magicjosh

The donations are about to crack $1M total now. Wonder if this will be seen in the future as the moment when crypto currency usage started to click in the developed world.

Doesn't mention what amount was added. KPMG has not been added to Bitcoin Treasuries yet: https://bitcointreasuries.net/

This version is more legible: https://seekingalpha.com/pr/18660932-kpmg-in-canada-adds-bit...

A well researched article, includes two interviews with sex workers, as well as experts from the field. Not your standard Bitcoin puff/shit piece. Thanks to OP for submitting.

"Chaturbate and FanCentro accept digital tokens, and live-streaming webcam platform Stripchat tells CNBC that 23% of its active models are now paid in a mix of cryptocurrencies including bitcoin, ethereum, and USDC, which is a stablecoin pegged to the value of the U.S. dollar. Customers can also leave tips, and the company says its largest tip yet was $100,000 deposited in tether."

Worth reading for anyone interested in cryptocurrencies.

I don't understand what you mean about lack of sources, are you being sarcastic?

Two sex workers who use crypto are interviewed and quoted by name in the article. They had their traditional bank accounts shut down. Crypto fees are discussed and solutions are proposed right in the article. It is well researched with expert interviews and sources.

One of the better researched crypto articles I've read.

The article doesn't live up to the title. Mentions "wood" twice at the beginning, "sustainability" once.

After that it's just a regular cryptocurrency article that's already been written countless times. Surprised at this low quality coming from The Guardian.

Is there a reason you submitted this?

Here's an article on Virgil's case. I wasn't familiar with this. Sounds similar to Aaron Swartz's case: https://www.coindesk.com/business/2021/09/29/why-did-virgil-...

He was with the Ethereum Foundation and ENS. Is Ethereum Foundation rotten to the core as well?

I just realized Product Hunt is a "top of the funnel" function for AngelList. Huh!

Cash isn't traced at every step into an immutable ledger. Why should cryptocurrency?

Relevant ZK podcast episode: https://zeroknowledge.fm/111-2/

Tornado.cash is one such project. They are working on making Ethereum behave like cash in terms of privacy/anonymity.

Got it, so now Justin Beiber's wallet is tainted too.

No, alt-right as a whole is not tech savvy. But I have to imagine there's some subset of alt-right that is indeed tech savvy.

Here's what I took away from the suggestion. Let's say I send you $100 USDT and Osama Bin Laden sends you $100 USDT. Then you send Justin Beiber $100 USDT and keep the remaining $100 USDT. Where are the tainted tokens?

For Bitcoin these are UTXOs which are easy to trace, but not so for Ethereum and its tokens which just rely on accounting not UTXOs. Right?

> I feel like there are people in all governments who are thinking all day every day "Yes, and we are working on this insane hole in our control as hard as we can and the day is coming close when we can finally outlaw cash."

From what I can tell, this is what "Central Bank Digital Currencies" are all about.

Disagree. This is a solid list of examples of shortcomings of Bitcoin. This is the type of issue worth discussing and solving for. What we need less of are the empty crypto articles that are just idle speculation about "crypto bad". Read the rest of this thread, there's good stuff here!

2022 is off to an interesting start!

"Block’s Cash App adopts Lightning Network for free bitcoin payments" https://techcrunch.com/2022/01/18/blocks-cash-app-adopts-lig...

Appreciate the thoughtful reply! I'm biased towards specialization myself. With that in mind, I'm jazzed to see different species of hardware wallets proliferate. Any good sites tracking all the different types?

edit: thanks!

Happy to hear more about your experience!

To answer your question, what I've read about Lightning it sounded convoluted. The need to have a watcher keeping a channel open, invoices, just seems overly complex. I have tried receiving sats from online Lightning faucets and that part was impressive.

Ethereum's L1 growth and improvements seem more logical to me.

Is there a good place to go to track the adoption of Lightning?

Here's a relevant episode of the ZK Podcast about cryptocurrency mixers: https://zeroknowledge.fm/111-2/

For those interested in mixers, I'm just starting this episode of the Zero Knowledge podcast myself:

Mixers with Tornado.cash

https://zeroknowledge.fm/111-2/

It's not a coincidence that 24 writers for the Simpsons went to Harvard! source: https://www.uselessdaily.com/movies/how-many-writers-of-the-...

It seems a reasonable enough leap to think that someone who runs a Monero node owns Monero. And even if they don't, that possibility is enough reason for a disclosure statement, either that they do or don't own Monero. Like the parent poster said, mentioning Monero in the intro of the article stands out.

I will check out ColdCard again, thanks! Last I checked they were Bitcoin-only. edit: still bitcoin-only

Seems like Trezor "blinked" here and tried to keep everyone happy. I wonder if Block/Square is going to eat Trezor's lunch by providing a badass wallet for people that don't care about KYC. And then ColdCard will be for users that are strictly anti-KYC. And Trezor gets stuck in the middle and goes out of business.

Ah my mistake! Wrapped Monero isn't Monero, got it.

Smart people taking time and effort to make fun of something is the ultimate compliment!

This is the kind of satire that pushes me to go dig deeper into cryptocurrencies and figure out what's world changing and what's chaff. Been listening to the Zero Knowledge podcast recently to learn about ZK Proofs: https://zeroknowledge.fm/

Wow lots to unpack there.

For those reading, the title says "Trezor Ditches a Controversial KYC Feature, Plans Features to 'Cut Off Regulatory Overreach'"

Apparently Trezor added a KYC system called AOPP. Then backlash. Then they said they would roll it back (as of the article).

Have they rolled it back yet? They said it will be rolled out in February. Edit: Trezor blog post about the rollback here: https://blog.trezor.io/a-decision-on-aopp-789540c2930b?gi=f3...

I always wondered what Trezor's fundraising plan is. My guess is once they started to see the money come in from taking fees they started to say "we'll be the next Coinbase!!!".

Do you have any more analysis of this addition to Trezor? As a Trezor user, this reminds me of Apple's push for on-device scanning. That Trezor even added this feature temporarily has me looking for alternatives. Anyone have suggestions?

Can you explain what you mean by "high exchange liquidity"? My understanding is it's a policy issue not tech.

Automated exchanges like Uniswap have Monero.

edit: Uniswap has Wrapped Monero, not actual Monero.

I had not heard of Hatreon so went looking.

According to a few sites, Visa shut them down. After that Hatreon didn't (yet) get another payment processor setup. Their homepage [1] says: "This site's services were suspended by VISA in November of 2017."

Kicking alt-right people off platforms is a band aid solution. A storm is forming that will explode at some point. You can't just silence people like that an expect good outcomes long term.

I imagine the next big wave of cryptocurrency use will be by alt-right users. They're coordinated, resourced, and tech savvy enough.

Crypto-enabled Spotify, crypto-enabled Patreon/Kickstarter, Crypto-enabled YouTube...basically writes itself at this point. I wonder if there's an alt-right HackerNews out there already.

[1] https://hatreon.net/

Also the founder is the 3D printed gun guy!

I never thought of it that way. I wonder what the article's author thinks about Ethereum's privacy.

Neat can you talk more about what makes it fully private? How does it work?