makeasnek

joined 1 year ago
[–] makeasnek@lemmy.ml 10 points 1 month ago* (last edited 1 month ago)

You can make as many Bitcoin addresses as you want. You can look up an addresses balance but not a wallet's balance. It's not as clear as you're making it sound.

Bitcoin over Lightning is much, much more opaque, and it's where the majority of Bitcoin transactions are now occurring. You can't look up somebody's balance. The only people who know about the transaction are you, the recipient, and any intermediary nodes used to forward the transaction. Privacy is continuing to improve on lightning and main chain.

[–] makeasnek@lemmy.ml 2 points 1 month ago* (last edited 1 month ago) (2 children)

In the last two months, Nostr users alone (decentralized twitter clone like Mastodon) sent each other 2.6 million tips (individual transactions) over Bitcoin lightning. In that same time period, Bitcoin main chain did around 20-40k. Most transactions are on lightning by number of transactions. Maybe not by total value moved, but lightning is pretty opaque and grants additional privacy, so it's hard to measure for that reason.

Lightning continues to grow and get upgrades (look up BOLT12 if you are curious about the latest upgrades which bring additional privacy enhancements).

[–] makeasnek@lemmy.ml 11 points 1 month ago

It's open source, and it's fully self-custody which are two important features. Having a wallet directly integrated into the e-mail client is nice, being able to send payments to other users just knowing their e-mail address instead of their public key is pretty cool. It does automatic address rotation to preserve privacy. Wish it supported lightning for cheaper/faster transactions and additional privacy but hopefully that feature comes in time.

[–] makeasnek@lemmy.ml 2 points 1 month ago (5 children)

It's a self-custody wallet and open source. It's regular main-chain BTC but it does automatic address rotation. Unfortunately it doesn't support lightning, which is where the majority of Bitcoin transactions occur. Lightning offers significantly increased privacy, sub-second transactions and fees measuring in pennies.

[–] makeasnek@lemmy.ml 8 points 1 month ago* (last edited 1 month ago) (8 children)

Am I missing something? "Like all our services, Proton Wallet is open source so all of our security claims can be checked by the public to enhance security. We have also published the Proton Wallet security model so you can understand how Proton Wallet protects both privacy and security."

[–] makeasnek@lemmy.ml 3 points 1 month ago

They aren't an intermediary. It's a fully self-custody wallet.

[–] makeasnek@lemmy.ml 2 points 1 month ago

It's a self-custody wallet, they do not control the keys.

[–] makeasnek@lemmy.ml 6 points 1 month ago (1 children)

Doesn't answer your question directly, but nostr is working on this. Nostr is an open protocol like ActivityPub (which underlies Mastodon and Lemmy). Its main use is as a twitter clone right now, but it also has a very new reddit clone and can theoretically support videos as well. And you can choose your own algorithm. Here's all the choices I get from one of their clients, and there's dozens of nostr clients to choose from. The cool thing is that anybody can make and publish an algorithm and you can subscribe to any algorithm. Your client does all the sorting locally.

[–] makeasnek@lemmy.ml 1 points 1 month ago* (last edited 1 month ago)

Personally very glad to see them roll out this feature. Bitcoin offers pretty decent privacy out of the box, especially with lightning. Like using any technology, using it in a fully private and anonymous way requires some attention to detail. The ability to send/receive BTC from other users knowing only their e-mail address is pretty cool. And the self-custody element is critical.

 

For those of you using Proton services to protect your privacy, a new feature is being rolled out which is a self-custody Bitcoin wallet. If you have a proton e-mail address, you can now send and receive Bitcoin automatically. This is in tradition with their long-standing policy of accepting Bitcoin payments for their services.

A few key points to know:

  • You and only you have access to the Bitcoin, it is a self-custody wallet. You are not dependent on proton's cooperation to access your funds and they do not hold onto the funds for you.
  • Proton automatically translates e-mail addresses to Bitcoin addresses. This means you can send/receive BTC to/from any Proton user by just knowing their e-mail address
  • Proton does not support Bitcoin lightning. This means transactions will take an average of 10 minutes for an average fee of 75c. Hopefully they will add lightning in the future so that can drop to under a second for pennies in fees. Lightning would also enhance privacy
  • Note that using Bitcoin is pseudonymous. Using it privately and anonymously requires some effort.
  • Proton has also put together a good primer on Bitcoin here.

from their blog post:

Early in our journey, we experienced first-hand what it’s like being cut off from the financial system and at the mercy of large banks and institutions — an ordeal that affects millions of people across the globe. In the summer of 2014, as the original Proton Mail crowdfunding campaign was in progress, Proton had a near-death experience when PayPal froze our funds, questioned whether encryption was legal, and whether Proton had government approval to encrypt emails.

Fortunately, in that instance PayPal returned the blocked funds, and Proton was able to start the journey that we’ve been on for the past decade. However, that dangerous moment has always stayed in our minds, and we still keep a proportion of Proton’s financial reserves in Bitcoin.

Having experienced firsthand the unreliability of the traditional financial sector, building Proton Wallet is an important strategic move to make Proton more resilient and independent in the future. By enabling us and the entire Proton community to more easily adopt means of payment that deliver on the promise of financial freedom for all, we better insulate Proton from the risks posed by traditional finance.

[–] makeasnek@lemmy.ml 1 points 1 month ago (1 children)

This is not accurate. Monero offers a very high degree of privacy and anonymity. So does Bitcoin lightning, to a lesser degree. Lightning transactions don't go on chain and are known only to: sender, recipient, and intermediate nodes, if any.

 

cross-posted from: https://slrpnk.net/post/11683880

cross-posted from: https://slrpnk.net/post/11683421

The EU has quietly imposed cash limits EU-wide:

  • €3k limit on anonymous payments
  • €10k limit regardless (link which also lists state-by-state limits).

From the jailed¹ article:

An EU-wide maximum limit of €10 000 is set for cash payments, which will make it harder for criminals to launder dirty money.

It will also strip dignity and autonomy from non-criminal adults, you nannying assholes!

In addition, according to the provisional agreement, obliged entities will need to identify and verify the identity of a person who carries out an occasional transaction in cash between €3 000 and €10 000.

The hunt for “money launderers” and “terrorists” is not likely meaningfully facilitated by depriving the privacy of people involved in small €3k transactions. It’s a bogus excuse for empowering a police surveillance state. It’s a shame how quietly this apparently happened. No news or chatter about it.

¹ the EU’s own website is an exclusive privacy-abusing Cloudflare site inaccessible several demographics of people. Sad that we need to rely on the website of a US library to get equitable access to official EU communication.

update


The Pirate party’s reaction is spot on. They also point out that cryptocurrency is affected. Which in the end amounts to forced banking.

#warOnCash

 

Interesting history and analysis of SMTP's history. How can we prevent fedi and other open protocols from suffering the same fates?

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submitted 2 months ago* (last edited 2 months ago) by makeasnek@lemmy.ml to c/privacy@lemmy.ml
 

Using anonymous global or regional data esims not only improves your privacy, but gives you better service. Because you are usually in roaming, if the coverage of one operator is not good, or they have an outage, you can usually use a different one, which is not possible if you're "at home".

Also you can have one as a backup. Mobimatter has so far the best prices and 1 year validity of data. Keepgo has also good programs. Bitrefill has shorter term, but can be cheaper per gb. All three support crypto payments for additional privacy.

Came across this tip on nostr

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submitted 2 months ago* (last edited 2 months ago) by makeasnek@lemmy.ml to c/privacy@lemmy.ml
 

On P2P payments from their FAQ: "While the payment appears to be directly between wallets, technically the operation is intermediated by the payment service provider which will typically be legally required to identify the recipient of the funds before allowing the transaction to complete."

How about, no? How about me paying €50 to my friend for fixing my bike doesn’t need to be intermediated, KYCed, and blocked if they don't approve of it or know who the recipient is? How about it’s none of the government’s business how I split the bill at dinner with friends? This level of surveillance is madness, especially coming from an app that touts "privacy" as a feature.

GNU Taler is a trojan horse to enable CBDC adoption. They are the friendly face to an absolutely terrifying level of government control in our lives funded by the same government that tries every year to implement chat control. Imagine your least favourite political party gaining power. Now imagine they can see and control every transaction you make. No thanks.

 

cross-posted from: https://feddit.org/post/317047

in February 2024, the EU Parliament adopted the eIDAS regulation, creating the framework for a "European Digital Identity Wallet". This digital Wallet will enable citizens to identify themselves in a legally binding manner, both online and offline, sign documents, login into websites and share personal data about them with others. Recently, the European Commission published the Architectural Reference Framework (ARF) 1.4 for the technical implementation of the Wallet.

The success of the EU Digital Identity Wallet depends on its ability to gain citizens' trust and establish a resilient infrastructure in our current data-driven economy.

"However, after our analysis, we believe that this goal has been missed," says the digital rights group Epicenter Works.

"We see severe shortcomings in the ARF that either contradict the regulation or ignore important elements of it. These issues, if left unaddressed, could significantly undermine user rights and privacy."

 

cross-posted from: https://lemmy.sdf.org/post/18833721

I hate that groups like the ACLU have to defend nazi scum to protect my liberties. Better that the government not violate our rights in the first place, but in lieu of that, even nazi scum is subject to the same rights and due process as any other citizen. However, I wouldn’t mind if they got pantsed a couple of times by their lawyers.

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submitted 3 months ago* (last edited 3 months ago) by makeasnek@lemmy.ml to c/privacy@lemmy.ml
 

What you can do: https://www.patrick-breyer.de/en/posts/messaging-and-chat-control/#WhatYouCanDo

Contact your MEP: https://www.europarl.europa.eu/meps/en/home

Edit: Article linked is from 2002 (overview of why this legislation is bad), but it is coming up for a vote on the 19th see https://www.patrick-breyer.de/en/council-to-greenlight-chat-control-take-action-now/

 
  • Note: "relay" is the nostr term while "instance" is the AP/Mastodon/Lemmy term. They are functionally very similar and offer the same abilities to ban annoying users from "public square" type spaces. Moderation works identically.
  • In AP/mastodon/lemmy you are connected to one "main instance" and then connect to other instances "through" that instance. In nostr, you are typically connected to multiple relays and access content more directly.
  • Nostr is an underlying protocol like AP is for Mastodon/Lemmy. The main use of nostr currently is as a twitter/mastodon clone, but it has other interfaces as well (calendaring, video sharing, etc) that I am less familiar with.
  • Both networks are decentralized in nature

AP/Mastodon/Lemmy

  • Instance admins on your instance and the instance of the user you are DMing can read your DMs, block them, or modify them without your knowledge or the knowledge of the receiving user
  • If your instance goes down, so does your access to the wider network. It will take your DMs with it, and your identity.

Nostr

  • Relays cannot read the content of your DMs as they are encrypted. They can only see that user A is DMing user B and approximate DM size. (This upgrade reduces that visibility further)
  • Relays cannot manipulate DMs as they are encrypted and will fail a signature check
  • No relay can prevent you from DMing another user as your client will automatically route the DM through another relay (unless that user has blocked you, which they can do).
  • You can receive DMs from anybody as long as one relay lets your DM through (and you are usually connected to several)
  • Your DMs and other content is replicated across multiple relays. Downed relay? No problem. You don't lose your content or your identity as your identity is a private/public keypair not "user @ instance dot com"

Bluesky

Idk anybody care to fill this section in?

Image source: nostr post

 

There's a lot of talk about inflation and its causes. Is it corporate greed? Supply chain issues? One clear base cause of inflation less talked about is having an inflationary currency supply. Any other inflation caused by supply chain issues, corporate greed, lack of market competition, etc is just added on top of that. Fiat inflationary currency is a rather new invention in terms of the human timeline. In the US, Nixon is the start of it. Central banks aim for 2-3% inflation in "good years". The money supply expands, the portion of that supply a single dollar represents, and therefore its value, decreases. This isn't a conspiracy, it's government policy, and both parties gleefully support it because it benefits their rich donors.

Think of it: in the last 50 years, everything has gotten cheaper to produce thanks to increasing mechanization, outsourcing to cheap labor/low regulation countries, and extremely efficient supply chains. Yet so many things "cost more" than they did 50 years ago. Even basics like bread. What used to be 5c in the US in the 50s now costs $5.00. How is that the case? Shouldn't it cost less? Where is that "extra efficiency" going if not to lower prices? The answer: bread is the same value it's always been, the money has gotten less valuable. This is how they keep working class people running on a treadmill, never able to achieve economic mobility.

Inflationary currency devalues the currency you worked hard to earn by increasing the supply. It hits the middle class the worst because they have more of their net wealth in cash, often in the form of emergency funds, savings, and putting together enough money for a down payment on a home. Rich people have their money in assets which aren't harmed by currency inflation. Actually, even worse, it inflates the value of those assets! If the dollar loses value (all other things being equal), it takes more dollar to buy a share in Amazon, just like it takes more dollars to buy a loaf of bread. Poor people live hand to mouth, so their net wealth is not impacted much, but inflationary currency prevents them from saving and "moving up". If you want to identify the causes of increasing wealth disparity, the inability of people to save money and theft of value from the middle class via money supply expansion is a major one.

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