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52 sats \ 0 replies \ @DarthCoin 14 Jan \ parent \ on: Bitcoin and Chill bitcoin
btw... when I see somebody saying that are "libertarians"... I am just laughing. They are clueless...
Monero is nonsense. Here's why:
In most real world payments that go to companies, your blockchain's privacy doesn't matter. Why's that? Because if you buy something from Amazon you have to provide your shipping address. If you pay your insurance, it's attached to your social, license, car, etc.
In p2p transactions, let's review its privacy through the lens of what's happening in the real world:
On the darkweb, most of the top marketplaces are BITCOIN ONLY.
94% of all ransomware ransoms are paid in BITCOIN
Most sanction violations are in BITCOIN
The most recent global funded protest (Canada truckers) was BITCOIN
Drug cartels are rapidly switching to BITCOIN with more hardware wallets seized by Border Patrol yoy
The idiot Andrew Tate's sex trafficking raid seized BITCOIN
Judgment:
If its good enough for the criminals who require the most privacy, why isn't it good enough for you?
We have a layered network with L1/L2 now. Very powerful for privacy, and the Taproot upgrades are still mostly missing, but coming. Many CEX's have not integrated LN because its privacy is too good for their AML rules and blockchain forensics.
Also, when a circular economy grows, where enough goods and services are priced in bitcoin, exchanges become less necessary, and it's exchanges that are the vector blockchain forensics lever.
Also, as the usage of bitcoin increases globally, the data set increases exponentially, making privacy even better.
You see, with bitcoin we're trying to separate money from state. Very ambitious. That means the money isn't just for you and I, but for governments and businesses. Money that economies hedge in. Anonymity doesn't allow this. And if we're all sitting around broadcasting transactions in the dark, it means the money failed to ever achieve the separation of money from state, and we're still hiding.
Don't allow the Monero shills to tell you their anonymity is the key to anything but a low-volume protocol with a chart telling the sad story of a coin that in the most recent bull market couldn't even eclipse its previous high. That's a very bad sign.
It's been around since 2013! LOL. Failed to establish itself in any relevant way in the real world as the defacto currency of the private conscious entrepreneur. It's utter bullshit. And since it's been dropped by almost every exchange, it literally relies on bitcoin for its liquidity via atomic swaps and DEX's.
Lastly, their block subsidy ended so they rolled out a polite sounding scheme called "emissions", where they've removed the fixed coin limit to pay the security budget for mining.
I wouldn't accept Monero as payment for anything. Do you know anybody that saves money in Monero? That accepts it as payment? That has a Monero wallet app on their iPhone? Do you know any major application like CashApp or PayPal that has it? Do you know of any publicly listed Monero miners? Any Monero miners making industrial attachments to energy grids? Any companies like Intel producing mining chips, or companies like Exxon capping gas flares with bitcoin mining rigs? Look around. DON'T OVERTHINK. What do you see?
Leave the Monero bullshit to faux freedom fighters, people who think they missed out on bitcoin, or people who think they've found the next bitcoin. It's an illiquid shitcoin that's difficult to offload. So link this reply to any Monero shill trying to drum up interest with "fungibility" arguments.
Conclusion:
You don't need it.
I haven't gone through this whole thread yet, but this hits me:
- People who want the government to control more will use this information to validate their position to "Govern me harder, Daddy."
- The AI stuff is funny to me. If you are not training your mind to accumulate information, understand code, signals, environment then AI ain't going to help. That being said, I'm 53 and AI is a buzzword that comes and goes with computers. Watch 2001 or read that book from the 1960s.
- Practicing hatha yoga, breath exercises, meditation, physical exercise, martial arts and human interaction is a soft skill that needs to be cultivated.
- Read books.
- Learn a few languages. Not to master them but to understand that the languages are not so different. In ancient Egyptian (The Ancient Khem Civilization + Got Chemistry?) the word for cat is "meow". In Thai language the word for cat is "meow".
- Learn how to say no and walk away (negotiating techniques for the marketplace).
- Learn occult symbols. They are all over the place. The dark and light occultists do not care about electricity, internet or many things that they use to control the population. Sounds conspiratorial but central banking is definitely involved in this practice.
- Civilization dismantled is a constant process that happens slowly, historically.
- Trauma happens quickly so understanding it and how it is used against you is helpful.
- This original list might be overwhelming as has been stated in following replies but that;s how waking up works. The way to eat an elephant is one bite at a time.
- Things are nice and light is nice. I served in a "Light" division of the US ARMY National Guard. That meant that we could be carried off and dropped anywhere by helicopter. Light infantry takes 8 hours to clean up after an operation. Mechanized infantry takes a week. One incendiary grenade can ruin a mechanized vehicle in about 15 minutes.
- Spiritual Practice! Literally this means breathing practice. Hence conspire is to breath with others. Have a practice and it will save your life. It doesn't matter which one but it should be YOUR OWN and not one that has been dogmatically given to you.
- The monopoly of violence must always be considered. Having been incarcerated I can attest that having a spiritual practice will save your life. The better your practice the more respect you will get in the joint.
- Fear... Fear is natural but it is also the amygdala hijacked. Learn how your mind works! Learn about the R complex of your brain. Constantly in fight or flight is the mode of most people by design. Learn how to lower your time preference and get off of the treadmill.
- At No Agenda the motto of Connection is Protection is significant. There are meetups all over the place. https://noagendameetups.com/ You will meet knights, dames, douche bags, producers, ham radio operators, spooks, dudes named "Ben", pilots, air traffic controllers, moms, dads, human resources, gold bugs, shitcoiners, bitcoiners, nocoiners and amygdala shrinking gurus.
I really like this idea. I think it would have to be included in some format though that would be free from manipulation or removal, it shouldn't just be included in plaintext format so that anyone who had access to the code could just delete it or change it. Perhaps there could be some kind of webring-style service setup on nostr or a similar platform, that existed using a weighted trust kind of model, to ensure that people who were added to it for receiving payouts for contributions were individuals/developers who were known to other people who were known to be actual, contributing developers. Basically, if person A is a prominent developer who is known by many people, but person C is a developer who also contributes but isn't known by many people -- as long as they have one person (person B) in common, who can vouch for them, so to speak, it would enable their inclusion. Kind of similar to "social proofs", if you are familiar with the concept.
Could have any software/projects built that wanted to include it, just include the webring service thing as a dependency/included library, and it would periodically sync up with a web URL/nostr node that could push an array of the different lightning addresses, etc.
The federation should be able to publish a "proof of reserves" at some fixed time interval akin to exchanges. A merkle tree containing all the tokens might be very large, not sure if there's some private way of grouping them.. And then they would also publish signed UTXOs adding up to the same amount. Maybe have some "proof of funds" procedure like Hoseki if that calms people down. UTXOs could be moved/consolidated at the same interval to ensure that they aren't being "lent out" to someone else.
People's wallets could then verify their tokens exist in the merkle tree and that the UTXOs are correctly signed.
But yes, the guardians could go for a rug eventually. This just makes it harder to do up until that point of corruption.
GENESIS