Replies (42)
Or you have privacy by default, or you don't have privacy at all.
Nuff fucking said and fuck you CZ
How many times do they have to wash the coins through unshielded self-sends before Binance doesn't care?
I hope the Monero haters are smart enough to see right through this, when thinking about hedging their BTC bets with PrIVaCYcOiNS.
"They" pumped Zcash from $25 to $650 in a couple of months just to proof that they can AND to distract from Monero.
Monero has almost x100 more private transactions than Zcash. It's delisted from all big CEX.
People will buy fully transparent ZEC withba 20% dev tax now that they see the pump. People will use it as if it's a privacycoin. People will get killed, people will be abused and stolen from.
Still I say: Let them drive more awareness to the privacy space. It's a desperate move anyways.
FLASH
⚡️🤡 FYI - Binance just made it clear: If your Zcash (ZEC) has ever touched the shielded pool it’s no longer welcome.
They’ll only accept coins that stayed fully transparent, where every transaction and sender can be traced by their KYC/AML systems.
In other words: Privacy coins are fine as long as they’re not private.
Translation: Binance isn’t rejecting your ZEC. They’re rejecting your right to financial privacy…
At some point people are going to have to agree that once you have crypto it is never going to be put back into fiat. With CBDC's that day is coming anyway but the more obstacles they put up now, the more ingrained the alternative system will become before that evil day!
Surely they can only enforce the last transaction.
Yeah, they've shown their cards too many times on this one. The Controllers don't really like non-KYC'ed coins.
Binance used to be a headache for the governments. Nowadays, they are working for them.
You can track the origin of every t address.
If it ever went through a z address you decline it.
That's why optional privacy doesn't give you fungibility.
In Monero every tx is equal. You onlybcan discrimante against the whole.
In other words:
Binance delisted ZEC as a privacycoin. The very thing the narrative tells us it pumps for.
Market doesn't give a shit.
FLASH
⚡️🤡 FYI - Binance just made it clear: If your Zcash (ZEC) has ever touched the shielded pool it’s no longer welcome.
They’ll only accept coins that stayed fully transparent, where every transaction and sender can be traced by their KYC/AML systems.
In other words: Privacy coins are fine as long as they’re not private.
Translation: Binance isn’t rejecting your ZEC. They’re rejecting your right to financial privacy…
Then any user would need to scan that prior to receiving coins because they wouldn't be able to exchange them if the last person or someone many hands ago shielded.
Not surprising.
Pardons == Favors.
View quoted note →Cz doesn’t want to see his white hairy ass back again I prison. So he sucks…
everything and everyone he can get.
Isn't this likely to happen with BTC?
The Chinese government takes Jack Ma to get his company in line and world thinks they are horrible. The states do something very similar to CZ and it is ok.
Very important question
Avoid exchanges, specially the larger ones.
View quoted note →They're already beginning by banning so called "high AML risk coins" and coin-joined coins. If you have a non KYC stack you'll also have to explain your cost bases when you try to sell on a CEX. It's easy to see that in a few years only fully 100% confidence KYCd coins will be permitted.
🔔
Not even a red flag, it's the whole orchestra with a parade of flags 😂😂😂 stay traced
This has been the position of every compliant exchange, forever. Regulators insist on this.
Cry hardeer Crynance!
So BTC becomes a CBDC
Is that why it's pumping? As in difficult to sell
This is probably coming for Liquid BTC next. Don't use the CEXes guys.
They are not rejecting your ZEC, they are confiscating it.
That’s where #satoshi was a genius. That said we should never accept the loss of privacy as it leads to the loss of #freedom inevitably. We should all have shitcoins zcash or monero… even if we don’t believe in those but just to maintain confidentiality privacy alive.
So satoshi was a genius because he allegedly bent the knee to a global coordinated attack on financial privacy?
And the tools that allow us to have that financial privacy, you call shitcoins?
Enough nostr for today I guess.
No, because no central bank (the CB in CBDC) issues it.
Thanks for your reply though. Satoshi used pseudonyms instead of total privacy as he probably guessed that privacy coins would be attacked. I call genius those who see before the others. Shitcoins lower the urgent need of #Bitcoin adoption so does the btc treasury cnies, etf and co... There are tools built by developers if you want #Bitcoin privacy…
How long till Coinbase does same thing.
What is the difference between issuing and controlling access to?
⚡️🤡 FYI - Binance just made it clear: If your Zcash (ZEC) has ever touched the shielded pool it’s no longer welcome.
They’ll only accept coins that stayed fully transparent, where every transaction and sender can be traced by their KYC/AML systems.
In other words: Privacy coins are fine as long as they’re not private.
Translation: Binance isn’t rejecting your ZEC. They’re rejecting your right to financial privacy…
That's exactly what I would do. But I am not in the business of cashing out. I am creating the circular economy for Monero.
Bitcoin has severe privacy issues that are unlikely to go away.
This as well as arrogance and willful blindness, to say nothing of greed, has predictably led us down a path where transparency (which facilitates control because it makes surveillance trivial and cheap) is now demanded, because the powers that be have grown too accustomed to all the control the transparency affords them (in the form of power over others).
This and much more people like me have been screaming from the rooftops for decades.
None of that makes Bitcoin a CBDC. It was not issued by a central bank, hence it cannot be CENTRAL BANK DIGITAL CURRENCY.
This irresponsible incorrect usage of language (things like "veggies are shitcoins" .. veggies are not coins, therefore they cannot be shitcoins) is not helping with anything.
CBDCs are just as bad as 99.999% of "cryptos" out there including Bitcoin in that they do not protect the user's privacy.
But CBDCs are worse than Bitcoin in many other ways too, and therefore placing them on the same bag as Bitcoin arbitrarily is logically unsound when stripped of context.
Context matters. Language matters.
I just stopped using them now that im only going to buy btc. All the platforms really were very glitchy and overly complicated
Privacy is now a commodity
View quoted note →That’s just using words to try to argue against a reality that is what you’re saying can’t happen. If US regulators can control access, preference, stamp coins, coerce miners and exchanges it is a cbdc in all but name. And if they go really far, they can effectively issue more coins through a hard fork or potential control of pools/ hash power. The onus would be on the forked/ outhashed minority to establish their version of bitcoin as the real one, when the exchanges, miners, pools, treasuries and regulators are all against them. This wouldn’t be an easy fight and you could argue it would be an unwinnable one.
What does it mean to stamp a bitcoin?
Fair point, it can’t. But it can make any movement of sats reportable, and require all held bitcoin to be kyc’d, and impose criminal penalties for non compliance, as it has done. Bitcoin can exist but can’t be used legally. See China for example.
