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0 sats \ 0 replies \ @Solomonsatoshi 2h \ on: DISCUSS: saying "hold your own keys" is similar to "run your own email server" bitcoin
Hold L1 keys with relative ease, grateful to be able to be in direct control of my liquid capital. Thank you Satoshi.
IOU fiat bank deposits are more complex, compromised and risky imo.
Self custody is what the protocol was built to enable...other options are not Bitcoin.
ETFs are shitcoin DINO compromising of the protocol...freezing sats out of P2P functionality...hoarding them into corporate banker custody.
HWs are a FUD based scam.
Use Proton for email. Hopefully they are not a front/scam?
Coinos for LN convenience. Calculated risk with small sums to support and enable utility and adoption of MoE.
Linux for OS.
Absolute freedom is difficult as humans are social animals and will always naturally form groups/governments for security, economies of scale, power projection and property rights enforcement but the fiat banks have acquired too much power and fiat needs some healthy competition which Bitcoin has, and is providing.
Only acquire Bitcoin if you want to be part of the peaceful and voluntary collective monetary revolution building an alternative to the sly fiat debt slavery bankers cartel who have come to own and direct your government.
Freedom is seldom free of risk...most people will not seek, let alone achieve it.
Except that reliance upon third party intermediaries is not what Bitcoin is about.
It makes Bitcoin increasingly centralised in function and thus prone to censorship.
ETFs do not enable P2P payments...they hoard sats under bankster custody.
Coinos is even lower cost to use.
And easier.
Especially for use on SNs as most small transactions on Coinos are fees free.
China has won the trade war.
USA does not have the rare earths to maintain its military industrial combine.
China has USA over a barrel because the Chinese planned their economy with regard to capturing strategic supply chains.
It is not economic for private capital to invest in rare earths refining- it was only because the Chinese government directed capital investment into this strategic supply chain that China now holds US military industrial combine and its global hegemony over a barrel.
The arrogance and ignorance of US Exceptionalism is the pride that comes before the fall of a once great empire.
China has won the trade war.
You cannot refine rare earths to support your military industrial combine.
Trump can beg but it won't help.
The US empire is no longer functionally viable.
Government is crucial to the wealth of nations.
Nations like DNA, compete for territory and resources.
Free enterprise cannot thrive where there is no security from external threats and where there are no consistent rules, laws and property rights.
Certainly jump onto the life raft Bitcoin provides.
This will hasten the collapse of the US military industrial combine and its global hegemony.
The Jewish fiat debt slavery bankers cartel own the US government.
When will Americans wake up to it?
'The controls are the latest from Beijing to flex China’s global dominance of supply chains, especially for cutting-edge industries and defense systems. The new rules signal China is tightening its stranglehold on key industrial bases and technologies as the U.S. and other Western countries aim to build up domestic manufacturing and reduce reliance on China.
“They want to maintain as much of that strategic position as possible,” said Julian Evans-Pritchard, head of China economics at Capital Economics.
In explaining its new rules, China said the export controls target dual-use items—those with both military and civilian applications—to protect the country’s national security.'
I suspect that like here in New Zealand the government regulated Aussie gold markets charge a large margin and so buying and selling gold is strongly obstructed.
I may be wrong though as there is a strong community of gold miners from small to large in Aus so maybe it is possible to trade gold close to the spot price there?
What is the margin charged at Aussie gold markets?
Here in NZ it is about 4% each way which is virtual usury...and is designed to obstruct free market competition with the state imposed fiat monopoly.
Asia generally has very strong and low margin gold markets often operated by Chinese ethics...this provides Asian citizens with a useful hedge against fiat shitcoin debasement and helps keep the Asian central banks a little more honest that those in the 'western liberal democracies'.
Bought two physical gold bars yesterday, with BTC, via Asian market, and paid less than 1% margin.
Fuck the banks.
Because Asian cultures have long valued and understood sound money and used gold to preserve their private wealth.
Most westerners having enjoyed the exceptional privilege of global imperialism and hegemony for he last 500 years do not understand the importance of private wealth and the unreliable nature of state imposed fiat money.
I wont bother- have tried many others and the fees are never lower than Coinos.
Try yourself and if the rizful fees are truly lower let us know...
You have implied they might be.
I doubt very much that in practice that they will be.
Coinos zero fees on smaller transactions makes it more efficient for use on SN than all other wallets.
Can it be used on any browser on any OS?
What are 'megalithics node routing fees'?
I find with Coinos the fees are zero a lot of the time for small transactions and very low for larger ones...for example earlier today I sent 1666 sats and network fees were zero.
'Amount
1,666
$3.52
Network fee 0
$0.00'
Note- wallet set in New Zealand dollars.
Are small transactions like this free on rizful?
I like how coinos works on any browser so easy to use on linux or any device/OS with a browser.
My coinos wallet connection to SNs is still working fine as is the wallet itself.
You have stuffed up somewhere in the Nostr part I would guess.
Changing wallet will not fix- sorting your Nostr might.
No other wallet has such low fees and good support as Coinos.
China has the advantage of a focused government that knows it must deliver economic improvement or be removed by force- probably brutal.
China provides the essential inputs for free enterprise to thrive at the deliberately minimised cost- skilled labour, energy, transport, logistics and communications.
For a long time local or regional government have been building energy supply and the factories would then naturally follow in pure free market fashion.
A mixed economy of government led strategy combined with free enterprise incentives...and crucially a minimisation of rentseeking cartels and monopolies.
In China engineering is highly prized (the politburo are mostly trained engineers) and people cheer on each new piece of productive infrastructure...because they understand it is making China great again.
Looking at getting something manufactured?
Go to China...they do it faster, cheaper and often of comparable quality.
If the west loses this AI race then China has won and the US empire is fucked.
China have already won the mercantile trade war on nearly all levels.