Thread

lol

We really need to push for KuCoin delisting. After that we'll have a bull market for a decade.

I came to the comments to see what client that is.

I used to own some and then I realized its better to just hold all my money in the best performing asset in the history of earth

I’m 99% bitcoin/1% Monero.

Bitcoin sovereignity is trending to 0! How do you fix this?

Soon you will wish choosing the opposite!

what does AML compliance on exchanges have anything to do with bitcoin

Its not only to exchanges, didnt you read the document? Markets will aslo need to have implemented measured to see if your bitcoin is tanted or not, and this is just the beggining Where will you spend your self custody bitcoin? In dark web?

US exchanges have to send know-your-transaction data to analysis companies to meet regulation standards. Probably will make a lot of UTXOs unusable or less fungible in the future?

So you are for the profits only? who cares about freedom or privacy, or whatever else ? I must admit, I respect that. At least you're honest

I got into bitcoin because i liked that it could send money without any central authority. I also liked that it can be done pseudonymously. Thats about it. I didn’t know anything about monetary theory and i wasn’t using it as an investment vehicle. I was giving 1 bitcoin away to everyone i knew, since it was only like $1 at the time. I didn’t get into bitcoin for its privacy properties. I got into it because it was cool. I also realized there will not be 1000s of coins that people will be transacting in, only one coin will win, and it will be bitcoin.

Well, they definitely won't be spending their self custody Bitcoin on the dark web because the dark web takes Monero.

Thats the point 🎯

So how's "transacting" in Bitcoin working out these days.

I’ve transacted in XMR and BTC. I’ve completed way more transactions on lightning than using Monero. I use a self-custodial lightning node. It’s not difficult at all.

Cool. What did you sell or buy? What's the name of the shop? What are the prices like?

I send receive zaps on NOSTR daily. I’ve bought hardware and services using bitcoin—too many to list. But a few are, cryptocloaks, mullvad, and NOSTR.build.

Using Bitcoin to buy more Bitcoin stuff lol. #fullcircle Was hoping for food, transport, housing ... ya know, the works.

Ah, you want to show up when the revolution is over. I hate to break it to you, but this is going to go on for much, much longer. Get in the trenches or GFY.

game theory aligned. we have lightning for decent privacy and instant payments with finality. its tradeoffs all around. onchain doesn't scale for payments anyway, monero folks aren't seeing the bigger picture.

How many people outside of Nostr are able to use LN in a privacy preserving non custodial manner?

not many, which is why we have some work to do to make this easier

monero is probably the easiet if you want privacy and self custody, but I wouldn't hold my money in it. it seems more likely I would just swap into a custodial cashu node for the amount I wanted to use (if I didn't already have a lightning node). asking everyone to accept monero seems unlikely to ever happen

Its so naive what you are saying

maybe! but i've been thinking about this stuff for like 15 years, so unlikely

When BIS proposal gets going, ill be here to talk to you again and see if you say the same

Why do you have a lightning address setup to receive bitcoin on nostr? Could it be that you’re just a LARP?

Why do you have a lightning address setup to receive bitcoin on nostr? Could it be that you’re just a LARP?

is there any privacy model from Monero that LN can learn from?

The ship is too far gone. I don't see Monero adoption ever catching up.

Do you also run a lightning node? It's fucking HEAVY. I run bitcoind + lnd + monerod and lnd rapes my cpu harder than bitcoind and monerod combined. Payments often fail due to liquidity issues. Lightning is extremely centralized. I'm not against L2, and I'm certainly not against having some private-enough way of spending BTC, but we cannot ignore that there are leaks that propagate up the layers because the base layer is lacking in privacy. I would argue most Monero folks actually see the bigger picture, in a way that Bitcoin maxis don't, by leveraging all available tools in the quest for more autonomy, freedom and privacy. And that does include saving in Bitcoin for example, or being pragmatic and using Lightning, which is the better choice in many situations (which ones those are will depend on the user for the most part, I suppose - I speak for myself)

Why don't you realize that some people are not blind maxis and leverage all available tools? Could it be that you're just an idiot?

I use core lighting, it’s pretty lean

Why do you use bitcoin if transparency enables surveillance enables control enables crushing and controlling dissent enables tyrants to stay in power?

Because I realize all thatI wrote before, but also realize it's the best store of wealth around at this point and I find that highly unlikely to change, in spite of all its flaws. Is that such a radical thought for you? It seems like common sense and basic rational analysis to me. Bitcoin for saving, Monero for spending, lightning on the side if I really want to actually spend bitcoin, which I avoid in general, preferring to spend Monero first unless it's a very specific situation.

Ahhhh. So transparency enables surveillance enables control enables crushing and controlling dissent enables tyrants to stay in power… but not for you got it makes sense.

Ok, if that's the best you've got in response, definitely an idiot.

If your node is offline for a few days, doesn't it take a long time until the lightning daemon is useful? I had the same issue with lnd back in the day, now I'm on eclair. I haven't tried cln.

nope it syncs pretty fast. clightning is insanely efficient

Your brain is too small to recognize how you’ve contradicted yourself lmao

Interesting. I'll add trying it to my ever-growing pile of todo's. Thanks for the feedback!

Likewise Bitcoin will never catch up to a privacy paradigm. Hedge both bets accordingly.

Maybe not (I'm skeptical), but other layers are heading in a good direction in that sense.

Down with big brother. Down with big brother. Down with big brother.

100%

south korea also banned litecoin, just because of mweb. any exchange that bans monero will eventually refuse bitcoin deposits that appear to have originated from a privacy appliance

Or ANYTHING that cannot be fully and completely traced. Which Bitcoin enables. Which is why the legacy system embraced it. More money in taxes, a way out of the debt spiral perhaps, and the cherry on top.. even less privacy than legacy bank accounts.

neomutt