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nostr:nprofile1qqstnem9g6aqv3tw6vqaneftcj06frns56lj9q470gdww228vysz8hqpzdmhxue69uhkzmr8duh82arcduhx7mn9qy2hwumn8ghj7etyv4hzumn0wd68ytnvv9hxg8mv947 next articel to read? I think its genuien with many valid points. Nothing new but a great summary of all the riscs and attack vectors and a great way to step out of the echo chamber.

Great article. IMO, especially the final part with the most common misconceptions, is a mandatory read for anyone serious about Bitcoin. Would love to hear nostr:nprofile1qqsqfjg4mth7uwp307nng3z2em3ep2pxnljczzezg8j7dhf58ha7ejgpzemhxue69uhhyetvv9ujuurjd9kkzmpwdejhgqgdwaehxw309ahx7uewd3hkc5k2uzc leaning on this article not because I trust his opinion but because he’s such a significant voice in the space and for better or worse plebs love people with credentials talk about issues. nostr:nprofile1qqsxu35yyt0mwjjh8pcz4zprhxegz69t4wr9t74vk6zne58wzh0waycpt3mhxue69uhhqun00pujumn0wd68yttjv4kxz7fwv9c8qte4vscxgvecv9nxxdpevv6xywp5vdsnqerp8y6nzcfnxvmxzenxvycnsdpn8pjkvetyxvcryct9v4jxvcfexfjkywrzxpjrxenrvgurwqgcwaehxw309anxjmr5v4ezumn0wd68ytnhd9hx2tcmfltau you may also wanna read this. nostr:nevent1qqsvsxes3fmxvpj64lqjuet4vd5rl5ark250dfd8zm04yqukljtm7scpzemhxue69uhhyetvv9ujuurjd9kkzmpwdejhgkdldft

Excellent article I really can't find anything that's not completely accurate. I want to emphasize to those who believe their self-custody stack is safe from these attacks, and especially those with non-KYC stacks that they're coming for YOU. It won't be long until OFAC sanctions lists and regulations expand to encompass all non-KYC UTXOs and eventually all self custody. This isn't a pie in the sky doomsday scenario, it's the inevitable end when even simple coinjoins are banned and developers are incarcerated. This makes Bitcoin extremely risky to hold long term in a self custodial and especially non-KYC manner. How are you going to dump your bags if you 1. Can't get those UTXOs on lightning (Boltz already bans OFAC sanctioned UTXOs, channel peers will be blacklisted if opened by tainted coins) 2. Use instant non-KYC exchanges (They're coming for all of them, Tradogre and Majestic bank are just the most recent examples. There are internal memos stating these exchanges as being the target. Listen to them when they tell you who they are) 3. Can't use p2p exchanges (Haveno, Bisq or Robosats) for anywhere close to the same value (who's buying non-KYC coins if you can't do anything with them but give to another person in the p2p exchange? The only reason someone would trade monero for non-KYC Bitcoin is to then off-ramp in large amounts or spend Bitcoin where monero isn't accepted or swap back. If the usage is ONLY to swap back and forth ONLY on p2p exchanges, non-KYC Bitcoin is essentially useless and we'll see a huge devaluation of those UTXOs) In summary, I too have now dumped nearly all of my Bitcoin reserves just as you have. I now only have confidence in Monero as both long term non-KYC self custodial store of value AND MOST IMPORTANTLY medium of exchange. Its just safer and easier to buy lots of things with Monero on xmrbazaar.com and even though sites like Newegg accept Bitcoin, the regulatory risk of using it is just too grave. Bitcoin as freedom money is dead and its a tragedy. Number-go-up greed got us to this point. The sin of greed is truly grave.

excellent article.🙏

Somehow my last substack article has gotten a lot of traction compared to my other articles. So far the only other article that's close to it is "How Bitcoin's developers are attacking its Sovereign/Monetary use" ( https://controlplanecapital.com/p/how-bitcoins-developers-are-attacking-2a5 ). I was going to write the "What made me sell most of my Bitcoin a few months ago" article first, but decided to write it last to be able to interlink and provide more context. I have moved onto researching other things and have gone full fiat — building price predictions models for Bitcoin and a few companies. But looking back, this was always going to happen. nostr:nevent1qvzqqqqqqypzqvtw30knexxgwasss0qwafnz68hdx6u25xwpclsz4750ez46qpx2qyvhwumn8ghj7mrfva58gmnfdenhyetvv9ujucm0d5hszrnhwden5te0dehhxtnvdakz7qpqeqdnpznkvcr94t7p9ejh2cmg8lf68v4g76j6w9kl2gpedlyhhapsfyve67

Lol

Yeah, it's all very worn tracks he talks about and he tries to deny he is bearish, but he is bearish. I also have been saying for some time coin control needs to be better in wallets. And lightning has the complexity problem for self hosting and custody is easy but legally a quagmire. Self hosting isn't that difficult and nostr pretty much solves that. The host can then be insulated, like Alby cloud, which I use. Ark and spark will fill gaps, as will ecash. Someone is going to find new solutions that target the tradeoff that seals off the banking monopoly weakness, while lowering liability and surveillance. I'm glad he doesn't shill monero. Anyone who understands utxo and wallet coin control and the surveillance vectors know that trading off transparency on the l1 is a bad engineering decision. Lightning is very much complicated by an opaque base layer. IMO a domain breach between what should be a layered composition.