows is if a token is valid (or not) and all ip addresses that interact with it, but not necessarily what specific tokens your ip address is associated with since token creation is blinded if I understand correctly. This FAQ has a lot of our questions in it:
https://docs.cashu.space/faq#general-safety-and-privacy-questions
Thank you. TLDR, need to read it completely later.
So how do i have to understand that? You have a wallet or a website you interact with, it displays you the ecash string, it has to have the ability to log that string. I dont say it does but you have the ability to create the client in that way that it can log it, no?
Also really funny for me ( from the faq):
CAUTION: Choose mints where you trust or know and trust the operator. Use small amounts or immediately redeem tokens or swap tokens to your own mint.
Who the fuck says openly: "Hi, i am Joe Schmock, i am your friendly ecash operator running this Mint, i live in 123 Retardvillage. If you want to arrest me, just come by, i have not learned anything from the Tornado cash lawsuit. Apart from that, use my tokens so you can buy drugs anonymously online. Love to you all. "
Am i getting something completely wrong here or are they delusional?
i guess sooner or later they will mandate digital id for anyone who accepts btc payments. as the payments are transparent, how do you want to circumvent that?
i dont care so much about the normies. their 15th booster jab will take care of them.
you only need a small minority which works tightly together, look at the mafia or cartels. they use violence though, i think that only escalates the shit show and in the end the state knows how to deal violence. i would rather make the state obsolete if possible.
I think so too about the crisis. I dont think we should go against the people who implement it, the state knows how to deal with violence and it has much more arms than we have.
Building a parallel society of people who help each other and devote themselves more to this society than to the state is a better approach imo.
Lets make the CBDC obsolete.
but that exposes to more rug pulling risk when you have to wait longer.
also, if i understand it correctly, they can log the ip for the token they give you and they can log the ip whom the person who redeems the tokens to lightning. so they dont know the amount but who transferred it to whom, correct?
Here is a example - Turkey, a country with extreme inflation since a decade. Still the government does not give a fuck that a BTC exchange is the only major advertiser ON THE WHOLE international airport. Start thinking bitcoiners.
https://primal.net/e/note1w2c64e8u9fspyjkkcvg3lhmly08fjkh6kzwqltd6zeyzlz7hfpssfnh7e8
IMO no, at least not as an exclusive store of value. They know you have it, so they will try to get it.
The fungibility of Bitcoin sucks, i will publish something which just happened to me about "tainted coins" in the next few days.
I convert my BTC to Monero and dump the rest on Wall Street.
build a network of like minded people
build a online business / income stream
leave while you still can
get a second passport.
look for a country which gives you more freedom or live as a perpetual traveler
invest in stuff they can not take from you
wait it out until the welfare states collapse
I do not know the book.
I think it is very easy and cheap for the gov to surveil everybody. In only a few years you will have mandatory digital ID.
Then they only have to write a law into their magic book that only BTC transactions connected to a digital ID are legal. If you send to somebody without that, you commit a crime and they punish you for that.
People will comply. You saw that with the covid theater. People take a experimental gene therapy just to fit in and then try to force others to do the same.
If you store your wealth in BTC which they will know, or any other asset in the banking system, you can leave the country but they will take your stuff with an exit tax.
About the "Bitcoin is a great store of value" argument:
Do you want everybody to know how much you are worth? And with whom you transact? Not only the gov but all your business partners?
Swiss number and offshore accounts have had a big market for a reason. But they are dying.
In a world where the governments get more tyrannical and surveillance increases to absolute psychopathic levels, a store of value where nobody can tell what you have or that you have anything is something people will likely want to have in the future.
The XMR/BTC chart is still in a downtrend but when i look at the 10 year chart, it looks like it could be a huge opportunity right now for the people who see the future much earlier than the rest. A lot of early bitcoiners were exactly those people.
Wait for the trend reversal if you want to play it safe.
Exactly. That the government is not afraid of BTC should make everyone think.
I orange pilled people for many years. Now i don't do that anymore. Bitcoin will not give them freedom. Bitcoin will be part of the financial system with full surveillance. Sadly.
Hey sir, i tell you my name and you put it on your bill, am i still anonymous now?
Great conversation
a gift card does not "perpetuate the fiat machine"?
if you put your name on any bill, they know your name, no matter if your pay with cash, card, xmr or flintstones.
do i need to explain that to you?
you forgot an n at the end of your name Moro
You misunderstand this. This is decentralized finance, freedom money and the future of finance which will separate money from the state.
How can you not see that?
Depends on how you use it imo. I like to use it to get information fast and dig deep into topics i dont yet understand.
It does not replace critical and logical thinking though.