Avatar
Kortik 🇦🇲
a7f72cd8c8c7cf18fa6f44c131e01d5b88c2f47723a56626ef33d6990e6a9f15
BIP47 | Artsakh | Արցախ | Sznek | Սզնեք | Nodl | Cello PM8TJP7RYWNosUvkvj6zoV6QwhJLfQWc4fhVsp7ZWq1WR3HU3f4uUk2yuefEedzF97QMhcPfdphZEXyhWanh6ZgPUDVPmxjW9j51Wt2zHwgPvKVkdqxR

They came for bitcoin exchanges.

I did not speak out, I can do self custody.

Then they came for tumblers.

I did not speak out, I'm not some "darknet hacker".

Then they came for self custody, code, privacy.

I did not speak out, surely this is our right?

Then they came for me.

Who will be left to speak for you?

"I don't believe we shall ever have a good money again before we take the thing out of the hands of government, that is, we can't take them violently out of the hands of government, all we can do is by some sly roundabout way introduce something that they can't stop."

F. A. Hayek

Wrong question

It should be - is monero permissioned or permissionless?

Ther is a permissionless principle in #bitcoin otherwise it cannot exist

Is bitcoin permissioned or permissionless?

Every one seems to miss this important point it cannot be both permissioned and permisonless.

Monero is permisonless

Bitcoin is captured by KYC

https://github.com/libbitcoin/libbitcoin-system/wiki/Permissionless-Principle

deleted the cache in the app and now lightning bolt spins never ends. forcing the app to stop. but after opening still the same cannot open the app anymore. Something is not right

When will #bitcoin become P2P digital cash?

No, it means we don’t know the price anymore we’ve never been here could go as high as moon there for

Open waters

Nothing to do with kyc

More to do with NGU

Is there a 2024 version of this?

Bitcoin is an entire system, a system for creating the conditions of physical cash electronically.

Satoshi's electronic cash system created the conditions for an electronic analog to physical cash.

For the first time ever, data could be cash. And data is analogous to speech, and speech always wants to be free!

So is #Bitcoin still money?

There are

no 'coins',

no 'notes',

no 'currency units'.

There is only a chain of digital signatures(UTXO)

When a new block is found a new special digital signature is created.

The signature announced publicly to anyone who will listen

There are no wallets.

There are only keychains that hold public/private key pair data

Text. Data. Speech.

Benefits of bitcoin do not exist under permissioned custodial service. Kyc bitcoin is exactly that.

If it’s all custodial or even majority custodial we will get on-chain censorship, which removes any benefit of sound money. The security of the network requires self custody and the ability for individuals to directly bid on blockspace without kyc entity.

Trusted 3rd party introduce onchain censorship and self custody is what secures the network.

Therefore giving users a chance to bid on bitcoin blockspace w/out financial institutional control.

Kyc is that control!

https://github.com/libbitcoin/libbitcoin-system/wiki/Permissionless-Principle