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0 sats \ 0 replies \ @linkado OP 8m \ parent \ on: Meet Bipa: How Brazilians Are Buying Bitcoin With Just R$1 bitcoin
You're absolutely right — Bipa reports to the Brazilian IRS. But for beginners who are just discovering Bitcoin’s true purpose, and for those with very low income (which is common in Brazil), buying R$5, R$10, or R$20 worth of sats can be very worthwhile.
I know P2P is an option, but most P2P deals require higher amounts, and when you do find low-value offers like R$10, the fees are usually high. I’m not defending Bipa — just pointing out a positive and interesting fact about it for those who aren’t familiar.
It’s only a “bait” for people who don’t understand self-custody. For those who do, it’s actually a simple and useful bridge.
Self custody isn't "instantly perfect", it's literally the bare minimum that has to take place in order for someone to actually become a new Bitcoiner.
If I were to be a snob about it, I would insist they run a full node first.
“Those who say: “No, the way to glory leads straight through the land of toil and self-sacrifice,” hear their words resound in almost empty lecture-halls.”
― Cicero
A Stoic Resurrection: #662497
type of electronic data being searched matters too.
very much.
if it is the government collecting the data, they must do so lawfully. and the 4th described the limits of government
if it's private data, and Google wants to investigate that house-fire, awesome.. thanks vigilante Google.
but giving the government authority to demand google handover their private property (the information they collect in the process of providing service) is quite a different thing... amd the story here in wired is sculpted as just "gumshoe detective solves heinous murder by ignoring the pesky constitutional protection"... then the buried lede: "gumshoe detective 's warrant is being duplicated across the country"
in other words:
government doesn't need to build panopticon if it can force businesses to be the panopticon. citizens just get shotgun panopticon'd
put another way:
wouldn't it be great if you could get back all the bitcoin you ever had spent?
you can't, because the protocol protects private property. that's why it is so important to have painful discussions about consensus.
Howdy @linkado and welcome to SN
Just want to introduce you to the ~AGORA territory, a place to buy or sell your products and services with other stackers and obviously use bitcoin
P2P as a medium of exchange.Read this intro guides, tips and tricks whenever needed, and if you have any feedback or suggestion on how we can make this space more useful, please do get in touch!
Wish you great and prosperous times around this wonderful corner of the internet!
Stay humble, stack sats ;)
Howdy @Rhizosphere and welcome to SN
Just want to introduce you to the ~AGORA territory, a place to buy or sell your products and services with other stackers and obviously use bitcoin
P2P as a medium of exchange.Read this intro guides, tips and tricks whenever needed, and if you have any feedback or suggestion on how we can make this space more useful, please do get in touch!
Wish you great and prosperous times around this wonderful corner of the internet!
Stay humble, stack sats ;)
Bipa is a Bitcoin-only app developed in Brazil, focused on simplicity, education, and financial sovereignty
They’re not Bitcoin-only — the app also offers the option to use dollars in addition to reais. They can’t claim to support financial sovereignty if they’re a bank. And as a bank, they’re required to report your data to the IRS.
The UX is indeed beautiful, but beyond that, it’s just the same old fiat world using Bitcoin as bait.