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thoughtcrimeboss
thoughtcrimeboss@thoughtcrimetraphouse.com
npub1uqxk...ffca
Writer, Privacy Ninja, Voluntaryist. Currently practicing countereconomics outside of the system. I haven't had a bank account since 2011, Bitcoin is my savings account, Monero is my checking account. Opt the fuck out with me and subscribe to my newsletter, Thought Crime Trap House
One of the main reasons shitcoins are so shitty is because of regulations. Many of these protocols make plenty of actual revenue, but usually the tokens don't entitle holders to a share of that revenue. In a free society without the criminal organization known as the state, crypto projects could easily share revenue with token holders without worrying about regulations. Instead projects have to do dumb workarounds like token buy backs and/or burns which don't actually do much for the price. Revenue sharing mechanisms would drastically increase the value of many tokens, leading to massive wealth generation accessible to anyone around the world including the billions of people who don't have the ability to purchase equity in traditional companies. Imagine a world unencumbered by a corrupt state that protects entrenched players by stifling innovation through arbitrary and often nonsensical regulations that fail to protect anyone except a few rich and powerful individuals at the top. In a free society innovation would rocket forward at breakneck speed, and anyone would be able to benefit from this innovation regardless of where they live or what documents they possess. Imagine a world in which we could invest all of the money we earned into ourselves, our families, and our communities based on our individual beliefs, priorities, needs, and wants. Instead we are forced to work a significant portion of our lives for the state, only to watch the taxes we pay get wasted or spent on evil. Imagine if the money we earned appreciated over time instead of losing value because the state prints money at a rapid pace to fund it's violence. Such a world is possible, but it starts with people realizing that they are slaves.
I think MACS will do a lot of good in criminal justice reform, once this amazing lady sets her mind to something she does not give up. When Ross lost all his appeals and everyone thought it was over, she continued to fight for her son's freedom. Now she's fighting for the many other people who get excessive prison sentences.
It has been over a year now since Proton acquired my favorite private note taking application Standard Notes and they still haven't reenabled bitcoin or monero payments for subscription renewals. Please bring back support for BTC and XMR! You would think that since Proton has a BTC wallet, they would allow you to pay for Standard Notes subscriptions using BTC at the very least. Being acquired by a supposedly privacy focused company shouldn't lead to the removal of support for XMR, the most private payment method. #privacy #monero #bitcoin image
Flock Safety is building a massive survelliance network using drones, cameras, and license plate readers. They now have a people search tool for law enforcement that allows them to instantly identify everyone connected to a particular license plate using various data sources including credit reporting agencies, parking kiosks, and data breaches. Because Flock Safety is a private company, law enforcement doesn't need a warrant to obtain data from them. This is the loophole the state is using to build a dystopian surveillance state where you won't even be able to walk outside your house without being identified and tracked. I hope people just start taking baseball bats to these cameras and Flock Safety loses a bunch of money. What kind of assholes are like "My start up is going to create a dystopian nightmare but that's ok I'll be rich."
Private onchain identity verification tools using ZK proofs only work for those individuals who are privileged enough to posess proper government issued identification documents in the first place. Don't lock a billion people out of your products and protocols, keep them permissionless, it matters. image
The Biden administration didn't care about the rapidly increasing and entirely unsustainable national debt in the United States. The Trump administration doesn't care either, and the Obama administration also didn't give a flying fuck. I think the attitude of politicians about this dumpster fire can be summed up quite well by this quote: "Asked about the credit rating downgrade during a Sunday appearance on Meet The Press, Treasury Secretary Scott Bessent said, "Who cares?"" The recent Moody's downgrade came right after the new tax bill was introduced into the House. It would add a minimum of 3.3 trillion dollars to the deficit, up to 5 trillion. This would increase our national debt by 25% by 2034. Governments around the world are addicted to easy money and when the easy money is no longer easy, they will try to make up for it by stealing even more from you than they already do.
Stop using KYC exchanges. For many years some of us have been preaching about the dangers of KYC and many people in crypto will agree with you and then they still use KYC exchanges anyways. Some things, you know like..NOT DYING OR GETTING YOUR FAMILY KIDNAPPED, and of course resisting oppression and financial survelliance are more important than the ability to offramp directly into your bank account. There's a really good non KYC centralized exchange I like to use that has fiat on and off ramps, it's called my local bitcoin meetup. There's many other ways as well to on and off ramp without KYC. Use them, teach newbies how to use them as well before they jump straight into KYCing. We need to normalize non KYC crypto useage again. It doesn't mean your a criminal or you don't pay taxes, at this point it's just common sense. kycnot.me
The coinbase breach and the kidnappings is just another reminder that you should never ever KYC. Is being able to use KYC exchanges so valuable to you that you are willing to put your family at risk? Use crypto the way it was meant to be used, outside of the system.
There is no reason why citizens shouldn't be allowed to have the same defense capabilities as the police. When the citizens are allowed to be armed to the same extent as the state's goons, it helps prevent such things as the police rounding up everyone of any particular political group, race, or religion and executing or imprisoning them. It happens, everyone always thinks it can't ever happen but it most definitely can, just ask history. The idea that preventing gun violence (this won't do that anyways), is a justification for disarming citizens is disturbing and we cannot prioritize imaginary safety over real freedom.
Strike now has native Bitcoin backed loans available..kinda. The minimum loan amount is 75,000 USD at an APR starting at 12%. Maximum LTV is 50% so you need a bare minimum of 150,000 USD worth of BTC to get one. They aren't available in every state either. And you wonder why people are wrapping their bitcoin to access some liquidity. With Strike you have to KYC and send off your Bitcoin to a company. Is that any better than wrapping it and depositing into a smart contract on Ethereum to borrow USDT at 5% with no KYC? I guess with the no KYC loan you have to trust Bitgo, the smart contract itself, and Ethereum whereas with Strike you just have to trust Strike but you have to KYC and be richer than me. Interesting trade offs. image