Post AyWsKb27ZGnzEdGhtI by raucao@kosmos.social
(DIR) More posts by raucao@kosmos.social
(DIR) Post #AyWir3h1Y2dxqYF0Ai by dcc@annihilation.social
2025-09-24T09:21:50.682581Z
1 likes, 1 repeats
@yukiame I can't wait for a one world currency that's digital only........the_dream_is_dead.jpg
(DIR) Post #AyWjKcjYLWnqvCWP68 by cjd@pkteerium.xyz
2025-09-24T09:27:22.169448Z
0 likes, 0 repeats
> Digital onlyStupidest idea ever. There will be paper bitcoin receipts even if I have to open that bank myself.
(DIR) Post #AyWjaXD4eSHUQHuu0G by yukiame@noauthority.social
2025-09-24T09:28:40Z
1 likes, 0 repeats
@cjd @dcc Do it
(DIR) Post #AyWjl1o5kO6uDKEdwe by cjd@pkteerium.xyz
2025-09-24T09:32:13.150084Z
1 likes, 1 repeats
Here's what I might actually do at some point:Small physical device that has a private key and an e-ink display and is powered by NFC.You can make it display the private key, but once you do, it will never display the public key again (until you generate a new one).So if it's displaying the pubkey, you can believe that it the privkey has never leaked off of the chip.Tamper evident.Think of something about the size and shape of a swiss watch, that can hold (generally) 100$ or 1000$ of BTC.
(DIR) Post #AyWmchhwtIi9QK5Hm4 by raucao@kosmos.social
2025-09-24T09:59:32Z
3 likes, 1 repeats
@cjd @dcc @yukiame People have been experimenting with similar ideas for a while. Here's one example: https://offline.cash/
(DIR) Post #AyWmcivoLFOTDbZs1I by raucao@kosmos.social
2025-09-24T10:02:49Z
1 likes, 0 repeats
@cjd @dcc @yukiame The criticism of digital-only is rather misguided IMO. All fiat currencies right now are almost entirely digital. Physical bearer notes make up a very small amount compared to overall currency units, and issuance information is all digital anyway. The question is if you want that information to only be stored on central and private bank servers, or if you want that information distributed all across the globe.
(DIR) Post #AyWmcjlDG8Vhn1cv8i by dcc@annihilation.social
2025-09-24T10:04:20.242409Z
1 likes, 1 repeats
@raucao @cjd @yukiame I can go buy a hotdog with cash rn, and not be tracked by the cash. Come on.
(DIR) Post #AyWmqRuUQIzCTwVKbo by raucao@kosmos.social
2025-09-24T10:05:13Z
1 likes, 0 repeats
@dcc @yukiame @cjd I can buy a VPN service via #LightningNetwork instantly right now, and not be tracked by digital payments.
(DIR) Post #AyWmqSx0YQavi2grAm by dcc@annihilation.social
2025-09-24T10:06:35.508870Z
1 likes, 1 repeats
@raucao @yukiame @cjd You would have to be using monero.... Second i'm talking about the physical world.
(DIR) Post #AyWnDhVsZs6xXC52Rs by raucao@kosmos.social
2025-09-24T10:08:48Z
1 likes, 0 repeats
@dcc @yukiame @cjd You should learn how Lightning works before making statements like that. And yes, I also regularly buy things in the physical world with it using my phone. You put up an example where cash is great, and I put up an example where cash is terrible. It's not black and white.
(DIR) Post #AyWnDiMhPUMWB0nDmK by dcc@annihilation.social
2025-09-24T10:11:04.361558Z
1 likes, 1 repeats
@raucao @yukiame @cjd > where cash is terribleWhy would it be? you can just send a envelope lol.
(DIR) Post #AyWnS8zxBYxepe2C5A by raucao@kosmos.social
2025-09-24T10:11:54Z
1 likes, 0 repeats
@dcc @yukiame @cjd The envelope would be stamped with a rough location, it would take days to arrive, it costs much more money and time, etc.. It's objectively terrible for buying something online.
(DIR) Post #AyWnS9yDZVAPqYEK12 by dcc@annihilation.social
2025-09-24T10:13:40.867279Z
1 likes, 1 repeats
@raucao @yukiame @cjd >costs much more money and time, etcNo not really, especially compared to what coin the government will instate( not the one you are suggesting lol ) as a way to pay. Cash, gold, etc is king,
(DIR) Post #AyWnip9GEwn6BwLE92 by raucao@kosmos.social
2025-09-24T10:15:58Z
1 likes, 0 repeats
@dcc @yukiame @cjd It literally takes me less than 10 seconds to pay for something online with Lightning, including opening the wallet and confirming the payment. If you want to send cash, first you need an envelope, then a stamp, then write the address, bring the envelope to a post box, ideally not directly where you live, then wait until it arrives and hope the receiver acknowledges the anonymous payment.How on Earth is that not more expensive and time-consuming than pressing 2 buttons?
(DIR) Post #AyWo3DVHOjRzWGMex6 by cjd@pkteerium.xyz
2025-09-24T10:20:15.866872Z
0 likes, 0 repeats
Nobody is gonna mail cash, and the recipient has to worry if it's counterfeit and they can't just hand it back, that's not happening.But on the other side, it's stupid not to have some kind of cash-like thing to spend when you're at a store, the point is that whatever it is it needs widespread adoption.Central banks have some dream of making everyone use digital currency exclusively - but then the "digital currency" ends up being Bitcoin and they're the fuck out of a job, and then sanity returns and people find some kind of paper that they can use for small over-the-counter transactions because it just makes sense...
(DIR) Post #AyWoG1whgFATRFIlvs by yukiame@noauthority.social
2025-09-24T10:21:37Z
1 likes, 0 repeats
@cjd @dcc @raucao no it will be lightning payed from mobile throu NFC and terminal at merchant
(DIR) Post #AyWoGp5EzI6zpufmXg by dcc@annihilation.social
2025-09-24T10:22:27.220391Z
0 likes, 1 repeats
@cjd @raucao @yukiame Whats going to happen it's not going to be bitcoin or anything people want..... So again cash is king.
(DIR) Post #AyWoXhVeOukhGj4dvc by dcc@annihilation.social
2025-09-24T10:25:25.560833Z
0 likes, 1 repeats
@yukiame @raucao @cjd Can't wait to be tracked..
(DIR) Post #AyWoaWkwpzyEmqZpZI by cjd@pkteerium.xyz
2025-09-24T10:26:20.612119Z
2 likes, 0 repeats
Maybe, and maybe it will just be VISA transacting BTC promises. Don't underestimate people's willingness to just use a bank for fast settlement of small amounts. Bitcoin's huge value is that you can take your net worth out to a cold wallet.And then there's me, and I hate phones and I would prefer to hold bullshit central bank cash over having to carry a phone with me. If your vision is that everyone transacts with a phone, I'll be the holdout using USD or EUR.
(DIR) Post #AyWohfS8tz9PmoBZGC by dcc@annihilation.social
2025-09-24T10:27:09.364542Z
1 likes, 1 repeats
@cjd @raucao @yukiame >I'll be the holdout using USD or EUR.Same
(DIR) Post #AyWsKb27ZGnzEdGhtI by raucao@kosmos.social
2025-09-24T10:30:38Z
1 likes, 0 repeats
@cjd @dcc @yukiame As I said, I also think that cash is the next-best thing. As long as I can get cash from my savings out in whatever currency is accepted locally somewhere, I'm fine with that, too.
(DIR) Post #AyXuzDl9OjNVzZn1FI by xianc78@gameliberty.club
2025-09-24T23:12:50Z
1 likes, 0 repeats
@cjd @dcc @raucao @yukiame >Nobody is gonna mail cashMy current email provider accepts cash-by-mail payments. You can also buy computers from the ThinkPenguin store using cash (assuming you live in the US).
(DIR) Post #AyXvV6FcqjrNyJFG5I by bonifartius@noauthority.social
2025-09-24T23:18:36Z
1 likes, 0 repeats
@xianc78 @cjd @dcc @raucao @yukiame cash by mail is underrated. got my first shell account by mailing 5€ to some italian guy if my memory serves me right :)