IMO, the distinction between privacy and secrecy doesn't matter. I have a right to my secrets, and I'll protect my rights via privacy or force, whichever is most appropriate. The surveillance state can go fuck itself.
You make a valid point. Also, it would help to have a honest judicial system where they could only monitor your bitcoin with a warrant. This constant fear that someone will hunt you down because you own bitcoin and certain countries. You really have to ask yourself the question how free are we?
Video suggestion: One of the most difficult concepts for me to grasp has been: Why an inflationary economic system requires more and more debt to prevent collapse. My understanding is government budget deficits, wars, and crises like pandemics are not the cause of our debt. They just accelerate debt creation. The fundamental flaw is more and more debt is required simply because it is debt based system - debt begets more debt. For example, if $100 in economy and all borrowed at 10% interest then $10 interest owed, but that money doesn’t exist (only $100 in economy, not $110) so they need to create a new loan to create that $10 so I can be paid back. Am not sure if that’s accurate because almost no talk about this so would love your perspective.
Mathematically repayments can circulate back to the debtor and in some sense be reused multiple times to make loan payments, even if only the principal exists as circulating currency (c.F. BoE paper "money creation in the modern economy", Richard Werner re money creation, and Paul grignon's money as debt animated video which directly addresses this question)
Im no economic expert… but it seems to me that you have it backwards. A debt based system CREATES the “inflationary economic system”. Not the other way around. And so… a debt based system requires more and more inflation. They need the inflation to effectively reduce the size of that debt…
@@chingron yes, this is my understanding, although i probably worded it wrong. The government prints money to devalue debt, making it easier to pay back in real terms. Inflation just a tool to manage debt.
You are basically swapping BTC UTXOs. The Liquid Federation will know what new UTXO you have, but you don't know the history of that UTXO. It might be better than your old KYC UTXO, but coinjoining is better. Or you could do a UTXO swap with lightning (via submarine swap), and then only the other channel will know your new UTXO instead of a federation of companies.
Matthew cherry picks his time frame starting at the peak of xmr/BTC and leaves out the fact that coinjoin and other anonymity methods can get you blacklisted by exchanges showing that Bitcoin isn't fungible. These methods remove the peer to peer aspect of Bitcoin which is the entire point. I think privacy coins will always be a small market because people will choose convenience over privacy.
Great job Sensei. 1)it made me sad when you quite liking "Trezor", but I do understand why (maybe its not a good, or a bad??). 2) I would like to know what you think about Bisq? (good/bad/ugly??)
@cbarber: he dislikes Trezor because they offer a Bitcoin only firmware and also an extended firmware that enables the storage of various ship coins... he thinks it should all be Bitcoin only. Wel, if you understand all the work Satoshi Labs has done over the last 13 years, then yes this is a major innovator in the Bitcoin space (first hardware wallet, Shamir backup, BIP 39 and 44, Slush pool, ...) It is pretty misguided to tell people to stay away from Trezor...
Similar situation. In my case, I already had a good chunk of money in a 401k. Then I rolled it into a BRC IRA. Would it be better to take the penalty hit now and get out, or keep it in? I’m not planning on contributing to it anymore.
@@Lawofkings personally, I took the hit at tax time rather than letting it bleed valuable sats over time. I also did not want to pay the fees in fiat every month. I closed the account and took an in-kind withdrawal to my self custody address and continued stacking sats on my own and sleeping better at night!
right, should be a non issue for citizens. their definition of illegal is basically anything that is free market. for them anything they do w the money would be considered illegal and BTC would absolutely abolish this including voter fraud.
great point. theyd have to adhere to the same rules, in which case theyd likely eventually support privacy soft forks as they benefit their corrupt motives. the game theory of bitcoin is pretty interesting
What's interesting about Snowden, is he's so close to the trees, he can't see the forest. As you pointed out, it would be nice if you could max out all desirable attributes to 100, but in real life engineering situations, it's about finding the compromise that will let the system operate, and meet its critical design objectives (which are the objective that MUST be met for the system to be viable for its intended purpose, for an airplane, that's flight, for BTC that's resistance to actor capture). And that's because these desirable attributes are often held in tension with each other, and this is true of every single engineered system on earth, not just Bitcoin. But people often think you can magically produce systems without compromises, and it just doesn't work that way.
And yes, privacy has been a long time issue. The Patriot Act was passed 20 years ago. That was arguably the start of a serious point of no return, IMO the start of the Fourth Turning.
I think Bitcoin provides a path for a hard money standard, aka Bitcoin Standard, in which privacy is less of an issue. Surveillance is a necessity for big, corrupt governments, and fiat is the only solution to pay for this. Satoshi knew this and thus did not prioritize privacy because the goal was hard money to keep governments in check, in which case the "market" for surveillance is nil. Producers will get stronger in the future, and parasitic organizations will get weaker because their food source will dwindle (fiat).
Though anyone can follow Bitcoin around from one address to another, one wallet to another, those wallet addresses are NOT assigned to any real world names. Bitcoin should be and is transparent. Transparency and accountability is missing today from our government we are all responsible for.
Why are you still using Chrome? There's no downside to using Brave, since it's built on the same framework as Chrome and uses the same extension store, just without all the Google stuff.
another banger. key thing that you note is most people don't care about privacy... Like you, I also didn't really care for it UNTIL bitcoin. I've seen a lot of people been woken up by bitcoin and since the orange pill, they take their privacy more seriously. So holistically, (even though i hate that word), orange pilling people helps them improve their outlook on general privacy.
The privacy problem is not really a bitcoin problem, it’s a KYC exchange problem. If you were mining your own coins, you would have complete ID privacy.
Yeah complete privacy...Until you decide to sell..Unless you do that through peer to peer..Eventually every coin or piece of a coin gets to an exchange and the chain analysis kicks in and starts trying to figure out who YOU are
Btc -> Xmr -> Btc. It's essentially the same as withdrawing cash, buying 'grass' with that cash, then selling that 'grass' for cash again, breaking the KYC link.
@pavementstoneguy you have to transfer it one time with XMR once you convert it to be fully anonymous. So BTC->XMR->XMR->BTC is actually the way. Which you will be subject to capital gains(if exposed)and transfer fees
@@THOMPSON8787 No offense, but why would you even need to do a transaction xmr -> xmr? The link has already been broken within the btc chain. I mean sure, if you are extra paranoid, run an xmr transaction, but the actual point is to break the link between btc address usage.
Excellent “Fourth Turning”mention in this clip. That thesis offers much context as to why Bitcoin likely will be essential to the next monetary system.
If you listen to Michael Saylor podcasts and interviews carefully, He now almost never emphasizes the privacy aspect of Bitcoin. Sadly we have to admit that Bitcoin has become the part of the conventional finance system. And I too am in BTC to hedge against the inflation, not for privacy. But at least you can 'DUCK' the gov by forgetting 12 words and make sure no one can get their hands on them. If I can't have it, no one can.
Michael Saylor is smarter than you think. When he gets on a stage and says “Bitcoin isn’t a threat to the dollar.”… he along with the rest of us bitcoiners know he is lying. He is saying that to make the government feel at ease and not make himself a target. With that said… who exactly is trying to invade your privacy? The government. And if bitcoin does successfully destroy the dollar, and by extension, the money printer…. then the all-powerful government is essentially neutered. They will no longer be able to pay for unessential things such as the salaries of the surveillance enforcers. The point is… you could make an argument that Bitcoin privacy isn’t really something to worry about. If bitcoin wins… there will not be any government surveillors to worry about. And maybe… just maybe… Michael Saylor has already worked this into his equation…
Hey Mathew could you make another approach to covenants? Like channel factories and Ark labs protocol? I think the fear of loss of fungibility is not real (They can attack bitcoin without any fork/soft fork). Also sidechains as liquid, yet increases scalability, we are losing in trusting 15 companies. Also thanks for your content really help me understand Bitcoin.
I watch your videos here every once in a while. I'm thinking when I wrap up my University studies next year to start looking in to Bitcoin deeply, and other ways to preserve my purchasing power. Maybe I'll gain more from your University than mine. Best regards.
I am yet to see any use case for lighting near me, no retailer accepts it, or Bitcoin. I am in New York state so that is probably why, stifling regulations.
Some projects are working on combining Zero-knowledge proofs with selective disclosure regimes. This is a big problem, as it's a major barrier to businesses conducting any meaningful operations on a public blockchain. I think this is why permissioned (private) ledgers were a hot fad for a minute.
Currently, legally, no, because a "mixer" has a trusted third party that holds your coins. I don't know enough about it to say whether a person using a mixer would even know if it was a mixer. Coinjoins don't have a trusted third party, so they are still legal.
Leveraging both LN and Liquid together can add more privacy than either separately. For example, one can create inbound liquidity on a lightning channel to send KYC Bitcoin off an exchange, by periodically sending the channel ballance to liquid. Then swapping LBTC to BTC and forwarding in chunks to cold storage via fresh, single-use receive addresses makes the chain difficult to follow.
So theoretically could you take your btc stored on the base chain and split it between a bunch of smaller lightning transactions back into a big lump sum on the base chain? Is this somethjng that you think could be a a possibility. I dont have a lightnkng wallet and dont know where to do that. Sadly my blockstream still doesnt have lightning support like they have talked about. (I lost all my btc in an accident)
@@Fudmottin Define “fundamental”? For me… name virtually any societal problem, and without a doubt, that problem can be traced back to the money printer. Get rid of the money printer, and those problems naturally get fixed. As it stands, the only weapon we have against the money printer is Bitcoin. That was what Bitcoin was created for… to destroy the money printer. And 99% of the population doesn’t understand why that is important…
It is the same old story. It is Usery. And the people that invented Usery also invented this, don’t get me wrong. You can make a ton of money from it and that’s what I’m doing but use this. Internet money and turn it into real assets, such as land property and also the money that has been real since time in Memorial, silver and gold.
Fiat money always involves usury-- but Bitcoin is much more like gold and silver in that it is a bearer asset without a yield. Bitcoin is an asset, not debt like fiat is
Whilst I believe in the long term potential of Bitcoin as a store of value, you still need to bring it back into the banking system to convert to useable currency. Therein lies the issue
@@Bitcoin_University is there a good primer for washing our bags into the setup i described above (mixers, tumblers, and such)? i don't plan on selling ever, i just don't like that my address is linked to my coins from back when i wasn't worried so much about hygiene.
If you're just beginning your privacy journey, imo the best start is just to get a phone running GrapheneOS. Easy, low hanging fruit. And you'll definitely use it, instead of potentially becoming a project.
I felt super intimated by the technical hurdle of running a node, but it turned out to be super easy. It's a great introduction to building software and electronics if you don't just do it on a laptop. Everything is very well explained, really great guides.
@@dr.k.math.777 I would start with the node. Start9 makes this first step as painless as possible with their user-friendly home servers. Running your own server also opens up a whole new world of taking back sovereignty over your data.
Solution is some type of "crypto middle man" that you can use to buy things, and at the end of the month you pay the card balance, so its just a transaction to the wallet of a credit card company
Dont just turn off the phone, put it in a small faraday cage (essentially a shielded sealed metal box) to ensure maximum tin foil hat effect lol!!!! I do it almost every signle day!!! Its enlightening!
@@deulavremotsuk3563 coinjoins get banned by governments and the coins get labeled as tainted/dirty. Look what happened to wasabi/samouri and even tornado cash. There are others too that don’t come to mind
@@Anarchistarchitect They came for the Satoshi wallet and I wasn't using it so I did nothing to stop them. They came for the developers but I wasn't a developer so I did nothing to stop it. They came for the coin mixers but I wasn't a coin mixer so I did nothing to stop them. So when at last they came for low key and peaceful me there was no one left to stop them.
he's merely pointing out the weaknesses... even here in the comments you can see many people had no clue knowing the weaknesses is usually required to mend them
@@Bitcoin_University and allow me to add your knowledge and opinions are not in question it’s your presentation. I’m well into my 50s but please understand if you want to reach people in 2024, which I assume you do as you are taking the time and effort to make TH-cam videos, at least acknowledge that there is a way to grow in, as you say, the dopamine addicted society we live in. So take it or leave it but don’t patronize your viewers.
Anyways, it is completely about survival of the fittest, but it is all about IQ and intellect and critical thinking. Is the tool of the people that have invented Usery. Is one of the key things in the beast system that it already is. Anyways.
Learn advanced Bitcoin skills here:
www.bitcoinuniversity.com/
Can you imagine if the same standards for buying BTC from a KYC exchange were used to vote in a presidential election.
lol great point-- goes to show that maybe they like the weak security
💯
That's where ada comes in
Dat would be rayciss
@@trublu3483 ADA is a useless premined shitcoin that keeps losing value against BTC
IMO, the distinction between privacy and secrecy doesn't matter. I have a right to my secrets, and I'll protect my rights via privacy or force, whichever is most appropriate. The surveillance state can go fuck itself.
4:20 L.A. 9:05 privacy 9:48 Lightning 13:00 email 13:15 Signal 13:30 Nostr 15:30 privacy ++++
Always take my iphone when i’m pooping.
That’s my contribution to Apple’s data set 😂
You make a valid point. Also, it would help to have a honest judicial system where they could only monitor your bitcoin with a warrant. This constant fear that someone will hunt you down because you own bitcoin and certain countries. You really have to ask yourself the question how free are we?
thanks Matthew, you are a wonderful teacher
Thank you for finally getting around to doing this topic as per my suggestion not so long ago 😊
Thanks for asking a great question
🍪
Video suggestion: One of the most difficult concepts for me to grasp has been:
Why an inflationary economic system requires more and more debt to prevent collapse.
My understanding is government budget deficits, wars, and crises like pandemics are not the cause of our debt.
They just accelerate debt creation.
The fundamental flaw is more and more debt is required simply because it is debt based system - debt begets more debt.
For example, if $100 in economy and all borrowed at 10% interest then $10 interest owed, but that money doesn’t exist (only $100 in economy, not $110) so they need to create a new loan to create that $10 so I can be paid back.
Am not sure if that’s accurate because almost no talk about this so would love your perspective.
@@Trebor6127 thanks for anwer and resource - looks good.
Mathematically repayments can circulate back to the debtor and in some sense be reused multiple times to make loan payments, even if only the principal exists as circulating currency (c.F. BoE paper "money creation in the modern economy", Richard Werner re money creation, and Paul grignon's money as debt animated video which directly addresses this question)
Im no economic expert… but it seems to me that you have it backwards. A debt based system CREATES the “inflationary economic system”. Not the other way around. And so… a debt based system requires more and more inflation. They need the inflation to effectively reduce the size of that debt…
@@chingron yes, this is my understanding, although i probably worded it wrong. The government prints money to devalue debt, making it easier to pay back in real terms. Inflation just a tool to manage debt.
@@foobargorch thanks! I'll check those out
ThanQ
THANKS MATTHEW ❤
Thank you so much for your great content 🧡
Informative 👍
props for tackling this subject
I request a video going over John Carvalho’s arguments against Lightning
So if I send KYC BTC to a liquid wallet, then send that LBTC to BTC cold storage, does that maintain anonymity and privacy?
You are basically swapping BTC UTXOs. The Liquid Federation will know what new UTXO you have, but you don't know the history of that UTXO. It might be better than your old KYC UTXO, but coinjoining is better. Or you could do a UTXO swap with lightning (via submarine swap), and then only the other channel will know your new UTXO instead of a federation of companies.
If XMR started increasing in price relative to BTC then we would have to revisit this?
It already is...
Matthew cherry picks his time frame starting at the peak of xmr/BTC and leaves out the fact that coinjoin and other anonymity methods can get you blacklisted by exchanges showing that Bitcoin isn't fungible. These methods remove the peer to peer aspect of Bitcoin which is the entire point. I think privacy coins will always be a small market because people will choose convenience over privacy.
Great job Sensei. 1)it made me sad when you quite liking "Trezor", but I do understand why (maybe its not a good, or a bad??). 2) I would like to know what you think about Bisq? (good/bad/ugly??)
@cbarber: he dislikes Trezor because they offer a Bitcoin only firmware and also an extended firmware that enables the storage of various ship coins... he thinks it should all be Bitcoin only. Wel, if you understand all the work Satoshi Labs has done over the last 13 years, then yes this is a major innovator in the Bitcoin space (first hardware wallet, Shamir backup, BIP 39 and 44, Slush pool, ...) It is pretty misguided to tell people to stay away from Trezor...
Could you do a video on btc IRA’s. Are the fees worth the potential tax savings? Do you think it will even matter in the future?
I had a btc ira for a couple years and determined that the amount of sats I was losing due to fees was not worth it.
Similar situation.
In my case, I already had a good chunk of money in a 401k. Then I rolled it into a BRC IRA.
Would it be better to take the penalty hit now and get out, or keep it in?
I’m not planning on contributing to it anymore.
@@Lawofkings personally, I took the hit at tax time rather than letting it bleed valuable sats over time. I also did not want to pay the fees in fiat every month. I closed the account and took an in-kind withdrawal to my self custody address and continued stacking sats on my own and sleeping better at night!
Snowdens Keynote was very hard to follow, specialy since we have no alternetive at the moment. Sadly he did not provide a solution…
Snowden is a psyop
privacy goes both ways. for us no ilegal stuff, for government there is no lost funds,corruption, etc...
right, should be a non issue for citizens. their definition of illegal is basically anything that is free market. for them anything they do w the money would be considered illegal and BTC would absolutely abolish this including voter fraud.
@gussstavo well, thta escaleated quickly. thats a big fukin step up from what I mean. common sense, do you have some??
great point. theyd have to adhere to the same rules, in which case theyd likely eventually support privacy soft forks as they benefit their corrupt motives. the game theory of bitcoin is pretty interesting
What's interesting about Snowden, is he's so close to the trees, he can't see the forest. As you pointed out, it would be nice if you could max out all desirable attributes to 100, but in real life engineering situations, it's about finding the compromise that will let the system operate, and meet its critical design objectives (which are the objective that MUST be met for the system to be viable for its intended purpose, for an airplane, that's flight, for BTC that's resistance to actor capture). And that's because these desirable attributes are often held in tension with each other, and this is true of every single engineered system on earth, not just Bitcoin. But people often think you can magically produce systems without compromises, and it just doesn't work that way.
And yes, privacy has been a long time issue.
The Patriot Act was passed 20 years ago. That was arguably the start of a serious point of no return, IMO the start of the Fourth Turning.
Dubya was one lousy president!
Great video, thank you Matthew!
I think Bitcoin provides a path for a hard money standard, aka Bitcoin Standard, in which privacy is less of an issue. Surveillance is a necessity for big, corrupt governments, and fiat is the only solution to pay for this. Satoshi knew this and thus did not prioritize privacy because the goal was hard money to keep governments in check, in which case the "market" for surveillance is nil. Producers will get stronger in the future, and parasitic organizations will get weaker because their food source will dwindle (fiat).
Always great info
Though anyone can follow Bitcoin around from one address to another, one wallet to another, those wallet addresses are NOT assigned to any real world names.
Bitcoin should be and is transparent. Transparency and accountability is missing today from our government we are all responsible for.
The second you buy a coffee with that bitcoin… your wallet is attached to your name…
Why are you still using Chrome? There's no downside to using Brave, since it's built on the same framework as Chrome and uses the same extension store, just without all the Google stuff.
because chrome has already won the race. scams like brave all go to zero against chrome
chrome's anonymity set is also much larger than brave's
another banger.
key thing that you note is most people don't care about privacy...
Like you, I also didn't really care for it UNTIL bitcoin.
I've seen a lot of people been woken up by bitcoin and since the orange pill, they take their privacy more seriously.
So holistically, (even though i hate that word), orange pilling people helps them improve their outlook on general privacy.
The privacy problem is not really a bitcoin problem, it’s a KYC exchange problem. If you were mining your own coins, you would have complete ID privacy.
Can always use this against them . Entrepreneurs that collect bitcoin have non KYC which peer to peer might be at a premium.
Yeah complete privacy...Until you decide to sell..Unless you do that through peer to peer..Eventually every coin or piece of a coin gets to an exchange and the chain analysis kicks in and starts trying to figure out who YOU are
Btc -> Xmr -> Btc. It's essentially the same as withdrawing cash, buying 'grass' with that cash, then selling that 'grass' for cash again, breaking the KYC link.
@pavementstoneguy you have to transfer it one time with XMR once you convert it to be fully anonymous. So BTC->XMR->XMR->BTC is actually the way. Which you will be subject to capital gains(if exposed)and transfer fees
@@THOMPSON8787 No offense, but why would you even need to do a transaction xmr -> xmr? The link has already been broken within the btc chain. I mean sure, if you are extra paranoid, run an xmr transaction, but the actual point is to break the link between btc address usage.
Excellent “Fourth Turning”mention in this clip. That thesis offers much context as to why Bitcoin likely will be essential to the next monetary system.
If you listen to Michael Saylor podcasts and interviews carefully, He now almost never emphasizes the privacy aspect of Bitcoin. Sadly we have to admit that Bitcoin has become the part of the conventional finance system. And I too am in BTC to hedge against the inflation, not for privacy. But at least you can 'DUCK' the gov by forgetting 12 words and make sure no one can get their hands on them. If I can't have it, no one can.
lol
Michael Saylor is smarter than you think. When he gets on a stage and says “Bitcoin isn’t a threat to the dollar.”… he along with the rest of us bitcoiners know he is lying. He is saying that to make the government feel at ease and not make himself a target.
With that said… who exactly is trying to invade your privacy? The government. And if bitcoin does successfully destroy the dollar, and by extension, the money printer…. then the all-powerful government is essentially neutered. They will no longer be able to pay for unessential things such as the salaries of the surveillance enforcers.
The point is… you could make an argument that Bitcoin privacy isn’t really something to worry about. If bitcoin wins… there will not be any government surveillors to worry about. And maybe… just maybe… Michael Saylor has already worked this into his equation…
Thank you, Matthew!
Great content truly appreciate your insights.
THANK YOU.
Thanks for this.
Hey Mathew could you make another approach to covenants? Like channel factories and Ark labs protocol?
I think the fear of loss of fungibility is not real (They can attack bitcoin without any fork/soft fork). Also sidechains as liquid, yet increases scalability, we are losing in trusting 15 companies.
Also thanks for your content really help me understand Bitcoin.
Brilliant once again. Thanks
Another great video.
I watch your videos here every once in a while. I'm thinking when I wrap up my University studies next year to start looking in to Bitcoin deeply, and other ways to preserve my purchasing power. Maybe I'll gain more from your University than mine. Best regards.
Thanks for the kind words
Thx Matthew
Snowden “we need to be very careful…” excellent speech
Just curious what are your thoughts on XMR and if it solves any of these privacy issues?
I discuss XMR in the video and provide relevant links in the description notes to videos that discuss it. TLDR: XMR is not a good solution
@@Bitcoin_UniversityThx! I will watch both of the videos in the description.
So much important info, thank you
Ayy...Mah! You'll never believe it! I made it on Bitcoin University! haha Thanks for addressing this Matt!
Lightning helps alot on that front
I am yet to see any use case for lighting near me, no retailer accepts it, or Bitcoin. I am in New York state so that is probably why, stifling regulations.
insane I was just thinking about this today. There is basically KYC everywhere?!?! What can one do dammn
Peer to peer
Slowly learn to use freedom tech including BTC
@@joemama69448 Don't peer to peer platforms like Bisq require using a payment method that does require KYC?
Some projects are working on combining Zero-knowledge proofs with selective disclosure regimes. This is a big problem, as it's a major barrier to businesses conducting any meaningful operations on a public blockchain. I think this is why permissioned (private) ledgers were a hot fad for a minute.
What is a good secure wallet that is pretty simple to use?
what do you think of the ARK layer 2 protocol
Tnx
Thank you, Matthew. Is a Bitcoin mixer a legitimate tool for enhancing privacy?
Currently, legally, no, because a "mixer" has a trusted third party that holds your coins. I don't know enough about it to say whether a person using a mixer would even know if it was a mixer. Coinjoins don't have a trusted third party, so they are still legal.
@@fusion9619 Thank you. I use Sparrow Wallet, and I believe it supports CoinJoin transactions.
Leveraging both LN and Liquid together can add more privacy than either separately. For example, one can create inbound liquidity on a lightning channel to send KYC Bitcoin off an exchange, by periodically sending the channel ballance to liquid. Then swapping LBTC to BTC and forwarding in chunks to cold storage via fresh, single-use receive addresses makes the chain difficult to follow.
LN is centralized sh**
Finally a video discussing the juicy stuff, the last ones have been less philosophical and more ranting.
And I'm here for it all.
So theoretically could you take your btc stored on the base chain and split it between a bunch of smaller lightning transactions back into a big lump sum on the base chain? Is this somethjng that you think could be a a possibility. I dont have a lightnkng wallet and dont know where to do that. Sadly my blockstream still doesnt have lightning support like they have talked about. (I lost all my btc in an accident)
my understanding is that's what Coinjoin does, not sure what network it is based on
Gotta wonder why government feels like they need to know everything about you. They have a monopoly, so it can't be for advertising.
And this is why we need bitcoin to destroy the money printer. Take away the money printer and every other problem gets solved…
@@chingron I don't think bitcoin can solve fundamental human problems.
@@Fudmottin Define “fundamental”? For me… name virtually any societal problem, and without a doubt, that problem can be traced back to the money printer. Get rid of the money printer, and those problems naturally get fixed. As it stands, the only weapon we have against the money printer is Bitcoin.
That was what Bitcoin was created for… to destroy the money printer. And 99% of the population doesn’t understand why that is important…
It is the same old story. It is Usery. And the people that invented Usery also invented this, don’t get me wrong. You can make a ton of money from it and that’s what I’m doing but use this. Internet money and turn it into real assets, such as land property and also the money that has been real since time in Memorial, silver and gold.
Fiat money always involves usury-- but Bitcoin is much more like gold and silver in that it is a bearer asset without a yield. Bitcoin is an asset, not debt like fiat is
Snowden’s speech IMO was far better for Bitcoin than Trump or RFK JR’s
Whilst I believe in the long term potential of Bitcoin as a store of value, you still need to bring it back into the banking system to convert to useable currency. Therein lies the issue
you don't
What is the best non-KYC way to buy BTC?
Great video Matt.
Highly suggest people to ask around for P2P groups. KYC exchanges should be avoided.
is a full node behind TOR the answer?
That's one possible answer
@@Bitcoin_University is there a good primer for washing our bags into the setup i described above (mixers, tumblers, and such)? i don't plan on selling ever, i just don't like that my address is linked to my coins from back when i wasn't worried so much about hygiene.
If you're just beginning your privacy journey, imo the best start is just to get a phone running GrapheneOS. Easy, low hanging fruit. And you'll definitely use it, instead of potentially becoming a project.
People want transparent governments and private personal lives.
Instead they get private governments and transparent personal lives.
Silent payments better the paynym
Just be glad that you are into bitcoin ! And allow it to evolve ! It’s a baby just look after it , till it’s big and strong 💪
The worst has to be the influencers who say kyc is bad, privacy needed blahblah and still shill ref links.
I’m not yet sophisticated nor knowledgeable enough to run a node, a home miner, and to venture into non kyc…it’s these are all goals for me.
I felt super intimated by the technical hurdle of running a node, but it turned out to be super easy. It's a great introduction to building software and electronics if you don't just do it on a laptop. Everything is very well explained, really great guides.
@@dr.k.math.777 I would start with the node. Start9 makes this first step as painless as possible with their user-friendly home servers. Running your own server also opens up a whole new world of taking back sovereignty over your data.
Can you buy non-KYC bitcoin off a legit exchange? I’m assuming they are regulated is why they are asking for it?
Solution is some type of "crypto middle man" that you can use to buy things, and at the end of the month you pay the card balance, so its just a transaction to the wallet of a credit card company
So the Blockchain is being data-mined to a database of labels. sad but true
Every piece of data in the world is being hoovered up
@@Bitcoin_University A class in Knowledge Management is why. People take all the data and try to make money off it
@@Bitcoin_University
Only thing i can think of is to feed them garbage data.
Day 91 of telling Matthew his uploads are appreciated!
video idea: How to build a bitcoin non kyc stack
Dont just turn off the phone, put it in a small faraday cage (essentially a shielded sealed metal box) to ensure maximum tin foil hat effect lol!!!! I do it almost every signle day!!! Its enlightening!
This man is so legendary
If you're concerned about privacy, why are you using chrome, it's such a low hanging fruit to install a different browser
I use Brave, Firefox, Tor, etc for personal things. My TH-cam videos are literally being posted on the internet, for everyone to see my browser
Coinjoin?
exactly my thoughts
but isn't CJ still in the development/testing phase?
@@deulavremotsuk3563 coinjoins get banned by governments and the coins get labeled as tainted/dirty. Look what happened to wasabi/samouri and even tornado cash. There are others too that don’t come to mind
Crypto is the Wild West, but I’m all in!
Privacy comment😂🧡. No idea. Just leaving a comment😅😊
Litecoin LTC offers privacy
XMR
Actually, no. Monero is hot potato money
Great courses btw. Gives you a super confidence boost when just starting your journey to secure self custody 😊😊😊
here
I remember Satoshi saying it was a compromise. That'd they come after btc due to money laundering without it.
Monero is better privacy wise, theres literally no way to argue against that
Yes but Monero is awful as a store of value there’s literally no way to argue that.
@@charlesmiller6281 what makes it so bad as a store of value over bitcoin?
i suspect that's why no one's arguing against that
Yeah but if people aren't looking for you, you can definitely be anonymous on bitcoin, so I live a low key and peaceful life
@@Anarchistarchitect They came for the Satoshi wallet and I wasn't using it so I did nothing to stop them. They came for the developers but I wasn't a developer so I did nothing to stop it. They came for the coin mixers but I wasn't a coin mixer so I did nothing to stop them. So when at last they came for low key and peaceful me there was no one left to stop them.
I agree lots of cultists who think politicians & the billionaires are going to save them ???????
Snowden has never liked Btc. Kinda revealing you ask me 😉
Snowden is full of shit. If you pay him, he talks about whatever you want
he's merely pointing out the weaknesses... even here in the comments you can see many people had no clue
knowing the weaknesses is usually required to mend them
Clickbait title. Tired of this. This is a user problem, not a bitcoin problem.
Monero
Monero= hot potato money
th-cam.com/video/1LTT7wwyUAQ/w-d-xo.html&ab_channel=BitcoinUniversity
its either a central third party or public adresses. Pick your poison, im sure what Im choosing.
Lightning is a washing machine
👏👍🤟🙏💯❤️
Satoshi discovering bitcoin, or do you mean the NSA who brought us bitcoin!
The NSA did not create Bitcoin:
th-cam.com/video/uSbE67K2NeE/w-d-xo.html
Why is Bitcoin University such a fudder
First!
Anyone else stacking sats? 🚀💰
holy spam comments batman
A fool and his money are soon parted.
Love your videos but they are painfully dry. You do you but damn try to at least keep me awake.
You're just too addicted to scrolling and dopamine hits. When was the last time you sat down and read a real book?
@@Bitcoin_University yesterday. Be nice man. You asked for suggestions.
@@Bitcoin_University and allow me to add your knowledge and opinions are not in question it’s your presentation. I’m well into my 50s but please understand if you want to reach people in 2024, which I assume you do as you are taking the time and effort to make TH-cam videos, at least acknowledge that there is a way to grow in, as you say, the dopamine addicted society we live in. So take it or leave it but don’t patronize your viewers.
Anyways, it is completely about survival of the fittest, but it is all about IQ and intellect and critical thinking. Is the tool of the people that have invented Usery. Is one of the key things in the beast system that it already is. Anyways.
I’m keeping my buys at 54-57k for now. Short term weakness seems assured. Maybe 4/2025 weeks get a little love.