Replies (42)

Totes. Also question about usdt on lightning will they still be sending btc denominate transactions with usdt taproot assets in tow or is it going to be a separate network unrelated to the btc just leveraging the tech on a different blockchain?
kiwi's avatar
kiwi 10 months ago
Bitcoin dollar 1) Make Bitcoin “digital gold” - hamper on / off rails 2) Add fiat proxy (Tether) as the MoE layer 3) Continue printing and censoring Good luck, statists. May the odds never be in your favor.
Edmond Dantes⚡'s avatar
Edmond Dantes⚡ 10 months ago
It blew my mind that Chainalysis was on a few panels at Plan B El Salvador (sponsored largely by Tether/Bitfinex). Such mixed signals . . . And now even Strike is engaging in shotgun KYC. Self custodied Bitcoin is the only way out of this. Heros all eventually get bought off by the system.
In some cases it was returned to or in the process of being returned to the original owners and in other cases like the silk road bitcoin it was not.
USDT for Africaaaaaa…..cos we asked for Tether 💩 Strike literally couldn’t handle MPESA top ups in Kenya so they gave us USDT. What’s better? local KYC or global KYC ? either way still shitcoinery freedom PR 🔫
Edmond Dantes⚡'s avatar
Edmond Dantes⚡ 10 months ago
Requiring a selfie and blocking use without any corresponding changes requested by existing customer. (Am an investor in Strike as an LP, so no axe to grind or conflict of interest for sure). After complaining with support - who just reiterated the need for a selfie, looks like now the block has been lifted.
Edmond Dantes⚡'s avatar
Edmond Dantes⚡ 10 months ago
Looks like the shotgun KYC is still there when initiating transactions (need to stress no changes in account usage - funds effectively locked pending selfie). See screenshot. Pathetic and very disappointing. image
i dont understand how theyre gonna do it. will one need to have a channel open to USDt as an LSP to do the assets over lightning?
Edmond Dantes⚡'s avatar
Edmond Dantes⚡ 10 months ago
Correct. And thanks - I was just bragging about how well Strike worked everywhere while in El Salvador . . . Then this after returning home and not using it for a few weeks.
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npub1ah3a...l76e 10 months ago
Who better than you would understand that we left the entrepreneurial world to set out for a bigger mission. Any company is a state licensed extension of the state. At sufficient size it becomes indistinguishable from the state itself. Any app. Any system. Needs to be P2P and private by default or it will fail. Simple as that. Any money fiat or BTC going to the old model is burnt money.
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npub1ah3a...l76e 10 months ago
I know I am a Monero guy and some of you don't like us for whatever reason. (I am also a Bitcoiner for 15 years). But I've been very sceptic of Jack's marketing for a long time warning to use this app as it might haunt people later. Like it happens every time for the same reasons. "Shotgun KYC" is the new "insolvent CEX". Sooner or later any company will be affected. The only answer is getting rid of the company model.
Strike is a KYC app, meaning it has a deal with the devil. Censorship, surveillance, and secrecy on their part (not the customer's) is business as usual.
Edmond Dantes⚡'s avatar
Edmond Dantes⚡ 10 months ago
Yep, agreed and understood. The thing is, the existing non-custodial lightning wallets ALL still suck for one reason or another - otherwise I wouldn't have opted to use Strike. I run a lightning node and have yet to find a wallet that consistently just works.