Hey bitcoiners, are you sure that you will be able to use non-KYC bitcoin in near future?
Do you know what BIS is?
Take your time to read what they are planning ๐
https://www.bis.org/publ/bisbull111.pdf.
Without privacy on L1 Bitcoin, bitcoin is useless as freedom money..
#bitcoin
#monero
#nostr
#grownostr
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Replies (60)
Privacy is not a needed core feature of money.
And in your case perhaps even more important, won't protect against government overreach/abuse.
Just like money neither will privacy nor the combination of those two will be able to solve everything.
Privacy is a core princilple of money, without private transactions you dont have soveregnity neither freedom.
It alwas was, this madness to make money not private has less than 20 years, and look how we are.
All history was made with privste money, but you now think that this prototype digital money that they made is the correct way to? This nonsense
Strongly disagree. Privacy in money is essential to a free (like in freedom) society otherwise all your transactions are observable and will be observed by those in charge and used against you if you don't follow their orders.
Have to love good ole fear mongering on a Friday morning!
Sure you probably wonโt be using your non-KYC stack to make large purchases like buying a house but they wonโt be able to stop you from making small p2p purchases for things like beef, weed from @CraftCanna and @Oshi (ๆจใ) Hold butter
Nothing like a lil #zapsnag ๐ฅ๐ค๐ผ๐ซ
Why not? It is not permissionless money? Why should i validate it with state if my coins are tainted or not to make big purchases?
Small p2p purchases will also be analyzed dude, so neither to that kid will be able to use it
Sounds like useless to me
How are they doing with the war on drugs or war on terrorism? You make it like governments are competent/efficient entities
Do the bare minimum to comply and if all of us reject their Orwellian bullshit they wonโt be able to do shit
Best of luck with monero my dude.
I will be saving in bitcoin and teaching my kids how to use it as money for anything they need
Isnโt Monero under a 51% attack at the moment?
Privacy enables fungibility, which is a core prerequisite for money.
There is only very little real money in today's world (thanks to digital fiat credit KYC expansion), so people like you don't know what's the difference between money and credit.
Let the enshitification of Bitcoin begin.
Either you Bitcoiners fight this at the highest courts or you will be left holding a worthless bag.
Hey bitcoiners, are you sure that you will be able to use non-KYC bitcoin in near future?
Do you know what BIS is?
Take your time to read what they are planning ๐
https://www.bis.org/publ/bisbull111.pdf.
Without privacy on L1 Bitcoin, bitcoin is useless as freedom money..
#bitcoin
#monero
#nostr
#grownostr
View quoted note โ
View quoted note →
Why do you think someone would be legally allowed to accept monero if they canโt accept certain bitcoin utxoโs?
Governments are great at 2 things:
1. Centralized violence.
2. Creating black markets.
Bitcoin will be fine.
From a pool with 20% hash rate?
It's called selfish mining attack. Yes. I recommend people to read up on the topic before parroting the media narrative, that is clearly designed yo provoke a sell off so CEX can cover their naked shorts.
Monero is black market money. It's not waiting for permission from state controlled markets.
If all of us do the bare minimum....
You do realise that 80% complied with shooting themselves poison up their veins, that offed some directly only because that was the hottest thing to do and show off how compliant one is with bullshit demands.
@Russo @โดษเธฟโฆษโฎโดโญลโฅโณโดโญ
Privacy on L1 BTC is not possible due to bad engineering choices early on. The core dev team is compromised or retarded.
On #BitcoinEducation Cash (BCH) we have CashFusion which is a supercharged coin -join.
If you want freedom money Bitcoin Cash is the ticket.
CashFusion - True Privacy on Bitcoin Cash

Odysee
CashFusion - True Privacy on Bitcoin Cash
Download Electron Cash with CashFusion at electroncash.org
The guy is not wrong. What is the point of Bitcoin if the entire structure to acquire them is government controlled. It's not cash anymore. It turns into Electronic money.
Somehow my instinct told me that freedom cannot go through technology and internet but totally the opposite.
Free will be who will be able to walk around without a mobile phone unaffected.
I am hopeful folks will learn from past mistakes.
I know I certainly have woken up to a lot of the bullshit over the past 5 years. I am assuming there are many others like me
My transformation started with bitcoin btw...
True fungibility makes checking the total amount in circulation impossible.
I have that higher on my agenda than True fungibility.
If the government discriminates against non-KYC bitcoin then they certainly also will discriminate against Monero as a whole, since the anonymity/privacy is what they have a problem with. So whatโs the difference really? Seems like the real power in all of it comes from going around the government and the fiat system entirely in the long run. There will always be somewhere in the world that will accept your money, maybe just not the shitty over reaching western countries that we current live in during the final death throes of the fist collapse.
No it doesnt, you can audit Monero supply.
That's why Monerists are building truthly circular economy tools that don't need to be gov backed and Bitcoiners are building "circular economy" backed by KYC/AML and gov.
We are not the same...
Wel than you should know my reply.
The difference is that we already know gov will not allow, transact legally with privacy, and we build with this on mind.
The real difference between Monerists and Bitcoiners is that Monerists are building tools that gov cant censor and real circular economy.
Bitcoiners are building in a different way, they are build all the surveillance tools and opting out freedom improvements so gov accept bitcoin as money to pump the numbers up.
There is circular economy (black markets), and there is the fake circular economy that bitcoiners allways talk, that is make businesses accept bitcoin, and my friend, you can call it whatever you want, but that circle bitcoiners are building will never be circular economy...
Normal businesses accepting bitcoin is not circular economy, is joining bitcoin with state...
Man, one this is knowing the supply because your node sees when a block is mined, another thing is you being able to know who transact with who, and how much they spend.
Run a node and understand how it works before Fudding
Sure.
My next question would be how to prevent a double spend if monero had true fungibility.
But all that Fudding.......
Do you know what causes double spending and why it happened in legacy systems?
Do you know what a blockchain is?
Because by what you said, it seems to me that you dont understand what causes neither what solves it...
Anf yeah, is all FUD what you are saying
I donโt have a problem with Monero. Iโm not tribal about it. Iโd take Monero as payment and swap it for bitcoin later if I want. Donโt know why so many people like to sit around throwing shit at each other all day.
Thatโs human nature
Indeed, all those idiots using wos, coinos and etc at local businesses that know nothing about bitcoin, Linux and running your own LN node will simply comply with the govt man when he arrives and stop using sats, If not losing everything by own mistakes.
I must agree those are all convincing arguments.
So I let you enjoy Monero.
Can you please let me enjoy Bitcoin ?
You are free to enjoy whatever you want.
And before spreading FUD, at least reaserch.
Page not found!?
"best of luck with Monero"
LOL this guy.
What?!
Take your time.
Wisdom is chasing you, but you're too fast.
Thank you for the condescending answer to a question
Do you think govs are at war on drugs or terrorism?
They are the fucking drug dealers, and they are the ones that do all terrorist attacks..
Well it's just tiring. There is an attempt at a 51% attack, but currently it's not quote that far yet. There is a PR attack going on though, FUD as they say.
Attempted but 51% hasn't been reached.
It's selfish mining by a malicious pool with a large amount of hashrate (but lower than 51%)
Still should be taken seriously, but they're relatively far from complete control over the chain
"Over the past ~two weeks (โ10,080 blocks at Moneroโs 120-second target):
Total reorged (orphaned) blocks: 118
Total reorg events: 85
Average orphaned blocks per day: ~8.4
Average reorg events per day: ~6.1
Share of total blocks affected: ~1.17%"
https://x.com/JohnnyLaw2021/status/1956126414937448808
View quoted note →
You're right and with you in spirit, but that's more to the point. Anything the state doesn't like get's neutered and co-opted or pushed to the black market (aka the free market and only place you can enforce Bitcoins permissionlessness)
"It is evident that states actually prefer to ban popular things. The following is a short list of commonly-banned popular things:
Drugs
Gambling
Prostitution
Religion
Speech
Assembly
Trade
Migration
Weapons
Labor
Books
Money"

GitHub
Hearn Error
Bitcoin Cross-Platform C++ Development Toolkit. Contribute to libbitcoin/libbitcoin-system development by creating an account on GitHub.
If the money you use can't buy you a shelter for your family what is it even good for?
#Monero / #XMR bros gonna need all the luck they can get since your shitcoin got 51% pwned by #Qubic. ๐๐๐ค
View quoted note โ
No need to engage w/the #Monero bros anymore. ๐โโ๏ธ
#XMR is already dead, they just don't know it yet. ๐๐๐ค
View quoted note โ
A 51% attack from a pool that has 21% of hash, nice try ๐๐๐

I try to educate them.
But they make it just impossible.
So far I have heard privacy and fungibility as main arguments.
Privacy is not required for Money and with real privacy you simply can't buy anything were goverment is involved, house land car insurance etc.
Besides that I think Bitcoin can give you privacy if needed.
Fungibility is a really nice feature.
But if I ask how we can check total supply or prevent a double spend no one has given me any explanation so far.
And then those remarks like "Bitcoin is the first do you really think it can be the best ?"
Yes sell me square wheels because the round wheels where first so can't work properly........
So many times I have promised myself to just not engage.
But they keep posting with the Bitcoin hash so I feel the need to protect others.
And I love to learn new arguments, but they are not comming from Monero fans apparently...
Humans are no better than the monkeys we are apparently genetically from or whatever. They throw literal shit at each other. We throw figurative shit at each other. That's about the only difference.
It can buy you whatever you want but in most places on the planet buying a house is a very regulated process and you inherently need to involve the stateโฆ
Can buy your house with bitcoin it just wonโt be with your non-KYC sats.
Hate to break it to you but will be even more difficult to buy a house in monero
You could hope for a rent if the landlord agrees
You accept the status quo (KYC everything) like a good statist. It tells me that you've already given up which makes you a tool for their agenda.
The moment you started to differentiate between your KYC and no-KYC stack is a pivotal moment for any Bitcoiners. It's a silent retreat from former ambitions, a sign that institutional adoption will bring decay over Bitcoin.
That's nice to hear. My transformation started a decade before BTC even arrived on this planet which made me immediately go all in in 2010, when grasping its significance. Maybe I just spent more time in the field, which makes me now a proponent of privacy tech.
He's still in the process of figuring this out.
If your UTXOs have a low score preventing you from spending bitcoin:
- install a Lightning node
- use tainted UTXOs to open Lightning channels with other nodes
- freely spend tainted bitcoin via Lightning TXs
- close Lightning channels as needed
- repeat
Right?
Again good luck buying your next house with your non-KYC monero
Would be very interested to see how successful you are
As much as I hate the state I kind of like living in current society. Not really ready to burn everything down and live in anarchy.
Prefer we slowly transition to a hard money standard and allow for more and more people to get on the lifeboat that is bitcoin so we can take power away from the evil parasites currently running the joint
They are chronically & terminally retarded. ๐โโ๏ธ
Save your energy for people who aren't. ๐ค
I don't think we should feel 'superior' just since we believe in Bitcoin.
I don't think it is perfect, can't guarantee it will succeed in the future.
And if it was perfect still can't guarantee it will be used by a majority...
Money is both chosen and defined by humans and as such will probably always be at risk of being abused one way or an other, direct or indirectly.
As being a tool, both the will to use it and how to use it is up to the user.
Thus again the users with all possible flaws is the main factor.
I didn't needed #Bitcoin to be aware of human flaws and the fact current reality is not my favorite.
But Bitcoin offers a chance to change things for the better and in a mostly violence free way.
But if you realize how the current society works and is fooled, that same free to use, voluntary to adopt is also a huge burden and risk.
But there is little choice
We evolve in the right direction or not.
Bitcoin will be used as intended and give a new direction to mankind or not.
We are ready for it and enough will do what is needed or not.
Basically we are just an experiment of nature.
Evolution gave us enough brains to pretty much control most of our environment and determine our own future.
It is up to us humanity collectively to do what we want to do with that.
I don't think I have to point out current reality to anyone ?
So please don't judge to hard on others but look at ourselves and ask what we can do better.
Most will probably just like me need enough of their time and energy on improving just that person and work on a better society and less on personal gains.
#Bitcoin / #BTC is, in fact, superior. ๐คทโโ๏ธ
People who realize that are smarter than those who don't. ๐ค
I can't argue with that !
Stay based. ๐ค