AML laws are not only privacy destroying, but also ridiculously ineffective:
"Anti-money laundering policy intervention has less than 0.1 percent impact on criminal finances, compliance costs exceed recovered criminal funds more than a hundred times over, and banks, taxpayers and ordinary citizens are penalized more than criminal enterprises."
@nvk The world isn't perfect. Having bitcoinhackers.org is still a huge improvement over Twitter. You don't need to solve every problem perfectly, first try.
Mastodon is great but just don't use it for DMs, there is no end-to-end encryption and @nvk can read everything
My experience from gifting some satoshis to the next generation
“No private entity can claim monetary power, which is inherent to the sovereignty of nations”
Nation states won't give up monetary monopoly without a fight. Probably big corporation are still not powerful enough to directly compete with governments, right now only Bitcoin can do it as it wisely moved the battlefield outside of bureaucrats comfort-zone
New proposal for distributed storage. No useless token or dedicated blockchain, just pay in bitcoin for a service
Despite their claims, @[email protected]'s hosted mining services are absolutely a centralisation risk, just like any other hosted mining.
If you're going to buy hosted mining anyway, pick a small-hashrate company to provide it, but don't fool yourself into thinking it's comparable to actually mining yourself.
(BetterHash only helps when you physically control the hardware.)