they’re coming after medium of exchange

undeniably nostr:note1z6cf9jvza86j9rm6ra7d2ke5362rpasy9syahrmeuucy2can9zfq62f74g

this week’s GoC “Fun Fact”:

“If bitcoin captures 5% of the Total Addressable Market (TAM) of gold, cars/collectibles, fine art, real estate, the stock market, and negative and low yielding bonds, bitcoin's market cap would be approximately $26.55 trillion. This would imply a price of $1,418,449 per coin.”

🧡💊🍁 nostr:note19r8fzvfk7x466wyvgn64dy5v8wa6fj6y6q6tp977y7tul9k9uwvseut33h

me looking at a 100,000 sat balance in #Shakepay:

#Nunchuk is my favourite mobile app (sorry nostr:npub18m76awca3y37hkvuneavuw6pjj4525fw90necxmadrvjg0sdy6qsngq955)

and they don’t even have a Dark mode

- I’m worried you don’t understand what you just read, so I will repeat:

Nunchuk is my favourite app,

and they don’t have Dark mode

#KYC to buy a house in the West,

#coinjoin to legitimately pay privately,

#non-KYC for the fuck-you money

there’s a time and place (jurisdiction) for each

don’t forget perfecting the art of “Aghast Influencer” thumbnails

😱

nominal dollar go up = LAMBO!

😒

to clarify an important moral distinction between fiat money laundering and coinjoining sats:

- #coinjoin necessitates all participants input the same value as other participants in the pool; everyone must put up a *verifiable* quantity, otherwise privacy-optimizating cannot be achieved

- fiat money laundering is the premise of taking *unknown* quantities of ill-gotten dollars/pounds/yen and passing it through a legitimate business, to help explain to the tax authorities how/where your revenue came from

nostr:note14csdgnum2xkte2d46n2ru6e30eshfvncldqf6vvnp88kj0xf5x3qfwsh7a

using a passphrase absolutely adds a layer of security

it’s a whole other wallet within your wallet

in this scenario, the attacker would need to know your PIN and the passphrase, which is essentially another seedphrase

hypothetical:

- I #coinjoin a stack of KYC sats; let’s say, 10 UTXOs, each 1 million sats

- I give (send) these out to family/friends at some point in the near future

what’s their cost-basis? the price they received it at?

does it now become non-KYC for them?

#asknostr

#plebchain

🍆😮

🌽🥵

16 bitcorns

Janet Yellen’s sure paying a lot of corn to get that notepad back…

I coinjoined a stack of sats just 6 months ago

that close… 🤏

medium of exchange is under attack

first #privacy…

then medium of exchange nostr:note1ds3vudj0s567nefemtf62q92s7hsxyk5rhzrsn25aqgtfuvs9efsj0stw3

this was, of course, inevitable

I’m starting to think 1,000,000 sat UTXOs are not enough