You may not want to hear this, but Monero is what Nakamoto, Finney, et al. wanted Bitcoin to be: Private, unstoppable, P2P internet money Bitcoin has been captured via financialization, regulation, and KYC/AML Every transaction on L1 and most on L2s are permanently recorded, tracked and analyzed by powerful AI chainalysis tools. Monero is pure cypherpunk money. View quoted note → image

Replies (7)

Garth Algar's avatar
Garth Algar 1 week ago
Let’s assume wallstreet and friends captured BTC; and it seems they have at least financially;… then couldn’t they capture Monero even quicker judging by it’s small market size…? Is Monero able to prevent this from happening? Paper Monero, shady OTC deals and wallstreet controlled whale coins. Same shit show over and over again as often as they want, cause their money printer can just go brrrrr… :)
It's a good question I don't have a solid answer to. Maybe the Monero experts can address this?
I don't think you're accurate, because if they wanted it to be that, they would've made that, and not bitcoin. The point of bitcoins blockchain is that all transactions are visible, so it can't be tampered with without anyone looking at it instantly being able to detect the fraud and the fork it and everyone will just stay on the true, clean blockchain without the fraud.
When Bitcoin was launched in 2008, the technical design was "set in stone" (actual Satoshi quote). It was a significant breakthrough - he solved the double spending problem with POW and the longest chain rule. On the forums, Satoshi, Hal, and others struggled with the need for privacy and the lack of a viable solution. They didn't have the technology yet. It came much later in 2014, when CryptoNote was developed (the Genesis of Monero). Hal died quickly from cancer that same year. Hal said in an interview (paraphrasing) "if you see a new crypto money that doesn't have privacy, it's not legit." This is all documented and not a matter of opinion. Regardless, who cares about what some anon developer said in 2008? Cryptography and computer science is light years ahead now - why would you bet the freedom of mankind on caveman cryptography? Privacy is a prerequisite for freedom and human dignity. If that offends someone's financial position, they're not a cypherpunk, they're a ponzi speculator.
ProfAnarch's avatar
ProfAnarch 5 days ago
ProfAnarch's avatar ProfAnarch
View quoted note → You know, he's right. Deep down, all of you are aware of Monero's superiority and are quite concerned that we may be proven correct. Tick tock. Your time is running out and things are accelerating. Get your minds straight, you KYC-worshiping bitchcoiners.
View quoted note →
The answer is one that might surprise you. 1. Assume your project is already compromised 2. Assume Intel agents are involved in the project 3. Encourage anonymous devs who have less attack surface IRL (we already assume some are compromised) 4. Only ever use decentralised, censorship resistant public channels for decision making (assuming there are hidden coalitions/communication) 5. Focus on one thing and make it the overarching goal 6. Hope that forces of liberation outweigh the forces of control by constantly contributing to more freedom through the development of the tech (which inevitably will raise its opponents) 7. Align incentives by paying out in the project currency 8. Make dev process and funding transparent and auditable 9. Encourage the community to use decentralised communication channels 10. Invite criticism /auditing and make utva cultural corner stone no one can question with good faith. Monero community overall those pretty well, though I see some potential for improvement and reliance on devs (some public ally known) as well as centralised infrastructure, though it akready waned a little bit (reddit).
Neutral money will equally serve good and bad intentions. The money is not in itself responsible of how we treat each other. That's a question of consciousness and human interaction.