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⚡LightningAmbassador⚡

@LnAmbassador

Followers
1K
Following
56K
Statuses
5K

Succesful Entrepreneur with a passion for Lightning and Bitcoin Ex scientia pecuniae libertas. (Aus der Kenntnis über Geld kommt Freiheit)

Joined July 2023
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@LnAmbassador
⚡LightningAmbassador⚡
5 months
Never use a DigitalEuro. It is highly toxic and very dangerous. Here is why: 1. Transaction Traceability: Unlike physical cash, which offers a high degree of anonymity, digital euros would likely be traceable. Every transaction could potentially be recorded, meaning that all your spending habits could be monitored in real-time or retrospectively. This traceability could lead to a comprehensive surveillance of individual financial activities, which is a stark contrast to the privacy offered by cash. 2. Centralized Control: With a digital euro, the European Central Bank (ECB) or other financial authorities could theoretically have the power to control, limit, or even freeze individual accounts. This control could be used for various reasons, including financial oversight, combating money laundering, or enforcing negative interest rates. However, it also opens the door to potential misuse or overreach, where financial freedom could be curtailed based on political or social criteria. 3. Data Collection and Use: The infrastructure for a digital euro would require vast amounts of data to operate, from user identification to transaction details. This data could be used for profiling citizens, not just for financial purposes but potentially for broader surveillance or marketing, depending on how the data is shared or sold. 4. Integration with Digital Identity: There's a growing trend towards integrating financial systems with digital identity systems. If the digital euro were to be linked with a digital ID, every transaction could be tied directly to an individual's identity, further reducing privacy. This integration could lead to a scenario where financial transactions influence or are influenced by social credit systems or other non-financial metrics. 5. Potential for Surveillance Capitalism: The digital euro could enhance what's known as surveillance capitalism, where data about your transactions could be used to predict, manipulate, or influence your behavior for commercial or political gain. This goes beyond traditional banking privacy concerns into a realm where your financial data could be used in ways that are currently speculative but potentially intrusive. 6. Lack of Anonymity in Transactions: While some designs might incorporate privacy features, the fundamental nature of digital currencies means that unless explicitly designed for privacy (like some cryptocurrencies), they tend towards transparency or at least traceability. Even if transactions are anonymized, linking them back to individuals might still be possible with enough metadata or through secondary data sources. 7. Government and Corporate Overreach: Critics argue that the infrastructure for a digital euro could be used not just for economic purposes but for broader social control. This includes scenarios where access to funds could be restricted based on behaviors, political views, or compliance with laws or mandates, which might not be directly related to financial crimes. 8. Technological Vulnerabilities: The digital nature of the currency means it's susceptible to hacking, data breaches, or surveillance through technological means. While security measures can be implemented, no system is entirely foolproof, and the risk of unauthorized access to financial data is a significant privacy concern. The privacy concerns around the digital euro stem from its potential to shift from a system where privacy is inherent (like cash) to one where privacy must be engineered and protected through policy, technology, and governance. The debate over these issues involves balancing financial transparency for combating crime against individual privacy rights, a balance that remains contentious and subject to ongoing discussion and regulation.
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@LnAmbassador
⚡LightningAmbassador⚡
5 hours
@Bechi_89_ @DayOne1650302 @RomanReher @blocktrainer @c_lindner @fdp @YouTube ja. stell dir mal vor die fdp wäre nicht da.. Dann hätten wir jetzt Vermögenssteuer, Tempolimit, Bitcoin Besteuerung usw
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@LnAmbassador
⚡LightningAmbassador⚡
5 hours
@DayOne1650302 @RomanReher @blocktrainer @c_lindner @fdp @YouTube Naja ne Chance kann man ihm schon noch geben
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@LnAmbassador
⚡LightningAmbassador⚡
5 hours
@RomanReher @blocktrainer @c_lindner @fdp @YouTube Ich wills bitte gleich sehen, Roman
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@LnAmbassador
⚡LightningAmbassador⚡
11 hours
@JoeMartinDE bei 180k würd ich schon verkaufen - bzw. in andere Dinge tauschen... Du kannst ja nicht ewig hodln, Irgendwann bist Du zu alt für den Lambo
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@LnAmbassador
⚡LightningAmbassador⚡
12 hours
@blocktrainer @Strategy Krass. Und was macht der Kurs? Nichts... 🫤
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@LnAmbassador
⚡LightningAmbassador⚡
12 hours
@moneyordebt @Giovann35084111 Great! Looking forward to the next episode. Thanks for your constant, compassionate & passionate efforts to teach us.
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@LnAmbassador
⚡LightningAmbassador⚡
15 hours
@Tiefseher freue mich für die Gold-Bugs 🪙🐞 Sollen auch mal nen schönen Frühling erleben dürfen. In Q3 müssen sie wieder Spott und Häme ertragen wenn Bitcoin vorbeizieht 😆
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@LnAmbassador
⚡LightningAmbassador⚡
1 day
@AndreasFW888 @_FriedrichMerz was wählst du denn dann?
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@LnAmbassador
⚡LightningAmbassador⚡
1 day
@orangene_Orange Schon krass ... nur 0,2% aller Assets... Da geht noch was! Ein Anstieg auf nur mickrige 1% wäre schon eine verfünffachung ab heute
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@LnAmbassador
⚡LightningAmbassador⚡
1 day
@MGGA2021h @c_lindner mei was soll er machen mit 2 anderen
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@LnAmbassador
⚡LightningAmbassador⚡
1 day
@rjungbeck @DrPuerner Ich hab mich jeden Mittwoch mit den Bullen auseinandergesetzt - München Fußgängerzone. Hab noch 30 C&A Unterhosen aus der Zeit weil ich jeden mittwoch ein 3er pack kaufen musste um als Einkaufender zu gelten
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@LnAmbassador
⚡LightningAmbassador⚡
1 day
@JoeMartinDE @Robrevolver1 satter V6 Diesel ist aber auch geiler als so ein rollender Toaster
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@LnAmbassador
⚡LightningAmbassador⚡
1 day
@Justdoitalex @TuurDemeester 500k? That’s ridiculous. 180k max for two days if we are lucky and Liquidity takes off
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@LnAmbassador
⚡LightningAmbassador⚡
2 days
@JoeMartinDE das Teil sieht scheisse aus...
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@LnAmbassador
⚡LightningAmbassador⚡
2 days
@Giovann35084111 @GladiatorMSTR Can I apply for the Job of the Bavarian Ambassador in your italian Citadel? My main job will of course be to organize the trip to the ChampionsLeague Final Milano - Bayern München for all Citadel Inhabitants
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@LnAmbassador
⚡LightningAmbassador⚡
3 days
@moneyordebt wow 😅
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@LnAmbassador
⚡LightningAmbassador⚡
3 days
@MartGuenzel @rdk_bxl @spdde @Die_Gruenen Korrekt - das sind Transfer Jobs. Die Leute müssen Erfahrung in realen Unternehmen und in Wettbewerbssituationen haben.
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@LnAmbassador
⚡LightningAmbassador⚡
3 days
@bitcoin_clown That´s easy: Friedrich Merz
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@LnAmbassador
⚡LightningAmbassador⚡
4 days
@Sina_21st It does not make sense to use the Quantile Model for explaining the bubbles. Flawed
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