this post was submitted on 18 Jun 2024
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Privacy
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A place to discuss privacy and freedom in the digital world.
Privacy has become a very important issue in modern society, with companies and governments constantly abusing their power, more and more people are waking up to the importance of digital privacy.
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Bitcoin is completely inefficient but including a payment / donation system is a good idea. That should be available on mastodon such that you can donate to your fav people/orgs but it's probably difficult for the average person to verify that you donate to the right person
Actually, tipping on social media posts are an excellent use for Bitcoin. I regularly tip on nostr, it works well, I wish lemmy had it too. Good luck enabling transactions that complete in under a second, globally, for less than a penny in fees, with any other system. And without requiring you to hire an absolute team of lawyers to setup accounts and manage liquidity and make deals with foreign banks to backstop that liquidity. Oh and don't forget about counterparty risks, chargebacks, currency conversion, and long settlement times! Bitcoin solves that all magically for basically free.