Nostr Web Client

I’ll send this to my friend who keeps hammering about monero and piratecoin lmao

🥩ℝ𝕖𝕟𝕖𝕘𝕒𝕕𝕖 ₿𝕦𝕥𝕔𝕙𝕖𝕣⚡ 2y ago

I like piratechain in theory but last time I took $10 worth jn payment it took 6 months of app crashes and frustration to finally sync and sell it off for $3 jn BTC which took 8-10hrs to confirm.

What a waste of energy and time.

Wow! that’s terrible

Also, 51% attack against the pirate chain network is only 45$/hour 😬

nostr:note13t7rz7ah50n0z5ln5v4nlqgzup2sswnm6t25utaks0l69t66fl4sequ28e

Is piratecoin a real thing? 😂😂😂

Yes. You can even do a 51% attack on the network for a whopping 45$/hour 😬🤣🤣🤣

A quick look into it, and it appears that to attack Pirate you need to attack KMD and LTC at the same time.

"As an added security against 51% double-spend attacks, Pirate Chain utilizes Delayed Proof of Work, which indexes Pirate Chain's Proof of Work blockchain onto Komodo’s and Litecoin’s blockchain. In doing so, any attempts to attack Pirate Chain's blockchain will first need to overcome both these blockchains. The average transaction time for Pirate Chain is 1 minute. The current anonymity set is 3,898,975."

I wonder what’s the cost of a 51% attack on both of those

Interesting, nonetheless.

I don’t know much about coins other than bitcoin. Seems counter intuitive to me that a decentralized blockchain depends on another decentralized one

Better than relying on a centralized POS like Ethereum perhaps.

I guess. Makes it risky as a store of value if I have different attack vectors on other chains. I wouldn’t be able to sleep soundly with money in something like that

🥩ℝ𝕖𝕟𝕖𝕘𝕒𝕕𝕖 ₿𝕦𝕥𝕔𝕙𝕖𝕣⚡ 2y ago

Pretty much agree. I love privacy , but like anything else it's not free. It takes effort. But a shitcoin isn't the answer. But in regard to privacy coins...all money is is a system of accounting. If nobody is accountable it means little. It's not even a libertarian VS not thing, if you owe someone then making it publicly known you transfered wealth protects you both. Transparency has benefits too.

Average people should get easily accessible privacy for small amounts, but if rich people move money, the everyone should know, and their privacy should be harder to attain? Is that the short version?

Rich is relative, but yes.

Just to clarify. I'm not talking about the guy down the street with a hundred thousand dollar car and a three million dollar home.

I'm talking about the guys who have been pulling the strings on congress for decades.

Different ballgame.

But that guy might be pulling strings in local governments, no?

Very possible. My thinking is to deal with the big corruption first and work down from there.

Until the military industrial complex takes knee I only have one focus.

I've been thinking about this. I don't necessarily think capital influence in local government is a bad thing. Seems to be the natural order in many ways.

What worries me is global capital influencing the NSA, CIA, FBI, IRS, Army, Marines, Navy, Airforce. It's a different order of magnitude.

Microcosm

Have you read Hans Hermann Hoppe?

Haven't read much on his thoughts, but I remember a podcast I listened to that was discussion on returning to monarchy's over democracy.... Because kings are less likely to do things to hurt their people because they'll be killed (horrible summary).

This? Or something else?

This is a little long lol...

I'm still working on understanding his arguments and I'm not sure that I agree with all of them, but his primary thesis seems to be that decentralized governance is better than large conglomerate states.

Of the three government structures he assesses (monarchy, democracy, and theoretical natural law) he says that democracy has the highest tendency towards corruption and societal collapse. Natural law would be his preference, but that system has not been created yet. So he tends to advocate for monarchy.

His thesis fits perfectly with The Soverign Individual thesis and with the Bitcoin ethos. However, I am cautious to advocate for splitting any country up because it will become more vulnerable to countries which remain together.

Ultimately I think the biggest issue we have is that the state is completely unaccountable to the people because they have access to the money printer. By extension the military and intelligence sector is beholden to the banks rather than the electorate. Hoppe would say this is unavoidable in a democracy.

I do see a need for governance, where as many of the privacy coin supporters seem to think there should be zero state.. I seldom hear any intelligent arguments from them.

I'm not a strong enough political thinker to come up with a solution, but that's the problem as I understand it.

Tudo bem mas isso não vai impedir de bill gates usar monero 😎👍

Yes, which is why I own zero monero.

ShiShi21m 2y ago

Of course it will, there's not enough liquidity.

If we all use it the liquidity pool goes up, and then bill gates gets to use it.

O dinheiro de papel tem o nome de seus donos anteriores?

Straw man argument. Neither of us prefer fiat currency.

Imagina a sujeira na rede de registrar 500 movimentações porque eu quero manyer anonimo.

Monero existe para dar a privacidade sem ter que sujar o bitcoin, é outra forma de manter seu dinheiro, apenas lide com isso.

Hfsp 🤙

ShiShi21m 2y ago

This is a fantastically dumb way to look at Bitcoin.

Recieve addresses can be generated ad infinitum, and none Include the names of the previous private key holders.

Repeating monero bros low IQ takes is just bleh.

Imagina se soubessemos quanto dinheiro voce tem e o que comprou. Nada demais se comprar hamburguers.

Parece que voce está comparando anonimato a crime, isso não é que o estado fiat faz? 😁

Saberhagen The Nameless 2y ago

I don't want to live in a panopticon, sorry bro.

You can't decide who uses permissionless systems whether it is Monero or Bitcoin. Otherwise it wouldn't be permissionless.

Even in a world with Bitcoin you are dreaming if you think governments or anyone shady is going to play fair and choose to transact and be accountable on it. Not happening. Bill Gates, Jeffrey Epstein, and any 3 letter agencies already accomplished their dirty deeds well before Monero existed.

Monero gives the average joe the power to keep his finances under his control and hidden from governments or bad actors. We saw what happens when governments can see political opponents bitcoin transactions during the trucker protests in Canada. They can just send men with guns to go knock on your door.

Governments will use transparency against plebs. Privacy and anoymity are the only protection you have against a stronger adversary.

May the best coin win

Saberhagen The Nameless 2y ago

Or they might end up coexisting within their own niches. We'll see.