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ferenckovacs
Member since: 2023-02-02
ferenckovacs
ferenckovacs 2h

📡 The EU is reviving its Chat Control plan – and Hungary stays silent (while our digital freedom hangs by a thread) 🧭 The European Union is once again pushing a proposal that would mandate AI-powered scanning of private messages – even end-to-end encrypted ones. The official justification? 👶 Child protection. But the reality? This would be the end of private communication in Europe. This is not security. This is a blueprint for total surveillance – and once it’s in place, it will never go away. And in Hungary? 🧏‍♂️ Total silence. No public debate. No political stance. No media coverage. ⚙️ The regulation follows the usual EU legislative process: → 2022: first draft from the Commission → 2023: softened stance from the Parliament → 2025: possible final vote on October 14, led by the Danish presidency Meanwhile, the ProtectEU strategy runs in parallel, aiming to enable lawful decryption of encrypted data by 2030. 🔐➡️🧷 Germany, the Netherlands, Poland – they’re resisting. Hungary? Just floating along, no position, no pushback. 🛡️ This is not a “nerd topic”. It affects everyone who has ever messaged: – their family, – their partner, – their doctor, – their lawyer, – their employees. 📉 Breaking encryption doesn’t stop criminals. It just weakens everyone else’s security. Some say, “I have nothing to hide.” But the issue isn’t what you’re hiding. It’s who decides what counts as suspicious – and when. And once this system exists, you won’t be able to turn it off. Ever. 🔄 So what can we do? ✅ Don’t wait for someone else to act. ✅ Stay informed. ✅ And use tools that actually respect privacy: •🔵 @SimpleXChat – no central server, no phone, no email •🛡️ VPN + non-EU routing – to avoid jurisdiction creep You don’t have to switch entirely. But you should know these options exist – and why they matter. 😠 What’s most outrageous is not even the regulation itself – but the quiet way it’s being pushed forward. ❌ No public outrage ❌ No pressure on lawmakers ❌ No mainstream attention This is not paranoia – it’s happening. And if we don’t pay attention now, asking questions later will be pointless. 🧠💬 Digital freedom doesn’t preserve itself. But apathy guarantees we’ll lose it.

ferenckovacs
ferenckovacs 2h

Nice. Hungary also 😔 Pure decentralized power will give us protection — not politics.

ferenckovacs
ferenckovacs 2h

How are things going in Europe with that (sh*t) MiCA license?

ferenckovacs
ferenckovacs 2h

I’ve just started working on a parametric model for Bitcoin-backed lending. The goal is to define key variables: if you want to withdraw an “X” value each year, how much “Y” Bitcoin would be required to refinance that annually—based on dynamic parameters. At first glance, it looks sustainable. After 20 years, you’d only need to part with a fraction of the Bitcoin you lived off. I’ll share the details once I’ve finalized and double-checked the key numbers. The assumptions I’m using: – 7% annual USD inflation – LTV increasing from 40% to 65% – Bitcoin interest rates declining from 11% to 3.5% by 2045 What do you think, @jackmallers?

ferenckovacs
ferenckovacs 7h

What’s a good option for live streaming or creating content as a true Bitcoin maxi, guys?

ferenckovacs
ferenckovacs 22h

A lot more 😅

ferenckovacs
ferenckovacs 2d

That’s exactly why you can’t touch Bitcoin— it doesn’t exist in our physical world, so it can’t be stolen like a statue. Satoshi lives in an alternate reality, not in this 3D one.

ferenckovacs
ferenckovacs 4d

😂

ferenckovacs
ferenckovacs 4d

Hello #Edinburgh GM ☁️ 😅

#Edinburgh
ferenckovacs
ferenckovacs 5d

Just saw it at Budapest Airport.

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Creating value in hospitality, precast concrete, and property management. Member of @HuszonegyWorld, founder of @BitcoinMiskolc. #bitcoin

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