"As a simple matter of definition, Bitcoin operations cannot be both white market and permissionless"
https://github.com/libbitcoin/libbitcoin-system/wiki/Permissionless-Principle
Discussion
Thanks for the resource!
So is the long term plan for Bitcoin to serve as tool for activism in the hopes that enough people eventually become part of the movement to where it would become political suicide not to allow it in the white market?
It's more a logical observation/description
Some people cater to the idea you are saying. A sort of political trojan horse. I personally think that is a bit naive. Bitcoin will not be allowed unrestrained in white markets. Too powerful for those in power. Over time it will be pushed out or only allowed as a shadow of itself (think ETFs, licensed custodians, and burdensome tax requirements)
Thus Bitcoin/Monero/crypto core use is ultimately for spaces outside and between white markets
Ya, it does seem like the case.
So what's the point of all this if it won't significantly impact the financial system that everyone is forced into?
Didn't say it wouldn't impact the financial system. It surely will. Just not likely from within or only to a lesser degree (jurisdictional arbitrage).
Mainly parallel economies. Before there were no decentralized permissionless digital currencies. Now those who want to have the ability to opt-out in part or fully
Ya, I can see it being useful for those who are willing to take the risk.
It seems to me that that risk will only grow as the fed's stranglehold grows tighter over time.
Whenever it becomes a significantly problem for them, it seems all they have to do is put out some propaganda and squash it down with more surveillance, regulation, and punishment.
I respect those who want to try anyways, but I don't see a path to victory even for those in the black market if they even begin to start some disruption.
It seems the best chance (even if also a low chance) has to be to win people over somehow to provide political resistance.
Maybe proving how well it works in crypto friendly countries can be a part of that.
Just my thoughts.
I'm ignorant of about 99% of all this.
Many Bitcoiners have the same opinion you do. None of us know for sure what will happen. Good thing we have multiple experiments running. I guess we'll see what happens.
Cryptoeconomics is indeed a challenging and enlightening read for a bitcoiner. Many inconvenient truths.
Felt the same way back when I first went thru it. Couldn't argue with the logic presented and changed my view.
Im trying to set up my first mobile monero wallet. The monero website lists two lightweight wallets, mymonero and cake.
Getting mymonero working from source on graphene initially eluded me so i went to try cake.
Then i saw these god awful T&Cs at cake https://changenow.io/terms-of-use
Mind if i ask what are a few well regarded lightweight wallets are? Is mymonero worth the effort to set up or are there reasonable alternatives for a small grapheneos test wallet?
I would avoid MyMonero. Since their servers keep you synced, they can see things wallets shouldn't be able to, so it defeats the whole point of Monero.
Cake Wallet is a solid choice and favorite of many. Open source and non custodial. It also offers a feature, that other wallets currently do not, that removes a big annoyance of Monero - autosyncs when charging
Stack Wallet and Monerujo are other good choices
If you are hardcore, check out Anonero. Security and privacy dials to the max. Can only get it on the spooky web:
http://anonero5wmhraxqsvzq2ncgptq6gq45qoto6fnkfwughfl4gbt44swad.onion/
Thanks Nameless. Ill give those an eye. Im not too hardcore. Mostly looking to test and get familiar.
No prob man, let me know if you have any other questions and hopefully I can help
Best site of the bunch for a pleb to get comfortable https://www.monerujo.io/
Yea, some people don't like that. And admittedly it annoys me too.
But those T&Cs are for the exchange feature since they send you to third party providers (that you can choose) if you use them.
You can just not ever use the built in exchange feature.
You can also turn off the exchange/buy/sell features in the settings so it's just purely a wallet (which I do)
Try Monerujo, stack wallet, or mysu (previously mynero) if you want to dive into using i2p for it, once installed its simple and works. There's also Anonero but that's kind of a DIY hardware wallet sort of solution and it's designed to use 2 devices, definitely not simple. I usually just go with monerujo personally.
Thanks mister. We went with monerujo. Clean little wallet.