Privacy Is Dignity's avatar
Privacy Is Dignity
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Escaping the regime's matrix. XMR: 8AsfFbPG1wVY7wkygo9BecaDLnrBUjTtieZSkkztoX5ZjFsDQzYR5s9R6HW51mQiw3gCviM3Q98tE1QjU2VU2JmRBmGZywr
Wikipedia has lost its legal case against the UK's Online Safety Act. My thought is: Why are websites based around the world even listening to the UK's pariah regulatory body?
Monero is tanking pretty hard and some Monero-bros are panicking. Such weak hands. XMR is still up from before the April mega pump started. And even if it were down some, that's normal. It was the April pump that was abnormal, and of course nobody complained when that happened.
@PIVX bastyon I'm trying to sign up, but I keep getting this message: There is some problem with your registration due to strange activity. To continue interacting with Bastyon, you can replenish the balance of your wallet yourself PDns9z72AgADmtgJ7AanPPDJ81xZatzmK6 or contact support Can you help please? I did NOT send any funds to that address. I am concerned this message may be fraudulent or that the registration flow is malfunctioning.
XMR is puking, but it's only a bit lower than where it was before the April pump. Those who got excited about getting rich like those "number go up Bitcoiners", let that be a lesson to you: Use XMR as a decentralized currency, not a get rich quick scheme. How many people bought at the top because "gurus" on Twitter and Nostr were predicting it is about to go to the moon? They've lost out now. How many of them were actually Monero-bros before they sold out their values for "number go up"? Remember what Monero is supposed to be. Bitcoiners will probably have their day too. But don't be like Bitcoiners.
Monero is puking in price. Am I bothered? No, because I never treated it as a get rich quick scheme. When it pumped last April, Monero-bros turned into Bitcoiner-style price maxis, predicting wild prices. They're tellingly silent right now. Incidentally, Monero has a lot less a height to fall from than Bitcoin, so Bitcoiners should watch out too. Lesson for both: Don't let greed hamstring a cryptocurrency's true purpose. Use it as a decentralized currency to exit the fiat system. Price won't be as high, but you'll have more financial freedom - the true goal of these things. As it happens, BTC is almost completely commandeered by the regime now. They own large amounts of it, but they also track the people's BTC via KYC and regulations. They can track people's BTC, tax their BTC, and confiscate it. It's too close to a CBDC now, to be worthy of the title of a decentralized cryptocurrency.
Real estate is a good hedge against fiat IF... and only IF... you can keep your ownership anonymous like non-KYC crypto or gold. Otherwise, the regime can take it from you.
Let’s kill the myth once and for all. Art is not an “investment.” It’s a tax optimization tool, a reputation veil, and a money laundering pipeline, wrapped in a canvas and beautifully framed. The only ones who push the narrative that art is a store of value or long-term investment are the dealers, galleries, and auction houses who make obscene margins off you believing that nonsense. They market it like Wall Street markets NFTs or CFDs: all talk, no fundamentals. Why Art Isn't an Investment:​ - No intrinsic value. Art generates no cash flow, no dividends, no rents. Its “value” is entirely subjective and dependent on hype, social signaling, and insider collusion. - No real market price. The art market is opaque by design. Most deals are private. Prices are fabricated via insider bidding at auctions, then used to justify valuations elsewhere. Try selling that “$2 million Basquiat” and see how liquid your investment is. - No yield, no compounding. You’re not earning interest. You’re paying storage and insurance for something that can’t even be proven to hold value over time. That’s negative carry in disguise. - No market efficiency. Unlike public markets, art is illiquid, unregulated, and driven by artificial scarcity. That’s not a market. That’s a stage show. Now for the real use: What art is good for:​ - Laundering money. Buy art anonymously. Ship it to a freeport. Sell it later through a related party at a new price. Voilà: clean capital gains. No one asks questions. No FATF compliance. No KYC. Just “taste”. - Parking wealth. A painting is portable, discreet, and immune from the banking system. For oligarchs, traffickers, and politicians, it’s the perfect way to store value when gold is too obvious and Bitcoin too traceable. - Reducing taxes. In the US and many other countries, “donating” art to a museum at an inflated valuation gives you a massive tax write-off. Often worth more than what you paid. Even better: the museum might let you keep it on your wall. - Cross-border capital movement. You can’t wire $10M out of certain jurisdictions easily. But you can ship a $10M “painting” on a plane. Customs? “It’s personal property”. The Real Con:​ Art dealers sell the illusion of investment to the dumb money. Just like watch dealers pumped “Rolex as investment” until speculators flooded the market and prices crashed. The smart money doesn’t buy art to invest. They buy it to hide, move, or erase money. If you think you're the next Medici for buying a digital ape or an oil-on-nothing for $500K, you're not investing: you're the mark. Morale: Art is beautiful. Just don’t confuse it with a portfolio.