We beat it last time.
Chat control was beat. This can be too. Contact your MEP, let them know this issue is important to you: https://www.europarl.europa.eu/meps/en/home
Bitcoin wasn’t down. Hasn’t had a single hour of downtime or hack since it started 15 years ago in 2008. No bank holidays. Clear and transparent supply, 100% open source code. Not run by any single government, corporate board, or CEO. Sends money across the globe in under a second for pennies in fees, all you need is a phone. Powerful stuff.
Bitcoin uses <1% of global electrical usage, mostly from renewables since miners must chase the cheapest electricity and renewables at off-peak times are it. They turn off during times of peak demand since they can’t afford higher-priced electricity. How do you think that compares to banks? Remittance services? All the infrastructure used to move money from point A to point B? It takes energy and even more valuable: human capital to move value around.
For reasons why Bitcoin isn’t a huge waste of energy and why it actually helps stabilize grids, increase efficiency, decrease electrical costs, and subsidizes the provision of new renewable infrastructure, see https://endthefud.org/
Cash: continues existing, providing simple, privacy-perserving, anonymous payments for the population
Governments and CBDCs: “And I took that personally”.jpeg
Gotta love to use a currency with that fluctuating value. /s
When I pay for a coffee and the shop says that I paid the equivalent of 5 cents. Then, I pay the rest and all of a sudden: I paid the equivalent of 100€.
How has your USD or EUR held up the last 5 years? Buys fewer eggs than it used to huh? Bitcoin has held up pretty damned well. Its price has gotten more stable with time, it is more stable than most national currencies already. Stability is a reflection of scale. Need perfect stability? You can use Bitcoin for payments while receiving and sending in USD or your currency of choice, just use Bitcoin as the settlement layer. Strike already does this in like 20+ countries with instant settlement times thanks to lightning. And no fees.
Fiat currency is guaranteed to lose value over time. Central banks set a target inflation rate of 2-3% per year. Bitcoin may gain or lose value over time. Choosing between a guaranteed loss of value or a potential loss/gain in value, the choice is clear for me. For 15 years in a row, holding BTC has been a better investment than holding USD.
So, you agree that it’s not anonymous?
It’s pseudonymous, with proper use, you can achieve a great deal of anonymity with it, especially now that lightning and coinjoin are things. Monero does most of that automatically, so if you want hard anonymity the easy way, use Monero. Bitcoin’s privacy continues to increase with time and is a priority for developers. An auditable supply is also crucial.
ahh yes crypto, where every single transaction is kept on a permanent ledger, truly a bastion of privacy unlike this dollar bill that may or may not have been used to snort cocaine or put in a strippers thong.
A ledger which is pseudonymous. On Bitcoin lightning, your transactions don’t go on (but are secured by) the Bitcoin ledger. Monero offers even more privacy.
“Crypto” is full of scams, you’re right about that. Bitcoin has been around for 15 years. You can use it to send money to anybody on planet earth with a phone in under a second (with lightning) for pennies in fees. It has a transparent, auditable supply. It has done this function without a single bank holiday, hack, or hour of downtime since the 2008 financial crisis, through a pandemic, wars, and attempted bans by nation states. No country controls it, there is no CEO and no board, it runs according to an open source protocol.
Bitcoin has a market cap bigger than Sweden’s GDP, currently around a trillion USD which places it in the top 20 countries by GDP. On average, every year it grows no matter whether you are measuring market cap, number of nodes, number of transactions, volume of money moved, whatever. It processes millions of transactions and moves billions of dollars of value a year. On nostr alone it has processed 2.9 million transactions over the past two months.
Bitcoin works. It’s been working. People all over the globe use it as a currency, as an asset, and as a payment method.
GNU Taler is worse for privacy than cash in many ways and intermediaries all your transactions. It’s funded by major banks and the EU, the same EU that wants Chat Control. The money in it “expires”. It’s a backdoor for a Central Bank Digital Currency, which is some dystopian shit that will enable total financial surveillance and control. https://lemmy.ml/post/17733761
#shopstr is a growing alternative which uses nostr for posting instead of Facebook. Unfortunately not as many people but I always check there first and list there preferentially. You can use any payment method with is but most people use Bitcoin lightning, which has some privacy pros and cons but certainly more private than Facebook.
With whirlpool going out of biz, what coinjoin is there for btc?
There’s plenty for anybody who want to research. Coinjoin is a technique.
Doesn’t work when mempool fees are high
LN is disconnected from mempool, that’s the entire point of an L2. Your transactions don’t go on chain or in the mempool. Main chain secures the transactions, lightning stores the transactions. The main chain only stores the start and end balance of a lightning channel, that’s it.
Most people are forced/nudged into using custodial wallets
Their choice, some people will always prefer custodial options no matter how easy non-custodial ones are. LN works fine non-custodially, that’s how I use it. You move money from L1 to L2 in a single tx. Now you have a lightning channel that can have functionally unlimited transactions in it between you and anybody else on lightning. Transactions confirm in a second for pennies in fees.
LN was not designed to be a privacy tool. Bitcoiners tried to shoe-in that it is also a privacy tool
Privacy continues to enhance, look at the Bolt12 upgrades for example. But I agree, and Bitcoin can’t hold a candle to Monero’s level of privacy.
You can’t outsmart supply and demand, period. No government ever has or ever will. Rent control doesn’t work, every economist agrees.
Rent control privileges existing tenants over new ones and doesn’t fix the supply problem. It incentivizes landlords to constructively evict tenants so they can re-rent at market rate instead of capped rate. Boneheaded policy which makes dems look bad. Voting for Biden but this is a dumb look.
You could buy more from places that support Bitcoin lightning or Monero, which gives you a lot more privacy. You can buy gift cards online with those currencies and then spend those gift cards at major online retailers.
For passwords: Keepassxc (local) and bitwarden (cloud) are great. Keepassxc can be put into a syncthing folder for multi-device access.
For crypto: get that shit in a multi-sig wallet ASAP. You don’t want to be one compromised key away from losing it.
If you are an American and care about privacy:
This just makes me like AOC even more
It is nonsense that courts can require an online platform to host content from somebody they don’t agree with, this is compelled speech. And we’re cheering it on because X is seen as a political opponent. It sure will be fun when the shoe is on the other foot and courts are thinking they have some right to force lemmy to host or not host certain kinds of content that doesn’t agree w the new party line or is “misinformation”. “COVID was a lab leak” was misinformation until the world government’s decided it might actually have merit as an idea. Handing the government speech control powers like this is dangerous. Democracy relies on people being able to choose what they say and don’t say and share or not share that information.
where you’ve previously used a SIM linked to your name
Don’t do that then. Also consider that people buy and re-sell used phones. The same IMEI is not a guarantee it’s the same user. Privacy isn’t necessarily about being absolute, sometimes it comes in shades.
A P2P application for anonymous communication. There’s chat rooms, forums, the whole range of things, all peer-to-peer, all decentralized, all built with privacy and anonymity as a feature.
Doesn’t answer your question directly, but nostr is working on this. Nostr is an open protocol like ActivityPub (which underlies Mastodon and Lemmy). Its main use is as a twitter clone right now, but it also has a very new reddit clone and can theoretically support videos as well. And you can choose your own algorithm. Here’s all the choices I get from one of their clients, and there’s dozens of nostr clients to choose from. The cool thing is that anybody can make and publish an algorithm and you can subscribe to any algorithm. Your client does all the sorting locally.