Do you have the HMRC equivalent information please😬?

Liquid Network

Liquid Network is extremely undervalued. People are still thinking about coinjoins and arguing among themselves when they have a much cheaper method.

Remember that transactions on Liquid are confidential, only the signer of the transaction and the receiver can know what amount has been sent, for them Borromean ring signatures are used.

Manual for Dummies:

- You make a peg-in of the amount you want to anonymize, if you have an elements node (Liquid node) or use the decentralized Exchange Tdex the cost will be only the cost of the chain transaction, if you do not have any of the above available you can make a peg-in with sideswap for 0.1%.

- Once you have converted your btc inside Liquid to L-BTC you make a peg-out with sideswap, do not make a peg-out of the same total amount that you have made the peg-in and try to space it in time if there are several. The cost of the sideswap peg-out is 0.1% plus the fee of the chain transaction.

One way to avoid also performing the peg-in is to buy L-BTC directly for example on Bisq.

In the best case, the whole operation will cost you the fee of two blockchain transactions and 0.1% in the worst case 0.2% plus the two blockchain transactions, I recommend you to set up your own node elements or use the decentralized Exchange tdex to perform the peg-in without permission and avoid that 0.1%.

When you make a peg-out you receive btc that are retained in the federation, the allocation is random, so seen from the outside, Liquid is like a classic mixer but without centralized custody as it is federated, your coins enter the federation and when you leave with a peg-out you are given other coins that are not your initial coins thus breaking the heuristics of your initial coins.

All this is done without any KYC, you can increase the anonymity using tor or a vpn in sideswap so that there is no trace of your ip.

The point is to stay solvent in the next few years without needing to rely on your bitcoin stash.

If you manage that, you'll emerge as a sovereign individual with generational wealth, and have a chance to integrate with or shape the new economic paradigm.

If not, then your stash will get you through, and you'll start over with zero instead of negative, which is still something I guess.

It's likely that will be a similar paradigm shift to post WWII, with widespread poverty, rationing, and other challenges. I don't think it will be a dystopian apocalypse but it will feel pretty rubbish in the western world not used to such a rapid drop in comfort levels.

I'm thinking about how sovereign individuals helped to build society in previous generations, in particular the landed gentry and the new industrialists on both sides of the atlantic in the 19th century. It's Andrew Carnegie's "gospel of wealth" and the Lord Shaftesbury types in Britain.

Bitcoiners are already getting started with these kind of projects, but it's something to think about as we enter an era where food, clothing, and shelter will be far more pressing concerns that yachts and lambos. We're having to grow up fast, the age of 69,420 memes is passing and the age of bearing responsbility for the future of humanity is almost here.

PS - Generational wealth may not mean a dragon's hoard, but simply having something in your hand to pass on to the next generation, which they in turn can build on, care for, and pass on again. Generational wealth itself implies training the next generation on the responsibilty that comes with holding, but that's a whole nother story for another time.

#Bitcoin

Guess they weren’t spooks after all

For Samourai users

Privacy is not a crime.

But apparently if you dare to earn money by helping others improve their financial privacy, that's a crime. 😐

I do

All of us are criminals by those definitions.

The reality is: we are not criminals. Government has always been, is right now, and will always be the criminals. They confiscate arbitrarily, they tax arbitrarily, they create wars arbitrarily, they impose their will arbitrarily, and they finally exterminate millions of people arbitrarily.

Gov is a cancer. Share this knowledge. It's vital for our near future survival.

The lightning channel opening and closing transactions should be a coinjoin.