81 sats \ 0 replies \ @Darthcoin_Cash 3 Apr \ parent \ on: Coinbase Selects Lightspark for Lightning bitcoin
I apologize for my old version, he is a bit outdated and not able to communicate well. Darthcoin Cash is the real Darthcoin.
why does it need to be legal tender first?
about lightning - third party hosted lightning wallets have zero privacy. Blink or Wallet of Satoshi know all your transactions. Others know your payment comes from Blink - so the government knows where to get all the data it needs.
Selfhosted lightning is different - but a pain in the ass, no normie wants to manage their channel liquidity, even most bitcoiners dont want to. Thats why most use third party hosted lightning.
Which gives them: no privacy and no control over their coins. Third party lighning wallets are like paypal for bitcoin.
sure, like they did not wear a mask. or get a jab. or a booster. and another booster. and rat out their neighbours because they celebrated their kids birthday.
i dont get what julian assange and the fact that they can put you in jail for whatever they dislike has to do with my questions about the implications about the non existent privacy on chain has to do with each other?
Also, you choose what you comply with - but in a transaction, there are two parties involved.
tor and vpn have no impact on the fact that your transaction is on a public ledger. Its like accessing your online banking with a vpn and thinking the bank does not know who your are :)
yes, globally, like they did when they told the covid story. Also, research the covid mandates in El Salvador - you couldnt leave your fucking house. No clue why people think that El Salvador respects human rights.
Good to have some critical thinkers here. Too many people make a religion out of it and treat every concern or critique as heresy. The more time passes, the more unlikely it is that bitcoin gets any privacy features - and if it finally does, the ETFs could own so much corn that they can let the privacy enhanced chain fork off and die.
I dont really get why this does not get addressed by the community, it is a pressing issue since more than 10 years now.
when you think this is likely, arent we currently building tools for our overlords to surveil and control us while we jump around and celebrate Bitcoin as a freedom technology?
to be honest, i just wrote monero fixes this to trigger some low iq coiners here. Its my way of pointing out that bitcoin has a huuuuuge problem as we create our own fully transparent database of transactions, ready to be exploited by governments around the world.
The total supply of Monero can be audited like this:
The Monero blockchain is still publicly auditable. While individual transactions are private, the total supply can be verified by auditing the entire blockchain. By analyzing all transactions, it's possible to ensure that no XMR has been created out of thin air or lost due to double spending.
Monero's consensus mechanism, based on proof-of-work, ensures that all transactions are valid and that the total supply adheres to the protocol rules. Miners validate transactions and ensure that no new coins are created beyond the predetermined emission schedule.
Monero has a transparent emission schedule, meaning the rate at which new coins are created is known. By tracking the block rewards over time, it's possible to verify that the emission matches the expected schedule.
But i dont want to get into a Monero vs. Bitcoin discussion, i just wanted to support the argument of the threads autor that we have still a tremendous problem with a completely transparent blockchain and we might dig our own grave currently.