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by NicoJuicy 892 days ago
> Bitcoin also doesn't need the approval of any person, police force, legislative body, military, or government.

That's only a good thing in dictatorships, not in democracies.

=> I really don't care. It's not a pro in my life and my continent ( Europe)

Additionally, Bitcoin is super duper easy to track
2 comments
LAMike 890 days ago
> That's only a good thing in dictatorships, not in democracies.

Yes, Bitcoin allows you to be a dictator of your personal finances, compared to fiat, a "democratic" system, where people you never voted into power get to press a button and print as much money as they deem necessary to "stimulate" the economy.

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NicoJuicy 889 days ago
Ugh.

Ok. So when nothing special happens in your perfect currency, it divides by 3 or 4 in value in a year.

Yeah, that seems great! Go for it!

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LAMike 885 days ago
> Yeah, that seems great! Go for it!

I mean, it is the best performing asset of the last 10 years, so yeah, it seems pretty great to anyone who has a brain.

A 98% cash and 2% Bitcoin would beat the SPY returns for any 4 year period since inception. When making investments, its important to have a long term outlook. Do you just live day to day without any planning?

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LAMike 890 days ago
> Additionally, Bitcoin is super duper easy to track

Could you tell me who Satoshi is?

Could you explain how you can track who paid you a Lightning Network invoice?

Have you ever written down a seed phrase or made a Bitcoin transaction on chain?

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NicoJuicy 890 days ago
> Could you tell me who Satoshi is?

Nope, because he's been inactive for 14 years. ( 70% of all accounts are inactive anyways - https://www.coindesk.com/markets/2023/11/23/bitcoin-supply-i... )

> Lightning Network

You mean the SQLite database at third parties in some cases? Or the ones hosted at the cloud providers? https://watcher.guru/news/amazon-google-cloud-host-49-of-bit...

I'm not a government, in case you were wondering. I can't track the edge-cases. I don't have access to KYC

Fyi, noticed the mixing services going offline? https://en.wikipedia.org/wiki/Tornado_Cash

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LAMike 885 days ago
> Nope, because he's been inactive for 14 years

If Bitcoin is so easy to track people why don't you find him?

> You mean the SQLite database at third parties in some cases?

Didn't answer my question, but you know you can run a lightning node at home, right?

> Links to an ETH project

What does that have to do with Bitcoin?

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