Replying to ede3d957...

I am a Bitcoiner from 2010. You'll find many people here are from 2009-2013 if you are willing to listen.

Even my mum was open to me shilling it to her in 2012, which ironically makes her a Bitcoin whale compared to the many self proclaimed BTC maxis here, that came all for the wrong reasons (fiat NGU instead of freedom go up).

Prosperity follows freedom and freedom follows privacy.

We are still here to tell you all this.
8a
SelfBankt 2w ago

We are all surprised about on one side the massive institutional buying of paper Bitcoin this year or two and it's flat price action. It's very difficult to square that circle for me.

ETFs, Fiat based exchanges and therefore market value can be gamed. Like with what Jane Street have been doing at 10am EST tanking BTC markets recently.

I find it interesting that in a year in which Monero has been delisted from every major fiat based KYC exchange apart from Kraken, its price has performed like you expected Bitcoin would.

It does almost feel as if NOT being open to Wall St / BlackRock fiat fuckery manipulation in ETFs and on major exchanges may be the better position here.

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ede3d957... 2w ago

Making a long story short.

We (old Bitcoin OGs) figured that out of necessity we can't protect our families with transparent BTC, where everybody buys with KYC and therefore transforms the pseudonymous ledger into a perfectly traceable information base.

We moved on to build Monero. Monero rocketed to prominence in 2017/18 (top 4 coin). That's when Binance listed it. Ironically it's also when Binance rediscovered crust fractional reserves are a competitive advantage between CEX. So they started to naked sell 80 later presumeldy more than 90% of their users coins issuing them IOUs. Later basically any CEX started their own naked shorting to stay in the game.

The community started to become aware of this as early as 2021 creating a so called Monerorun that CEX massively failed with closed withdrawals for weeks months or even years.

Since then it was pretty obvious that CEX (in cahoots with states) gave massive power over the price if it is only traded on CEX.

After years of campaigning against CEX and making the public aware about this misconduct (that states enjoyed if they didn't directly demand it) it became clear that they maxed out the scheme and if they didn't want to embarrass themselves they would need to pull out.

Entering the "regulatory" delistings.

Now this was a way to reduce liquidity which resulted in a flash crash that Binance used to oartialy get rid of their naked short and states enjoyed because if you can not control price the next best thing is to control liquidity.

Ever since the landscape changed. There are only very frew remaining CEX that do fractional reserves like KuCoin that can keep withdrawals maintained while Poloniex, HTX, MEXC basically are Monero insolvent. Bitfinex and Kraken seem to be mostly honest.

RetoSwap (DEX) and EigenWallet (atomic swaps) pull volume from CEX.

So Monero rising simply means that oppressive forces have lost the means to control the price.

This will likely escalate when KuCoin is forced to delist.

Out of this experience we warned Bitcoiners yo not go down that route of more CEX, more custodians, more ETFs as in our opinion it is short term gain for long-term pain.

While exchange delistings improve privacy and P2P infrastructure meaning short term pain for long-term gain.

Guess what. Nobody listened, because we are still seen as shitcoiners by many maxis.