this post was submitted on 21 Jan 2025
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Decentralized money as well. We need to move away from the control of government and corporations (they are now one and the same). I'm putting more and more of my money in bitcoin. The dollar will continue to erode while wages stay flat. And Trump and his new oligarch buddies will completely decimate the American economy and stock market while they make out like bandits, leaving everyone else the bag holder. Your 401k isn't safe anymore.
Trust me bro, if your underground stash of money is robbed or stolen because you refuse to trust a bank to safeguard it, it will be considered your fault
You should have backups with a passphrase, in different locations. So if the underground stash is stolen/corroded, or if the bank opens up your safe deposit box, then your money is still safe.
Is this easier? No. Is this what we've come to? Yes. Now that we've got a choice, it's our own fault no matter which system fails us.
Same but with Monero. I don't need my friends, neighbors, $5 wrench attackers, and governments knowing how much money I have. And neither should you.
There's an add-on for Bitcoin called the "Lightning Network" that adds onion routing like Tor.
Yes, but it does not work well. You constantly get failing payments due to inadequate channel liquidity unless you're using a large centralized wallet provider and using a large centralized wallet provider defeats the purpose of peer to peer digital cash that's uncensorable.
I've been using the Electrum wallet for years now with no issues.
@explodicle @shortwavesurfer as someone that is using it profissionaly, we dont have route for payments more times than I would like to admit...
Electrum or a different wallet?
@explodicle yes, we where using electrum... LN has a routing problem.. You neednto open channels with the major players and se of them charge for it
Maybe that's what I've been doing, I've been picking "trampoline" and it seems to just work.