randomhodler84

Depends on the bar. However my point was about cash. Cash attracted some very negative connotations in the last 2y.

There is absolutely a war against bearer instruments like fiat cash.

They cannot devalue your token. The (taproot/segwit) tx is immutable. They can withhold it, yes. That’s why we have fees — humans are greedy, and will likely accept the tx fee as a bribe. There are always other miners that WILL take the money.

The Bitcoin difficulty equation has never changed. The math has not been changed. We have newer tx formats, and a newer signature scheme. We also have complete backwards compat.

Do you really understand this?

Not US banks. Several countries have confiscated bank funds in the last 10y, in fact my place of birth changed the law that untouched bank accounts within 3y get confiscated by the State. This is a major western nation btw.

But since then, I don’t leave enough fiat with banks (including US) banks that they are in a place to rob me.

I trust in ECDSA and Schnorr signatures about 100x as much as I trust FDIC.

Yeah, revolutionary technology! Money from computation! Sign me up!

In 2021, I used cash at a bar, and the girl behind me said “ew look! He is paying like a poor person!”. I was shocked.

Censorship can be overt, covert, societal or authoritarian.

I think you will find incidences of CPU theft going back to the first multi-user mainframe computing systems.

You can’t even argue ransomware is a new crime from cryptocurrency, as this existed via payment card networks back in the day, see Reverton malware.

I have not experienced these issues myself, but I don’t doubt that experimental software is tricky.

It’s true that while an onchain tx is simpler to manage, there are many cases where an onchain tx is undesirable. Lightning facilities that.

As a security professional, I deeply respect Bruce. He fundamentally understands the nature of cryptography, infosec and society. I’ve read his work and followed him for years. Got the Bruce T-shirt.

For some reason he totally missed the whole cryptocurrency thing, which a lot of cryptographers did in the early days. The problem is that he still is regurgitating the same FUD from 8+ years now.

These days I look to up to folks like Dan Boneh. That guy is amazing.

Yes all those things!

Slightly out of date re doge! Dogecoin 0.21 roadmap has segwit and CSV. Check issue #1798 on Dogecoin GitHub.

I look forward to using doge for atomic, subatomic swaps, Lightning payments, etc…

Ahhh, it is in fact “on the blockchain” yet. The sats are in the channel, and there is a channel establishment tx on chain, all before a single millisat is sent.

It’s just trading balances. Don’t fear it!

No, he left because he was worried about folks like yourself constantly trying to shut it down. But that time has past. You are void screaming.

No, you don’t have to “trust the swarm”. You broadcast it at the swarm that can present the highest valid block that satisfies the difficulty equation. This is an expensive proof to fake. The trust we have is the trust in math and physics; eg: not trust.

The swarm isn’t going away. It’s grown a lot in the last 14y.

You don’t get it because you DONT WANT to understand this. You keep talking about censoring and governments and trust. You can’t accept it because it is.

Lightning is Bitcoin. It’s trading state changes of sats between channels.

Is a Casascius coin Bitcoin? A paper wallet? If I give you a casacius coin, have I given your Bitcoin? Lightning is analogous to being able to fractionally trade a Casacius coin.

Electricity and internet access are typically private sector commodities and services. There is often still internet without Government.

Which authorities? I signed a tx, sent it to the swarm using free and open source software, and it was included in a block. Trustless. No authority.

I’m sure lots of people gained and lost fortunes. It’s fine. The trade off is worth it.

I mean I could ask the unicorns for a ride too.

What you want is the Jackboot of the state to punish those that will not bend to the desires of tyrants.

Thank Satoshi we have another way.

So I must really distrust banks then, eh!

I know the usefulness of state-free money. I’ve lived it. You are just trying to worship at the feet of Authority.

How so? Why is Lightning centralized? Cos it isn’t. That’s just bcasher lies.

You are wrong to say it is a centralized solution. My channels, my peers, c-Lightning and a friends open source wallet. Where is the centralization? Where is the trusted third party?

What feature was given up? Sats are sats and they are accepted where sats are taken.

Now we are getting closer to home.

I don’t trust banks, they have robbed me my entire life. Have you ever interacted with foreign banks?

Why would the miners listen to you?

Where are the miners?

You are appealing to authority. I am appealing to math. Technical solutions > Political Solutions. Encryption is strong. PoW Hash is unforgeable.

It is uncensorable. Please explain how you will prevent me from signing an ECDSA message and broadcasting it to a public swarm.

Yes you need an internet connection.

It’s super cheap. I sent $30 to a friend last night via Lightning, it was <1c. They used it to buy drinks.

There is no record of the tx on a blockchain - it is reasonably private. It is not as private as monero, zcash — sure, but there is no ongoing record of tx.

My hate for waste overrides the logic. I can’t stand food being wasted when people either cannot afford or it is not available.

“I don’t like it so y’all have to bend to my will.” “Protecting my hellspawn is more important than your rights and freedoms.”

Your last point would be fine if, as adult, the market didn’t deny me access to a product that is illegal for children to consume anyway.

How dare us adults enjoy flavors. How about you stop telling me, and other adults how to lead our lives?

Everything good in this world is ruined by your “think of the children” attitude. I don’t have kids, will never have kids. I don’t care about your hellspawn.

Seriously, go away. Keep your authoritarianism to yourself. Your nosy, unwanted, Karenesque attitude can leave us child free people in peace.

I’m an adult, I consume nicotine. It’s my right (and I will continue).

Wait until the point of sale terminals support Lightning. It’s coming. International trade requires transparency in a zero trust environment.

I do like privacy tech and coins but no, I think we are far off acceptance. The risk of zk schemes is way too great for anything beyond science right now.

This is what is happening to an extent, however the reserve requirements do not allow undercollaterization so you can’t print more value than you put in. A large slice of DAI is USDC.

Everyone follows the same rules, it’s called an emergent consensus from free and open source peer to peer software.

Miners in China shows you that ultimately the only way to stop it would be technologically enforced bans on arbitrary computation or disconnect the internet. Both of those ways will fail too, as general purpose computers exist and one can find a signal…

Really they probably should have put the whole economy down when it all collapsed in 2008 and 2020.

All we have now is people prodding and poking a box hoping for a particular desired outcome. The zombie corpse of inflation rips the wealth from the bones.