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It's a tradeoff of supply-audit-design that is essential.

Privacy, while being one of the most important aspects of individual sovereignty, doesn't solve the problem of inflation debasement and centralized control of money issuance.

As stated in the Monero page above, Bitcoin solves this by providing an immutable public ledger that is currently the most secure decentralized network.

We have proposals that are pushed such as Bolt 12 that tackle the anonymity problem. It is not a a clearcut failure as monero folks push it to be while ignoring the other aspect of this.

Thanks for the link – a good post.

Though I didn't find anything there that suggested that bitcoin is corruptible as it currently stands. We have a leadership problem that could be potentially exploited, and it is good that we are discussing these things now.

As for me, I vote with my node and hash power.

What I dislike is when folks downplay Bitcoin and cheer for monero; these are two different beasts with different directions and tradeoffs. I own both and appreciate both.

Ok there, hold on. Now #bitcoin is American, just like Coca Cola? Isn't the US law responsible for imprisonment of many bitcoin devs? Isn't it the first in line trying to kill the FOSS ethos? Why do you, Americans, have to make everything about USA? Bitcoin was made to demolish statism through separation of state and money issuance; the only thing USA has had going for it since Breton Woods.

Great work. Looking forward to implementation of receievd capability.

One thing though, I wasn't able to pay the human readable address, had to use the string.

The problem we have is not privacy: after all, we have cash that fulfills the problem of privacy. What we need is to separate the state from the money issuance. This is a much bigger problem than not being able to buy drugs online. A MoE that is incorruptible by the state fulfills this premise.

Well..,who Gabe thought. Another libtard community platform.

You are what you repeatedly do. Excellence, then, is not an act but a habit. - Aristotle

Everyone is declaring victory over deep state and it is just funny because it seems nothing can stop statism except mass adoption of agorism through bitcoin.

Power that are will always use trickery and social engineering to fool the masses into yet another epoch of enslavement.

Replying to Avatar Carl B Menger

I have yet to share my personal #Bitcoin journey, but I believe now is the right time to do so. It marks the beginning of my descent into the Bitcoin rabbit hole and, much like the Bitcoin White Paper itself, my story is closely tied to the financial crisis of 2008.

This account is deeply personal, laced with self-pity and a sense of stupidity. That's why I've kept it private and not even shared it with my closest friends, but I think it's important to share it now with you. Giving back to a community I received so much in the previous years. All too often, those who fall victim to the shortcomings of the fiat system internalize the guilt, unaware that they are being taken advantage of by a corrupt fiat system.

My parents, hardworking individuals who dedicated their lives to building their own business from scratch, had little time to acquire financial education. In the early 2000s, they were advised — like many companies and individuals in Austria — to finance their company/house with a Swiss franc loan. The arrangement was complex and opaque, involving multiple loan accounts and significant commissions for both the bank and our financial advisor. My parents, trusting the system, unknowingly became entangled in a speculative gamble, exacerbated by the euro's introduction and the franc's relative strength over time. It turns out that debt in a strong currency and income in a rapidly depreciating currency have only one outcome: Default over time.

As a result of the financial crisis of 2008, the Swiss National Bank could no longer suppress the upward pressure on the franc in 2014 and the fallout was inevitable. Overnight, my family faced a substantially larger loan burden than initially anticipated, to threaten us to file bankruptcy and lose everything we worked for in the previous decade. This devastating turn of events — driven by corrupt banking practices and greedy financial advisors — left an indelible mark on me. As a young man, witnessing my parents' hard-earned savings and efforts eroded by a system they trusted was enough to cement my distrust of financial institutions forever. At this point in time I made a promise to myself: Trust no one, educate yourself and verify.

A few years later, I discovered Bitcoin. It clicked immediately. Here was a decentralized, incorruptible solution to the very problem that had caused so much pain for my family. Bitcoin represented a chance to opt out of a fiat system riddled with perverse incentives and predatory practices. My family's experience — our suffering under the weight of a corrupt financial system — motivates me to advocate for Bitcoin adoption. For this reason, I will never trade my Bitcoin for fiat currency ever, no matter the fiat price. It represents more than wealth to me; it’s a symbol of resilience and justice, a way to honor the sacrifices my parents made.

Looking back, I am almost grateful for this painful chapter of my life. It woke me up and set me on a path I might not have found otherwise. Many people experience similar losses at the hands of the fiat system without even realizing it because the theft happens incrementally, through inflation and hidden costs. Fact is, that honest, hardworking individuals are being robbed every day — second by second — by a system designed to erode their purchasing power over time. Like my parents, but more gradually.

While it’s exciting to see Bitcoin’s fiat price increase, that is not its ultimate value. Bitcoin represents so much more. And I know, many others who HODL Bitcoin not for fiat wealth but for deeply personal reasons — reasons rooted in justice, independence, and freedom. For those of us who have been wronged by the current system, Bitcoin is not just an asset, it’s a revolution for a better future.

Yours forever thankful, Carl. 🧡

I remember that day when CHF depegged from EUR overnight. So many got fucked by this move. Thanks for sharing and being part of the bitcoin revolution. Onwards!

Pi is closed source. Trying #Krux as the hardware is open source there. Though it's slightly harder to pull through.

A bitcoins since 2009 needs more lol

Just finished setting up #Bitaxe #Supra. I must say it's quite loud even at 50% fan. I really hoped it would be quiter.

It is choosing between two poisons. And they make it seem like it's such an easy choice.

Why can't we have a choice that is not tied to either pro-west or pro-russian outcomes? Why are there no politicians that declare such course?

It is imperative for small nation states to declare their independence from having to take a side in this. Forcing to take sides is prevalent lately, even Switzerland was pressered to choose a side and jeopardize its neutrality.

Best government is the one that governs least.

It seems absurd that some figures pushing SoV narrative for #bitcoin intentially leave out the fact that bitcoin was foremost a tech that cut out the intermediaries. In fact, by solving the Byzantine General's Problem, the need for centralized models is left behind; those still pushing these outdated models are malaign or just too stupid.

Running personal/private relays is one of the least understood things in Nostr. Maybe more accent should be given in showcasing the different approaches for private/public relays.

I lived right in the centre of Amsterdam for two years, and I can confirm – you grow out of it. Especially with the English tourists pissing and puking all around.

Peach Bitcoin or Robosats for non-KYC.

I have enabled the internal TOR and, to my surprise, it has no latency deterioration.

Excellent work.

The antithesis is that Bitcoin is still considered a risk-on asset class in the conceptual framework of TradFi world, snd this susceptible to risk on/off flows.

Every step is a small fall.

Tread lightly.

Because it's universal. Anyone can build / use it.

It can't be in its true sense: used for adversary exclusion.

It was born to be weaponized.

It's more nuanced than a coin went up. I gave you the reason why DOGE went up and tried to explain why one can't draw analogies based on that.

FWIW, I own and use monero too, I just dont cheerlead for it at the expense of Bitcoin because Bitcoin's proposition is not just privacy – anyone with honest attitude can comprehend this simple truth.

You can buy whatever you want, no shame in that. But you can't cheerlead an alt without looking desperate.

Bitcoin is not just about privacy, it's more about printer go brr. If you, the monero cheerleaders, can't grasp your heads around that, there's nothing to be discussed further.