I feel so conflicted about this whole thing. Non kyc bitcoin is great... But there are relatively few places where you can go and spend it on the goods and services you need to live. Maybe square's integration will change that... Maybe it won't.
For example I know I could live on steak n shake fries however... Its terrible for my cholesterol so that's probably not a 'long term' plan.
Then there's non kyc purchasing itself... For any substantial amounts of money there is a paper trial, its almost impossible to be completely anonymous, and dealing in cash defeats the purpose as the purpose is to use bitcoin not fiat anyway.
Then when one considers the broader privacy considerations... Being 'really private' is a bitch. Your phone, your financial records, your credit card usage, even your personal vehicle comes with a certain amount of tracking built in... Which the vast majority of people just accept/don't think about.
The way I look at bitcoin is relatable to firearm's ownership in the united states... It will never be completely private, it can't be. Show up at a shooting range, or buy guns at a shop and there will be a record somewhere for someone. And any serious use of a firearm for defensive purposes (like for home defense) is a big deal and you will want ALL documentation possible that you did everything right, seriously.
So the goal isn't perfect anonymity but having guns (or bitcoin) in the hands of as many people as possile, teaching financial education, and teaching people about their rights and the role + dignity of the taxpayer.
Citizens are most free when they are well educated, well employed and heavily armed... That Europe not only has taken the guns but is so hell bent on financial censorship and censorship of speech... Is just sad.
One day people will wake up and the financial censorship, the 'age verification' which requires the upload of ID documents... Will be all over them and they will say "why what happened?"
I feel so conflicted about this whole thing. Non kyc bitcoin is great... But there are relatively few places where you can go and spend it on the goods and services you need to live. Maybe square's integration will change that... Maybe it won't.
For example I know I could live on steak n shake fries however... Its terrible for my cholesterol so that's probably not a 'long term' plan.
Then there's non kyc purchasing itself... For any substantial amounts of money there is a paper trial, its almost impossible to be completely anonymous, and dealing in cash defeats the purpose as the purpose is to use bitcoin not fiat anyway.
Then when one considers the broader privacy considerations... Being 'really private' is a bitch. Your phone, your financial records, your credit card usage, even your personal vehicle comes with a certain amount of tracking built in... Which the vast majority of people just accept/don't think about.
The way I look at bitcoin is relatable to firearm's ownership in the united states... It will never be completely private, it can't be. Show up at a shooting range, or buy guns at a shop and there will be a record somewhere for someone. And any serious use of a firearm for defensive purposes (like for home defense) is a big deal and you will want ALL documentation possible that you did everything right, seriously.
So the goal isn't perfect anonymity but having guns (or bitcoin) in the hands of as many people as possile, teaching financial education, and teaching people about their rights and the role + dignity of the taxpayer.
Citizens are most free when they are well educated, well employed and heavily armed... That Europe not only has taken the guns but is so hell bent on financial censorship and censorship of speech... Is just sad.
One day people will wake up and the financial censorship, the 'age verification' which requires the upload of ID documents... Will be all over them and they will say "why what happened?"