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Author Topic: Bitcoin a truly censorship resistance, Tallycoin raised fund for Canadian trucks  (Read 282 times)
Cookdata (OP)
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February 07, 2022, 03:29:06 AM
Merited by Wind_FURY (1), dkbit98 (1)
 #1

The truckers convoy and the Gofundme platform didn't work out when millions of dollars were raised against the Covid 19 protest and people's free movement in Canada.
The truckers convoy protest has been going on for over a week now since many people have been forced to take Covid 19 vaccines and have been restricted from moving around. It was going well and had received a lot of support and donations until Gofundme halted the donations and claimed to refund money to donors if they specifically ask for it or the money will be redirected to charity after police declared it an unlawful activity.

Tallycoin[1], a platform built on the bitcoin blockchain with zero fees and a lightning network, was able to help raise donations from several people from different continents and several Satoshi's in less than 48 hours, totalling more than $250,000.



Source: https://tallyco.in/s/lzxccm/

The objective was to raise 615,000,000 sats, and as of this writing, it has achieved 646,120,679 sats and counting.



https://mobile.twitter.com/pleb331/status/1489764246980374532

Jeff Boot [1] and Gregg Foss [2] hold the keys to the funds, and BTCsessions[3] built the website.



Source: https://tallyco.in/s/lzxccm/

The chart donation and the total amount of BTC that has been raised so far.



References:
[1] https://tallyco.in
[2] https://mobile.twitter.com/BTCsessions
[3] https://mobile.twitter.com/JeffBooth
[4] https://mobile.twitter.com/FossGregfoss
[5] https://www.dw.com/en/gofundme-ends-fundraising-for-canada-trucker-protest/a-60669576

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February 07, 2022, 08:55:24 AM
 #2

Bitcoin will be used where its needed, and I believe, like the Heroine dealers in the dark markets who can’t use the legacy banking system, the truckers who have been censored by GoFundMe are welcome to use a decentralized, censorship-resistant, permissionless alternative. This is mainly part of why Satoshi made Bitcoin for in my opinion.

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February 07, 2022, 10:47:16 AM
 #3

Bitcoin protocol is designed very well to against censorship but there are attempts to censor Bitcoin transactions. As a magic effect from decentralization, Bitcoin network is safe so far.

Let me introduce the Marathon miners have started censorsing Bitcoin transactions. It is an example for what I meant.

Because its hashrate is very high, the level of decentralization is great too so that it is a great barrier for 51% attack and censorship attempts.
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February 07, 2022, 10:56:47 AM
Merited by Cookdata (1)
 #4

GoFundMe sucks big time so no surprise people will look for more secure alternatives.
In this regard here's a nice screenshot Smiley
Well someone sent 2BTCs.

Go, truckers goo! Smiley It's all about freedom.

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February 07, 2022, 11:47:28 AM
 #5

I haven't heard of Tallycoin before but it seems that Gofundme has helped many to gain popularity.

Bitcoin protocol is designed very well to against censorship but there are attempts to censor Bitcoin transactions. As a magic effect from decentralization, Bitcoin network is safe so far.

Let me introduce the Marathon miners have started censorsing Bitcoin transactions. It is an example for what I meant.

Because its hashrate is very high, the level of decentralization is great too so that it is a great barrier for 51% attack and censorship attempts.
Actually, Marathon pool has stopped mining only OFAC-compliant transactions shortly after this news about censorship that you mentioned has come out, here is the proof: Bitcoin Mining Company Marathon Will Stop Censoring Transactions, Start Signaling For Taproot

It seems they understood that trying to censor transactions in bitcoin is not only pointless, but also it is highly unprofitable for miners themselves whose only goal and incentive is to return the money they invested in hardware and electricity. By not including non-compliant transactions that usually pay a higher fee, you basically shoot yourself in the foot making your business less sustainable and less reliable. Economic incentives at work outweigh questionable regulation that benefits no one.

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Cookdata (OP)
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February 07, 2022, 04:43:42 PM
 #6

The amount to be raised appears to have been updated, the previous target was achieved and it has been raised to 1,000,000,00 sats, yet strangely, donations continue to pour in. People are really supportive, and I'm convinced that bitcoiners have one of the purest hearts in the world.
As of this writing, 88% had been reached.


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February 07, 2022, 05:18:10 PM
 #7

Gregg Foss [2] hold the keys to the funds,
I just became a fan because of his recent tweets [perfect timing for portraying the future, when banks and governments get more involved with their own twists]:


it has been raised to 1,000,000,00 sats,
~Snipped~
As of this writing, 88% had been reached.
I'm glad people are still donating, but it's a bit strange that after it reached its goal earlier, they decided to raise it [IMO, they're not transparent enough to new donators]!

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February 07, 2022, 08:14:13 PM
 #8

Bitcoin fixes this, and this is a great use case for BTC.
They can't stop Bitcoin donations, but in time of big censorship like we are now I wouldn't be surprised if they start to blacklist more BTC addresses used for receiving donations.
Regulators could force centralized exchanges (Coinbase etc.) to freeze accounts from anyone use this funds for depositing there.
Be smart and switch to decentralized exchanges and use mixers to avoid possible future issues.

I'm glad people are still donating, but it's a bit strange that after it reached its goal earlier, they decided to raise it
It's not so uncommon to have multiple goals in one campaign, and I saw something similar in many fundraising campaigns made in dollars.
I don't know how reliable tallyco.in website and who made it, so it's better to investigate their history and domain owners.

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February 07, 2022, 08:33:50 PM
 #9

Isn't anyone worried about this?  

Much of the money is coming from the US to fund lawbreaking in Canada.  Is this the best case for a crypto world? What if North Korea sends BTC to "Antifa" protestors in the US to foment unrest?  

Censorship is a slippery slope, but so is decentralization.
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February 08, 2022, 04:03:10 AM
 #10

Isn't anyone worried about this?  

Much of the money is coming from the US to fund lawbreaking in Canada.  Is this the best case for a crypto world? What if North Korea sends BTC to "Antifa" protestors in the US to foment unrest?  

Censorship is a slippery slope, but so is decentralization.

The Canadian Government has been breaking their own long-established laws for over two years. If you watch actual videos of the Ottawa protests it is impossible to not see the Love, respect, joy and hunger for freedom in those people.
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February 08, 2022, 04:11:17 AM
 #11

Actually, Marathon pool has stopped mining only OFAC-compliant transactions shortly after this news about censorship that you mentioned has come out, here is the proof: Bitcoin Mining Company Marathon Will Stop Censoring Transactions, Start Signaling For Taproot
Yes. At least there are attempts to censor Bitcoin transactions and we need such ones to prove that Bitcoin protocol and its healthy network can fight against it very efficiently and successfully. If we don't have such attacking attempts, we have nothing to prove that Bitcoin can succeed to prevent such things.

Quote
It seems they understood that trying to censor transactions in bitcoin is not only pointless, but also it is highly unprofitable for miners themselves whose only goal and incentive is to return the money they invested in hardware and electricity. By not including non-compliant transactions that usually pay a higher fee, you basically shoot yourself in the foot making your business less sustainable and less reliable. Economic incentives at work outweigh questionable regulation that benefits no one.
It is same for 51% attacks that are impossible because of cost and benefit. It can be done years ago when technology was worse than now. Nowadays, with AIs, bots, etc. such attempts will be detected within seconds after it is triggered so that Bitcoin community will response very fast and stop it.

See how fast Coinbase detected and responsed very quickly to Ethereum Classic hack. Deep Chain Reorganization Detected on Ethereum Classic (ETC)

Spend a lot of initial cost to run attack and end with unavoidable failure, who will readily to do it?
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February 08, 2022, 05:28:11 AM
 #12

Bitcoin protocol is designed very well to against censorship but there are attempts to censor Bitcoin transactions. As a magic effect from decentralization, Bitcoin network is safe so far.

Let me introduce the Marathon miners have started censorsing Bitcoin transactions. It is an example for what I meant.

Because its hashrate is very high, the level of decentralization is great too so that it is a great barrier for 51% attack and censorship attempts.


Marathon will learn, the hard way, that it’s the incentive-structure that’s keeping the whole network together when they are out of business. Marathon doesn’t want those transactions? Another miner will be happy to take those transactions in their blocks, and be paid for it.

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February 08, 2022, 06:00:18 AM
 #13

Isn't anyone worried about this?  

Much of the money is coming from the US to fund lawbreaking in Canada.  Is this the best case for a crypto world? What if North Korea sends BTC to "Antifa" protestors in the US to foment unrest?  

Censorship is a slippery slope, but so is decentralization.


Same with how BLM was funded. Yes, it's possible that North Korea could send BTC to "Antifa" protestors. That's alarming but can we prove that in Tallyco.in data?

We could send BTC to some groups in NK but which group?
This is where the government will realize how vulnerable they are compared to other systems of government. When people realized the power is with them when there is unity like the Truckers unite for Freedom Convoy.

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February 08, 2022, 06:10:17 AM
 #14

Much of the money is coming from the US
How do you know where the funds are coming from? These are bitcoin transactions and they don't have any geolocation!

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to fund lawbreaking in Canada.
Protesting dictatorship is not lawbreaking.

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What if North Korea sends BTC to "Antifa" protestors in the US to foment unrest? 
What if they continued using US dollar like before? Or what about US itself funding terrorism using US dollar for at least 50 years?

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February 08, 2022, 06:42:34 AM
Merited by pooya87 (3)
 #15

How do you know where the funds are coming from? These are bitcoin transactions and they don't have any geolocation!
You are right, bitcoin transactions don't contain personal information or information about geolocation that can be used to identify the nationality of those who are making donations. But to make a donation you first need to visit the Tallycoin website which collects personal information such as email addresses, bitcoin addresses, usage data, IP addresses, your name or pseudonym, etc. Not only do they collect such information, but they also share this information with anyone who asks for it to protect themselves. For example, if some authoritarian government wants to know who donated to an opposition party, they can request such information from Tallycoin and will likely get the answer. Obviously, authoritarian governments can't censor bitcoin transactions, but they can identify, censor and punish people who make those transactions. Websites like Tallycoin wll readily give a helping hand to any dictator.

Read: https://docs.tallyco.in/privacy_policy.php


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February 08, 2022, 01:01:06 PM
 #16

GoFundMe sucks big time so no surprise people will look for more secure alternatives.
In this regard here's a nice screenshot Smiley
Well someone sent 2BTCs.
Can’t imagine a world where there is no Bitcoin and how things would have been. It would have been really difficult, because in a situation like this, they could have all been silenced at once and have no other way to go about this funding because GoFundMe wouldn’t allow them to do it. But since there is Bitcoin, it has opened a way when things have got tight and people still continued with their funding despite all that has happened. And this time around there wouldn’t be any force to stop them, because no one has control over Bitcoin due its decentralization.
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February 08, 2022, 05:18:19 PM
 #17



Bitcoiners smashed the 10 BTC goal 4 hours ago and did it again with ease.
The target has been raised to 2,000,000,000 sats this time, and donations are still flowing in. At this point, I am concerned about the custody of this donation if it will be effectively handled for the purpose.

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February 08, 2022, 10:23:53 PM
 #18

-
Bitcoiners smashed the 10 BTC goal 4 hours ago and did it again with ease.
The target has been raised to 2,000,000,000 sats this time, and donations are still flowing in. At this point, I am concerned about the custody of this donation if it will be effectively handled for the purpose.

they achieved their goal fast. that was nice! it means, a lot of people are supporting their cause. however, you are right, i hope people who are in charge to hold the funds will do the right thing and release it to the appropriate individuals.
on the other hand, tallycoin platform will gain their popularity. they should not screw this opportunity as they will gain credibility out of this situation, if they will stay true to their mission.

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February 09, 2022, 11:36:23 AM
 #19


to fund lawbreaking in Canada.


Protesting dictatorship is not lawbreaking.


IN FACT, it's the Canadian government or any state-government, by enforcing vaccine mandates and mask mandates through use of force and threats, that's unconstitutional. It's laughable. The Bitcoin donation drive is definitely a public good.

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February 09, 2022, 12:08:23 PM
 #20

While I'm in favor of incentivizing people to vaccinate, I couldn't be more against if you abused their rights to accomplish it. There are some who don't want to get vaccinated, you can't deny that they don't have even one valid argument. Even if they're wrong, you're just exacerbate it with such actions. (Such as the donation's restriction)

Protesting dictatorship is not lawbreaking.
Not sure if it is. Also, not sure if laws matter in dictatorship. Constitution is undermined.

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