read this long tweet
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You probably dont need a hardware wallet.
a Pixel6 with Graphene on it is an easier setup you're less apt to fuck up.
its also not recognizable as a signing device,
which is a big bonus.
and you *certainly* dont need HWW from litigatious assholes who arent even open source.
its just more of @NVK and coinkite being statist asshats
and the community giving them a pass because @ODELL and the influencoors continue to endorse them
we put the *free* in FOSS
because intellectual property is a legal fiction.
he has to get a fucking helmet and quit sucking statist cock to give him an advantage
excuse my profanity
You can just use a pixel with graphene OS installed
Maybe a seed signer In a multi-sig combination
Secure
and it doesn't scream "I'm securing private keys"
Signal is one of the most looked-at open source projects there is.
There's not a fucking back door.
They do see who you are talking to and when.
So keep that in mind.
but its great for avoiding dragnet surveillance and getting normies off of plaintext texting.
cc @4evangeli0n
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This is your bull market reminder
that you are *NOT* living on a Bitcoin Standard.
As long as prices are denominated in US dollars
the USD is your unit of account.
you can break your brain dividing the price of a everything by 89k to find sat equivalent price
and the USD is STILL your uoa.
its a good thing to. kinda cute and a step in the right direction.
but its got fuck all to do with changing the Unit of Account.
i can sell weed for propane
and not touch USD at all,
but as long as the quantity of weed
exchanged for the quantity of propane
is decided by the relative USD value of those things,
the USD is the Unit of Account.
That doesnt change until communities start pricing goods and services *directly* in their preferred currency.
ie without regard for the supposed fiat "value"
UoA definitely does NOT change because you do division.
It should be self evident and obvious to every Bitcoiner,
that dividing the fiat price of goods or services
by the fiat price of Bitcoin,
is a *fiat measurement*.
def keep stacking.
there's a lot of confusion about what UoA actually is and isn't.
I'm not saying there's anything wrong with bitcoin (not here anyway ;)
Just that there's something wrong with Bitcoiners 🤣
And some otherwise intelligent people fail to understand unit of account
get pissed off and defensive when you tell them that they can't just do division and change it
looking at you
@utxo the webmaster 🧑💻@atyh@node
since hodlers do not pay for securing the network
hodling is not "using Bitcoin."
Users pay tx fees and contribute to network security.
i fight for the users.
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Owning or doing anything incurs opportunity cost
There is no other human activity or asset where we call simply owning and doing nothing with it "Using"
Owning a stock or a commodity or a piece of land somewhere
and doing nothing with it is a speculative investment (ie it restricts the supply!)
its not a use of the thing.
*Particularly* since Bitcoin has security needs
( Which is the only reason it's valuable anyway )
but the holder doesn't contribute to those.
Nowhere else would we refer to this as "use"
Well
the first thing is that my USD transactions arent visible to anyone with a block explorer
but sure
if central banks just give up running the world and go away peacefully (lol) the world would be better on a bitcoin standard.
in actual fact however,
self-custody would be criminalized and we would be using paper bitcoin. only the elites would actually touch the chain and nothing would be very different.
except everyone could easily see if you moved a UTXO of course.
nah
I think the chances of regulatory capture increase with the government acquiring a strategic reserve and supposed "pro Bitcoin" legislation.
where we are going
laws arent going to help
its that incentive for capture increases in proportion to institutional adoption
the bankers and the rent seekers arent going to go peacefully
and they have leverage over what the legislation is and how its implemented
I'm not gonna say this guys takes are ALL bad
but its pretty close to 50/50 😒
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because one of the tenets of Anarcho-capitalism is that people should use a transparent money system to prevent them from doing "shameful" things
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And I'm sure it could never happen that groups of people would get together
and use available financial information to
establish dossiers on other people,
and then use force to leverage that information to their advantage
that certainly never has happened in history before
what could possibly go wrong?
explain how you know this please.
in fact
please explain how ANY end user can evaluate the privacy guarantees they achieve in a specific LN txs
I'll wait.
because you cant and your statement isnt based on anything but a theoretical
"an L2 could *maybe* be more private because of no on-chain footprint"
sigh
it isnt XMR denominated when you take the USD value and divide by the USD price of Monero.
Thats still a USD UoA.
Thats the whole point of what Im saying.
yeah i get it
and those prices are denominated in USD
which is why usd is STILL the UoA
that doesnt stop until we have circular economies that don't touch fiat
UoA IS NOT the medium of exchange between two parties.
UoA IS the base currency prices are denominated in.
people are consistently confusing those two things
and the difference matters.
It's a step in the right direction for people to use a different Medium of Exchange,
but it does not effect the underlying unit of account.
People can transact in bales of cotton or barrels of oil
But as long as the *amount of cotton or the *amount of oil is decided by the USD equivalent value of those things,
then the unit of account is still USD.
If the point is to hide your IP from relays
then running your client through a VPN
and then through tor
(or vice versa)
is redundant and unnecessary.
maybe there are other reasons to do so
but thats the usual idea.
the main difference is that a VPN is a trusted 3rd party
TOR Isnt (mostly)
so if you have reason to doubt your VPN
or are doing high risk activity,
definitely use tor.
but many people are betting that the mullvads and ivpns etc are secure.
not sure what you mean about configuration problems.
I'm guilt of the drifting attention too for sure...
certainly aware of the free rider problem,
but everyone is always talking about mining incentives and the window shifts to what the dominant narrative is 😕
its a great explanation, thanks.
>> everyone tries to become one of the people that doesn't pay and then eventually there's not enough people paying for the thing to keep existing to benefit people
*Everyone* tries to avoid spending.
On a capped network everyone will ALWAYS try to avoid spending and hodl for as long as possible.
There is no incentive to spend because everyone assumes that their buying power will increase as time goes on
you Maxis are talking about it all day long.
The only thing pushing up transaction fees for the last two years have been people shitcoining on the network
In the absence of a block reward
only people who use sats for goods and services provide security for the network.
hodlers ride for free.
Since there will be no new supply,
everybody wants to hodl.
nobody wants to exchange for goods and services.
But since it's transactions that provide security,
On a long enough timeline
security goes to zero.
Notes by Kanzan | export