I'd rather live in a world where flipping a coin a couple of times or having 12 words in my head isn't something that can land you in jail.

Yes, Bitcoin doesn't care.
But I do.
My point is that we should not pass incredibly stupid laws in the first place.

Of course, the question of legality is intimately related to enforcability.

If you outlaw it but can't enforce it, you are wasting taxpayer money and everyone's time.
Outlawing "anonymous wallets" is akin to passing legislation that says "thinking of an orange elephant is illegal."

You *can* pass this legislation.
But *should* you?

Does it even make sense?
Since we are dealing with abstract concepts and information, one of the problems that arises is: what counts as an orange elephant?

This?
I'd much rather live in a society that does not outlaw thought, speech, numbers, math, and the exchange of messages.

A society that outlaws any of these is hardly a free society.

dergigi.com/2021/08/02/imp…

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More from @dergigi

2 Aug
Bitcoin is numbers. Bitcoin is math. Bitcoin is thought. Bitcoin is speech.

Outlawing the processes that make Bitcoin work has wide-ranging implications. 🧵👇

dergigi.com/2021/08/02/imp…
2/ In light of recent comments by legislators and politicians, we must not forget what Bitcoin does and how it does what it does. Bitcoin is text. Bitcoin is speech. Bitcoin is math. Bitcoin has no jurisdiction, just like 2+2=4 has no jurisdiction.
3/ A private key is a large number. You can create a private key by flipping a coin or rolling some dice.
Read 14 tweets
16 Jun
In defense of nyms.

A thread 👇
There is a reason why Satoshi chose to stay pseudonymous. He knew what he was getting into. He knew he had to disappear if his project would be moderately successful. It is impossible to disappear if everyone has your real identity.

#Bitcoin was designed with pseudonymity in mind. You don't need a government ID to use it. You don't need a face. You don't need a name. All you need is the ability to produce a valid signature. This is a feature, not a bug.

dergigi.com/2020/07/21/tru…
Read 15 tweets
14 Jun
Some of my articles that have been translated to Spanish:

Algunos de mis artículos que han sido traducidos al español:

🇸🇻👇
Querida familia, queridos amigos, una carta para todos ustedes que todavía no tienen bitcoin.

h/t @nicohughes

nicohughes.medium.com/querida-famili…
Read 11 tweets
20 May
@jordanbpeterson @Breedlove22 A lot of people already answered, but I want to reply anyway. In short: it's misguided at best and disingenuous at worst. The premises are flawed, and the data cited is questionable.

👇
@jordanbpeterson @Breedlove22 Re: "bitcoin = tulip bulbs"

People have been screaming "tulips!" since the very first days of bitcoin's monetization process. They will still be screaming when a fraction of a bitcoin will consistently buy you a nice house. They are misinformed.

smithsonianmag.com/history/there-…
@jordanbpeterson @Breedlove22 Re: "What happens if you lose your keys?"

"What happens if you lose your gold coins at the bottom of the sea?"
It's a bearer asset. This is a feature, not a bug. Bitcoin emphasizes the sovereignty of the individual in principle and practice.

dergigi.com/2021/03/14/the…
Read 23 tweets
13 May
A failure to understand proof of work is a failure to understand #Bitcoin.

A thread. 🧵👇
Decentralized systems, by definition, do not have a single source of truth.

Satoshi's breakthrough was to build a system that allows all participants to zero in on the same truth independently. Proof of work is what allows this to happen.
The point of proof of work is to create an irrefutable history. If two histories compete, the one with the most work embedded in it wins.

The chain with the most work is the truth, by definition. This is what we call Nakamoto consensus.
Read 20 tweets
12 May
The only bitcoins that use any energy are the ones that are being transacted right now.
My mind is blown.
If everyone just hodls like @Tesla does the energy usage of the Bitcoin network will drop to zero.
Read 4 tweets

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