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Quick little write-up. Pretty neat (#1435146)

Donations to the Foundation are now tax-deductible under U.S. law, lowering friction for individual and institutional donors. Previously, the Foundation operated via grants and sponsorship from OpenSats and Cake Wallet, among others.
With 501(c)(3) status, the Foundation can now accept tax-deductible donations and operate under formal governance and reporting requirements, indicating that the important privacy-enhancing work is here to stay.

Payjoin, which work via partially signed Bitcoin transactions (the same feature that underlies multisig), breaks that interpretation by having both sender and receiver contribute inputs to the same transaction, making such assumptions about common ownership completely unfounded. The joint-payment structure can also consolidate UTXOs more efficiently and thus reduce transaction fees and consequently throughput.
It is standard digital hygiene to conceal your transactions in a public and open network. You cover your PIN code when withdrawing cash at an ATM, and don’t wave around wads of cash for everyone to see. In digital environments that expose wealth and spending information by default, it couldn’t be more important to have a now IRS-registered foundation working on such privacy tech.
What’s vital about Payjoin transactions is that they look like any normal Bitcoin transaction. Prior and popular attempts at creating digital anonymity in crowds on Bitcoin, such as Samourai Wallet’s Whirlpool were identifiable (e.g., in uniform denominations), whereas Payjoins still break the basic input-output assumption while remaining undetectable.
195 sats \ 0 replies \ @DarthCoin 7h

buahahaha people are fighting a lost cause. This is such a joke, registering as a CORPORATION is in fact pledging to be a slave to a master.
When you REGISTER something with the State, you do not OWN anymore that thing. You are only allowed to use it.

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113 sats \ 0 replies \ @Scoresby 4h

I think I had seen you mention before that you might have some pieces appearing in The Rage. Cool to see!

Nice write up, too!

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32 sats \ 1 reply \ @BlokchainB 3h

I am shocked to see the rage do this. (501)(c)(3) status is what destroyed the church and put a muzzle on what they can say at the fear of losing this status and having to pay taxes.

I am sure they have their reasons but for an outlet to be so critical of the government but then get government protection seems a bit ironic

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it's not TheRage (=the outlet) getting gov protection... it's the Payjoin Foundation

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60 sats \ 0 replies \ @tuma 6h

Thanks for quoting my work 🤙🏻

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