Do you think this is a feasable attack vector in the long run? When large quantities of bitcoin is bought by companies, ETFs etc and the price rises and more people get in, DESPITE the volatility? I doubt it.

These whales, who do you think they are? Nation states? Financial institutions? And what is their objective?

Could you please elaborate. Why would it be eveidence of active price supression when miners sell their bitcoin?

Nothing to see here. Miners have to sell. Keep stacking anon.

#Bitcoin

Well, voice of experience: fly the hell out of it until he realizes how much it ends up costing. If he’s flying it a lot then you’ll be fine, but lots of guys tend to have the fun wear off once the plane is done. The flying is a pain sometimes, you have to go and plan, then come back….

I’ve found that a lot of the guys who can afford the plane only want it like a toy, or a project. They love the purchase, the shopping, the grind of looking forward to building it, to the point they spend hours every week planning out their roster of unnecessary mods…..then once it’s done their interest wanes. Once the last vortex generator is mounted, the final type C charger wired into the panel installed, the thrill begins to wear off. Before you know it, they get the renewal notice and hear the wife tell them “you’ve hardly flown that thing at all this year! Why not sell it if it’s just costing you $3,500 a month!”

Then they call someone like me to help them offload it, and I con them into buying a bigger, better plane. The process starts anew, them thinking that expanded capability will keep their passions stoked, that a 6-seater would be “big enough to ACTUALLY use!!!” and before you know it they’ve got a $450,000 bushliner on order

This is a dumb question but I’m gonna ask anyways 😂

How do apps like simplex or other open source apps, without a defined revenue source (sales etc etc), bring in revenue?

I think simplex is fantastic, for the record, just always wondered in general how money is made. Outside of funding events obviously lol

Hey y’all, help me understand something. If me and my friend have KYC sats, can’t we just clear the KYC by selling to each other for USD? Like I buy 0.1 BTC from him for USD, and he does the same to me. To fresh wallets. And pay whatever capital gains or loss taxes, obviously. But at that point, the privately purchased sats are KYC free, no?

Who is capable of writing a JavaScript/WebSockets implementation of SimpleX? I didn't ask but I would bet OpenSats would be willing to fund this.

Any friction imposed on your ability enter your country of citizenship is a serious infringement on human freedom.

The only acceptable leeway should be to verify a) who you are, and b) that you're a citizen.

Hopefully there'll be a mobility amendment in the U.S. one day to codify this principle into a right and provide ample disincentivizing punishment for those who violate it.

#freedomofmovement #mobilityamendment #USA #Australia #Canada

For the government to intervene a problem in a society, at least following should to be taken into account:

- the problem should be clearly identifiable and affecting the majority of people in a harmful way

- the solution should be relatively easy and cost-effective to implement (we shouldn't confiscate and destroy people's property and capital by introducing excessively high tax- and/or monetary inflation policies, regardless of the severity of the problem we face, or take huge risks with solutions that might have severe negative side effects to other people)

- the benefits of the solution should clearly outweigh the drawbacks

- access to the evidence of the problem and the solution should be available to everyone.

If all of the above conditions are not met, then we shouldn't have government intervention.

What do you get when you mix Bitcoin’s tokenomics, Monero’s privacy, Ethereum’s smart contracts and add Homomorphic Encryption to the mix? You get Dero Dero.io

There are at least 3 parties to every person's bordered entry to a country:

1. The country the person is entering;

2. The person entering;

3. The country of citizenship of the person entering or the country that issued the travel document (or ID substituting for a travel document).

Party #1 and #2 are intuitive for most people, but why should one be dependent on their home country to be able to enter a different country?

A relic of the nation-state monopoly on issuance of passports combined with their multi-lateral agreement to only accept passports (with limited exceptions) as travel documents for lawful bordered entries.

If your country of citizenship won't or can't issue your passport, you'll likely be nailed to one place or borderless zone (see my list of passport attack vectors in the comments). This is why confiscating someone's passport is considered such a powerful tool of control, whether by an individual or an oppressive govt actor.

This phenomenon of dependence on the third party mentioned above results in one of the biggest (and little discussed) benefits of dual and multiple citizenship. If you can swap 2, 3 or more countries into that third party slot issuing your travel document, your dependence (and vulnerability to) any one country becomes more limited.

Note, I'm not referring to visa-free access granted by the 2nd or 3rd citizenship.

Even if the country issuing the passport doesn't have ANY visa-free access to other countries. The hypothetical "weakest" passport with zero visa-free access has value.

It removes the 3rd party (document issuing nation-state) involvement from human freedom of movement.

Of course, the tradeoff is that the person using it may have to reinvent the wheel by obtaining visas to enter as a citizen of that country whereas a different citizenship (with accompanying passport) may already grant you visa-free access to your destination country.

A potentially time-consuming hassle.

At present, the closest corollary (excepting the stateless and refugees who might be entitled to refugee travel doc.), would be citizenship in a country with very poor visa-free access, but that reliably issues passports to its citizens.

Would having such citizenship and accompanying "visa-needy" passport be worthwhile? For those interested in maximum freedom from state and contingency plans, I believe very much so.

This is why I often recommend people pursue adding citizenship in so-called third world countries if they qualify by ancestry, and also why I believe there would still be a market for citizenship by investment in a country with extremely poor visa-free access.

The citizenship granting the "visa-needy" passport as a canvas for visas has significant value for freedom of movement.

#citizenship #passport #dualcitizenship #visafreetravel #citizenshipbyinvestment

Still can’t believe Damus is being forced to take zaps away.