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₿ a threat through good works Bitcoin Purists OnlyZaps Activate!

128-bit functional privacy, your control.

#bitcoin #nostr https://modulo.network/# #modulo.network #physicalprivatekey

#bitcoin lets you expand your local economic circle to the world.

Use your bitcoin and buy from other bitcoiners.

It’s an interesting angle, forcing advertising companies and trackers in general to pay for or limit what they collect, but how would one enforce that, particularly if the company is offshore, or discerning and validating which participants consented vs. which didn’t.

Privacy is a pinnacle state, and I see it as naturally unstable. Privacy must be actively maintained. That said, I recognise people freely give it up to obtain something else (transactions, convenience, information, experience, etc.), and do so in thoughtless ways.

Here’s the special thing I particularly like about bitcoin: #bitcoin is the world-changing technology that doesn’t require giving up privacy for convenience. So let’s keep supporting and building privacy preserving tools for people so they can access bitcoin (and digital space in general) with privacy built in, in addition to fighting on other fronts as you describe (clamping down on advertising and tracking.)

Better—a new key through assembly, in stainless steel.

Store your private key securely offline—your progeny will write songs about your wisdom.

#bitcoin #nostr https://modulo.network #modulo.network #physicalprivatekey

I must visit this valley sometime soon. Not too far away some times of the year.

Must not work with nasty dirty natural gas-electricity.

That is a very discerning machine.🤣

I went down a different path of “if necessary”, but it underlies your question of ownership and value. Paying for the value as one would IP is an extension of the value transferred in a transaction. The less you know about the counterparty the more you will require in collateral or return for the credit risk.

The need to exchange personal information comes from incomplete transactions where credit is extended and debt comes into existence. All parties need to know each other sufficiently to extinguish the debt. Information needs to be sufficient to ensure the debt is settled with the correct person, and conversely, to find the person should the debt not be paid.

There’s no difference between P2P transactions than a loan from a bank. Yes, a bank takes as much information from you, but you know everything about the bank, too. Information is the nature of an incomplete transaction whether a loan or a deposit.

Does a bank need to know the source of your funds? Of course, not, but like having FDIC insurance in the USA, or simply a vault to hold cash, KYC is a requirement for doing business as a bank transacting in American dollars. But this is not about KYC, it is about personal information sharing requirements.

I know you probably thought my next line: bitcoin fixes this. Bitcoin’s instant transfer of value allows closure of transactions in real time. If for some reason, the transaction is purposely incomplete, such as prepaid rent or utility bills in an arrears, the need to exchange information can be reduced but not eliminated completely by using time locks with one of two multi signatures.

But again this is a function of incomplete transactions and the need to know how to recover one’s value in case of default still exists. One can avoid all of this by not using the dollar system, and not taking on debts/extending credit.

Out of the blue, “Well, it ain’t rainin’.”

Made my day.

Breaking ground on #nostr

nostr:note1tqazt3w6v3cmhx4y5yfm9anl09tvvx34hntgk74jnw67jp7n4cns2t3ejw

How safe is the area, and is it small where everyone knows each other or a metropolitan area?

Also, when educating locals make sure to take the tough path and bring them on with self-sovereign education first (own your keys,) and when lightning is introduced they understand they need to hold their keys for that, as well.

Great question—Thanks for asking! Yes, make your key offline for security, and no, you don’t need to be online to do it. I differentiate between the key and the seed phrase.

You make your 128 (or 256) bit private key manually and completely offline. You will need to touch a computer to #bitcoin (make receive addresses, sign transactions), and at that point you can make a checksum. Why do you need a checksum? Primarily to prevent mistyping the key’s seed phrase, and it’s an input for HD wallets. As you are already entering your key into a computer by that point, checksum is just part of the process.

The good news is you can do all of this offline by severing the internet from your calculations—there are a number of tools for this.

TL;DR is anything you do beyond key generation requires a computer

Binary, precise and secure.

Set your private key in one step using physical entropy, offline and without technology.

#bitcoin #nostr https://modulo.network/# #modulo.network #physicalprivatekey

Secure your bitcoin with offline physical private keys you generate.

128-bit stainless steel key starts at $89 (+10% for dirty fiat) including case.

Buy two keys and get free shipping, but only until the 16th of this month.

#bitcoin #nostr https://modulo.network #modulo.network #physicalprivatekey

Finally a bitcoin key made offline, doesn’t evaporate, catch fire, explode, expire, need a firmware upgrade, or get ruined by a random neutrino passing through space. Control your key, feel in control, easily.

#bitcoin #nostr https://modulo.network/# #modulo.network #physicalprivatekey

Have had a single ping yet.

Does bitchat notify you when someone’s nearby when the app isn’t on top, or when it’s closed!