715 sats \ 4 replies \ @03182e07e0 17 Apr 2023 \ on: I'm losing my faith bitcoin
Ooh, I feel like I'd like to reply to some of the points on that post and/or re-enforce:
-
mainstream Bitcoiners advocating for hodl, don't spend: it's interesting because I think there are different mainstream influencers... Traders tell you to trade, crypto/investors tell you to invest but I feel like the people on lightning are on board with the spend and replace thing. I don't think either are more mainstream than the other, rather they target their niches. I'm bullish on benbtc reaching more normies and hopeful for more of that.
-
I agree that we shouldn't recommend custodial bitcoin wallets, however I do see the appeal for lightning addresses and social fund raising that requires an always on server.
I wanted to offer someone time to install phoenix wallet in their own time and I'm experimenting with the reverse: give them a lnbits URL with a lnurlw link and they can claim it in their own time.
Re: developers, it's definitely clown world. I was talking to people in the bitcoinology meetup about this. Devs get in by project but then get to stay in the club and get funded even if they're not productive. Also there's tonnes of drama.
overall, great read.
Honestly was a little confused seeing this post about a bitcoin based content site on a bitcoin based content site.
So then the premise that I'm reading here is that collecting anonymous data is fine, but collecting person information is bad because the data can get leaked.
Is it an admission that Apple doesn't collect personal information but happily collects and sells anonymous data?
Anonymous data is easy to deanonymize and/or use maliciously in the way I mentioned above. I spoke to a data scientist a few years ago and he was explaining how a company like Facebook, for example, can build an anonymous profile about you using anonymous data and even with GDPR and European privacy laws, this data is not considered personal information. Then if you delete your account and recreate another, they will very quickly be able to identify your behaviour as a match for that anonymous model and you'll wonder why Facebook seems to know you so well all already.
It's one thing to talk to a friend or random person on the street and tell them you've just come from X shopping center, it's another to tell an agent that tracks people for a living and fishes for information in order to make money from it -- even if you don't know the person and they ask no personal questions. I can imagine people doing it on the street if there is an incentive like cupcakes.
Online, we don't get to know how our data is used, but worse still, we don't get to see what data is being shared.
I guess we still aren't ready to have full disclosure and full transparency.
Well it's not though, the data that is sold is "anonymous". That means they aren't selling "Ellie's" data, but instead the data of her and her group of friends, showing companies where to be to maximise their spending, telling companies what to broadcast to get them scared, outraged, and passionate about their products.
Let's get it right, let's make the people understand why privacy is important, how we are being controlled and how we are affecting each other too while we are at it.
If you want to see an example of what could be done with it, check out the following apps:
The first app can read and write tags and show if and how any of the advanced features were written and modify them. But it won't let you write to the secure area afaik.
The second app write to the secure storage (where you keep a secret key) but is very limited in configuration.
It's better than that.
It's specifically using the "NXP NTAG 424 DNA"
This gives you the ability to use it's cryptographic features to add a deterministic but unique hash on every LNURL which your server will be able to verify with a secret key.
With this, you can prevent replay attacks, so it's safer to use our in the public.
You can buy these cards elsewhere, but you'd have to buy them in bulk to get a good price.
GENESIS