Bitcoin failed to deliver.

MrMuppet said:
You confuse survaillance with permission. If you do a bank transfer, you can click a button in your online banking account but the final decision for initiating the transfer is still done by a third party.
If it doesn't like the transfer, it won't go through. On a permissionless system you can still initiate the transaction whether you get prosecuted for the transaction or not is another question.
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I don't. User johnarb also got into an argument with me last time around I tinkered in the crypt threads. Check my post history if you have the time, or no worries if you don't.

Surveillance and Permission/Censorship go together. E.g

https://twitter.com/x/status/1536487362162790400


There is a permission, because there is transparency and there is surveillance. Current era BTC propagandists are neither Bitcoiners, nor traders nor any positive attributes that inspired me into Bitcoin long time ago. Most folks nowadays are ponzi scam peddlers and stablecoin pushers in disguise using Bitcoin as the tool to propagate it.

Wait until Tether melts. Most of them will be back sucking to Elon, Saylor and Adam Back to bail them out and continued USDC/USDT printing to lure a Somalian farmer to stack sats so that the Petabyte miner in Seattle can pay his utility bills in fiat.
 
tifoji said:
I don't. User johnarb also got into an argument with me last time around I tinkered in the crypt threads. Check my post history if you have the time, or no worries if you don't.

Surveillance and Permission/Censorship go together. E.g

https://twitter.com/x/status/1536487362162790400
.
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Bitcoin p2p transactions can be surveilled on the blockchain but cannot be censored

Coinbase custodial Bitcoins belong to Coinbase. Coinbase can enforce whatever rules they wish

You're aware of this, so why do you want to gaslight everyone on ET
 
johnarb said:
Why would I spend my BTC?? Why don't you send your BTC to the address and post the transaction ID on here??
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I don't transfer BTC to this address because it is blacklisted and sanctioned. I need permission from the US Govt to have some miner pick it up and hopefully has more hash power than the OFAC compliant ones that make up more than 50% of the hash rate to even go through. Most likely it will be dropped before the transaction goes through. Even if I am successful, the US Govt will try to track me down and I don't want to deal with these kind of things.

You are saying that BTC has no such problems. The onus is on you to prove so and can easily be done by sending a $1 equivalent in BTC sats to prove a point. Surely that isn't a problem for you?
 
User 1: That hill is hundred feet, all you need are these shiny shoes to climb it.

User 2: That's not true anymore. It was certainly doable before they put all these shit.

User 3: User 2 is a gaslighter.

User 2: There are roadblocks and even if you cross them, there is a layer of minefield these days. Here is evidence of such a roadblock and minefield because of which I no longer recommend climbing the hill. To prove me wrong, you can surely put on those shiny shoes and just cross the roadblock.

Users 3: What the fuck? Why will I cross the roadblock and minefield? Why don't you do it yourself to prove that your argument was wrong and prove to the entire village that you are a gaslighter.


This is the level nowadays.
 
tifoji said:
I don't transfer BTC to this address because it is blacklisted and sanctioned. I need permission from the US Govt to have some miner pick it up and hopefully has more hash power than the OFAC compliant ones that make up more than 50% of the hash rate to even go through. Most likely it will be dropped before the transaction goes through. Even if I am successful, the US Govt will try to track me down and I don't want to deal with these kind of things.

You are saying that BTC has no such problems. The onus is on you to prove so and can easily be done by sending a $1 equivalent in BTC sats to prove a point. Surely that isn't a problem for you?
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I don't transfer BTC to darknet markets and I won't commit a criminal act and blacklist my BTC address

Majority of the Bitcoin miners are not OFAC compliant, even MARA dropped that effort when they found out there was no financial incentive

The transaction will go through and I do not have to prove it to you. You have to prove to us that it won't go through which you already said a non-OFAC compliant Bitcoin miner will confirm the transaction so you're even agreeing with me that the transaction will go through

Any miner can mine it and confirm it on a block, which is the only thing needed. Even a mining farm with 1% or less of the network hash rate can confirm the block

If anyone wants to send BTC to KARASAV1Dl, Dm1trii, all he has to do is wipe out his computer, install linux, install the Bitcoin software, generate 1,000,000 BTC addresses, and any of those addresses are valid for receiving BTC's, but I'm sure you knew that

What if the sender of BTC is from China or North Korea?

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I noticed you used permission again. Do you think asking permission from the US Govt to commit an illegal act is a valid argument? Why don't you ask the US Govt if you can commit a murder?
 
johnarb said:
Bitcoin p2p transactions can be surveilled on the blockchain but cannot be censored

Coinbase custodial Bitcoins belong to Coinbase. Coinbase can enforce whatever rules they wish

You're aware of this, so why do you want to gaslight everyone on ET
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People keep crypto on Coinbase? Wtf?
 
johnarb said:
I don't transfer BTC to darknet markets and I won't commit a criminal act and blacklist my BTC address
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Blacklist/Whitelist are features of permissioned systems. What you are describing below is subversion from the permission. This will always be the case with non fungible chains. You are by definition proving my point.

Majority of the Bitcoin miners are not OFAC compliant, even MARA dropped that effort when they found out there was no financial incentive
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For now but I haven't checked stats. And not because of lack of financial incentive. This can and will be done as surveillance has increased and BTC is like CBDC lite in this regard with the architecture. Then salesmen will have to sing a new narrative about censorship resistance coins (with whitelisted addresses only) kind of language permissioned by the SEC.

The transaction will go through and I do not have to prove it to you.
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Takes a few clicks to prove me wrong. But then again you already described it above yourself.
 
johnarb said:
I don't transfer BTC to darknet markets and I won't commit a criminal act and blacklist my BTC address
...
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I noticed you used permission again. Do you think asking permission from the US Govt to commit an illegal act is a valid argument? Why don't you ask the US Govt if you can commit a murder?
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Since you guys are sending BTC willy-nilly over the internet, can I have some? I can give you my e-mail address.

What's that? It doesn't work that way? Oh, rats.

 
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