@kepford
stacking since: #136580
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MSTR is pretty volatile. Wonder if this drop is due to this paper?
Yes, the FUD is overblown and yes Lightning was full of hype. This is the way things happen. Has nothing to do with Lightning or Bitcoin. Its human nature. It happens in most new things. Lightning isn't free and doesn't solve every problem. Even if no one uses it in ten years I'm sure the lessons learned will pave the way for something else. At this point though I don't see anything else that rivals it. There are other things but they have different goals and trade offs.
With all that said I do think their is value in thinking about the game theory. I have been. Thinking about the limits. But its foolish to make anything short of perfection into failure. That's jus dumb.
Nope, the state can go after businesses. The question really is will they stand up for their customers.
Again, not talking about nodes. Talking about businesses.
The US dollar is the primary medium of exchange for terrorism funding. KYC/AML hurt everyone and seem to have little effect on criminals.
These laws literally create giant honey pots of data of innocent civilians ripe for the picking. I have never seen data showing the effectiveness of AML/KYC but every day there is a data breach.
I guess we have to agree to disagree.
Yeah, this has been my experience with nearly all crypto people and the NFT crowd. I do not take them seriously.
Yes, it is early. Let's say Lightning usage goes up 100x. I'm just thinking about how it compares to on chain with privacy and I could see regulators seeing it as a threat.
KYC is a state attack on sovereignty, privacy, and personal security. For the record.
Are you saying you buy the AML crap is for our good?
Yeah, I can think of workarounds too. Not trying to spread FUD.
Yeah, its not a Fat target yet. That's fair. I'm assuming adoption by business continues. Honestly, this is a big reason why business adoption is very important. The more that adopt it, the more customers that are doing something the less likely it is for it to be directly attacked.
Many don't know that home schooling your kids used to be illegal in the US. But, because so many were doing it the state has lightened up about it in most states. This is why it is so important to use the tools, respect your privacy, use encrypted tools, use OSS. There is strength in numbers.
I think you are missing my point. I'm aware of how Lightning works.
I think it would be pretty much impossible for a state to stop peer to peer lightning transactions but I could see them going after Strike, Brains, and any business using Lightning due to the privacy implications.
What I'm saying is the Lightning protocol something states will be tempted to regulate/ban? There are plenty of things individuals can do and fly under the radar but a business which operates in the state system can't.
Strike for example is required to demand KYC info. Some businesses will not sell their good to people in certain jurisdictions due to laws/rules. This is the kind of attack I'm talking about.
One would think. If one thinks. Which is hard and there are a lot of people begging you to not do it.
I mean, they mock us for blaming the state but really they always blame freedom. They just don't have the balls to call "the free market" what it is. Human freedom.
Never fails. This is what they say every time.
CPI is not broken. Working perfectly as designed. A tool to justify their actions.
You wrote what I was thinking. Important lessons here. I'll add, focus first one what you can change before focusing on things outside of your control. Also don't get distracted by trying to "figure it all out". Who did what can become a distraction and a seductive one.