@Scoresby149
stacking since: #74100longest cowboy streak: 149
100 sats \ 0 replies \ @Scoresby OP 1h \ parent \ on: Cashu: This will allow integrating Ecash into existing KYC/AML infrastructure bitcoin
Yeah, @Natalia linked in her comment to this explanation by calle on nostr.
So it sounds like you are correct.
Yes, in general I feel like "kyc is the illicit activity" and giving any ground on this front seems bad.
On the other hand, I didn't build cashu. The people who did have every right to build it however they like. And they probably have more insight into what their customers want than I do.
It struck me particularly strong me in light of the Tornado Cash ruling where it said the developers didn't build AML/KYC into the contract when they could have and so were culpable.
I think the headline strongly overstates the case. The officials quoted in the piece sound like they are giving canned "there, there" responses:
the IRS is actually a big fan of privacy, all we want to do is catch the ransomware guys. You just have to trust us, there's a method to the madness.
Yeah, and what exactly can I keep private from them?
It's above my paygrade, but we all know the real crime happens in the traditional banking system
Of course they know it. That's why they are coming after the little guy and his $600 btc buy and the open source wallet he wants to secure it with.
I don't hear these officials saying anything other then placation.
I still maintain that it would be nice to get a notification when your post is downzapped. Doesn't have to say who did it, but how else do you get the signal that your content was so off-putting yo someone that they took the trouble yo spend money to say so?
I agree, but many people buy/sell on kyc exchanges. Even using Core won't help with that. (Although it does have coin control and labeling)
I concur. Use Phoenix a lot. It's very simple LN with a focus on ease of use.
accidentally expensive
Because you have only the one channel with acinq's node, if you receive more than your inbound, it will automatically splice for you (even if on chain fees are high). If you aren't paying attention a small LN receive can cause an on chain txn. They have a setting for limiting how much you are willing to pay in fees, but it can be a footgun if you aren't careful.
Also, because they allow you to send out to on chain from your LN channel (via splicing) you might wreck your inbound if you don't understand LN liquidity.
I've seen people pay for inbound liquidity, receive maybe half, and then send out to on chain not understanding that the splice will resize their channel and decrease their inbound. They could explain it better in the app.
Overall though, its a good wallet that rarely has issues with failed payments. Highly recommend.
Not everyone will like it but it doesn't matter because it can't be stopped.
This is the bitcoin ethos.
I read this one because I've read a few other Pynchon books that I liked. Gravity's Rainbow is similarly muddy but he got me with the v2 rocket thing (rockets falling randomly over London but also always some place the main character was a few days ago, but also statisticians say it's just a coincidence) caught my imagination.
Which leads to your larger point: if the world started with something like Finnegan's Wake I doubt we ever would have heard of Joyce. But Ulysses was something new and maybe even a good read. So these artists build trust by producing things we do think are good and then they step out into unknown territory and try something unexpected.
There are no guarantees that it works out. And they definitely get to draft off their previous success. But sometimes it works out and we end up adapting our sensibilities to this new thing and it turns out to be quite enjoyable.
(I don't think it worked out for Pynchon here--it will be a while before I read another one of his books)
Apparently calle is an Amethyst fan.
65 sats \ 3 replies \ @Scoresby OP 8 May \ parent \ on: Which android nostr client do you prefer? nostr
A year or so back, I tried amethyst and had a similar issue. Maybe Ir's better now?
Also Primal was recently in the news for linking kyc info to your npub. So maybe people are grumpy about that?
British food is awful. They developed one of the most powerful naval forces in history because all the flavorful food was not near them. Sailing all the way around the southern tip of Africa or South America to get lunch got old, and so they came up with the idea of sailing over the top of Canada. Obviously, only the British would solve a problem this way.
Whaling captains had already been sailing into the North (because of another British idea: let's burn whale brains to light our homes) and pretty much knew that a sea-route over the top of Canada was never going to be a cost-effective way to get to good food. However, none of the people in the British navy listened to the whalers because they thought they were blue-collar rednecks. Thus began two centuries of arctic disaster culminating in the woeful search for the lackluster hero Sir John Franklin and the dubious claim that he completed the first circuit of the Northwest Passage (even if it was as a frozen corpse).
Should have listened to the whalers.
Also: thanks for the kind words. It's a rare mirror that shows you the hard to see sides yourself.