semarg

Cryptoanarchy.

[semarg @SemargSemarg]

Відтоді я вважаю себе українцем.

From now on I define myself as Ukrainian.

[semarg @SemargSemarg]

Happy #BitcoinPizzaDay ! 😀

[Joel Valenzuela @TheDesertLynx]

https://t.co/WFlp0VLrkW

[Dash @Dashpay]

Great quick summary writeup of our upcoming implementation of Orchard shielded transactions for the Evolution chain!

[Dash @Dashpay]

https://t.co/4j0fEcrqYZ

[Joel Valenzuela @TheDesertLynx]

https://t.co/qLQxPQihRa

[Joel Valenzuela @TheDesertLynx]

The EU just enacted some pretty Orwellian anti-privacy laws regarding cash and crypto.

Make no mistake, this is very bad!

But it's not (yet) as doomsday as many people have been saying, and there are some silver linings.

WHAT DOES THE NEW LAW SAY?

(if I got any of this wrong, please feel free to correct me in the comments)

Here's the new law that was recently enacted: https://t.co/OS6fioGsHB

Basically, concerning crypto, it prohibits anonymous payments to and from exchanges and custodians. If to/from a noncustodial wallet, the recipient/sender must KYC (give identifying info).

Two notable passages:

"The prohibition [of anonymous crypto-asset accounts] does not apply to providers of hardware and software or providers of self-hosted wallets insofar as they do not possess access to or control over those crypto-assets wallets."

And:

"...two types of crypto-asset service providers: providers engaged in exchange services between virtual currencies and fiat currencies and custodian wallet providers."

Basically, this affects a service that either deals with fiat exchange, or custodial services. Both of those will only be able to deal with identified persons! 🚫🕵️

WHICH SERVICES ARE AFFECTED?

🌐 Exchanges (even crypto-only) will have to KYC all users, and addresses for self-custody

🌐Custodial payment providers and those with automatic fiat conversion will have to KYC all customers

🌐Custodial wallets will have to KYC

🌐Crypto ATMs and noncustodial fiat on-ramps may have to KYC everyone (not 100% sure about this but I think so)

WHAT WILL THE FALLOUT BE?

⚡️Custodial wallets (like popular Lightning wallets like Wallet of Satoshi and Exodus) are screwed, they will need to KYC everyone or shut down

⚡️Custodial merchant payment processors will either KYC everyone (so only accept from custodial wallets), or change their model

⚡️NONcustodial merchant payment processors win big! They can process payments from anyone

⚡️ATMs and no-KYC-under-a-certain-amount on-ramps will go full-KYC or go away

⚡️There will be a growing divide between the KYC crypto ecosystem and the anonymous world

WHAT SHOULD WE DO NOW?!

Decentralize all the things!

Yes, we can (and should!) push back on these regulations, demand to leave the EU, etc., but realistically we need to adjust our behavior.

If we lived 100% on p2p crypto and only used decentralized/noncustodial tools, this new law wouldn't affect anyone at all!

We'll increasingly find this as a trend moving forward: "cypherpunk not affected".

The principles of crypto (self-custody, no fiat, decentralization, privacy, etc.) are there for a reason! Live by them and you protect yourself against dystopian overreach.

My guess is that, publicly, this will look really bad for crypto as many services have to either shut down or perform surveillance for their masters.

But behind the scenes, the decentralized revolution will only grow stronger. ✊

Here for it.

[semarg @SemargSemarg]

@TheDesertLynx The only exception is a war. Mass murder is the only thing state does better than free market.

[Joel Valenzuela @TheDesertLynx]

D - Stakeholder "democracy" on issues that absolute have to be public.

Free market for everything else.

[Пятая Колoнкa @5th_kolonka]

Подходит к концу 2023 год.
Год несбывшихся надежд на изменения к лучшему.
Еще один год мрака, мерзости, лжи и беспросветного пиздеца.

Главное слово 2023г:

"РАЗОЧАРОВАНИЕ"

Во всяком случае, для меня.
Почему? Как так получилось?
И что дальше?

Тред, прочтите, пожалуйста
⏬️

[Joel Valenzuela @TheDesertLynx]

There's a new Bitcoin civil war brewing over ordinals, and privacy! 🪖

We may even see another fork 😱

I'm going to break down as concisely as possible how we got here, why we got here, and how we can avoid this sort of thing moving forward.

Buckle in! 🧑‍🚀
1/16

[semarg @SemargSemarg]

@TheDesertLynx @ChadThoreau @THORChain #1 EX, I hope.

[semarg @SemargSemarg]

@TheDesertLynx @wildtiktokss Taxation is robbery.

[Digital Cash⚡💵 @Dash_Community]

#Dash is now live on the @Maya_Protocol! 🥳🎉🎉Liquidity provision is now open, with trading coming later this week.

Decentralized trading and liquidity comes to Dash, decentralized usable digital cash comes to Maya. 🤝

What this means and what's next 👇

[semarg @SemargSemarg]

@RobertWiecko @Dashpay @Cointelegraph Dash is not missed, guys. This slide in article follows this:
"Dash, a Bitcoin fork, was the first blockchain network to adopt a masternode model. Many other blockchains have since followed suit, including:"

[semarg @SemargSemarg]

@Dash_Community Most awaited.

[Paul DeLucia @paul1delucia]

Dash Platform, Dash's new side chain which will support smart and data contracts, will be the first to implement GroveDB.

https://t.co/CzgiS2P6lw

[Paul DeLucia @paul1delucia]

Awesome thread and report by @Old_Samster on decentralized databases! Here's where GroveDB and Dash Platform @Dashpay fit into the table, as well as some notes on data verifiability 🧵:

[semarg @SemargSemarg]

Личка вся везде закрыта - понимаю, но молчать нету сил, поэтому вот так, в телевизор, по классике, сорян. Короче.
Это изумительно красиво, тонко, очаровательно и вообще полный умопомрачительный блеск. Преклоняюсь и лучи восхищения.

[semarg @SemargSemarg]

В прошлом году я пропустил всю историю с нюдсами @SobolLubov потому что а нафига смотреть, разгонять, помогать ублюдкам. А тут на меня из недр телеги вывалилась фотка, без подписи, но это лицо ж не спутаешь. Я охренел, загуглил, почитал, посмотрел все. И я что хочу сказать?

[Digital Cash⚡💵 @Dash_Community]

Wow! #Dash has several times more nodes than Litecoin, Bitcoin Cash, and Bitcoin SV combined! 🤯

https://t.co/ew26AVDbPx