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Joined 5 months ago
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Cake day: February 5th, 2025

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  • This is wrong. In fact, the reason for inflation is exactly this - Printing money inflates the general supply, which robs you of your purchasing power, aka, makes every piece of money less valuable because there is more of it.

    What we need is good, hard, sound money, that cannot be printed into oblivion by a select few who deem it necessary.

    Gold was this until 1971. But synthatic gold (adds to inflation) has become a problem, plus it’s not hard-capped, inflation is just slow.

    Obviously, we all know the solution by now, or have heard of it, so I’ll just let time do the rest.






  • Bitcoin is pseudonymous - Transactions are transparent, yes, but the addresses are not linked to any PII - The exception comes in when the user uses a Centralised Exchange that does exactly this, it bridges anonymous addresses with PII via KYC.

    Bitcoin can be sold anonymously using P2P DEXs (decentralised exchanges), where the fiat transaction has no link to Bitcoin.

    That’s assuming they even would want to sell.

    All in all, it comes down to how the user uses the tool. Bitcoin can be as privacy preserving as anyone wants. But if they KYC, they can kiss any privacy goodbye, and really, that’s the misunderstanding that has reached most non-Bitcoin users these days. Experiences based on a lack of understanding.