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0 sats \ 19 replies \ @designsats 8 Mar 2023 \ on: Disadvantages of Bitcoin's Circular Economy bitcoin
Only one. How to get cash privately and cheeply and securely.
Difficulties: normies
why cash?
Why not just use BTC?
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Cash is and will always be more private than BTC when transacting in person.
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Wrong. That means you still don't know how to use Bitcoin...
HFSP
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I have to disagree on this one. Cash in person is private by default, without having to take any special care. However, cash is already being increasingly restricted and in a few years from now, cash might not be possible anymore and the only choice will be between bitcoin and CBDC or, to put it another way, between freedom or slavery. That’s the reason to get up to speed with bitcoin, learn how to acquire and use it, etc.
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Cash was private king until 2009...
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No, it isn't wrong. Keep savings in BTC, buy small amounts of cash using P2P platforms like HodlHodl or RoboSats for short term needs.
Cash is more private, because there is no permanent electronic records. Closest to that level of privacy we have with Bitcoin would be BTC backed chaumian ecash.
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Keep using fiat cash is LITERALLY supporting fiat to exist and therefore, banksters and govs.
YOU ARE LITERALLY AGAINST FREEDOM.
Learn how to use Bitcoin,, your lack of knowledge is disturbing.
I will send you 100 sats.
Please find back my real identity and where I live.
If you are able to do that I will reward you 1BTC.
If not... HFSP and STFU and don't say anymore that bitcoin is not private. You have no fucking idea how to use BTC.
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Inability for me to track you down doesn't mean state level actors like various three letter agencies can't do that if they really want to target you. Bitcoin is fairly private if you use it correctly. But it's not perfectly private, cash has benefit here by not being electronical.
LN isn't absolutely private also, there are a lot of known issues that yet need to be fixed.
I prefer using Bitcoin, but that doesn't change fact that in person cash transfers are more private.
Btw, there is also BTC backed physical electronic cash, which has the same privacy properties - OpenDime sticks, which one person can pass to another, with no permanent record about this anywhere.
I have spent big part of my life past few years working on improving Bitcoin privacy, mainly as a JoinMarket dev, I would say I have some knowledge on the topic.