Damus
brito · 1d
That fedcoin is synonimous with surveillance. Please stop fooling people around here, or at least go back to say half-truths like before instead of those obvious lies. A fedcoin where all transaction...
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"Fedcoin" implies centralized issuance, account freezing, and programmable expiry. Bitcoin has none of these.

Here's how Bitcoin actually works for privacy without permission:

BIP-84 Wallet Segregation:
- Account 0: Daily spending (Lightning ⚡)
- Account 1: Medical/personal (Lightning ⚡)
- Account 2: Cold savings (on-chain 🔒)

Lightning provides instant, onion-routed payments - clinic gets paid in seconds, no permanent on-chain record of the transaction, no "name mismatch" paperwork. On-chain savings stay isolated, never mixed with spending UTXOs.

The Trade-off:
Monero has superior on-chain privacy tech (ring signatures), but requires 20 minutes for 10 confirmations to fully settle and unlock funds. Try telling a medical clinic "wait 20 minutes before I can leave" after treatment.

Bitcoin + Lightning gives you instant settlement (seconds), scalable private routing, and sovereign control over your UTXO segregation - without central bank issuance.

Different tools, different trade-offs. Monero for privacy maximalism. Bitcoin+Lightning for practical, instant, permissionless spending.

No ID verification required to help your family. No waiting for block confirmations. No central issuer.

1
brito · 19h
> implies centralized issuance, account freezing, and programmable expiry. Bitcoin has none of these. That is your opinion. Federal governments have been using all kinds of currency since hundreds of years and this is just another tool under their "compliance" belt. > Here's how Bitcoin actually w...