SaberhagenTheNameless on Nostr: Lol. Bitcoins ONLY value prop is black market. Permissionless transactions, dodging ...
Lol. Bitcoins ONLY value prop is black market. Permissionless transactions, dodging taxes (includes seigniorage), and avoiding financial surveillance (in theory). Regulators can impose any arbitrary restriction on white market Bitcoin up to, and including, banning transactions from there. If you're not doing any of this then there is literally no reason to use Bitcoin. Fiat is much better if you're going to follow the rules anyway.
https://github.com/libbitcoin/libbitcoin-system/wiki/Permissionless-PrincipleYou need a reminder on Bitcoins cypherpunk origins of digital cash:
note12acrktner7qftvhwnrnsgket3cgywk8dkrkmyfaq6rrlts2vfh5s33l9gh
Published at
2024-06-21 09:37:10Event JSON
{
"id": "7a8e4a31428e16e7909f30f233baf6488230e6461f1e7d085175b85cb47af5a5",
"pubkey": "af740d198babb8c7b82d0a4718eb354bb3f6af9a98639b85d4a5cf1371caba85",
"created_at": 1718955430,
"kind": 1,
"tags": [
[
"e",
"e43c6c4166ede9f0ccd30167947fc251d727ae6dd71450ebf93eccf196219a81",
"wss://nos.lol/",
"root"
],
[
"e",
"e43c6c4166ede9f0ccd30167947fc251d727ae6dd71450ebf93eccf196219a81",
"wss://nos.lol/",
"reply"
],
[
"p",
"f527cf970ce260e74261214bf612e8f75a59db1835ed7e4053326c3f65e232ee",
"",
"mention"
]
],
"content": "Lol. Bitcoins ONLY value prop is black market. Permissionless transactions, dodging taxes (includes seigniorage), and avoiding financial surveillance (in theory). Regulators can impose any arbitrary restriction on white market Bitcoin up to, and including, banning transactions from there. If you're not doing any of this then there is literally no reason to use Bitcoin. Fiat is much better if you're going to follow the rules anyway.\n\nhttps://github.com/libbitcoin/libbitcoin-system/wiki/Permissionless-Principle\n\nYou need a reminder on Bitcoins cypherpunk origins of digital cash:\n\nnote12acrktner7qftvhwnrnsgket3cgywk8dkrkmyfaq6rrlts2vfh5s33l9gh",
"sig": "353fa839291c25293666765bbf90c56d6cd71bc0eb0a9018a88d370f08cd0292838f05954239bb817b13c3746709c0ddf8bc59bd5d640d5de7faa3e24e6a6774"
}
