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moonsettler
6a3301c4584124c509efa3efeef04dfa4e7413032797fb79d0207689a085f10c
stubborn self-sovereign money maximalist and aspiring cypherpunk. signaling for BIP-119 OP_CTV

interesting, to me it sounds like "figure out how you make it worth my while!"

everyone responsible for this, know that: i hate you and i hope you die miserably!

you need a secure enclave and a private keyring. i assume most would use their phone with maybe an nfc device with secure element as backup. locked by pin / biometrics.

passive RFID tags don't have the compute capacity for stuff like this. they usually emit plain text strings with absolutely no security.

you shouldn't be. control over where you can be traced and where you can't be traced but still authorized is important.

nostr is such a simplistic solution. it's a lot better than some alternatives but very very far from ideal.

like i said, a real digital id could prove that you are a unique natural person, of age, and from a certain nationality if that is required, to any service without the ability for them to link it to other accounts.

you are shitting on the solution to a whole bunch of nasty privacy invasions.

btw there are components to this digital id thing where nostr identities fail miserably. cyber security, recovery, key rotation, etc... people shitting on "digital id" as a general concept have no clue wtf they are talking about.

too bad m$ did the usual m$ thing with ion, that cost us a decade in did progress.

not a very good digital id. but certainly a digital identity. you can use it to sign challenges, which makes your authentications non-reusable (very good against identity theft). but extremely linkable/traceable.

that's a brainless attitude.

your id is already digital in the worst possible way. only you have zero control over the data you use to identify yourself.

digital id can at least fix 1 aspect of this giant pile of shit.

"In 2021, Bill Gates funded research into genetically engineered cattle ticks β€” Now 450,000 Americans have red-meat allergies from β€˜Alpha-Gal Syndrome’ caused by tick bites, making it one of the most common food allergies in the United States,"

okay nevermind! officially there is no connection ofc. just a crazy conspiracy theory.

Had to go from 95% net worth invested in Bitcoin -> 15% about 2 weeks ago.

A lot of the confidence I had, vanished, once I stopped listening to podcasts with Bitcoin authority figures and started to research on my own.

The reason I made the move is that I am pretty sure Bitcoin is going to become Gold.

Based on my research, the masses embracing Bitcoin as a medium of exchange over stablecoins/CBDCs is a very remote probability.

This doesn't mean that Bitcoin is not going to go up in fiat terms of course. I still think there are massive fiat gains to be made in Bitcoin.

I'll be a buyer on draw-downs of 45-55% from ATH, and seller during "clarity" (e.g. policy, liquidity, etc.) spikes.

For me, Bitcoin went from being Hope to being a hedge against "The Great Taking" type scenario and a niche, permissionless MoE.

If you are unfamiliar with the book "The Great Taking":

- The book describes what Webb calls "The Great Taking" - a systematic, global seizure of all collateralized assets through legal, technological, and financial mechanisms. In other words, you don't own the stuff in your brokerage account.

- This is enabled by the laws in every country in the World (they were changed recently to allow for this global seizure type scenario).

Of course, if this happens, then Bitcoin and Gold get revalued much higher overnight.

Based on my research, the Controllers changed the laws for an edge case, this is not the base case type scenario.

If I have a reason to believe that the odds of Bitcoin as a mass MoE increase over time, I will scale back into it.

For now, Bitcoin is a dissident MoE, a Store of Value, and a "Great Taking" scenario type hedge, and I don't see this changing for the better any time soon.

More context on the post-ETF era:

nostr:nevent1qvzqqqqqqypzqvtw30knexxgwasss0qwafnz68hdx6u25xwpclsz4750ez46qpx2qyt8wumn8ghj7etyv4hzumn0wd68ytnvv9hxgtcpr9mhxue69uhkc6t8dp6xu6twvaex2mrp0yhxxmmd9uqzplfvpve5lkalumaw8zkqv0g0mr30dm02dxva5qsu26m0fyq7rlnrwx8sqa

More context on how permissionless technology β‰  permissionless adoption:

nostr:nevent1qvzqqqqqqypzqvtw30knexxgwasss0qwafnz68hdx6u25xwpclsz4750ez46qpx2qyt8wumn8ghj7etyv4hzumn0wd68ytnvv9hxgtcppemhxue69uhkummn9ekx7mp0qywhwumn8ghj7mn0wd68ytnzd96xxmmfdejhytnnda3kjctv9uqzqaez84eepgc67yy82p6urjm8mqfv2kxcdff24wrqyw5jq6mpxy5gwvj2ml

More context on how governments and large institutions are domesticating Bitcoin:

nostr:nevent1qvzqqqqqqypzqvtw30knexxgwasss0qwafnz68hdx6u25xwpclsz4750ez46qpx2qythwumn8ghj7un9d3shjtnswf5k6ctv9ehx2ap0qyt8wumn8ghj7etyv4hzumn0wd68ytnvv9hxgtcppemhxue69uhkummn9ekx7mp0qqsgcmh90td3u0ayhgpyv5v9rhlm6k3j4vcjh53eau8psnh7zkur3wc08u4tf

More context on what OG Bitcoiners don't understand:

nostr:nevent1qvzqqqqqqypzqvtw30knexxgwasss0qwafnz68hdx6u25xwpclsz4750ez46qpx2qyt8wumn8ghj7etyv4hzumn0wd68ytnvv9hxgtcppemhxue69uhkummn9ekx7mp0qywhwumn8ghj7mn0wd68ytnzd96xxmmfdejhytnnda3kjctv9uqzphjchgkg0zj2t77z2ethgg5qy6c63mf46hapggtuxpuc7agfcfryejs0uk

i have much the same issues with what is going on. it's pretty tiring to shout into the void and not even hear the faintest echo back.

so thanks!

maybe i will give it an other try. i just need to work up some serious boredom.

man i couldn't finish Tenet it was so bad. doesn't happen often that i just abandon a movie.

> WE WILL NOT FORGET

> WE WILL NOT FORGIVE

> WE WILL NOT REST

> WE WILL HAVE RETRIBUTION

> THE TRANTIFA DEMONRAT COMMUNISTS HAVE AWAKENED THE SLEEPING GIANT"

this sure sounds like psychosis to me. a guy died, doing what he loved to do. not even in a particularly horrible way. lot of people die around the world experiencing more pain and terror and humiliation. but you are neurotically latching on to this one like it's the most important thing in the wold. not even considering who might want you to do that?

you fucks did this after 9/11 too, that's how the entire world took a fucked up totalitarian turn.

seek help!

to so excessively focus on something like this is basically psychosis. they are playing your emotions like a fiddle.

recap: guy gets shot in the neck, immediately after epstein files blocked and it's illegal to boycott israel, bill introduced in congress to revoke your passports if you criticize israel.

mass outrage -> less freedom -> mass outrage -> less freedom ...

what will be the topic of the day when they extend the patriot act to "digital assets"?

pretty sure Popescu fucked trannies.

i wrote this on dec 21, 2024:

"it's a massive strawman to insinuate we are saying "without covenants it's all lost". no that's actually complete horsesshit. without changing anything tho, it is going be be a custodial clusterfuck.

there are many paths forward. covenants are probably the least controversial rn.

if you think giving up on improving and scaling bitcoin and cucking out to some neo-banking abomination is a viable option, i got nothing to tell you except that you are an idiot.

the thing about covenants is, they are common ground between different camps that are still aligned on bitcoin.

those that think we should increase capacity and those that think that's premature both grudgingly agree that covenants provide them with better tools for their apps."

sadly i think we are out of time. thanks to all the "what's the rush!?" idiots, that wasted 7 fucking years we flew under the radar and could have used to build ramparts of freedom tech, against the tide of regulation and paper bitcoin that is coming now.

life goes on, the dream will live on, even after bitcoin. but i don't think i will ever be able to forgive you assholes.

the two are probably related. core always tried to prevent UTXO set bloat, because it fucks up their architecture. they were not even particularly worried about citrea i think. they were worried about other new protocols copying heir example much more prolifically.

the reason is core has such an abysmally bad design, that bloating the UTXO set really degrades the performance of core nodes at a certain cut off point depending on the amount of RAM in the system.

so core is like "this is dumb! pretty please just use OP_RETURN!"

to this citrea said "sure, if at least 51% of the miners run the new relay policy, we will use it."

Replying to Avatar Leo Wandersleb

I'm trying to interpret your writing but I'm struggling.

"it matters all where people put their money / how they adopt bitcoin. when i look at that, i only see doom and gloom. it's just all wrong."

Yeah, of course, monetary allocation matters and more and more people put their money into BTC, hence the value went up. The "how" is your worry I assume, as clearly the latest wave of adoption was barely touching the core values of Bitcoin. They just want to NGU tech without understanding what it is about. But where is the "doom and gloom"? Is it "all wrong"? If so, then the incentives were not aligned correctly because the incentives were - from the start - such that at some point the common man would start holding Bitcoin without much concern for why or even how. The latter is a big problem for those common men. The former is just how the world works.

"part of the reason is the developers completely dropped the ball."

I take it you don't like how long it takes to get covenants? Or how did they drop the ball? Or what is your interpretation of what happened? Did nefarious forces derail the process or what's your read on the situation?

"bitcoin is unfit for it's purpose. it's unfit to be money at scale for low-trust settings."

How so? I agree that fungibility isn't where it should be. Is this where you're coming from? Institutions and highly regulated market participants caring about "tainted" coins? How did the devs drop the ball on that one? What could they have done and how would covenants fix things here? I think, L2s can improve fungibility and with covenants, L2 improve but that's very gradual unless some major breakthrough would happen, where all Bitcoiners would move to some super private L2.

"bitcoin also makes no sense in a white market legal framework high-trust context. it offers nothing to that world. as people will soon find out."

At the very least it's an inflation hedge but not for those who buy bitcoins that don't exist of course.

"if i was an og whale i would be dumping too if i saw this."

Whale or not - did you sell all your BTC? You said "too", so who did?

"At the very least it's an inflation hedge but not for those who buy bitcoins that don't exist of course. "

yeah people "bullish" on bitcoin are not buying bitcoin. they are buying other stuff with no scarcity whatsoever. there is no cap on how much capital bs can soak up.

that is going to have very predictable consequences, when you couple it with survivorship bias. guaranteed people will learn the wrong lessons. the wisdom will be "you have to lever up on your bitcoin to make it!" and that it's a timing/skill issue if you go rekt.

"How did the devs drop the ball on that one?"

bitcoin is integrated into the traditional financial system. and that will undo everything good about it. this would not have happened if bitcoin was more suitable for p2p commerce especially black market use.

by not scaling the system _with_ privacy (actually they hard blocked both separately), the devs have condemned bitcoin to regulatory capture and massive debasement via paper bitcoin.

that sounds good, but obviously didn't work out.

bitcoin got stuck in a state that makes it unable to fulfill it's purpose. all because (perhaps good) people made the wrong decisions. and then the sociopaths came and perverted the narratives around it to this travesty you see unfold.

"How come so few people are buying Pixels and installing it?"

i can only speak for myself, but it's pricey and risky at the same time. you buy a new phone you can either unlock the bootloader or not, you either fuck up your brand new phone or not, but you definitely lose the warranty.

so ideally you would want some secure enclave like knox (or a second phone) locked with a strong pin. and never unlock that in a public space under cameras. idk how good knox actually is, i keep putting that research off.

the idea is that, you in fact unlock the basic functions (or your burner) with biometrics (maybe coupled with an nfc security device attached to your body) but that does not include any truly private data or privacy sensitive apps like e2e messengers or wallets.

that's what i'm saying. things would be a bit more interesting if they could pull that off.

lol! most places insisted on 20m / 10 conf already.

buckle up! it's all going to hell.