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@SwapMarket
stacking since: #513690
204 sats \ 1 reply \ @SwapMarket 1h \ on: Tether Fun Unbelievable Details - Part I bitcoin
Lots of info, but where is the part about Bitfinex hacked and Tether invented as 1:1 USD pegged coin to compensate the clients? The respective movie is actually great fun to watch:
https://www.imdb.com/title/tt18224682/
Yep, the key is to live two lives, like a good spy. One name/phone/email/address for amazons and socials, separate nyms/emails for dev and BTC. Helps to move a lot and have more than one passport.
So much work! I rather keep my wealth in BTC to rent and buy everything my family needs. Buying land and building house without taxes is impossible, and I prefer freedom to travel and live where I want in the future.
Non-KYC debit cards are being blocked and sunset globally due to regulatory crackdown. Kazepay clients are waiting for refunds for over two weeks already, no ETA. Maybe the issuer will require KYC as well, no one knows. I think your VOIP purchase was not the cause.
When I was a foreign student in the US, my first ever credit card was Discover. I and my wife applied online. Due to some glitch in their systems, they started sending us two new cards EVERY DAY. I don't remember now, but I think the numbers were all the same. They only fixed the glitch in two weeks and cancelled all the cards. With scotch tape I built a large house of cards on my desk. Still funny.
Oh, and when I built a good credit history and had many cards, I maxed balance during interest free period and invested in US savings bonds for a year. )
Modern people are too stressed and have no free time to learn self custody. It is too complicated for a non-IT person to check open source code. So between trusting institutions that custody Bitcoin and institutions that sell hardware wallets, they choose the former. Option not to trust anyone just does not exist for an average Joe.
One can better use BTC - Liquid BTC swaps for this purpose. Cheaper and no channels need to be closed and reopened.
How can one stack harder and more cautiously at the same time?
Dollar price is meaningless if we can't exchange our 1s and 0s (Bitcoin is just data) for goods and services directly, without governments looting our pockets or labeling us money launderers. This is not just another asset class for "lawful" investment, but a "get out of jail free" ticket. We should all focus on that aspect, rather than price.
a. they waited a full year to disclose!
b. did people actually have to type all this KYC crap into a fucking ATM? I just hope smart clients fed them rubbish.
There is no free option in atomic swaps on sideswap.io
on LN, even 1 block CTV is enough to be exploited
I think the idea is for Alice sending USDT to Dan. She can already send BTC as is.
I expect the PPM fee to be rather large.
But what about free option problem? An LN invoice can be held for a day and then made invalid by releasing wrong preimage, or settled if the exit FX rate moved favorably. But I only played with Taproot Assets. Need to see RGB in action to understand it better.
This on-the-fly converting idea is nonsense. Who would want to cross two bid/ask spreads to receive x% less? And who would dare to be an exit node and be picked off by free option? I will be the first to game them. Maybe native USDT channels will work, but that will require a whole alternative LN, with rebalancing pain etc. USDT on Liquid does the job great right now, with cheap confidential payments and atomic swaps to/from BTC.
Yup. Boltz repeatedly said they are not a privacy tool. Same goes for all their alternative backends.
Sure. Boltz backend runs a postgres database, but it does not have to be in the same physical location and the records for the old swaps can be easily wiped. Logs too.