The #Coinbase data breach is the perfect example as to why #KYC applied to #crypto is a major security risk for crypto users. Wealthy crypto users are prime targets for criminals conducting wrench attacks due to the irreversibility of crypto transactions. Although the use of crypto #privacy tech can minimize the risk by making you a less attractive target, they still don’t fully remove the risk because once you’ve been KYCed, your data is forever at risk of being leaked. Regulators claim that KYC is necessary to fight criminals laundering money but they always omit to mention that it is at the cost of the safety of all cryptos users and to the profit of violent criminals. #Coinbasehack

Going after the creators of a #privacy tech because someone has used it for illegal activities is like going after the creators of the web because someone has used it for illegal activities. #FreeSamourai #TornadoCash

Interesting take on the #OP_RETURN debate. After watching this video, I’d like to know what are the arguments of the proponents for removing the OP_RETURN limit on using rules to filter non-financial data as an alternative solution? It seems to me that non-financial data is an issue in itself for which #Bitcoin wasn’t purpose built in the first place. They should be considered as spam. If the only good technical solution is to filter those data then so be it. That doesn’t prevent those who disagree to run software that doesn’t filter this data. #BTC

Here is an update on #Bitcoin price. The previous path 2 was invalidated although a variant of this path has a low probability (5%) of playing out (not in the chart). 35% probability: Path 1 is now the most likely. I made some slight adjustments to it but the final timeline and price target remain the same with a top at around $135k by the end of this summer. 30% probability: New path 2 is the most bearish case with the top already and the start of a downtrend that could send us as low as $13k. 25% probability: Path 3 is now the most bullish with good odds of playing out but less likely than path 1 & 2. This one would follow a parabola. That would send us to around $240k by the end of 2026. #BTC #Trading #Tradestr View quoted note →

I think the #Monero community should be open to explore the implementation of a hybrid PoS/PoW consensus mechanism. Here is why: PoS could enable sub 5 seconds finality which is a highly relevant capability to the core Monero use case which is best digital cash. How do you implement sub 5s finality with PoW? You can’t… Fast finality matters a lot for in-person payments. Merchants can’t wait for a transaction to confirm. Slow confirmation time is a drawback for #XMR (and all others PoW) that isn’t being discussed enough. There has been many PoW chains that have successfully implemented a hybrid PoW/PoS approach. For example, #eCash / #XEC a fork of #BCH launched by the founder of #BitcoinCash has implemented the avalanche consensus on top of the Nakamoto consensus. Their goal is to make eCash the best medium of exchange and they recognize that fast finality is an key feature for this use case. One concern with PoS is coin distribution especially for #crypto that had a pre-mine. That’s not a concern that Monero will ever have. PoW is still important to guarantee that the blockchain can be retrieved in a trustless manner as PoS has by design a trusted setup. Let’s take the best of both worlds and make Monero a better medium of exchange that it is already.

#ISaveWhatICanSpend #XMR #Monero

#Monero is the new SoV. #XMR #Trading #Tradestr

#sUSD holders feeling the slow bleed right now… #Stablecoin #Stablecoins #DeFi #Crypto #Synthetix View quoted note →