I really want to interview more Bitcoin devs working on interesting projects
It’s just that all I see in my feed is Knotzi vs Coretard drama
And I don’t know where I can find new ideas
What’s the most revolutionary proposal you’ve seen lately?
I was a bitcoiner back in 2004
When I was playing MMORPGs with friends
Buying in-game items from each other with cash
Dealing with scammers who were pretending to help you level up your character if you gave them your password, but would steal your items.
Joining guilds, fighting silly tribal wars knowing anyone could easily be on the other side but we’re here because of some friends.
The only difference is that we never aimed to overthrow banking with in-game gold. And we actually had much more fun, there was a true feeling of brotherhood and friendship.
So when the EU leaks everyone’s bitcoin holdings next year
Which country is the safest against $5 wrench attacks, SWATing, having your family members kidnapped for ransom, and/or being kidnapped yourself?
It sure isn’t France, the country of the ECB president 🤔
What is the Bitcoin maximalist reaction
to the fact that the European Union wants all citizens to declare all the coins they hold in self-custody?
The boating accident? A casual HFSP in between the steak lunch and the steak dinner?
How about acknowledging that you were wrong and the purity virtue signaling and the NGU greed kept millions of people away from privacy projects and DeFi
and now every user who humbly stacked sats on the most compliant podcaster-endorsed KYC exchange out there and withdrew to the hardware wallet they bought under their name using their home or office address
is just one bureaucratic LLM query away from becoming a criminal if he doesn’t disclose every little UTXO?
Bitcoin has no untraceable kind of privacy. Your LSP can leak all the data about your activity to the government. Your favorite custodial Lightning wallet can rug you on demand. Running your own Lightning node will most likely make you lose a lot of money and doesn’t scale anyway.
While you were jerking off to price charts, the regulators caught up. Now they want your name and your wallet addresses on a list that will definitely get leaked in the future.
No privacy, no hope for the future, your hard-earned coins will most likely enrich some EU bureaucrat. You got duped, anon. Thank you for playing!
Arbitrary data (aka “spam”) is the red herring
The goal of Knots is to create a precedent for transaction censorship & UTXO confiscation
Why? Because institutional investors, some of which back Ocean pool, consider Satoshi’s coins an existential risk and want to freeze his BTC to effectively prevent him from ever selling.
Some of the quantum resistance debates aim for the same goal. But they have lesser credibility due to the unconvincing evidence that quantum computers will be able to crack elliptic curve digital signatures anytime soon.
Follow the money.
