I wrote here about how Stackers value privacy. And as might be expected of Stackers’ psyche, SN’s impending move to non-custodial use will be welcomed by many. I think there are many reasons why Stackers prefer privacy.
  • it fits in with the ethos of ‘stay humble, stack sats’
  • it doesn’t draw unwanted attention to oneself, especially from scammers
  • it helps one to ignore the noise and focus on creating signal
  • it allows one to comment tongue-in-cheek nice try, Fed
In any case, this preference for privacy seems to run counter to the trend towards visibility on social media. Live streaming. Influencers parading their sponsored branded goods. Content creators airing their dirty laundry. It seems that putting a face to your name is instrumental to securing partnerships and affiliate marketing.
As Stackers, I know you probably don’t care if other Bitcoiners are making their presence felt, sometimes in loud, obnoxious ways. But do you involuntarily cringe when you feel that someone is behaving contrary to staying humble? Or you grudgingly endure it because Bitcoin is meant for everyone?
292 sats \ 2 replies \ @Ribbit 30 Apr
The switch has nothing to do with privacy. Privacy on LN is not guaranteed or practical. The self-custodial wallets are very user unfriendly and require ~100k sats to even begin using and with all sorts of ip address holes and coordination risk from nodes to adversarial LSP's. Not the scaling panacea we were sold.
I include the browser extensions we will now have to rely on, in the critique, that add yet another party of trust in addition to the wallet, VPN provider (or tor) hardware security, best practices ect ect, all of which best practices need to be constantly updated and maintained. No other currency system requires you to have money first before receiving funds, and privacy by default solutions are out there. It's silly
If there was a viable privacy option for Lightning right now SN would just deploy that. This is not a privacy switch but a liability switch to no longer potentially be considered a "money transmitter".
The switch is to remove SN from the legal gun sights of various government agencies in the district that SN is registered as a business in and where it's servers are located, the united states.
Imagine you are new to Bitcoin and SN, the added burden of using on of the mostly custodial lightning wallets, extensions that need your trust in knowing your email or seed or god forbid setting up your own LN server and providing it liquidity, all before being able to post or zap.
This is the choice of slow death, instead of throwing yourself into the fight alongside other Bitcoin Initiatives. The whole point of bitcoin in the first place. What we see is just a bunch of pussies complying.
reply
Sadly, yes.
reply
Thanks for clearing my misconceptions about so many things!
And this is why I use ZBD proudly. I just need to buy gift cards to sustain my lifestyle with the sats I accumulate here muahaha
reply
Well, if I mention XMR, I begin to feel attacked right off the back. So stay humble does not work in this case.
If I told you, the dollar (originally, silver certificate) and during the Roman Empire they used silver more often than gold to transact. I'm labeled as a shitcoiner.
Why not treat ETH like silver? XMR like copper? And X as bronze? This was common in history and were easily convertible to gold when you accumulated enough. These metals didn't take value away from the economy. You need copper in computers, phones, and electronics. YES, you can use gold, but it's more expensive. just as an example.
People gonna take me "stop using oil," but forget oil is needed to make everything. Clothes, chairs, cars, cameras, cookware etc (as a commodity reference)
reply
I also own some ETH. I think variety is the spice of life - BTC n ETH fulfill different purposes for our daily needs.
I also wanted to share that you can put a copper coin inside your shoes to remove the odour haha
reply
you're joshing me
reply
21 sats \ 1 reply \ @Cje95 30 Apr
As a victim of the nice try Fed comment I feel targeted! 😂
You know who I’m talking about who is relentless! 🙃
reply
My guess is as good as yours haha
reply
I just dont know how this will all work. I have to get a lightning address then? I cant keep all of these sats on sn anymore?
reply
I think getting a ZBD wallet will work. I am also waiting to see how this situation will unfold
reply
In many cases privacy is mistaken for annonymity.
Privacy and anonymity are related but still different. While anonymity intentionally keeps a user’s identity hidden, privacy implies that their personal data should not be available to the general public.
reply
deleted by author
reply