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Expatriotic
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Replying to Avatar Badsamm

Did what?

Zero context

I love that back then u could eat out for 5 quid.

They're laughing at us as they debase our hard earned money.

Meanwhile they can make it from thin air.

Yes I witnessed block 888888.

Because I'm a masochist. 30 minutes looking at a screen.

Just put the grapheneOS phone into a monochromatic mode and don't download 1000 apps...

https://www.youtube.com/watch?v=OrZacTUhH0c

### Preamble

**This is the beginning of a series of posts. The first of seven. You need tools for opting out of the fiat world.**

`Below is the ranking of choices one should consider when getting ready to buy something.`

- Avoid using dollars, banks, VISA.

- Pay in cash to avoid supporting companies like VISA

- Use one of the following companies to help one acquire gift cards and prepaid cards:

1. The Bitcoin Company

2. Bitrefill

3. Cake Pay

4. Coincards

5. COINSBEE

6. Stealths

7. Trocador

Recommendations:

- Avoid using apps when possible and use a privacy preserving browser instead.

- Tor Browser

- Librewolf/IronFox/Vanadium/Brave/Mullvad + VPN

- Use a pseudonym rather than your real name.

- Use a unique or disposable email rather than your doxxed email address.

- DO NOT give out your home address but rather use a PO Box if you need to take delivery of a physical prepaid VISA card.

**The Bitcoin Company**

>*The Bitcoin Company is a company built by Bitcoiners, for everyone. Bitcoin, for everyone.*

>*The Bitcoin Company will help you earn, spend, save, send, buy, and sell bitcoin, all in one place. We are building a simple, private, and easy to use app with all the traditional financial tools you have come to expect from your bank (with none of the headaches), but with Bitcoin at it’s core.*

[...continue reading](https://expatriotic.me/the-bitcoin-company/)

_Good Morning_\

☕ 📖 🌞

# Cryptoeconomics

**by [Erik Voskuil](https://github.com/evoskuil).**\

**The book can be found on [GitHub](https://github.com/libbitcoin/libbitcoin-system/wiki/Cryptoeconomics).**

### Brand Arrogation

_**Arrogation** refers to the act of claiming or seizing something without justification or right, often in an authoritative or presumptuous manner._

- **Conceptual Nature**: Bitcoin is a set of concepts, not a specific chain; no one can control these concepts.

- **Evolution**: People will use 'Bitcoin' to describe various chains and splits as they evolve, similar to other commodities like gold or oil.

- **Declaration**: Bitcoin binds concepts, not rules, protocols, or implementations.

- **Brand Association**: Investors desire brand association, but there's no legitimate claim to the 'Bitcoin' brand.

The rest of the summarized chapters are at https://expatriotic.me

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Lol, credit cards and the banking system are abstractions and like most abstractions, eg Cashu, are more private than Bitcoin...

Privacy and Bitcoin shouldn't be in the same sentence, unless one is willing to go through an intermediatary like Strike or Cashu...

And sorry, but that's a non starter...

The problem is that LN creates problems while trying to solve them.

Someone using Zeus embedded node should open a channel with 100k-1mil sats...

Or God forbid, they need hardware to run their own node and keep it online.

Then manage liquidity...

Anyway my point is that you end up pushing people to custodial solutions the more you push these layers with massive UX issues on people.

And that's fucked...

We have convinced people that they're bitcoiners when they're effectively reverting to the fiat system of IOUs...

Ffs

KYC or Custodial solutions... It's all bullshit... Damn it people!!! There are other solutions...

_Good Morning_\

☕ 📖 🌞

# Cryptoeconomics

**by [Erik Voskuil](https://github.com/evoskuil).**\

**The book can be found on [GitHub](https://github.com/libbitcoin/libbitcoin-system/wiki/Cryptoeconomics).**

### Blockchain Fallacy

- **Theory of Immutable Claims**: Suggests property ownership can be secured through immutable claim-keeping, protecting against loss and custodial risk.

- **Custodian Control**: Property control remains with the custodian; claims are enforced by the claim holder, not inherently secure.

- **Claim Loss**: Immutable claim-keeping doesn't prevent loss; owners must still secure proof of ownership.

- **Storage Efficiency**: References to claims can reduce storage costs, but validation and execution still depend on additional data.

- **Human Security**: Security ultimately relies on people, not technology, as shown by the Risk Sharing Principle.

- **Custodial Vulnerability**: Immutable claims don't protect against custodian attacks or state interference.

- **Non-Custodial Nature of Bitcoin**: Bitcoin is traded directly, with merchants acting as value custodians.

- **Misconception of Security**: The fallacy arises from misunderstanding Bitcoin's security model, attributing it to technology rather than merchant distribution.

- **Misleading Term**: "Blockchain technology" wrongly suggests security comes from data structure, not from broader economic factors.

The rest of the summarized chapters are at https://expatriotic.me