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Chuck Langstrumpf
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Pura Vida!

That bitcoiners actually entertain the idea of scaling with Liquid is a complete mystery to me.

Next step is scaling with Visa and Mastercard.

The point is, that you can still. But soon you can not. Fees will be way too high. That also means, self custody is not possible for most people.

With KYC, there is no freedom to transact when you have to suffer consequences after you did. Its the same with freedom of speech. When you can say what you want but afterwards you get punished, it is not freedom.

With low onchain fees, people can transact p2p. It is way harder to stop than people using trusted third parties which KYC them. This is not different to Paypal or a bank account. And this is what is happening.

If we learned anything from the canadian trucker protests, it is that we need to avoid KYC by all means and give people the power to self custody and transact with low fees, without intermediarys.

That was the whole point of bitcoin from the beginning.

Real Bitcoin is what is written in the Bitcoin Whitepaper. A p2p currency.

thank you for your answer. Sure that works, but what i mean is that the website and web app is issued by the same entity running the mint.

So it could log whatever is pasted into the text area as a ecash token and therefore should be able to log the sender and the receiver of the token on a application level, even before it is sent back to the mint to redeem it or not?

BCH is under 1k and it doesnt have the fundamental problems BTC created for itself. Or more precisely - Blockstream and Lightning Labs. Took me fucking 7 years to realize that, but here we are.

I thought so to, for a long time, but the more i watch what happens with BTC and the more i think about why i got into Bitcoin originally, the more i realize that BCH is the real Bitcoin.

Which Bitcoin do you mean, BTC or BCH?

Serious question as BTC looks more and more like its going lose all its qualities which initially made it interesting. It was a P2P currency at some point, now it morphs into a custodial wallet ecosystem, fenced by KYC and AML and the tools which gave it some level of privacy get outlawed right now.