Ov1, a Taoist Bitcoiner on Nostr: Restoring the fundamental human right to financial privacy solidifies the ...
Restoring the fundamental human right to financial privacy solidifies the foundational freedom upon which ALL other freedoms are built. Simply bringing humanity back to the place where it had been in all places throughout all time, previous to the Bank Secrecy Act, will be a major win in the war upon individual freedom and autonomy.
The Art of War teaches us to attack the enemy's strategy, their most effective enslavement tactic these days is financial surveillance. The weaknesses of the legacy system against preventing fraud has been to force half of humanity to Dox itself, while locking those unable to provide the 'papers' out of international markets entirely.
The solution is found in the problem, KYC regulations, aren't necessary with a 'push' payment protocol like Bitcoin, only for 'pull' payment protocols that force spenders to leak full withdrawal data every time and everywhere money is spent online. I.e. rather than handing your entire cash wallet to vendors who hopefully only pull out what they're supposed to, we hand only the cash to them necessary to complete payment out of our own wallets.
Imagine handing your entire bank account to every bartender in order to open a bar tab, this is effectively what everyone does when handing over a credit or debit card. So, of course, such a weak security protocol requires charge backs to validate claims of fraud. Their weaknesses have been used to enslave their users, leaving us the only option of refusing to use their fiat ledgers entirely, by operating on a personal and professional Satoshi Standard (a more accurate framing as most of humanity will NEVER become whole-coiners, merely chasing sats from the few who control a full Bitcoin's worth of satoshis)
The Art of War teaches us to attack the enemy's strategy, their most effective enslavement tactic these days is financial surveillance. The weaknesses of the legacy system against preventing fraud has been to force half of humanity to Dox itself, while locking those unable to provide the 'papers' out of international markets entirely.
The solution is found in the problem, KYC regulations, aren't necessary with a 'push' payment protocol like Bitcoin, only for 'pull' payment protocols that force spenders to leak full withdrawal data every time and everywhere money is spent online. I.e. rather than handing your entire cash wallet to vendors who hopefully only pull out what they're supposed to, we hand only the cash to them necessary to complete payment out of our own wallets.
Imagine handing your entire bank account to every bartender in order to open a bar tab, this is effectively what everyone does when handing over a credit or debit card. So, of course, such a weak security protocol requires charge backs to validate claims of fraud. Their weaknesses have been used to enslave their users, leaving us the only option of refusing to use their fiat ledgers entirely, by operating on a personal and professional Satoshi Standard (a more accurate framing as most of humanity will NEVER become whole-coiners, merely chasing sats from the few who control a full Bitcoin's worth of satoshis)