Replying to Avatar Hanshan

No kyc is great.

but if you become under targeted surveillance they can find out who you are and your whole transaction history is doxxed.

maybe not a problem for you, but its not optimal for people in unfriendly jurisdictions.

it is also likely to be a attack vector if Bitcoin is successful and actually begins to threaten legacy banking.

which is part of the reason why in the analogy,

BTC is the bicycle. not the car.

it doesn't protect its users.

but if the most important metric to you is NOT privacy, but USD number go up,

of course Bitcoin is superior. it is attracting VC and other Cantillionaires and they are happy to speculate on it.

you say you want "BTC gains" but i gotta ask, what are those gains denominated in?

also

there are plenty of places to spend monero and virtually every business that accepts BOTH btc and xmr does more volume in Monero.
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Hodl Harry 9mo ago

My gains are denominated in BTC.

If I could, I would never exchange BTC for fiat..

I get the whole targeted surveillance thing.

Most of my stack is very heavy KYC 😅

I know I might be fucked, but I know they will never get their hands on my BTC and I'll gladly die knowing at least I did my best in bringing this cancer of a fiat system down..

I might check out a bit more about Monero, but if I'm honest, Idk if I will ever use it.

(I'm always open to use it if it really is necessary to protect my stack or if some seller which I would want to buy something from only accepts Monero)

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Hanshan 9mo ago

if its denominated in BTC

there aren't any gains.

you said if you went all in now you can retire in 8 years.

that's pursuing fiat gains.

monero isn't going to do that for you.

you know that, which is apparently why you prefer bitcoin.

despite the privacy risk.

you get more fiat purchasing power

but at the cost of surveillance and potential confiscation.

everyone decides the tradeoffs that work for them.

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Hodl Harry 9mo ago

I'll rather die doing anything I can to quit my fiat job and feeling like a bitchass slave.

That's why I'm prepared to accept the privacy risks..

And you can say it's not really gains, but if I'm gaining more Bitcoin over time, it's still gains to me.

I'm just tired of fiat and having to do shitty jobs I don't wanna do man.

And like I said: I'm not worried about the confiscation. I made proper arrangements..

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Hanshan 9mo ago

great

then you have a speculative investment to free yourself from wage slavery.

I think you'll probably do pretty well 👍

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Hodl Harry 9mo ago

Everything is speculation man.

I know I'll be fine and I hope you will be too.

At least we both can agree fiat and central banking should be abolished, right?

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Hanshan 9mo ago

more than that I think.

Bitcoin is great too 😂

it's just different trade-offs.