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LogicallyMinded
npub1s0fs...rqf5
Crypto trader. Independent thinker diligently working to move the Overton window closer to the truth. Advocate for decentralized governance models and freedom tech. Banned from Twitter for denouncing the vax pass. Don’t follow if you can’t handle the truth!
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LogicallyMinded 7 months ago
The #Qubic price dump is going to be as good as a #XMR buy opportunity as the Binance delisting price dump was. #Monero
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LogicallyMinded 7 months ago
“The most dangerous part of KYC is that it doesn’t look dangerous. There’s no siren, no red alert. Just a few forms, a phone verification — maybe a bonus if you sign up today. But each form you complete feeds the machine. Not just for you, but for everyone you interact with. KYC isn’t just surveillance. It’s contagious. A single identity-linked wallet poisons the privacy of every address it touches. Chain analysis firms don’t need to know everyone, they just need to know someone. Once that anchor point is set, mapping becomes mathematics. You’re not stacking sats. You’re stacking evidence.” This is one of the best reason as to why we need #privacy on the base layer as opposed to being optional. With optional privacy, the unawareness on the importance of privacy by those you transact with put your own privacy at risk. #Crypto #Monero #XMR #KYC https://www.zerohedge.com/crypto/know-your-customer-cryptos-quiet-kill-switch
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LogicallyMinded 7 months ago
Comprehensive presentation by #RichardGage exposing the evidences that the Twin Towers and #WTC7 collapsed due to a controlled demolition. #911
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LogicallyMinded 7 months ago
Is #Qubic’s attack strengthening the cas for #Monero to migrate to hybrid PoW/PoS? Although far to be a total victory, Qubic’s merge mining attack on Monero shedded light on a weakness for pure PoW blockchains. Indeed, merge mining enables an auxiliary chain to incentivize the concentration of the hashpower in exchange of extra rewards. In the case of Qubic, the flaw is more apparent as Qubic has been intentionally adversarial but the same issue would remain for other non-adversarial auxiliary chains such as #Tari or #DarkFi. Because of the extra rewards offered, it would be rational for economically motivated miners to direct their hashpower to those auxiliary chains, hence concentrating hashpower over time. Maybe some smart brains will figure out a solution that would prohibit merge mine on a pure PoW blockchain but assuming this can’t be done, a PoW/PoS mechanism could be an alternative solution. It’s exactly because of security concerns that some PoW blockchains have moved to a hybrid PoW/PoS model. #eCash (a fork of BCH by Amaury Sechet, the founder of BCH), has moved to a hybrid PoW/PoS (Nakamoto+Avalanche consensus) to prevent 51% attacks on the network and improve the user experience (sub 3 seconds finality). The goal of eCash is to be the best form of digital cash which requires fast finality. Still in the case of eCash, it can be debated whether or not digital cash with optional privacy can be the best form of cash (to most Monero folks, the answer would be no). Another example is Boolberry that was relaunched as #Zano with the migration from pure PoW to a hybrid PoW/PoS chain. Here again, security concerns motivated the transition. On the user experience front, Zano also benefited from the integration of PoS by offering faster transaction finality. Notably, it’s likely why Aaron Day chose Zano over Monero for the launch of his point-of-sales system as long finality times aren’t acceptable for in-person merchant payments. It’s questionable whether Zano is secured enough with PoS as the coin distribution was heavily influenced by the Boolberry premine, but this is not an issue that Monero would have. Due to its fair launch, focus on medium-of-exchange and lack of supply held on exchanges (thanks to the delistings) Monero is really well positioned to augment its consensus with PoS without fearing attacks related to the concentration of #XMR in the hands of a few. PoS presents the advantage to lower the barrier to entry to participate in the consensus and earn a share of the coin emission. It should make the network more resilient to the attack of a small actor (let’s be honest, Qubic is a small actor). Plus some PoS consensus such as Avalanche can allow for a high degree of coin concentration without risking the network of being attacked. Even with a classic PoS consensus, Monero would certainly be one of the most secure PoS chain out there. In addition, PoS would enable faster transaction finality which is a key feature Monero lacks to be the best digital cash possible. That said, PoW still has its importance for Monero. In pure PoS blockchains, a new validator joining the network needs to connect to a set of trusted validators to load the blockchain history. Those are usually maintain by the core teams or foundation. The real utility of PoW is to enable a new validator to bootstrap the blockchain in a trustless manner (by seeking the chain with the most work rather than trusting a given set of validators). Hence a PoW/PoS model is preferable to a pure PoS model. It’s no secret that the culture of the Monero community is generally opposed to PoS. Maybe this strong stance is slightly ideologically driven. We certainly can be proud of being one of the few respected PoW blockchain left out there but maybe this Qubic event will change the narrative. Whichever path Monero takes next, hopefully the chain will gain in resiliency.
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LogicallyMinded 7 months ago
This is the future of centralized services on the internet. You will be required to #KYC to simply watch videos on YouTube like in the UK and you won’t be able to bypass the restrictions using a VPN. The sooner we start adopting decentralized services such as #nostr the freer the internet will be kept. image
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LogicallyMinded 7 months ago
The presence of the third interstellar object #3IAtlas ever detected in our solar system is probably one of the biggest story to keep an eye on in the coming months. This object presents a set of characteristics that makes the base hypothesis regarding its nature (comet) somewhat suspicious. #AviLoeb even suggested the alternative hypothesis that it could be an alien craft with potential hostile intent. In the meantime, I have not seen any thorough debunking of Loeb’s calculation and hypothesis. A lot of the #UFO researchers are pretty silent on this event. Mainstream journalist specialized on the UFO subject, #RossCoulthart, even minimized the importance that 3I/Atlas could represent. Some people have indicated that it is known for many years that this object would pass in our solar system. If that’s true and if indeed, this object is artificial, it could explain the ramp-up we’ve seen over the last decade or so in the mainstream media and by the U.S. government to address the UFO topic. The heated debate over whether or not the #deepstate may stage an #alien invasion is also gain in relevance in light of the recent observations. Is AI/Atlas nothing more than a natural object that goes against the odds? If not, what would be its mission? Could the humanity be on the verge of a major interstellar threat? If that is the case, who would have an interest in covering up this threat and why? #UFOs #Aliens #Astronomy
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LogicallyMinded 7 months ago
Thanks to the implementation of sublinear staking, the #Idena network finally got rid of the human farms. This means that currently the network runs a set of validators (153 as of now) that are all unique humans and all have equal voting power (for block production, verification and oracles). This demonstrates a level of decentralization that is not seen in classic Proof-of-Stake or Proof-of-Work #blockchain. At current price, $3,600 worth of #iDNA is distributed monthly to the network participants (420 as of now). Those rewards are distributed based on the participants’ stake amount in a way that small stakers earn less than high stakers but benefit from a higher APY. This mechanism prevents the coins supply from being concentrated in the hands of whales over time. Overall #ProofOfPersonhood is a novel and promising approach that is showing some success. Something worth looking into if you are a decentralization maxi. #Crypto #IdenaNetwork
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LogicallyMinded 7 months ago
The number of active users on #nostr has been dropping for the past six months. IMO, a big factor for this drop is the lack of algo to prioritize and personalize high value content. Without content prioritization, content creators can’t make it to this game unless they regularly post new content which has the perverse effect to flood users’ timeline with less valuable content. I don’t know how technically feasible it is for Nostr to implement content prioritization algos (it doesn’t seem so straightforward) but I’m afraid that without this feature, Nostr growth is doomed. image
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LogicallyMinded 7 months ago
#Bitcoin price forecast update: Below are the two paths for #BTC that I see as the most likely. Path 1: The typical 4-year cycle. This path would send Bitcoin to around $135k in the next weeks/months and would be followed by about 200 days of sideway consolidation. A final leg up to around $150k in around May 2026 would mark the top for this bull cycle. Path 2: The extended supercycle. This path would send Bitcoin upward to around $220k by the mid-year next year. This move would be follow by close to 400-500 days of sideway consolidation. A final leg up to around $250k in 2028 would mark the top for this bull cycle. The key area to watch for is the resistance line (white line) drawn from the tops of the current cycle. Reaction at this inflection point is likely to determine which path Bitcoin will take. If Bitcoin fails to break above on the next leg up, then path 2 will be favored. If it convincingly breaks above then, the supercycle scenario will be at play. As always many alternative scenarios are possible including a deeper retracement or more consolidation in the current range before the next leg up. Those can take place and still keep the character of these two paths possible. #Trading #Tradestr image View quoted note →
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LogicallyMinded 7 months ago
#Bitcoin hasn’t seen a significant pullback over the weekend. The pullback may still happen next week but it’s now more likely that we trade higher without seeing a pullback. #BTC #Trading #Tradestr View quoted note →
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LogicallyMinded 8 months ago
There is the potential for a short term pullback here on #BTC. If it happens, we need to remain above $107k and Ideally $111K to maintain the impulsive structure. Also if $117K is breached, I’d like to see this level being quickly reclaimed for more continuation upward. #Bitcoin #Trading #Tradestr View quoted note →