For example in Argentina it is totally understandable. you dont want to have savings in Argentinian peso with their inflation.
USD cash is playing a big part in Argentina economy.
Even with BTC volatility it is much safer bet even for "normies". And probably those who are more conservative choose USD pegged token. There are other risk factors but that is another discussion...
Some thoughts on your list from my side:
2) Signal - can be registered to anon sim a later you don't have to use it, it's just first reg. I think they use twillio. It is workable.
Another option is Sessions app. No number required. Only downside is network effect.
3)There's AppFlowy. You can run it locally. Problem is that UI is not good.
5) Passwords: What about to use something like open source password manager + TOTP 2FA on second device? You don't rely only on Master password.
7) Number: Try keepgo.com or silent.link . Hushed is ok, but sometimes it might not work. Those sms4sats work pretty good for sms verifications.
8) Phone: Banana phone with wallace toolbox can change IMEI and with anon SIM it is a solution.
9) That is true, works for some time and than it discontinued. Unfortunately that is the truth.
10) Paying cash and smaller accommodation solve this problem. Or to have another ID card. (more various residencies)
11) That is pain and cancer, agree. But simplelogin is solving it.
great list. You are solving same issues like me. I will drop some comments on your list here later on. We got similar conclusions. I will share some data i have experience with on each point. 👍🏽
LATAM employees choosing to be paid in crypto.
Especially in Argentina it makes all the sense with their 97% inflation y/y
64% choose BTC
25% wants USD pegged token
The rest probably other shitcoins (7% ETH....)
https://cryptonews.com/news/increase-number-of-latam-workers-choosing-get-paid-crypto.htm
I agree that many services don't offer bitcoin payments. It is doable but it requires more time and energy from our side. For example it is possible to charge virtual credit card with BTC, the service will convert it in FIAT and pay with FIAT. But I agree it is not one click purchase.
Wyoming protects citizens against disclosing their private keys.
"No person shall be compelled to produce a private key or make a private key known to any other person in any civil, criminal, administrative, legislative or other proceeding in this state"
GM nothtr
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Yes i count p2p into that. I agree it is still challenging in some cases but doable.
Who’s living of bitcoin only?
Bitcoin is superior to all other coins. Imagine trying to change a block 11 blocks deep in the chain.
All right. Let’s go. Execute. Making most of decisions in the morning.
And trust your gut. That helps.
LinkedIn is a crap. Same here. Selling something I have zero interest in.
Hell on earth. In 21st century it takes days to transfer money from one bank to another international. Plus heavy fees. Who would be using it?
GM plebs
thanks for answer, my take for now is the same as stated in my post.
Do you mostly use native segwit addresses or taproot ones? And why? Which one do you choose or use?
Take on that here (bear with me):
1) With the Taproot and Schnorr upgrade, we have moved to P2PK from sending bitcoins to P2PKH or P2WPKH.
There might be potential risk in very long term play if I understand that right.
2)Bitcoin addresses that are derived from public key hashes have the advantage that the public key cannot be derived from its hashes - irreversible step.
But Taproot address is different. We don't store key hashes ( result is that makes it smaller size) but we pay to public key (like old days with P2PK). That means that with theoretically enough computing power from quantum computers could "compute" private keys to published public keys. Right?
3)Is this a valid risk now? I don't think it is for now and foreseeable future. It would require advanced quantum computers that we don't have. Secondly the cryptography would fall apart as we know it today and would need to update and invent quantum resistant cryptography.
4) Thought:
If there will be in existence enough powerful quantum computers then the private key might be calculated during the approx. 10min time block when the public key is revealed (even in P2WPKH and P2PKH transactions) during UTXO spending. That means that even with transactions P2PKH or P2WPKH we solve nothing because public key is revealed when spending it.
Net-net: taproot is using P2PK but if there's a time when you can compute priv.key from pubkey then key hashed addresses have only partial protection till you spend those UTXOs ( with spend you have to reveal pubkey) and those ±10 mins blocks might suffice to make all computing.
My result: Yes, using taproot.
I am not an expert, just some thoughts on that.
Is my thought process correct? Maybe #[0] can review my thought? Thank you for that in advance.
Back to the question, do you use taproot or native segwit?
#bitcoin #taproot #segwit #quantumcomputers
What hw wallet do you use?
Drop in comments!
#bitcoin
In 2) don’t mix means reuse address.
In 3) mix means use coinjoins or other mixing services.
1) Don’t compromise on KYC. KYC will eventually bite you in the ass.
2)have coin hygiene. Don’t mix coins. Have an order in it. Maintain anonymity.
3) mix. Obfuscate history.
4) use coin control. Spend coins you want to spend.
5) use own node, don’t trust, verify
6) use hw wallet with Shamir, passphrase or multisigs
7) respect proved setups, don’t invent own complicated schemes concerning splitting seeds, etc.
#bitcoin