Never asked these questions when buying a car, or a phone, or anything for that matters.
But yes, stop dealing with banks.
Wouldn’t be a problem if they don’t sell sh!tcoins.
That said, not a bad thing to have the state waste their time on these garbage, while we build.
USD is one of the most successful fraud ever. Don’t underestimate the fiat cantillons. Even fools whom have inherited a big gun can do massive damage to all involved.
Why we need to make No-KYC coins the standard. This is the same concept as the anonymotity set - the No-KYC set. If every purchase and every transactions are No-KYC, AML will become impractical to conduct.
Too much LARPing, too little Building. If we lose, it’ll be because of the complacency of plebs. #BUIDL.
We need way more options, and we need much, much lower friction.
Every normies we fail to onboard, is a potentially enemy in the future fiat army, in the war that we will face if we loses the race.
#BUIDL
The number one priority for those in power, is to preserve said power. Exceptions are far and few in between.
Under a Bitcoin standard, at T -> infinity: Your boss have to negotiate a pay cut with you, and you have to negotiate a pay raise with your boss.
There shall be no hidden raises nor hidden cuts.
Underestimating the enemy is the quickest way to lose. Victory is far from guaranteed. #BUIDL
Zaps is an attack on LN decentralization. Should not have rolled it out wide before non-custodial solution is ready
https://twitter.com/benthecarman/status/1638006709741289474?s=46&t=NMEB39yu4RW9ff_HWmd1GQ
I tried a bunch. Couldn’t find non-custodial solution supporting incoming Zaps. Zaps hugely increased custodial LN. Its disappointing
I highly doubt Block is able to build a Bisq like No-KYC Bitcoin ramp, for example.
What you have said is also not confidence inspiring
It seems to me you were saying that you don’t believe Bitcoin to be able to replace all forms of currencies. I’d assume also means that tools which goes towards this end, including to fight state national currencies as all forms of money, will be deprioritized from the road map.
Again, I hope I am wrong. But I am afraid, it is indeed not up to public companies to take on such positions. And if so, I can understand, even tho still being disappointed at the same time.
Why us pseudonymous FOSS projects exists.
More important than to prognosticate what the end state might look like - its to create the future we want to see. I do question the conviction of Block towards Bitcoin if the CEO of one of its division does not believe in a Bitcoin future. Perhaps the limitations of a state regulated public company? I hope I am reading this wrong here.
Am curious about people’s thoughts on integrated wallets vs external wallets.
My concern with integrated wallet is people wary of each app having a Bitcoin balance scattered all over these apps. Management is difficult enough. Making sure security is up to snuff on all these hot wallets is another problem.
The alternative tho is difficulty in supporting a lot of custom functionalities that regular wallets might not support or support well. In this case, Zaps.
Unfortunately they are correct. If the cantillons design to enslave with UX in mind, and we design against UX for impracticalities, we will lose. Imagine we argued against BIP-39 because, why simplify the UX and treat people like dummies?
We are fundamentally apes, except for the few things we manage to focus on. We can’t expect everyone to be expert in everything. It is okay to reduce complexity to others so they can specialize in their domain for us in return
Black market for No-KYC Bitcoin soon
#Bitcoin was built with full expectation that the government will fight individual sovereignty at every step. We need to continue that spirit
Gradually, then Suddenly.
I’m afraid we haven’t done enough to be ready for the suddenly part.