If you believe that #democracy is a better governance system than #technocracy for the humanity but are distrustful of our current democratic systems, you may be interested in #Holismo. Holismo is a project that aims to establish an incorruptible #DigitalDemocracy. The white paper just got released today! #CyberDemocracy #Democracy20 #Crypto #Blockchain #Idena https://medium.com/@holismo/holismo-decentralized-human-democracy-whitepaper-v0-9-d4cf9cacb49e

(You Gotta) Fight for Your Right (To Opt-Out!) #TSA #Surveillance #Biometrics #1984 #Privacy https://reclaimthenet.org/the-tsa-facial-recognition-in-airports-and-your-rights

This is why crime is allowed to rise in cities and will not be fixed. The #WEF plan is to digitalize offline commerce. Face scanners to picky up your groceries and self-checkout will be sold to the public as a measure to combat shoplifters. Add to this that businesses are starting to not accept cash anymore for the same reason. This paves the way for #CBDC and #CreditScore. #DigitalID #SanFrancisco https://www.sfchronicle.com/sf/article/safeway-san-francisco-theft-shoplift-18204454.php

Exactly, it’s what he called the « X app » in interviews even before he bought #Twitter.

I agree in principle but realistically, #Bitcoin couldn’t handle the volume of transactions.

You need to stake in order to participate in the avalanche consensus. Staking and ASIC mining are a form of capital allocation so in both cases the decentralization is a function of capital distribution.

Certainly the #avalanche consensus doesn’t come without trade off but that’s why I particularly like the path taken by #eCash which relies on avalanche and #Nakamoto. The only other chain that I’m aware of that has both staking (not avalanche) and mining is #Decred.

Anyway, #Bitcoin has properties that will be almost impossible for other chains to emulate (network effect, level of proof-of-work) but we also need one or several chains that are secured, scale and can be used as a cash replacement.

#XEC #DCR #BTC

Your #Gitcoin identity remains pseudo-anonymous. Governments wouldn’t like systems enabling individuals to manage their identity in a decentralized manner because it removes from governments the monopole they have on our identities (government issued IDs).

1-block confirmation on #eCash makes a big difference in terms of usability. The combo Nakamoto + Avalanche is a win-win. I can’t wait for instant transaction confirmation #XEC! #crypto #blockchaine

I find the concept of the #Gitcoin passport to be very interesting. It aims to provide a Sybil-resistance mechanism so only humans not bots can participate in particular activities such as airdrops or voting-based mechanisms. I’m curious to see how many #Dapps will implement the Gitcoin passport for authentication.#Crypto #DAO #Blockchain #ProofOfPersonhood

The main use case for #lightning is fast micro-payment in #Bitcoin. Considering this, it’s not surprising that the volume remains low.

With #lightning we haven’t recreated a custodian and IOU-based system because of a physical impracticality as we did with the banking system to transact in gold. No, instead we did it because of a digital bottleneck. Ironically, the #Bitcoin maxis were right to call Bitcoin digital gold. It has the similar property of hard money while carrying comparable drawbacks calling for analogous solutions. Can’t we do better?

My take would be:

#Lightning is #banking 2.0

#eCash is #Bitcoin 2.0

Please change my mind!

Exactly, now we can better appreciate why banks exist in the first place 😂

For this we shouldn’t see #lightning as a non-custodial solution (few people even run a #Bitcoin node). 99.9% of potential users will use custodial wallets hence, most people shouldn’t have any expectation of #privacy when using lightning.

Personally, that’s the reason I keep an eye on #eCash (#BitcoinCash fork) which aims to implement an on-chain scaling roadmap while preserving the core principles of the #Bitcoin whitepaper. It’s clear that Bitcoin doesn’t intend to scale on-chain. #XEC #BCH #BTC

The use of custodial wallets mitigate this drawback but then, the major drawback becomes that it’s very complicated for even advanced #crypto users to use #lightning in a non-custodial way. Lightning isn’t a tech that can allow the democratization of #Bitcoin in its original form (P2P transactions).

#CBDC may be implemented with a quadratic saving mechanism:

“the more SerfCoin you have, the lower your interest rate, even going negative beyond a certain point.”

It looks similar to the quadratic staking mechanism implemented on the #Idena #blockchain 😄. #crypto

https://www.technocracy.news/bis-says-cbdc-roll-out-may-require-changing-the-constitution/

What does “similar efficacy” mean here?

This reinforces the case for the #Goldbacks. Why adopting a gold-backed currency (non-redeemable?) when you can just pay with #gold? I’m not even talking about #goldback vs. fiat… https://zerohedge.com/markets/gold-standard-back-brics-intro-gold-backed-reserve-currency

Although I have to admit this one is a stretch…