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Uxellodunum
af27a694e1ed4f6fe41290139a4819b182dc39befd9d855f718285546dba7c8f
🇬🇧🇵🇹 Technomancer @ Proxymana https://info.proxymana.net Building infrastructure, a cyberfort for our community. 🐧Linux daily-driver.🐧 No Windows machines in this household. ₿ Bitcoin ₿ & ⚡ Lightning ⚡ Node & Mining Operator. Not your keys, not your coin ₿ In the process of maximizing Sovereignty. Mining since 825039. On nostr since 789374. Bitcoin Class of 2017.

Perfect for orange-pilling some British and Europeans.

I've seen memes around, but would be interesting to have a geographic-based infographic comparison of banking infra downtime with such examples and its impact vs Bitcoin...

Welcome!

Be sure to get a lightning address and link it your nostr, so you can receive zaps!

The little shit opted out...

You can too.

#Bitcoin

The normalization of Influence over the population by way of "influencers", kills critical thinking.

They had to due to their own laws. Still a messed up move that will haunt them in the years and decades to come but it's just another example of the traditional system being... Traditional in the information age.

Quick primer on how to easily spot shitcoinery scams.

a) The shitcoin calls itself "decentralized", but assigns block confirmation to be well under 10 minutes.

The chain will only work as long as it's actually Centralized.

b) According to the shitcoin documentation, "an error was made in the GetBlockSybsidy function, which is responsible for calculating the reward payouts for mined blocks. This resulted in a deviation from the established block reward scheme." In other words - A likely excuse for a pre-mine.

c) This shitcoin has Unlimited supply to prevent "deliberate removal of coins from natural circulation in the ecosystem and make up for lost wallets on hard drives/phones/lost encryption passwords/etc". 🙈🙉🙈

PSA:

Michelle Weekley is at it again.

If you haven't been hit yet, there's a wave of BS about a Bitcoin core dev identifying as transgender and that being antithetical to Bitcoin.

Steer clear of the noise, it's all BS. Your sats are safe, everyone's fucking happy.

Move along.

Absolutely, I do get that, but what's being discussed here is precisely longevity of services when they put themselves into a position of having to succumb to regulatory pressures. Bitcoin as-is fixes this through and through, yet there are exchanges today decide to stick to the old ways. I think it's pretty clear you don't need to know everything in Bitcoin to understand that if a solution to such problems presents itself you should probably build on that rather than having this ongoing in-and-out cycle of "Exchange apologizes to users, they fought long and hard against KYC and you should now consider yourself doxxed and tracked".

You had years of looking at how other exchanges did it.

You chose stakes in fiat, instead of a Bitcoin P2P foundation when your whole business revolves around Bitcoin which allows for P2P, global transactions regardless of the who or where. You could offer a permissionless, open service with amazing UX. Be sovereign. Instead, you'll likely always be at the whims of your fiat masters.

This KYC push was just an initial step for them, and it set a precedent. As we've seen in the past they will pressure you until you're snuffed out.

I am Bitcoin-only, I don't shitcoin and don't even have an avid history with it, but there's a reason the shapeshift exchange is still around today. Years ago they faced the same issue, and realized they had to build into their backend a P2P option. Their exchange went offline for a good few months IIRC, but that downtime allowed them to rebuild, and nowadays they offer both No-KYC and KYC options - This to say, it always stuck with me how this allowed them to take control of their own longevity. No matter how much they have to swap around KYC providers (by being blocked off, or regulatory pressure, or otherwise) their users always have an option, and they will remain in business. Is it infallible? No no, they're not open enough for that. But they're in a much better position to be if the time came.

"Yea I get the whole idea of #bitcoin I think".

The clear uncertainty in what you type shows a lack of understanding when you say Bitcoin needs regulation - It doesn't because it's self-regulating - Rules with no rulers.

Replying to Avatar binsky

Everyone keeps complaining about how nostr:npub1sqzr42dj8vx32yd5jcvvl3ytux45kl0etgf6y2ymjvmd7lqmuwmqk9vk7v has to implement some form of KYC to be able to keep operating under the Swiss law.

While I’m not a huge fan of KYC either, I believe it’s a necessity to keep a business running (of course) and to get #bitcoin to the masses.

In my opinion Bitcoin should be regulated in some way at least. Otherwise we’ll never have mass adoption.

Ofcourse there are still other ways to stack sats, but I don’t have any experience with them. I might check them out some day…

I like ease of use, good customer service and a respectable team. In my opinion, as a European Bitcoiner there’s no better service out there (yet?)

I’ll keep using Relai for now.

But you do you.

✌🏻

#bitcoin #btc #kyc #relai #relaiapp #buybitcoin #stacksats

"Ofcourse there are still other ways to stack sats, but I don’t have any experience with them. I might check them out some day…"

Then I don't think you have a good enough of the big picture to really say "it's fine".

Let me paint you a picture instead.

If exchanges were built on a Bitcoin standard, they would remain sovereign - Services offered to users regardless of who they are, where they are. I mean, the fact that Relai only added Bitcoin to their balance sheet recently, should've been a clear sign.

If exchanges are not built on a Bitcoin standard, they're inherently discriminatory when you put them side by side with the ethos of Bitcoin and what it allows - P2P Global transactions.

So Bitcoin comes along, allows for this fundamental shift, and yet these exchanges come in and decide "let's do what we've been doing for the past however many decades instead". The clear reason is high stakes in the fiat game.

The exchanges that WILL survive long-term will be P2P exchanges with open source code that are permissionless and no one can stop.

Because they're fully open, could bad actors take advantage and host their own exchange? Absolutely, and is exactly why would-be GOOD actors should be at the forefront of offering such services and making a name for themselves via reputation.

If Relai or any other KYC exchange translated the time and energy they dispense into the fiat world, into PoW for the best damn UX in the P2P market, they'd be gold.

This is why Peach is a close-contender - Unfortunately their backend isn't open, but the fact they're fully P2P ensures their longevity and sovereignty to operate their service with a damn good UX.

Personally, I see Robosats eventually taking the cake due to decentralized coordinators.

If after years of history with hacked exchanges, exchanges sharing PII with third-party providers that then become honeypots, exchanges SUING their own users, or chainalysis tracking exchange addresses you still don't see the problem, I really don't know what to say. But that's fine. Neither did they. Good luck!

FYI, #Relai is now full-KYC.

They're trying to spin it as a positive, "Level Up" - It's positive that they "remain in business". It's a net-negative for the majority of its userbase that were no-KYC. I mean... I sometimes ask myself, after all these years,h ow much longer will we have to go until people understand why no-KYC, and why these companies are fiat-first companies instead of bitcoin companies. They've just shot themselves by being a fiat-first company.

But most of many of their users are already invested... They'll likely remain afloat until they're centralized nature gets to them.

nostr:nprofile1qqsrf5h4ya83jk8u6t9jgc76h6kalz3plp9vusjpm2ygqgalqhxgp9gpr3mhxue69uhkummnw3ezumt4w35ku7thv9kxcet59e3k7mgpzemhxue69uhkkmr0vd4k2mn8vyh8xmmrd9skcqguwaehxw309ahx7um5wghxy6t5vdhkjmn9wgh8xmmrd9skctylktc Do I recall correctly that there is currently no way to remove watch-only wallets?

Lastly, are these configired against LN nodes specifically? I added an incorrect watch-only, uninstalled and reinstalled Zeus and.. It was still there. Any tips on how to remove it node-side(LND)?

I moved my arch installed to systemd-boot.

I've gone an entire year without updating one of my test servers, and months on other test machines.

My go-to is always the same and has worked everytime - Update the keyring package alone prior to any other updates. Flawless.

Replying to Avatar corndalorian

Been thinking about this.

Potential solution:

- Build nostr-based website platform to manage GIFs (perhaps building off of npub.pro?) along with API.

- Upload GIFs to nostr-based hornet-storage-enabled relays.

- Clients integrate GIF-searching/selection via API calls.

Could potentially work 🤔

And I wonder whether an API would even be needed, but unsure how we'd call/search that data on nostr without an indexing platform.