It's not easy or elegant.

It's a hard fork that most of us aren't willing to support because we understand the long term costs. If you make it considerably more costly to run a node, say 10x, then you get significantly fewer nodes, more centralization, less resistance to future hostile changes, & you create a compounding risk of future network fragility if some significant portion of nodes get eliminated & have to resync from zero in order to secure the network. And for what?! 10x txn capacity does nothing in terms of the problem of putting everyone's coffee purchases on chain.

This debate has been had 1000 times & was already settled during the blocksize war. It's ridiculous how often these basic things have to be repeated.

Things that are convenient and easy come with the cost.

Fedimint and ecash will surely offer solution for certain cohorts but they require trust that is not acceptable to many bitcoiners. People are predictable - there will be rug pulls and until we figure out a way to validate and audit mints it is very foggy solution at best

Isn't ecash the synthetic bitcoin that is used to suppress the price forever?

they just have to spin up the most credible mint and normies will go for it.

particularly since non credible mints will rug people.

LN is really the only promising L2 at the moment. It is also cryptographically bound to L1.

People should be very skeptical to everything else at the moment and be ready to reject even if promoted by the people they respect.

There will be keys at different layers with different risk/trust profiles. There is really no other way to solve the problem.

Bitcoin has blocks, Nostr doesn't have blocks.

[fire emoji repeated many times]

@MoneroFees

Updated Bitcoin vs Monero transaction fees:

#Bitcoin: 1.0962 USD

#Monero: 0.00519 USD

It costs ~21026.13% more to transact on bitcoin with 0 privacy!

Switch to #Monero where you don't have to pay large tx fees or get arrested for your transaction history!

It didn't take me long to realize that I actually have more in common with many social-democrats, crunchy-granola people, well-integrated migrants, and "literally Nazis", who love their homeland and want to at least try to fix or mitigate the problems, than with Bitcoiners who feel indifference for the people around them and the land that they live in, and are just waiting to run away and live like kings among poor strangers.

There are just the Anywheres and the Somewheres.

I am not running. Bury me here.

Presently, no KYC P2P Bitcoin services might seem like a novelty option, but for some, it is a lifeline, and soon enough, for all, it could be the last resistance against total capture.

Plan ahead, stay safe 🦡

Ever fewer can see that it'd been the CBDC from the very beginning and has normalized insane amounts of transparency!

A bank account was bad enough, the bank can see all the transactions, the government can and does spy on the bank to spy on the customer, and the bank can and does sell customer data to third parties. And don't get me started on VISA/MasterCard being there in the middle so essentially a pretty good chunk of the world's financial data ends up at the NSA & co. And it's all neatly tagged (KYC).

Then along come cryptocurrencies, and now it's not just an institution that can look into your shit, oh no! IT'S THE WHOLE WORLD!

Forever, and retroactively!

And people don't see a problem with it until about 15 years later, and even then they resist and resist and resist!

Even more puzzling, they reject the tool that does the sane thing (#monero) (only you can see your transactions, like cash) because it's not part of their religion/football club!

Amazing!

But wait, it gets even better. They also rationalize why Bitcoin should not have privacy and anonymity baked in, because of inflation bugs, of which Bitcoin has had two whilst being as transparent as a Socialist's lust for other people's money!

Sometimes I think I'm from a different planet. The whole thing just seems nuts to me.

The way I see it, this is very simple.

If we are spied on all the time we're being stalked and hunted by a giant parasite-predator that does not have our best interests in mind.

This thing is infinitely more powerful than any one of us. We can try to limit its power, human history could be viewed as repeated attempts and failures to do this.

An excellent way to keep it in check is enough of us not accepting constant pervasive mass-surveillance, because then we can't as easily be picked as targets individually (less data to make a targeted choice).

It really isn't so hard to understand.

Ever fewer can see that it'd been the CBDC from the very beginning and has normalized insane amounts of transparency!

A bank account was bad enough, the bank can see all the transactions, the government can and does spy on the bank to spy on the customer, and the bank can and does sell customer data to third parties. And don't get me started on VISA/MasterCard being there in the middle so essentially a pretty good chunk of the world's financial data ends up at the NSA & co. And it's all neatly tagged (KYC).

Then along come cryptocurrencies, and now it's not just an institution that can look into your shit, oh no! IT'S THE WHOLE WORLD!

Forever, and retroactively!

And people don't see a problem with it until about 15 years later, and even then they resist and resist and resist!

Even more puzzling, they reject the tool that does the sane thing (#monero) (only you can see your transactions, like cash) because it's not part of their religion/football club!

Amazing!

But wait, it gets even better. They also rationalize why Bitcoin should not have privacy and anonymity baked in, because of inflation bugs, of which Bitcoin has had two whilst being as transparent as a Socialist's lust for other people's money!

Sometimes I think I'm from a different planet. The whole thing just seems nuts to me.

The way I see it, this is very simple.

If we are spied on all the time we're being stalked and hunted by a giant parasite-predator that does not have our best interests in mind.

This thing is infinitely more powerful than any one of us. We can try to limit its power, human history could be viewed as repeated attempts and failures to do this.

An excellent way to keep it in check is enough of us not accepting constant pervasive mass-surveillance, because then we can't as easily be picked as targets individually (less data to make a targeted choice).

It really isn't so hard to understand.

You know, it's honestly frustrating when some goddamn frog meme coin, like Pepe, is higher than something like #Monero, which seeks to change the world through financial #privacy. What kind of bullshit is that? I see Monero being the tortoise slowly but surely catching up, but it's just frustrating sometimes.

If the BTC devs don't start baking in privacy on a protocol level, BTC will become the CBDC.

The clock is ticking.

#cybersecgirl

My recommendation is to never KYC when you use BTC