Bitcoin is already, by far, the best privacy coin.
What is left now is to teach the history of how we got here - recognizing pioneers like Wasabi and Samurai - and learn from it.
Even more importantly - spread the knowledge on how to use the right tools: eCash, Boltz swaps, RoboSats, solid wallets like AquaBitcoin & BullBitcoin, and merchant platforms such as
@BTCPay Server.
It's critical that most Bitcoin stays no-KYC. Anything less than a supermajority pushes us toward a dystopian future - one already previewed in Sweden, where anyone can legally look up your home address and Bitcoin holdings in a public, government-mandated registry. I don't think anyone sane wants to live in the chaos of that type of world.
See you today at Lugano PlanB P2P Stage, 3 PM where I'll be talking with SethForPrivacy,
@Giacomo Zucco,
@Max and
@ODELL about one of my favorite topics.
No privacy, no freedom ✊🗽
Replies (59)
Looking forward 🫡
I’ll wait for the YouTube video
Unc.
If you teach me I will listen.
I wanna wear a mask in public too.
🤣💜🫂🤝
Legend.
Looking forward to see this. Rock on 🤘 and Long Live Bitcoin Freedom Money!
Swede here. You can't look up people's btc holdings in Sweden. They are not public records. You can, however lookup people's reported capital gains. But I don't think you can see how those gains were made.
> They are not public records.
Because they don't have that information. When you sell btc, you tell them how many you sold, at what price you sold, and what your gain was. You don't have to report holdings at any point.
GM & PV 🫂
Thank you for clarifying, I really stumbled about this bit of information 🙃
LFG 🔥🫂
Mr. Rockstar, I respect you as a developer, I think you are very talented, and make a good software, however I humbly disagree with you on this.
The barrier of entry for privacy are completely different, yes you can use Bitcoin "privately" but the setup to do so usually requires a notable amount of resources, and knowledge to do so, and you have to do it perfectly without flaw everytime.
I agree that there are many great tools which enhance user privacy but using each successfully in conjunction is difficult.
I think for the vast majority of common people without technical knowledge, and wealth, Monero would be a better alternative as it offers good, if not better privacy for a fraction of the cost when compared to Bitcoin privacy.
omg the cope.
love you Unc
but a default transparent ledger isnt "the best privacy coin"
LN isn't solving privacy
custodial solutions are a nonstarter
get a grip
You were saying…chased by some Turkish guys…? 😂
ashigaru.rs
Payjoin
convenience always comes at a cost, as i know you understand.
one suggestion for the 'cost' of monero's privacy conxenience is gresham's law in reverse. yea you can hold the hardest money that will displace all others and swap to monero for private transactions (i personally think this is rather great and wallets like StackDuo are nice), but now you're starting to move away from the simple '1step' sidewalk meme you posted - stepping away from convenience...
and once you're doing that you might as well consider cashu and see where that nets out in the tradeoffs between privacy/custody/money-hardness.
the disclaimer here is that i am a fan of monero. but the tradeoffs are not as simple as you claim.
Where did you get the notion that Swedes' bitcoin holdings are available "in a public, government-mandated registry"?
Is this streamed anywhere?
100 💯 agree
There is this law that citizens must reveal ALL of their assets and the value. It was intended to keep everything transparent to fight ‚corruption‘ i believe.
Little did they know that you make your citizens a target for bad people (I guess?).
But you are getting re-orged and attaxked all the time.
I also heard, that XMR is so private, that you cannot verify how many coins are in circulation.
Bitcoin is perfect in that goldilock zone being pseudonymous.
Pretty gay what you‘re doing in Sweden.
I'm not talking about monero.
pseudonymity is insufficient because it is trivial to link UTXO clusters to KYC information now or in the future.
Onchain #bitcoin privacy is almost dead.
I hope to hear the talk but if its all rationalizing custodial privacy and ecash I'm out.
KEEP GRINDING Uncle 🤘🌟
🔥👏🫂
- if bitcoin is the privacy coin why does the name privacy coin exist
- why does it exist
*yet
The KYC data and AI caoabiliw are already there. Just not public publically.
Bitcoin is not a privacy coin.
Right now for the next 16 years, Monero could be considered the harder money, as the monero rewards granted for mining are now gone.
It has a supply of 18.4 million, and is only CPU minable which theoretically is a more difficult task since the hardware isn't specialized for mining.
Tail emissions offset lost coins, and incentivize miners to maintain the network.
Personally, I see utility over theoretical value.
And swapping usually tends to be the vulnerability in opsec.
For me obviously, I wouldn't be buying anything that requires good opsec but I'd prefer to maintain transaction privacy as a given principle rather than as an assumed luxury.
Just swap it for $xmr, no need to do all those gymnastics to achieve privacy.
E-Cash.
To use E-Cash Privately, you would first have to accomplish the first two layers privately, and self-hosted.
Acquire KYC-Free Bitcoin, use silent payments, coinjoins, and payjoins, self-host, open, and manage your own lightning channels, then open a e-bank, etc. 🙃.
Additionally, you'd have to swap back, and forth between various softwares since there isn't a software that I'm aware of that offers full privacy tools for all 3 layers.
Cake Wallet, Zeus, and Peanut Wallets (Cashu wallets) are the closet tools that I'm aware of that do a fraction of each layer but I'm not aware of a self-hosted method that does all three in one app.
How do you rate a fresh or existing Nsec on Sign Up with a device Passkey for Wallet security on a Non Custodial Nostr Client like #BitTasker
https://bittasker.com/
@Scott-BitTasker @jonbyrnebtcwhat's the 16 years about?
Right now given current protocol rules, and estimated block time, under Monero's current fork tails emissions produce 0.6 every two minutes, of course this could change in the future, however under the current rules, and projections it's estimated the monero won't pass 21 Million coins in supply until around 2040, which is about ~16 years from now.
Marketing
how can they use this as marketing if bitcoin already has it
A. As OP said privacy on bitcoin took time to develop.
B. Since when has the truth ever stopped an altcoin marketing campain?
a. nothing changed on bitcoin, and if it still doesn't have privacy by default is it a "what" coin?
b. fake marketing is not the same as a "no difference", if bitcoin was a privacy coin the name privacy coin wouldn't exist and all of them would be, selling a privacy coin as a privacy coin would be like selling water but with the taste of water, but then you can fake market other things like scale, speed, etc
Awesome, would love to attend.
Would be nice to have a written guide about privacy on bitcoin.
Sometimes it's difficult to obtain without KYC, or only if you agree to pay 5-20% more.
samurai was the best with the whirlpool.
what other options ?
btc->xmr->btc->⚡...
Is litecoin a privacy coin?
I wouldn't say so, litecoin markets itself as "the silver to bitcoin's gold" for being lighter cheaper faster etc, it did add a "privacy layer" called mweb but it works better for scaling than privacy, there is still a tx graph that can be observed and archived, etc, but that aside it's still in all major exchanges and hasn't been targeted for its "privacy capabilites" cause it's not that good, kinda like bitcoin's LN, it is a "privacy layer" but also doesn't make it a privacy coin
Once square terminals are accepting btc and turning it into kyc coin held by a business or by square, how is the downward spiral nit inevitable? 🤔
💯
I appreciate this note!
View quoted note →Isn't LN decently private?
hey -- we want to send you a test zap, but couldn’t find a NIP-05 or ⚡ lightning address on your profile. u can set one up for free on rizful
Rizful: Lightning Services
Free Lightning vaults, and instant, disposable Lightning Nodes.
... then pls reply here and we will do a test zap.
If you run your own node it (probably) is.
One of the problems with LN privacy is that if it broke (routing node collude etc), you'd never know.
Putting on the list then.
Bitcoin maxis. A lost cause?
UNCLE ROCKSTAR
Bitcoin is already, by far, the best privacy coin.
What is left now is to teach the history of how we got here - recognizing pioneers like Wasabi and Samurai - and learn from it.
Even more importantly - spread the knowledge on how to use the right tools: eCash, Boltz swaps, RoboSats, solid wallets like AquaBitcoin & BullBitcoin, and merchant platforms such as
@BTCPay Server.
It's critical that most Bitcoin stays no-KYC. Anything less than a supermajority pushes us toward a dystopian future - one already previewed in Sweden, where anyone can legally look up your home address and Bitcoin holdings in a public, government-mandated registry. I don't think anyone sane wants to live in the chaos of that type of world.
See you today at Lugano PlanB P2P Stage, 3 PM where I'll be talking with SethForPrivacy,
@Giacomo Zucco,
@Max and
@ODELL about one of my favorite topics.
No privacy, no freedom ✊🗽
What's your favorite KYC-free method to recommend to onboard Bitcoiners?
I would suggest you try BULL wallet. When purchasing off an exchange of your choice, withdraw via Lightning to your Instant Payments wallet in BULL, which will automatically swap your LN bitcoin to Liquid bitcoin (perks of Liquid is that transaction amounts are confidential) and then swap back to on-chain. You can even connect your wallet to BULL wallet, and set automatick swaps from Liquid directly to your cold-storage when your threshold is reached i.e. 1M or 5M sats, it's up to you.
Also Bull Bitcoin wallet should be available in Switerzalnd soon, so youll be able to buy Bitcoin directly via Liquid, followed by auto swap to cold stage.
Bull Bitcoin
Bull Bitcoin Wallet
World's best mobile Bitcoin wallet
agree with the above, wrote a guide here:
It would be cool to see this functionality integrated with Lightning node apps on Umbrel. Would be a good project to work on.
Pedos like you deserve to scream in pain. They’ll find you eventually.
Thanks 🙏
