Earlier quoted context omitted.
Cryptocurrency transfers are irreversible, publicly verifiable and pseudonymous. For a privacy focused application, these attributes make crypto a better choice than USD and the traditional banking system.
How? Irreversible is bad because mistakes happen. I lost ~$1,000 in a bad transfer because of a typo. Publicly verifiable -- not good because I don't want the public knowing what I buy. Pseudonymous is the worst of both. Is it or is it not me? them? I am thinking digital cash using pub keys on a network run from space on something like starlink sats.
Bitchat – A decentralized messaging app that works over Bluetooth mesh networks
331–340 of 457 posts
Re: Bitchat – A decentralized messaging app that works over Bluetooth mesh networks
#332Earlier quoted context omitted.
Cryptocurrency transfers are irreversible, publicly verifiable and pseudonymous. For a privacy focused application, these attributes make crypto a better choice than USD and the traditional banking system.
How? Irreversible is bad because mistakes happen. I lost ~$1,000 in a bad transfer because of a typo. Publicly verifiable -- not good because I don't want the public knowing what I buy. Pseudonymous is the worst of both. Is it or is it not me? them? I am thinking digital cash using pub keys on a network run from space on something like starlink sats.
Re: Bitchat – A decentralized messaging app that works over Bluetooth mesh networks
#333Earlier quoted context omitted.
I guess it depends on the authoritarian government, but a sufficiently powerful one will get the app taken down or get the bluetooth features it relies on disabled (like for airdrop in China) :/ I would say that the underlying issue is that people do not really "own" their devices and the corporations that do are vulnerable to (or complicit in) state coercion. You cannot truly have freedom on a non-free device, you c…
Airdrop works fine in China, actually, if you leave it open you will be harassed by unwanted drops in public transport. E-sims are not allowed.
But I mostly agree - they rolled it out worldwide later on because once you reason it through, disabling it when it's not actively used turns out to be the better default.
Re: Bitchat – A decentralized messaging app that works over Bluetooth mesh networks
#334Get rid of all these garbage social media (government honeypots) platforms that leak all your data every other weak.
Use Zero-knowledge proofs for authentication into distributed web apps.
Use BitTorrent file system to distribute data to prevent a single point of failure where all your data is leaked.
I could go on and on.
Re: Bitchat – A decentralized messaging app that works over Bluetooth mesh networks
#335Earlier quoted context omitted.
> Works best in areas with patchy or no internet, or under censorship. The biggest problem I immediately foresee is that this sounds backwards. It doesn't work best in areas with patchy or no internet, it works best in areas with lots of participating devices. It's most needed in areas with patchy or no internet, but those areas are likely to be the opposite of the areas with lots of participating devices.
If your country shuts off Internet access for demonstrations this would work great.
Re: Bitchat – A decentralized messaging app that works over Bluetooth mesh networks
#336Earlier quoted context omitted.
Only pseudonymous so far as you never accidentally link yourself to a wallet then everyone can know your entire transfer/spending history. It gets people all the time just look at the investigations into various alt coin rug pulls or other fraud. Irreversible is also not a good thing just ask anyone who had their NFTs stolen during that craze. If someone hacks my bank account or skims my card and transfers the money…
> Only pseudonymous so far as you never accidentally link yourself to a wallet then everyone can know your entire transfer/spending history See Monero
Re: Bitchat – A decentralized messaging app that works over Bluetooth mesh networks
#337Re: Bitchat – A decentralized messaging app that works over Bluetooth mesh networks
#338Earlier quoted context omitted.
More familiar than you can imagine. The fact that you think smart contracts are what are needed to solve a decentralized communications problem suggests that you've learnt a new hammer and everything now looks like a nail to you.
Please check the parent comment which I replied to, this is a solution to “how to implement a robust micropayment system” in this context, not how to solve a “decentralized communications problem”.
Re: Bitchat – A decentralized messaging app that works over Bluetooth mesh networks
#339Earlier quoted context omitted.
> For a privacy focused application, these attributes make crypto a better choice than USD and the traditional banking system. So is cash. What we really need are ways of scanning a piece of fiat currency that instantly transfers that money to an account while then disabling the physical copy from the registry as valid. That's how silly I see crypto for anything other than illicit transactions
USPS will happily exchange your cash for a money order without an ID as long as it’s under a certain amount, if you’re willing to take the risk you can mail the money order and transfer reasonably sized checks fully anonymously, there are good reasons large transfers of cash probably shouldn’t be anonymous
Re: Bitchat – A decentralized messaging app that works over Bluetooth mesh networks
#340Who is nothankyou1? That guy is the real developer, dorsey just added some nonsense commits like a true manager.