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> 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

> 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

LAMike 3y 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.
- NicoJuicy 3y 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!
  - LAMike 3y 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?
LAMike 3y 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?
- NicoJuicy 3y 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-inactive-for-a-year-hits-record-high-of-70 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-bitcoin-lightning-nodes 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 https://en.wikipedia.org/wiki/Tornado_Cash
  - LAMike 3y 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?

LAMike 3y 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.

NicoJuicy 3y 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!
- LAMike 3y 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?

LAMike 3y 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?

NicoJuicy 3y 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-inactive-for-a-year-hits-record-high-of-70 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-bitcoin-lightning-nodes 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 https://en.wikipedia.org/wiki/Tornado_Cash
- LAMike 3y 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?