Beaches. Beer. #Bitcoin Butchering Bitcoin FUD
Goa
Joined January 2021
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GM to those undeterred by the shitcoin scams that keep adulterating the space and Bitcoin / Bitcoiners get clubbed because precoiners don't get it.
Congratulations y'all for being at the forefront of the first money whose supply increases less 1% per year. #halving
The UPI apologist class be welcoming this with open arms
FROM RED LIGHT CAMERAS TO FACE FREEZES
We have to think through digital dystopias to figure out how to defend against them.
As further context:
1) The west already has red light cameras for automated ticketing based on license plates, but this would be next level.
2) China is more capable of doing this with faces because they have a better state-level facial recognition database
3) And they’ve begun deploying face recognition glasses to their officers[1]
4) A “face freeze” like what I just described can be done by one officer with one click. Or even a drone.
5) The officer just needs a suitable camera plus access to the state’s AI and face recognition database. It’s “just” a noisy join, mapping each face in a crowd to their personal details. It’s also totally asymmetric — the crowd can’t do it back to the officer.
6) For good measure, the officer could send a push notification to every person in the crowd with their arrest, penalties, and court details.
7) They could even auto-debit their WeChat digital wallets for every minute they remain in the crowd. Like the ultimate red light camera.
8) Masks may help but gait detection can work around it, though that may be hard in a crowd.
9) Really the only true countermeasure is to put at least some of the person’s digital resources outside the control of a centralized state. To decentralize.
10) As context, police have wanted nonviolent crowd control for a while. Bullhorns don’t necessarily work. And tear gas has side effects.
But a “face freeze” like this is scalable, nonviolent, asymmetric, and extremely effective. It really shifts the power to the state. Which is why we need to decentralize.
wsj.com/articles/chinese-pol…
Another day, another melt down of traders/gamblers regarding state over reach.. this time 20% TCS on foreign trips.
The answer has been around for 14 years and counting
Spent a good few hours looking at the responses of self-styled/state-certified financial planners at the latest state attack on individual wealth creation and not one person spoke of exiting the shitty fiat game.
A friend got fired from Byju because he couldn't meet his sales target of selling byju tablets to only 40 rickshaw walas when he was given a target of 50 "rickshaw walas".
And before his HR informed he's fired he was removed from his "Bangalore Tigers" WhatsApp group.
Correlation is causation.
How it started vs how it's going
35 business ideas of how shitcoiners use buzzwords to just peddle their shitcoins when all these 35 ideas (and more) can be improved or disrupted by the best money ever: Bitcoin.
Stop saying "house is a shitcoin" or laughing when someone else says it. The simple nuance in the argument is "the first house is not a shitcoin, the second house is".
Yo @TheSignalDotCo stop spouting dumb opinions unless you have an understanding of a 12-year old will you?
Not happy to, but will help elevate your understanding of Bitcoin. DM me.
Unbelievable, then undeniable.
Gradually, then suddenly.
"I still can't believe that this is the protest that would prove every Bitcoin crank a prophet. And for me to have to slice a piece of humble pie, and admit that I was wrong on crypto's fundamental necessity in Western democracies." world.hey.com/dhh/i-was-wron…
“Private cryptocurrencies or whatever name you call it are a threat to our macroeconomic stability and financial stability. They will undermine the RBI's ability to deal with issues of financial and macroeconomic stability" ~ Shakti knows his job is under threat