bostonwine on Nostr: 2 stacks, side by side, if you ask me. It’s a hedge - in a world or nation with ...
2 stacks, side by side, if you ask me.
It’s a hedge - in a world or nation with widespread adoption, we may find regulations where most merchants are only willing to accept Bitcoin that was purchased on an exchange. Or not coinjoined. Or directly KYC’d. Etc etc.
In that version of the future, it will be quite expedient to have some less-than-private sats, for when you want to buy groceries, gas, and pay bills.
It may, at the same time, be helpful to have a more private stack, for all the reasons that we already know re: non-KYC corn.
Or, maybe, the future looks like a place where the “cypherpunk vision” of proper digital privacy is the norm. In this world, you can coinjoin your KYC’d corn for privacy, or use peer-to-peer, or whatever. (Still, good to be mindful of 6102 etc risks).
I think all bitcoiners agree that Bitcoin will play an incredibly significant role in the monetary future of humanity, but none of us have the crystal ball to see exactly how it plays out.
It literally pays to prepare for various futures. My two sats 🫡
It’s a hedge - in a world or nation with widespread adoption, we may find regulations where most merchants are only willing to accept Bitcoin that was purchased on an exchange. Or not coinjoined. Or directly KYC’d. Etc etc.
In that version of the future, it will be quite expedient to have some less-than-private sats, for when you want to buy groceries, gas, and pay bills.
It may, at the same time, be helpful to have a more private stack, for all the reasons that we already know re: non-KYC corn.
Or, maybe, the future looks like a place where the “cypherpunk vision” of proper digital privacy is the norm. In this world, you can coinjoin your KYC’d corn for privacy, or use peer-to-peer, or whatever. (Still, good to be mindful of 6102 etc risks).
I think all bitcoiners agree that Bitcoin will play an incredibly significant role in the monetary future of humanity, but none of us have the crystal ball to see exactly how it plays out.
It literally pays to prepare for various futures. My two sats 🫡