There are only 2 ways to scale Bitcoin: you either upgrade it, or else create monetary inflation through useful forks that serve a designated use case.
Essentially, the entire crypto market is Bitcoin’s experimentation layer & consists of stuff that could have been built on Bitcoin.
In a perfect world, there would be no “privacy coins” & no blockchain analysis industry: Satoshi wanted privacy, Hal Finney famously tweeted about trying to make Bitcoin more private. But somewhere down the line the “Bitcoin is transparent” narrative prevailed because it makes more people trust the system.
It doesn’t have to remain so. Bitcoin without confidentiality is a panopticon and every authoritarian’s wet dream. Time to get better!
Give me your bitcoin and go to buy monero instead 🤣🤣
iF YOU OWn otHer CRyPtO you can'T own bItcOIn
cHEckmatE VLAd
Bitcoin is auditable and that's a key property. Bitcoin is also traceable, which is critical for sousveillance i.e. monitoring the transactions of powerful people. This isn't possible with the first system, but Bitcoin makes it possible.
Privacy tech, so far, has traded off sovereignty and auditability in favor of privacy, but those other features are critical for broader adoption and maturity.
People must be able to choose if they want to store their value publicly or privately. It has to happen.
May the fork be with us.
Privacy is a cat and mouse game
nostr:nprofile1qqs9qp2dql3vmuetzq6hw77eeaeej2j2ughers22wch0m2jm7c05w4g7fd4xj is a great Bitcoiner, his podcast is very informative, he knows what he is taking about and isn't afraid to ask the hard questions. You should listen to him.
nostr:nevent1qqsgstdsr5hfmjnfpwg2f29kp675exdyr2rntsxtdlsm3xe28mmn79spz4mhxue69uhhyetvv9ujuerpd46hxtnfduhsygzsq4xs0ckd7v43qdth00vu7uue9f9wytu3c998vtha4fdlv86825psgqqqqqqs83ar6c
Vlad install Garnet here on nostr so you get monero tips
You can also just include a Monero address somewhere on your profile and Garnet users can one-click Monero tip any of your notes (if you don't want to use Garnet)
Oddbean new post about login | logout 