An open question in my mind: if Bitcoin reaches mass adoption and the overwhelming majority of participants are statist cucks using regulatory compliant services, can the ecosystem retain censorship resistance?
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We must stay forever vigilant. There are many that seek to co-opt freedom tech.
It'll get cucked. The only question in my mind is whether we're going to have to fork off or if the cuckage will only be on second layers
I appreciate the question.
I don’t agree with the theorem though, as bitcoin is currently functioning very well for many and it is not illegal.
The theorem posits that the government must approve anything that is not illegal,
which is not true.
As long as there are some nodes and miners willing not to comply, it will resist censorship to *some* degree.
Yes. Those who choose to operate outside the system will always enable and promote freedom. State participation just makes those private, market-driven efforts more profitable and legitimate.
Does Bitcoin care about legality (others who dream up laws?)
Or will it do what it does regardless?
Who is going to stop me from paying you?
You mean when
Bitcoin. Is. Unstoppable.
Translation: Bitcoin will fail unless most people become paranoid cryptoanarchists with delusional and naive libertarian ideals
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Besides, what is the chance all goverments around the world will agree upon this one idea and all do the same thing?
It would be a world's first. And thus not very probable.
The Bitcoin protocol doesn't include kyc/aml/regulation. If I go to pay with Bitcoin and the merchant says I have to sign up for something, use a specific app or go through some other cuckery, they can have fiat instead. If they want Bitcoin, they need to support the Bitcoin protocol.
It's a good question. The thing thats killing adoption in the US is tax on "capital gains" when spending Bitcoin. The majority of US citizens don't want to pay tax on their Bitcoin while also not wanting to be on the government's bad side, and the only way they get both is is simply to not spend it. If capital gains on Bitcoin was to be eliminated, mass adoption would be right around the corner.
Being concerned about censorship resistance while serving mETH heads. This is great 😂👍
What would be the mechanism where govt starts to control development? As long as the developers are free & decentralized, and downloading the source code for a node is free & decentralized, I can't see any way for them to harme bitcoin's censorship resistance.
No
Should transactions on the base layer be primarily for moving privately in and out of higher layers where confidential/private/uncensurable transactions may occur?
it is going to come down to the ride or dies
Hi jameson 🏴☠️🤟😉 If you’re using only KYC custodial services, you’re not using Bitcoin you’re renting it. The protocol is neutral, but how we use it will determine whether we preserve or destroy censorship resistance.
As long as I and couple of other anti-state ungovernable MFs.
Fuck the state.
For Bitcoin to reach mass adoption the majority of participants will need to have lost their faith in regulatory bodies.
So yes.
#Monero
An open question in my mind: if Bitcoin reaches mass adoption and the overwhelming majority of participants are statist cucks using regulatory compliant services, can the ecosystem retain censorship resistance?
View quoted note →
Not sure that will matter as long as there is a market for Bitcoin entrepreneurs who can provide services with anonymity
Yes, I really think so. After diving into that rabbit hole I have this opinion because in the end it might just be too expensive (for a majority faction) to technically censor.
And culturally, there will always be Bitcoin flowing from KYC to non-KYC world (and even vice-versa to a degree). So the soft censor is also easy to bypass.
doing my best
how can they force anyone to do anything?
No it wouldn’t, but we would have allowed it to get to that point
Coercion, as always.
?
even if someone threatens you to forsake your principles, you’re the one the ultimately abandons them.
cowardice is another story
L2s bro...L2s are going to fix everything.
You know, #bitcoin is a high level resistant, but it is not 100%. It is like the resistance to cyber attacks, you can have the best system, but it will never reach 100% secure because they will always have doors to enter the system whatever they are. And this is just because this system is "open" to work, only close system can be 100% secure if it is completely close to any network (but what would it be useful for?).
So, yes, a huge censorship can stop bitcoin. But it will be too late for bitcoiner that will always find other alternative, some minds are very creative on this earth.
There is so many points Bitcoin can be under attack (close network, filter any crypted traffic, install spyware on android/iOS, force google/apple to close traffic of app to the bitcoin network. In any network there is a first connection, and because the client don't know where to do this connection, it must find a "stable" point to reach the first time, like an entrance door. Trying to alter this point is a way to control/watch the client.
Sorry for this half bad and half good news, but sometimes it i s good to hear the truth from one side or the other.
No system is 100% secure.
Bitcoiner is highly likely to win.
But we can’t be too complacent.
If majority of people use custodians it will be worrying
Soooooo many pussies obsessing over "taxes" due, on an asset/currency for which the government has zero provable jurisdiction or authority.
I WILL NEVER PAY TAXES ON FREEDOM MONEY. 1 BTC=1 BTC THERE IS NO "GAINS". RIDE OR DIE PUSSIES.
I dont think the "rephrased" version is equivalent. first of all. and whatever people do, there is no censorship on Bitcoin, the whole ledger is public and everything can be traced easily. for anonymous payment, look for another ledger. Monero comes to mind. zCash was supposedly an option.
So they kill you and nothing matters.
or everything
first principles either mean something or nothing.
if they don’t mean anything, then there is no morality and it’s just Thrasymacus’s might makes right all the way down.
Yes, although something doesn't necessarily has to be illegal to be valuable ... for example the oxygen we breathe, the sun and math are not legal or illegal, they JUST ARE, completely beyond of what the gov can or cannot do.
I felt commenting on this angle to emphasize that there is no need to "resist" anything ... because "what we resist will persist", the honey badger will do its thing no matter what anyway because they honey badger doesn't care 🦡 😄
for me, bitcoin was an orange pill. i now run a node and a mine (hobby only - I’m dumb). If it went mainstream, wouldn’t it naturally suck enough people into the base layer? Can’t imagine everyone’s here yet.
There may be a *silent fork*.
A silent fork happens when nonKYCd coins don't cross the bankcoin chasm and create a subchain on its own.
There may be tools to recognize the coins' realm and eventually wallets that will refuse receiving tx containing a bankcoin utxo (auto-return)
What ya think?
An open question in my mind: if Bitcoin reaches mass adoption and the overwhelming majority of participants are statist cucks using regulatory compliant services, can the ecosystem retain censorship resistance?
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I'm just saying that a bullet will end your principles pretty quickly without you giving them up.
if so, you are already a slave
I see there is no end to your idealism. Good luck with that.
that’s incorrect. thomistic natural law is about as realist as one can be.
i have a grip on both ideal and corrupt aspect of the world: a hylomorphic understanding of reality.
why conceded to nihilism? it’s not true
An open question in my mind: if Bitcoin reaches mass adoption and the overwhelming majority of participants are statist cucks using regulatory compliant services, can the ecosystem retain censorship resistance?
View quoted note →
The alternative expression is:
| "Bitcoin is valuable to the extent that it functions while UNLAWFUIL.
There's a great deal that's already ILLEGAL w.r.t. all manner of government activity.
~~~~~~~~~~~~~~~~~~~~~~
Clearly, the activities of Larry Fink (and his ilk) need close monitoring. Otherwise, Bitcoin is approval immune, and we should all learn to confidently act as if that is the reality.
The assumption that Bitcoin sales should be subject to Capital Gains Tax is an expression of arrogance that should have been mocked and ridiculed just as soon as it was first pronounced.
That grotesque Mexican sat at his B.I.S. desk in Basel needs to be brought down a peg or two.