Subnostr

If we were all Monero maxis, governments and financial institutions would take a much more hostile stance to it, making widespread adoption slower, and much more difficult for all.

Better to have a public ledger for most things, as it can act as a receipt for most transactions, not every transaction requires absolute privacy, but the ones that do, there are options for that.

ede3d957... 1y ago

I think you don't understand.

Not long ago every transaction was P2P and private.

It's a huge experiment we are currently in to have almost all transactions transparent and therefore ready to be censored, confiscated, extorted.

Bitcoin may fail as a store of value when taxation gets burdensome. You simply don't want government to know a single thing about your wealth not to speak of all the leaks KYC BTC are already enabling. The moment they know something about your wealth the moment they will start to plot against you to steal it from you.

Government is not based on mutual respect. It's based on coercion in every dimension.

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Discussion

Bauzen 1y ago

If your money is completely anonymous, how could/would a real estate transaction occur?

How does one prove they purchased the property?

ede3d957... 1y ago

You know you can proof a transaction happened and we have view keys if external auditing should be necessary.

Bauzen 1y ago

I don’t know, tbh.

Just a Bitcoiner learning 🫶🏽