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33 sats \ 5 replies \ @Darthcoin_Cash OP 27 Mar \ parent \ on: Can Bitcoin enslave us all? bitcoin
why does it need to be legal tender first?
about lightning - third party hosted lightning wallets have zero privacy. Blink or Wallet of Satoshi know all your transactions. Others know your payment comes from Blink - so the government knows where to get all the data it needs.
Selfhosted lightning is different - but a pain in the ass, no normie wants to manage their channel liquidity, even most bitcoiners dont want to. Thats why most use third party hosted lightning.
Which gives them: no privacy and no control over their coins. Third party lighning wallets are like paypal for bitcoin.
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0 sats \ 2 replies \ @om 27 Mar
Perhaps the term "legal tender" means different things to Americans and Europeans. Maybe it's best to avoid it altogether.
Take Turkey for example. You can legally buy and sell Bitcoin (with KYC), but the only legal means of payment is the Turkish Lira.
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0 sats \ 1 reply \ @Darthcoin_Cash OP 27 Mar outlawed
stackers have outlawed this. turn on wild west mode in your /settings to see outlawed content.
0 sats \ 1 reply \ @StillStackinAfterAllTheseYears 27 Mar
If it's not legal tender, they can't regulate businesses accepting it via KYC-only. It would be like things currently are, where business would have to convert anything they took to fiat for tax reporting purposes. They could still ban it outright, but that in and of itself is easy enough to get around.
Yeah, selfhosted lightning isn't something Joe Average is ready for, but I'm assuming that things will get easier on that front in the next few years (possibly a bad assumption).
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0 sats \ 0 replies \ @Darthcoin_Cash OP 27 Mar outlawed
stackers have outlawed this. turn on wild west mode in your /settings to see outlawed content.