That’s some serious Lemmy warts going on there 😂

Name the Nostra client that you are reading this note from 👇

Wounded animals in weak positions lash out in desperation to project strength when they are most vulnerable.

what are the chances you are on a three-letter-agency list?

The entire developed world tax apparatus that was built in the 20th century and extends into the 21st century depends on ubiquitous financial surveillance.

They are not going to give that up without a fight. I have been saying at a number of conferences and podcasts that privacy is the main battleground for the next decade.

Back in the 19th century and before, money was mostly private. There were plenty of dictators but there was no major method of surveilling all transactions. Therefore things like broad income taxes were untenable to enforce.

But in the 20th century as money increasingly moved around at the speed of light, people needed bank accounts to keep up. It wasn’t all forced on them; they chose it. And those bank accounts were centralized, surveillable, and ruggable.

This allowed authorities to switch to income taxes, which require ubiquitous financial surveillance to work. And ultimately it allowed them to switch to fiat currency altogether.

Now in the 21st century, Bitcoin and its various layers allow people to hold and move around money globally without permissioned banks. They can do so peer to peer, or they can do so with custodians and open layers, etc. Unlike the base layer of fiat, the base layer of bitcoin is permissionless.

But this represents a threat to the entire current system of taxation and financial control. If bitcoin and particularly various private methods on top of it were to be adopted at massive scale, the entire tax structure and other things would need to reshape themselves around that reality. And so they won’t make it easy; they will try to criminalize financial privacy as much as possible while the network is still pretty small.

The only solutions are to 1) make privacy tech so ubiquitous that it can’t be isolated and can spread organically in a distributed way and 2) to apply legal pressure when possible so that governments sort of have to operate within the bounds of their own law, like the 1st and 4th amendments.

NDK 2.9 will ship with Blossom support.

🌸

nostr:note1rhfyhlrdpcpvvustclms0l2xccfa7w2jj8glfm3catgt7t2wytwqd0c3qk

Happy halving!

Block 840000 had over 37 BTC in fees with a block subsidy of only 3.125 BTC.

The minimum fee was a tiny 100 sat/vByte, the highest bid fee was 3.6M sats/vByte. This transaction alone paid 6.73 BTC in fees. An unnecessary waste of a lot of money.

Onward 🫡

I thought the panel with Obi and Calle talking about ecash was the best of the conference in Bedford.

BITCOIN IS THE ONLY GLOBAL FREE MARKET. 24/7/365 LIQUIDITY. NO CIRCUIT BREAKERS. FEATURE NOT A BUG. STAY HUMBLE AND STACK SATS.

GM Nostr ☕

Showing balances across multiple mints, each potentially having multiple assets does sound challenging. Maybe you could allow toggling between one view that is ordered by mint and then by asset within the mint, and a second view that is just an aggregated total across all mints for each asset?

Spent the weekend exploring designs for showing stable assets like USD, EUR on Cashu. A challenging edge case: when users have different assets within a mint, and also spread across different mints. Cross-mint interoperability for stable assets makes my mind melt.

Yeah, I'm sure if you just say explain that to millions of Argentinians Tether will stop dominating their market tomorrow.

Spent the weekend exploring designs for showing stable assets like USD, EUR on Cashu. A challenging edge case: when users have different assets within a mint, and also spread across different mints. Cross-mint interoperability for stable assets makes my mind melt.

```

if err != nil {

return "", err

}

```

Which programming language?