@handtomouth
495 sats stacked
stacking since: #669818longest cowboy streak: 1
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0 sats \ 1 reply \ @handtomouth 8 Sep \ parent \ on: What is the difference between permissionless and censorship resistant? bitcoin
In case it is still not sinking in. KYC is being imposed by the Finanacial Institutions to trace the people whom are using the Bitcoin Network if your typical setup is you are in the middle of the jungle and you have no ID and then somebody taught you how to properly use the Bitcoin network. You can easily bypass their dragnet simply because the added technological layers running on top of Bitcoin Core e.g. online wallets is not in your Bitcoin toolkit. If you surrender to KYC you are always asking them for permission to use the system since you don’t know how to circumvent their dragnet like KYC. Therefore, if there is no KYC there is permissionless system
182 sats \ 3 replies \ @handtomouth 8 Sep \ on: What is the difference between permissionless and censorship resistant? bitcoin
No KYC = permissionless
No Moderator = censorship resistant
43 sats \ 0 replies \ @handtomouth 7 Sep \ on: Bitcoin Beginners Newsletter, Issue 17 bitcoin_beginners
Darthcoin’s series about Lightning is really heaven sent. I have scoured the Internet about it but only those made by Darthcoin can stand alone when compared to all of them combined.
@handtomouth's bio
0 sats \ 2 comments \ @handtomouth 3 Sep
47 sats \ 1 reply \ @handtomouth 2 Sep freebie \ on: Government Debt Pump Is Increasingly Coming To Nothing econ
The problem with state apparatus is that it is always biased to politicking. They dilute the value of your hard earned cash only to take it all away through inflationary making strategies to appease the layman. Yet it does not appease the masses since everything is being slambanged for the purpose of keeping it attractive enough so the masses will still use it despite the shortcomings of the current monetary system.
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