Due to recent events I’ve decided that I need to up my non-KYC #Bitcoin game!

The entire developed world tax apparatus that was built in the 20th century and extends into the 21st century depends on ubiquitous financial surveillance.

They are not going to give that up without a fight. I have been saying at a number of conferences and podcasts that privacy is the main battleground for the next decade.

Back in the 19th century and before, money was mostly private. There were plenty of dictators but there was no major method of surveilling all transactions. Therefore things like broad income taxes were untenable to enforce.

But in the 20th century as money increasingly moved around at the speed of light, people needed bank accounts to keep up. It wasn’t all forced on them; they chose it. And those bank accounts were centralized, surveillable, and ruggable.

This allowed authorities to switch to income taxes, which require ubiquitous financial surveillance to work. And ultimately it allowed them to switch to fiat currency altogether.

Now in the 21st century, Bitcoin and its various layers allow people to hold and move around money globally without permissioned banks. They can do so peer to peer, or they can do so with custodians and open layers, etc. Unlike the base layer of fiat, the base layer of bitcoin is permissionless.

But this represents a threat to the entire current system of taxation and financial control. If bitcoin and particularly various private methods on top of it were to be adopted at massive scale, the entire tax structure and other things would need to reshape themselves around that reality. And so they won’t make it easy; they will try to criminalize financial privacy as much as possible while the network is still pretty small.

The only solutions are to 1) make privacy tech so ubiquitous that it can’t be isolated and can spread organically in a distributed way and 2) to apply legal pressure when possible so that governments sort of have to operate within the bounds of their own law, like the 1st and 4th amendments.

I fail to see what any of that has to do with docker.

Though it's true that mining centralization is a problem especially with so few block template providers. hopefully stratum v2 can help on that side.

I don't know of a machine that can profitably mine Bitcoin that can use docker. They are generally on an OS that's specific for the ASIC that's running it.

I don't think the economics of scammimg work out in the end because it's ultimately value destructive but short term shitcoinery isn't going anywhere

I fear you are correct anon

#asknostr

Do you mine in a btc pool?

Like if yes!

#asknostr #btc #bitcoin

How to live in an inflationary environment?

I am trying to figure this one out for myself.

I know that bitcoin preserves my wealth/value. But this means, the current value I save, I will have later.

But buying bitcoin does not solve the problem that the buying power of salary is also decreasing. Meaning that this year's yearly salary will buy me less stuff, than my previous yearly salary. I have to basically work hard to get as much salary increase at the end of the year to match my buying power to last year's. If possible...

Also I will be able to buy less bitcoin with it.

My current opinion is, prone to change, that I shall buy bitcoin continously, and if I spend later enough my btc, that I bought previously, it will even out my salary inflation decrease, or even make me at a better position.

What do you think? What is your take?

#plebchain #coffeechain

Bitcoin's ROI over the last decade has been 1.23 Orders of Magnitude more than the ROI of the S&P500 Index. That's how it is a hedge against fiat-denominated currencies like the USD.

I can’t watch it. It is blocked in the US.

#DANSTR

This article should be a 1 second read that has one word in it: #Bitcoin

Freedom is an essential right, no matter who you are and where you live.