Amazing. Tiller steered? Where do you aim to take her?
What kind of boat do you have?
Inflation is a triple tax. Tax on your purchasing power. It pushes wages into a higher tax bracket. And as if that isn’t enough, any purchasing power retained will be taxed as capital gains.
And government can do this without a single vote cast.
Not pictured: one gallon of sweat 💧
📍Antalya, Turkey https://nostr.build/av/8b151bd7a65f7aede99d30d095f045a7ac0a0e9e7186ac71d591e9439887d94e.mov
🇹🇷
Too bad this man was $Whackd #rip nostr:note1qnajxvqvdhrqf82pwxj8mkvgc2th444vvajawjqjw98d8u9tyr8qtl5jvk
True Bitcoin price discovery is protected by millions, eventually billions, of families and individuals taking Bitcoin into self custody 🫡
I share your distaste for larps and cucks so understand the sentiment. Just disagree with where the energy is pointed.
Nice so we agree that the majority of wealth should be stored in on chain Bitcoin. It’s the only way to protect yourself against certain debasement.
The disagreement is in how to spend small amounts of your wealth. Any of the options comes with downside:
-Self custodial lightning -> technical barrier to entry running your own node (with the exception of Phoenix Wallet and a couple others) and the need for good privacy hygiene to not dox yourself
-Custodial lightning -> requires trust and good privacy hygiene, but very low barrier to entry.
-Liquid Bitcoin -> requires trust in the Federation. This is better than trusting a single custodian. Does not require knowledge of privacy, only more adoption.
-Whirlpool -> I agree this is expensive and would not use for spending. Only cleaning KYC coins if you happen to have them.
-Monero -> risk of being debased, no need for knowledge of privacy but need to learn about mechanics of a second currency.
I will also say all of the Monero wallets I’ve tried take a very long time to sync.
Tradeoffs. I personally know how to acquire and spend Bitcoin privately, so never have the need for Monero.
For the masses, we’ll see; the market will figure that out. I’m glad there are options and the trend towards private-by-design tech is increasing.
There are trade offs to everything. Monero is not hard money and will therefore trend to zero against Bitcoin over time. Sure, a decent tool, but not something I would want to hold a large position for the longterm in a world where Bitcoin exists. Absolute privacy is the ideal, but it will mean nothing if your purchasing power can’t be protected. You have to start with hard money and then make it absolutely private, not the other way around.
The privacy of liquid will improve as adoption increases and more types of assets are issued on it. It’s still In its infancy. If it never gets a high adoption rate, then yes I would agree with you—the anon set is not large enough to offer any real privacy benefits. And in that world, we would still have whirlpool.
As for “permissioned”, it’s a multisig wallet that only needs one federation member to sign for a peg out. There are many exchanges like Sideswap that have this built in. The federation model I agree is not as trustless as on chain Bitcoin, but it’s far more trustless than using custodial lightning or, in the case of Monero, hardforking the project with relative frequency.
If your marketing strategy is to call everyone that disagrees with you a cuck or larp, good luck with that 😂. Maybe you can get some weak men who are insecure about their masculinity to jump the fence. And what a way to build a community.
Yeah it does. Stay away from Wasabi. Samouri whirlpool is the way
https://streamable.com/l/if9zxs/mp4-mobile.mp4
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I will hold until the whole world is set free 🫡




