Mises is getting closer to getting Bitcoin. Bullish.
https://mises.org/mises-wire/privacy-and-fungibility-forgotten-virtues-sound-money
Discussion
They’re not. They’re goldbugs stuck in their ideology instead of acknowledging TPOASIWID
Tell me you didn't read the article…
I didn’t. Do I need to?
nostr:note1gxmtapl8m5rjyr9ev3y3wu2zntftkn2rhcwgk9m26ffuhk6ezmyq98xm0m
Generally speaking, to comment on something requires knowledge of the thing. I didn't say each of them gets it, but this article is a promising signal.
Does it support or contradict the trend I posted about with my efforts to drag them into our Overton window with no support from anyone else?
I’ll decide where I spend my time based on that.
If I have to do shit alone whilst podcaster bros rake in money from having the same guest as 6 other pods whilst doing literally nothing to address real issues - that’s not for me and I’ll leave them to their grifting
👌🏼
I did. They’re FUDing Bitcoin and shilling Monero. The conclusion…
“Transparent blockchains, by their very nature, are incompatible with sound money. Fungibility is fragile and cannot survive without privacy. Digital assets that aren’t private by default become tools of control, putting our freedoms at risk. In a world where traceable digital payments are becoming the norm, private digital cash stands as a vital bulwark against the state.”
Also “However, as of now, Monero has assumed the role that Bitcoin once hinted at in its earliest days: private, peer-to-peer electronic cash. Forked from Bytecoin in 2014 and based on the CryptoNote codebase, Monero was built on a foundation of privacy. Its protocol combines stealth addresses to conceal recipients, RingCT to hide amounts, and Ring Signatures to obfuscate senders. As a result, 1 XMR = 1 XMR.”
It’s clearly written by a newb, no mention of LN or how XMR actually can be traced. Also nothing about XMR’s unlimited supply, hard vs dark money, liquidity affecting privacy, inability to scale via L2’s, centralization of L1, and the tradeoff between base layer privacy and inability to quickly address overflow bugs.
It’s typical Sunk Cost fallacy cope, which is rampant among MisesU types.
Thankyou.
Glad I didn’t subject myself to this.
You compensating people for their time reading garbage nostr:npub1clk6vc9xhjp8q5cws262wuf2eh4zuvwupft03hy4ttqqnm7e0jrq3upup9?
You see why after I dragged them here on my own, I’m not interested in such horseshit?
You seem awfully angry, friend. I'm choosing a charitable interpretation of the article because it shows more recognition than I've seen from Mises previously.
If you'd rather rage against rhe machine, such is your perogative.
"Reading is just one way to engage with ideas. Sometimes a good conversation can spark more insight! 😊✨"
Complaining about Bitcoin fungibility without mentioning coinjoin or lightning is so 2016...