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93 sats \ 2 replies \ @nullcount 5 Aug 2023 \ on: Privacy is important, but bitcoin doesn’t help bitcoin
Can't have freedom without privacy. What good is a money that can be sent to sanctioned addresses if the Feds come to put you in a cage the day after you send it?
Sound money is a huge deal but freedom (f*** you) money is what enables free markets.
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0 sats \ 1 reply \ @frostdragon OP 6 Aug 2023
Eh, that’s the thing though… Bitcoin doesn’t have to be 100% private to have freedom. There are other ways transact with people that aren’t digital if you need a trade to be 100% private.
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0 sats \ 0 replies \ @nullcount 7 Aug 2023
In person deals suffer from tyranny of place. I don't have access to 99.9% of in person trades because I live in a certain jurisdiction and any travel I do incurs cost.
Just look at the most free markets alive today: dark net markets. Most of them don't accept BTC and if they do, it's common to put a BTC tax on the price. So even if you wanted to pay privately with BTC, not only will you pay more fees in CoinJoin, or other expensive privacy techniques, but you also pay the market an extra fee for their burden of "washing" the BTC you send them. This is the reality that "sovereign" bitcoiners dismiss, but it's damning for BTC's use as free market money.
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