I see many people compaining about payments with iodéOS and custom roms in general. Come on guys let’s stop being slaves of closed source bank gulags. I have been using zeus wallet and minibits wallet to transact using sats and it works very well. To use zeus, one has to add their repo on f-droid: ZEUS - Bitcoin Lightning Infrastructure For minibits I installed it using obstainium app store from f-droid then adding from github: GitHub - minibits-cash/minibits_wallet · GitHub
Naturally there’s a learning curve to learn how to use Zeus, which is more complex, but minibits I reccomend for those unfamiliar with bitcoin. Search for some videos of how to use minibits.
Then the question if, ok but who accept sats, where to find merchants, here’s a map: BTC Map
Say goodbye to banks, feel free to close your legacy monetary system account. Don’t be a boot licker
@MissPiggy as you suggested, that’s my experience with foss money. @gc35sdd
Thank you, Tobias. I am very new to anything crypto, but would like to implement it. Thanks for the map - unfortunately, there is noone accepting BTC far and wide around my place
Before implementing the wallet(s), I’d like to know a little more about the strategy to make them anonymous/confidential (as much as possible). Which is why I have been hesitating to make the first step.
But it is good to know that there are FOSS apps for crypto!
Yes, the key here like everything is to study. Don’t trust me, verify. But IMO zeus and minibits are very hardcore in terms of anonimity and privacy, my advice is to stay away from proprietary wallets that are on aurora store, use only those with open code on f-droid or that can be added from other repos on f-droid or with code available on github. And you can always convince some local shops to accept it, with digital euro/CDBDC arriving having local shops to accept sats is a great way to have some freedom in regards to payments and support local businesses.
Interesting. The crypto acceptancy map from @Tobias18 is showing supraisingly a lot of vendors who accept crypto payments. But 99% of them are restaurants or coffee shops. At least in my area. Will do more research in that area. Thanks.
For me, it is a difficult step, since I am an avid defender of cash payments and of buying from local dealers …
But I accept that there are situations where I cannot avoid buying online and that crypto then is the better option of non-cash payment methods. Convincing these far-away suppliers to make the step towards accepting crypto is far more difficult than it would be with the dealer next door.
I agree that cash is good, but still submited to authority aproval and always losing value to inflation, since it’s not attached to gold anymore and it’s backed by trust on the central bank. I think there’s a big trend to abolish cash as CBDC it’s a great tool to survail every transaction we do. So bitcoin used in the right way is like digital cash but better, as it’s foss and based no math no central authority can cause inflation of its monetary base without changing the consensus rules.
Yes, Bitcoin cannot be restricted by authorities - yet.
But then, it is anything but anonymous. All the transactions are public, forever.
If someone believes that there are no tools to analyse the blockchains, they should think about it one more time.
Even if I use a second, “anonymous” wallet, my transaction from my official wallet (the bitcoin were bought into this wallet no. 1) to the second “anonymous” wallet will be obvious as soon as no other payment entries come into the second wallet from anybody else. It is far from anonymous.
Yes, cash is fiat money, with all the disadvantages. But until now, it is still fairly anonymous, while crypto’s transactions are openly available to anybody, back from day one.
So I will prefer cash, but I am aware that I will not be able to pay cash for every transaction, if I want to be part of a modern civilization. And for those purposes, I might look into crypto - but not thinking of it to be anonymous. Let’s be honest - the data “they” are interesteted in is not me buying coffee for 3 bucks.
I will need to dig into the subject a little more before I open my first wallet, but it is good to know that there are FOSS apps working on iodéOS.
Those are misconceptions, if you use your own node over tor, nobody can link your transactions to your identity/IP address. But the real anonimity use case is using the lightning network with your own node over tor with some wallet connected only to your own node.
It always depend how one use it, if you use a centralised wallet naturally you’re giving away info of all yours transactions. But using in the right way, with only your own node(s), over tor with wallets like zeus, sparrow or electrum connected only to your own node I think you can be anonymous. It will take some work and learning new things? Sure, but freedom has its costs.
if it’s an onchain transaction yes, if it’s a lightning transaction it will not. Without setting your own infrastructure cashu would be the best privacy oriented solution: https://cashu.space/
@MissPiggy There is one problem with fiat money (cash) anonymity. As all the paper bills are numbered, each bank and each ATM terminal scans the numbers of each and every single withdrawn or inserted money bills. And it connects it to your account, your card and your face (because all ATM in EU have cameras which are always recording your interactions with the machine). So only (sort of) anonymity cash interaction is the moment when you receive the cash from face to face interaction from someone and than you pay with that money again in face to face interaction to someone else. In that scenario, you are in the middle of not precisely surveyed transaction circle. It is crazy, how well the pinpoint tracking system is developped.
Yes, there’s that factor also. But the worst part is the inflation, we cannot verify neither control how much euros, dollars and etc the central bank has created is creating or will create. With bitcoin that can be verify mathematically every ten minutes that only 21million coin exist. That’s what I love about foss money.
I know that this is done, but it was not reported “for each and every single bill”.
But: Withdrawing money in a shop (paying with your card and then asking to pay out a certain amount in cash) is safe in this regard: The bills have not been scanned yet, they came from the customers before you.
(German article about the possibilities of scanning money bills.)
At the moment there is enough wiggle room for me with cash (the change I get from shops is not linked to me any more), but with crypto, I can be sure that all transactions are publicly available.
I’d say the worst part is that the majority of sales are dominated by large players, who are causing significant price fluctuations and thereby make it impossible to engage in a “genuine” trade in goods that can be reliably calculated.
I really see your points: Nobody can allow or prevent your payment, that is: no interference by bank or government - theoretically. In reality, they already made laws for buying crypto in the first hand. And if you want to spend it, for example buy land - even in countries like Paraguay - you will have to proof the origin of “your” money, even of foss money. Otherwise there simply will be no deal.
I wouldn’t call bitcoin ‘FOSS money’, it may be ‘free as in freedom, but it certainly isn’t ‘free as in beer’: environmental costs of bitcoin mining are significant.
No, actually bitcoin is the best thing for the environment, as it’s the buyer of intermitent electricity. Think for example of all the installed capacity of solar panels, wind and hydro power. If a company or country is building a huge hydro power, they build some capacit thinking very long term, let’s say 50 years, but the current comsumption is only 30% of installed capacity, bitcoin can join the game and monetize those extra 70% that would be wasted, same thing when there’s too much sun or too much wind. Now there’s the stabilization of the grid aspect, remember the problem Spain had of too much solar energy being produced? In these kind of scenarios, bitcoin mining can be activated to stabilize the grid and monetize to produce more solar, wind and hydro power plants, because it can simply “buy” and monetize all the energy not being consumed.
