Monero fixes that.
The treasury is expanding the Patriot Act to attack Bitcoin self custody
171–180 of 611 posts
Re: The treasury is expanding the Patriot Act to attack Bitcoin self custody
#172Earlier quoted context omitted.
Whenever leftists say that "Trump is a symptom of an illness that has been metastasizing for a long time" this is what we mean.
My big ask is, was it always this stupid? Like, all these huge historical events and figures, did it all go down as stupidly and clownishly as the modern USA? Was there an early 20th century fascist Europe equivalent to a man named Big Balls being beat up by children and a fascist police action being triggered as a result? Was there a Napeolonic era equivalent to a media figure known for making light of school shooti…
Every generation gets the stupidest politics the world has ever seen... So far.
Re: The treasury is expanding the Patriot Act to attack Bitcoin self custody
#173Earlier quoted context omitted.
I mean, we have to be practical in our condemnation. I feel we had that somewhere around the 2010s, where we accepted that you can’t change a racist 80 year old. Fine, I think America accepted that. But how the living fuck did that prior generation PASS ON the racism (and it’s way more than that, misogyny, economic selfishness, or wholesale disconnect in their economics to the point they don’t even vote for their eco…
It's really interesting to me that you seem to assume that non-racism is the default state, and that humans have to be taught to be racist. Based on what I've seen in the world looking across all the countries I am familiar with, including the US, I have to say I think the opposite is true.
Anyone with experience teaching children could tell you that racism is taught. It's just not baked in for kids.
However it's also not a very interesting question imo. You will never "reset" a generation from any aspect of culture, and now that we're in the global information age it's triply impossible. We don't need to fool around with naturalist fallacy - it's enough to say that racism is bad and we should get rid of it.
Re: The treasury is expanding the Patriot Act to attack Bitcoin self custody
#174There's a conflict between Bitcoin as a public ledger, privacy, and money laundering. With a bank you can have anti-money laundering and bank secrecy. Transaction are known by the bank, can be subject to subpoena or automatic reporting, but are non-public. If you want privacy on Bitcoin you need to do things that look a lot like money laundering. Governments banning money laundering isn't a surprise. The value of Bit…
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Re: The treasury is expanding the Patriot Act to attack Bitcoin self custody
#175Earlier quoted context omitted.
Did you hear about the Internet?
The internet for the average person has converged to a handful of products and services. Your point being? People prefer centralised stuff since it takes care a lot of stuff for them. They dont actually care all that much about technology that yield decentralised outcomes. I know that may be difficult for many here to comperehend.
People prefer centralized services until they enshittify, after which people move to the next thing, thanks to the decentralization.
Re: The treasury is expanding the Patriot Act to attack Bitcoin self custody
#176Bitcoin maximalists are learning that having a non-fungible and fully traceable ledger might be a problem. Even Satoshi called this out! As is, BTC is somewhat of a privacy nightmare. All of your transactions are on the public ledger for anyone with basic knowledge of statistics to correlate and see all of your transactions. Blockchain Analytics is big business! All the things the Treasury is considering to be "suspi…
If Monero ever came close to Bitcoin's popularity, it would be outlawed. Plain as that. You can't get freedom through technology.
Which, I believe, would make it even more prevalent. It would be the confession that they cannot control it, and while most people would be deterred by this, I can see a shadow economy growing because (or thanks ?) to this.
Re: The treasury is expanding the Patriot Act to attack Bitcoin self custody
#177Bitcoin maximalists are learning that having a non-fungible and fully traceable ledger might be a problem. Even Satoshi called this out! As is, BTC is somewhat of a privacy nightmare. All of your transactions are on the public ledger for anyone with basic knowledge of statistics to correlate and see all of your transactions. Blockchain Analytics is big business! All the things the Treasury is considering to be "suspi…
But with Monero, you see that it is effectively shut off from the Fiat ecosystem entirely. The proposal here clearly lays out how bad Bitcoin is for privacy. But it's not like the more private alternatives are actually allowed to be viable alternatives.
Re: The treasury is expanding the Patriot Act to attack Bitcoin self custody
#178Earlier quoted context omitted.
The internet for the average person has converged to a handful of products and services. Your point being? People prefer centralised stuff since it takes care a lot of stuff for them. They dont actually care all that much about technology that yield decentralised outcomes. I know that may be difficult for many here to comperehend.
People prefer centralized services until they enshittify, after which people move to the next thing, thanks to the decentralization.
Google, Meta and so on are not dying.
So whats your point fella?
Re: The treasury is expanding the Patriot Act to attack Bitcoin self custody
#179Inevitable. Remember Roosevelt's gold confiscation. https://en.m.wikipedia.org/wiki/Executive_Order_6102 It was forbidden to have more than 5 ounces of gold.
Good for Bitcoin, then ? Is it becoming a form of Gold, for real ?
Re: The treasury is expanding the Patriot Act to attack Bitcoin self custody
#180Earlier quoted context omitted.
I mean, we have to be practical in our condemnation. I feel we had that somewhere around the 2010s, where we accepted that you can’t change a racist 80 year old. Fine, I think America accepted that. But how the living fuck did that prior generation PASS ON the racism (and it’s way more than that, misogyny, economic selfishness, or wholesale disconnect in their economics to the point they don’t even vote for their eco…
It's really interesting to me that you seem to assume that non-racism is the default state, and that humans have to be taught to be racist. Based on what I've seen in the world looking across all the countries I am familiar with, including the US, I have to say I think the opposite is true.
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