Bitcoiners should be embarrassed that the largest global conference that represents this industry has turned into a giant Trump rally. Hitching your cart to a malignant narcissist is a very bad look, and it eclipses all of the hard apolitical work that has been done up to this point and still needs to be done to further adoption.

If Bitcoiners were true, Trump would be sitting alone at that roundtable.

And yet... It'll be interesting to see what sits there.

Jup, on bisq the next one maybe has a problem. Generally I would say, not the coinjoins are the problem, the crazy regulations are the problem.

I happily accepted conjoined utxos and I think I'm not the only one. And if everything gets really bad, you could switch to monero, but I believe it's just a matter of time until the last exchange will delist it.

The risk of domestication of #Bitcoin

"If you can't beat them, join them"

If Bitcoin becomes part of the U.S. Strategic Reserve, this will give the U.S. government very powerful leverage over Bitcoin's future.

I see several risky scenarios with this.

For example, the government or the Senate could decide that Bitcoin must integrate KYC natively for it to be used legally by the US state, US financial institutions, businesses and individuals.

They could pay developers to create a fork, and force all these American people and entities to use it.

The rest of the community will then have to choose:

- Stay with the original version of Bitcoin, which will NOT be used by the U.S. government, ETFs, #Microstrategy, etc.

- Or use the version that all these American entities will use.

The problem is that it's the version used by US entities that should have the highest price per Bitcoin, creating an incentive for all other users to use the new fork.

What's your opinion on this scenario and the risk it represents?

Never had problems with merchants accepting those utxos. I didn't try to sell it on a centralized exchange. Didn't sell any. But you could use bisq I guess, heard it worked well with conjoined utxos.

i frequently imagine satoshi sitting back somewhere and laughing at it all

Bukele took a small first step.

Trump will bring nationalization of #Bitcoin and Maxis will be partying.

A transparent treasury and identification of users are needed.

There will be a #BTC fork, for those who don't accept KYC on-chain.

Strong mining will go with state-owned BTC

Bitcoiners should be embarrassed that the largest global conference that represents this industry has turned into a giant Trump rally. Hitching your cart to a malignant narcissist is a very bad look, and it eclipses all of the hard apolitical work that has been done up to this point and still needs to be done to further adoption.

I see what you see. We will need a lot of other freedom tech infrastructure to avoid this future whether it be Bitcoin or any other coin you may support.

Whoa okay. Yeah that's a real concern.

I'm imagining a future for myself where most bitcoin is exchanged peer to peer rather than with institutions, but having the option is important.

Can you provide context on the story? I know swan for example won't allow coins that came right from a mix. I expect these sorts of issues to expand in scope.

Bitcoin is illegal in some jurisdictions. Question for you: is it still used there? If yes, how? And how much?

All my corns are 'tainted'. I've neved had issue with beaurocrat cornblockers and I transact daily.

Cornblockers iron their underpants.

Do you?

Because its permissionless.

Periods of great prohibition drive great innovation.

If you haven't thought about what to do if your country bans bitcoin, maybe you should.

Whats opinion of this community about monero? #asknostr

I trust in the incentives to work it all out.

A jurisdiction can't stop their people using bitcoin but they can shut themselves off from it's benefits. We've seen that in a few countries already. Eventually they realize their mistake & pivot.

KYC can be a threat to the individual but there are many ways to hedge this risk & the state has the odds against them.

There is much chaos ahead for humanity, but there's also a lot to be excited for. The dysfunction will get louder as the system approaches collapse. Bitcoin is the least of their problems right now.

As long as the military industrial complex stays in place and KYC stays in place bitcoin could easily become an authoritarian nightmare.

If you think that's not accurate please elaborate.

I am working through my thought process here.

Wonder if you create a privacy chain from the ground up that would automatically self-audit. Use ZK to count up all the balances without revealing them outside of the sum total.

Long term, we need private money or it just gets traced / taxed / seized by the state anyway.

But truly private money makes for a bad store of value. You can’t audit the ledger, so a bug could create unlimited inflation that would be hard to detect.

So privacy is how you move money, not necessarily store it.