[-] makeasnek@lemmy.ml -3 points 2 months ago* (last edited 2 months ago)

Anyone can view your transaction history if they know your wallet address

Not true with lightning. Lighting transactions are known only to the sender, recipient, and any intermediary routing nodes, not the entire world. Even on main chain, You can make as many addresses as you want and achieve significant privacy/anonymity using techniques like coinjoin.

Also, it’s not true that it hasn’t seen downtime. It has happened at least once in its early days due to a bug.

Maybe in the first year or two of operation, but it's been more stable than my bank, my internet connection, or the credit card processors, all of whom have had major outages since then. Which is 10+ years.

Also, there has been many times where it taken more than an hour between blocks. This is more to its probabilistic nature.

Two hours but 99% of the time the next block comes in 10 minutes. Still faster and cheaper than a bank wire or other common payment scenarios. Lightning wouldn't be effected by this. This happens less often as the network grows and stability of hashpower increases. If you need speed, you use lightning, not main chain.

[-] makeasnek@lemmy.ml 28 points 2 months ago

We beat it last time.

[-] makeasnek@lemmy.ml -4 points 2 months ago* (last edited 2 months ago)

Lightning scales very well. Your information is outdated. A single bitcoin transaction can open a lightning channel. You can have trillions of transactions in a lightning channel between you and anybody else with a lightning wallet. All settle instantly for pennies in fees. They literally happen in under a second. In the last two months, Nostr users alone (decentralized twitter clone like Mastodon) sent each other 2.6 million tips (individual transactions) over Bitcoin lightning. Lightning is decentralized and trustless, just like Bitcoin.

No matter how you slice it: market cap, number of nodes, number of transactions, value of transactions, etc. Bitcoin is on a 15-year trend of growth on average.

[-] makeasnek@lemmy.ml 70 points 2 months ago

Chat control was beat. This can be too. Contact your MEP, let them know this issue is important to you: https://www.europarl.europa.eu/meps/en/home

[-] makeasnek@lemmy.ml 17 points 2 months ago

Chat control was beat. This can be too. Contact your MEP, let them know this issue is important to you: https://www.europarl.europa.eu/meps/en/home

[-] makeasnek@lemmy.ml 2 points 2 months ago* (last edited 2 months ago)

Crypto won’t scale

And yet every year, for 15 years, the transaction capacity has continued to increase. Networking protocols (TCP/IP, SMTP, etc) also didn't scale to "internet scale" in the first 15 years. They just kept adding new layers to the stack and optimizing it until it did. Just like Bitcoin added Lightning, Taproot, etc to improve scaling.

In the last two months, Nostr users alone (decentralized twitter clone like Mastodon) sent each other 2.6 million tips (individual transactions) over Bitcoin lightning. None of that requires an on-chain transaction, none of it required high fees. It works. It scales. It continues to improve. Lightning has capacity for trillions more transactions because capacity is not tied to chain space.

Also bitcoin isn’t even private and you are basically shouting to the world every time you make a payment.

Bitcoin is pseudonymous. If you make a wallet, nobody knows you own that wallet unless you tell them (or a third party like an exchange), but the balance and transactions on-chain are visible. There are ways to make your transactions more private, like coinjoin, you can have multiple addresses with multiple coins.

With lightning, transactions are opaque except to you and any nodes you route through, because lightning transactions don't go on chain. This also means nobody knows your current balance. If you make a transaction between two lightning nodes that share a channel, nobody knows that transaction was made outside of those two nodes. Privacy continues to improve, see BOLT 12 for the latest upgrades in this area.

[-] makeasnek@lemmy.ml 1 points 2 months ago* (last edited 2 months ago)

At a high demand time, it could take hours to complete a transaction (if it even went through at all) and with an outrageous fee up to dozens of dollars.

Bitcoin has never been known for time efficient nor competitive fees (except for maybe in the beginning when nobody uses it).

At least you admit people use it. Bitcoin lightning enables transactions in under a second for pennies in fees, it's been around for 5+ years. Your information is outdated. In the last two months, Nostr users alone (decentralized twitter clone like Mastodon) sent each other 2.6 million tips (individual transactions) over Bitcoin lightning. None of that requires an on-chain transaction, none of it required high fees. It works. It scales. It continues to improve.

[-] makeasnek@lemmy.ml -2 points 2 months ago* (last edited 2 months ago)

I’ve had bitcoin transactions that literally took several days to process. This was also using an average fee.

I use Bitcoin regularly, this has literally never happened to me. If your transaction took days either you accidentally set a super low fee or your wallet was bugged somehow. Generally speaking the only way an "average fee" transaction takes more than a block or two is if you pay an average fee right before a rare massive fee spike, in which case, you can do a "replacement" transaction by upping the fee or just wait. Look up "average Bitcoin transaction fees" if you want to see rarity and size of fee spikes.

A handful of minutes or hours in a high-fee scenario, btw, is still much faster than ACH or international wires. Even if the money appears to move that quickly with traditional banking, full settlement is often measured in days to weeks, ask any vendor whose had a chargeback or anybody whose tried to "withdraw" from their Venmo right after depositing to it. Bitcoin's main chain and Fedwire (used to settle liquidity between US banks) have equivalent daily transaction capacity.

You can open a lightning channel with a single on-chain transaction. That lightning channel can stay open for years and process trillions of transactions, instantly, for pennies in fees. If you need a transaction done quickly, you shouldn't be sending it on main chain to begin with.

Long-term the vision is for folks to be using lightning or other L2s for everyday transactions, not main chain. Most Bitcoin transactions by transaction count are already on lightning. Lightning has been out for 5+ years now. It works well and gets better every year.

[-] makeasnek@lemmy.ml 21 points 2 months ago

Trump has tried to distance himself from Project 2025, but it is clear that he supports and is supported[1] by Project 2025’s many authors[2] including his own press secretary and many members of his cabinet. He has, for example, called Project 2025 “our agenda”[4] and is personally mentioned hundreds of times in the document. By the Heritage Foundation’s own count, Trump already implemented a majority of their recommendations during his last term [3] and 81% of Project 2025’s authors held official appointments in his administration[5].

  1. https://democrats.org/news/project-2025-is-undeniably-a-trump-driven-operation/

2 https://www.msnbc.com/opinion/msnbc-opinion/trump-project-2025-truth-social-rcna160774

  1. https://www.heritage.org/impact/trump-administration-embraces-heritage-foundation-policy-recommendations

  2. https://www.heritage.org/impact/heritage-analysis-trump-administrations-first-year-draws-high-profile-attention

  3. https://popular.info/p/what-trump-doesnt-want-you-to-know

[-] makeasnek@lemmy.ml -5 points 2 months ago* (last edited 2 months ago)

Bitcoin lightning is absolutely hilarious. Your solution to Bitcoins problems is - not using Bitcoin. Wow, galaxy brain move.

Bitcoin lightning is Bitcoin. It's a smart contract on the Bitcoin main chain. You move Bitcoin "into" lightning by sending it to that smart contract, you move it "out of" lightning by having that smart contract close. It inherits the security of Bitcoin main chain while getting the transaction speed of off-chain.

Agree to disagree about the rest. Energy use like carbon footprint is about "where you draw the box". Off-peak demand is the cheapest power available, and it tends to be renewable. That trend continues to escalate.

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submitted 3 months ago by makeasnek@lemmy.ml to c/asklemmy@lemmy.ml

I have heard a few different strategies for this. For example "Upvote everything, even if you disagree with it, if it contributes to discussion". But my concern with this strategy is that it means the first posted comments just get upvoted the highest regardless of their quality relative to other comments (as all comments which contribute to discussion get upvoted).

So, my questions for lemmy:

  1. How do you hand out upvotes and why?
  2. If somebody could leave you a tip on your comment or post if they liked it (3c, $1, whatever), would you be interested in that functionality? Nostr has this and I find it pretty fun. I would hand out tips here but there is no functionality for it.
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submitted 3 months ago* (last edited 3 months ago) by makeasnek@lemmy.ml to c/losangeles@lemmy.world

cross-posted from: https://lemmy.ml/post/17900388

The City of Santa Monica is making history by opening an official Bitcoin office. The city council unanimously voted to pilot the office in partnership with the nonprofit Proof of Workforce at no cost to the city.|

-11
submitted 3 months ago* (last edited 3 months ago) by makeasnek@lemmy.ml to c/privacy@lemmy.ml

On P2P payments from their FAQ: "While the payment appears to be directly between wallets, technically the operation is intermediated by the payment service provider which will typically be legally required to identify the recipient of the funds before allowing the transaction to complete."

How about, no? How about me paying €50 to my friend for fixing my bike doesn’t need to be intermediated, KYCed, and blocked if they don't approve of it or know who the recipient is? How about it’s none of the government’s business how I split the bill at dinner with friends? This level of surveillance is madness, especially coming from an app that touts "privacy" as a feature.

GNU Taler is a trojan horse to enable CBDC adoption. They are the friendly face to an absolutely terrifying level of government control in our lives funded by the same government that tries every year to implement chat control. Imagine your least favourite political party gaining power. Now imagine they can see and control every transaction you make. No thanks.

82
submitted 3 months ago by makeasnek@lemmy.ml to c/opensource@lemmy.ml

Asking for a friend who just graduated the academy but hasn't gotten their ship assignment yet and wants to get started early

15
submitted 3 months ago by makeasnek@lemmy.ml to c/privacy@lemmy.ml
734
submitted 3 months ago by makeasnek@lemmy.ml to c/memes@lemmy.ml
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submitted 3 months ago by makeasnek@lemmy.ml to c/politics@lemmy.world
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submitted 3 months ago by makeasnek@lemmy.ml to c/pics@lemmy.ml

Source: Stella Assange via nostr

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submitted 3 months ago by makeasnek@lemmy.ml to c/privacy@lemmy.ml

cross-posted from: https://feddit.org/post/317047

in February 2024, the EU Parliament adopted the eIDAS regulation, creating the framework for a "European Digital Identity Wallet". This digital Wallet will enable citizens to identify themselves in a legally binding manner, both online and offline, sign documents, login into websites and share personal data about them with others. Recently, the European Commission published the Architectural Reference Framework (ARF) 1.4 for the technical implementation of the Wallet.

The success of the EU Digital Identity Wallet depends on its ability to gain citizens' trust and establish a resilient infrastructure in our current data-driven economy.

"However, after our analysis, we believe that this goal has been missed," says the digital rights group Epicenter Works.

"We see severe shortcomings in the ARF that either contradict the regulation or ignore important elements of it. These issues, if left unaddressed, could significantly undermine user rights and privacy."

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submitted 3 months ago by makeasnek@lemmy.ml to c/privacy@lemmy.ml

cross-posted from: https://lemmy.sdf.org/post/18833721

I hate that groups like the ACLU have to defend nazi scum to protect my liberties. Better that the government not violate our rights in the first place, but in lieu of that, even nazi scum is subject to the same rights and due process as any other citizen. However, I wouldn’t mind if they got pantsed a couple of times by their lawyers.

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submitted 3 months ago by makeasnek@lemmy.ml to c/videos@lemmy.world
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submitted 3 months ago by makeasnek@lemmy.ml to c/opensource@lemmy.ml

If so, how do you choose which ones to donate to? Do you prefer regular or recurring donations? What payment methods do you like to use?

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makeasnek

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