neb_b

6 ms·

31.
by neb_b 4y ago
Sure for smaller proof of work coins, and maybe today. It would require a massive amount of money, energy, coordination, and time - and it's getting harder to do as the total hashpower grows every day.
32.
by neb_b 4y ago
There are ways to avoid your transactions being tracked. Coinjoin transactions, purchasing a miner for non-kyc bitcoin, payments on the lightning network, etc
33.
by neb_b 4y ago
It allows for uncensorable transactions. Which is an improvement to people living in authoritarian countries with governments trying to stop its citizens from saving and transacting freely.
34.
by neb_b 4y ago
The key is that they can look at the ledger, but not alter the ledger. But also privacy improvements to the bitcoin protocol, privacy focused transactions like coinjoins, and payments on the lightning network help hide that even more.
35.
by neb_b 4y ago
I think it's more that it's delivering in a practical way to people that live in authoritarian governments with currencies that are more unstable than bitcoin. In places where the citizens have to deal with their governments liter
36.
by neb_b 5y ago
The leading blockchain surveillance company put out a crime report that estimated just 0.15% of cryptocurrency transactions involved illicit activity. > In fact, with the growth of legitimate cryptocurrency usage far outpacing the growth
37.
Check Your Financial Privilege(bitcoinmagazine.com)
1 points by neb_b 5y ago|0 comments
38.
by neb_b 5y ago
You are wrong about lightning. You can use a third party custodian, but it's possible to control the keys to your bitcoin locked up in lightning channels. At any point you can "withdraw" your bitcoin back to the main chain. I
39.
by neb_b 5y ago
As long as bitcoin exists, the battle is not lost.
40.
by neb_b 5y ago
Just finished building the first version of dono.at. It's built with the Streamlabs API and the Strike lightning API. You can view the code here: https://github.com/neb-b/dono.at
41.
Show HN: Receive instant Bitcoin donations with Streamlabs alerts(dono.at)
2 points by neb_b 5y ago|1 comments
42.
by neb_b 5y ago
the president of el salvadors response https://twitter.com/nayibbukele/status/1483194959989719059 > BREAKING: EL SALVADOR DGAF
43.
by neb_b 5y ago
Your transactions/second number ignores the lightning network
44.
by neb_b 5y ago
Yes, you can send funds from Chivo wallet to any bitcoin wallet (or the other way around)
45.
RadioShack – Bringing Cryptocurrency to the Mainstream(radioshack.com)
46 points by neb_b 5y ago|61 comments
46.
by neb_b 5y ago
fast and low cost remittance is a pretty good use case
47.
by neb_b 5y ago
The lightning network is getting more popular. More people are using that for smaller transactions
48.
by neb_b 5y ago
Sure, but that doesn't mean the majority of the network will switch to using that new fork.
49.
by neb_b 5y ago
Also instagram and messenger
50.
by neb_b 5y ago
Confusing sentence. It could be rewritten as "Strike works in El Salvador and all US states except New York and Hawaii"
51.
by neb_b 5y ago
This link leads to a 404
52.
by neb_b 5y ago
That's not true
53.
by neb_b 5y ago
That's anecdotal. I know many people that use bitcoin every day. Bitcoin is much more useful (currently) to people that don't have access to traditional banking systems that many people take for granted.
54.
by neb_b 5y ago
You are lucky that you had access to those services. In many poor countries the majority of citizens do not have a bank account. Even if international banks created these services (why haven't they done more of this already if it'
55.
by neb_b 5y ago
How so?
56.
by neb_b 5y ago
Bitcoin onchain payments are still faster and cheaper than using something like Western Union. The lightning network is even faster and cheaper than that. https://twitter.com/jackmallers/status/1428429890957848591
57.
by neb_b 5y ago
Do you have a source for that?
58.
by neb_b 5y ago
Also, thank you for providing fast and cheap remittance payments to poorer countries.
59.
Using the Lightning Network to Send Instant Remittances to Nigeria/Ghana from US(twitter.com)
2 points by neb_b 5y ago|0 comments
60.
by neb_b 5y ago
The people that need it won't sell. Bitcoin is most useful in countries already living under authoritarian rule with no access to traditional banking.

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