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The Best “alt-coin” analogy I’ve seen yet is Esperanto.

https://en.wikipedia.org/wiki/Esperanto

—Esperanto was an international language invented at the turn of the century to cut down on the labor of learning foreign tongues.

The First mover advantage isn’t more evident than it is here.

No one gives a shit when they have something that works well enough.

Maybe one of these alt coins is “better” than Bitcoin. It doesn’t matter. We have Bitcoin and it works.

Layer 2 can (and will) solve BTC privacy concerns.

⚡️⚡️Reposts that reply will get 3 digit zaps⚡️⚡️

🧡👊🏻🍻

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William ₿ Travis 10mo ago

XMR people are inherently pessimistic. they assume the KYC regime will continue. they are like goldbugs where their solution is only needed if govt power grows or the power goes off.

Meanwhile, Bitcoin is a positive force and reduces govt power by making transactions uncensorable. And as fiat fails, govts have fewer resources to enforce control. There is where KYC dies.

If the XMR folks want to fight with privacy coin more power to them, but they will be nowhere when fiat/KYC dies and their coin has no use case.

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Discussion

Meyer 10mo ago

Even if monero survives and it is useful for “private” transactions I still don’t understand why anyone would hold it over bitcoin.

If anything I would swap from bitcoin into monero to make my “private” transaction and move on…

I am completely aligned with you about the privacy advocates anyway. Far more important to be permisionless. If you run a node and hold your own bitcoin you should be fine

F*ck the governments. They already have all of our info and know what we are doing. Do the bare minimum to comply until they lose their power

William ₿ Travis 10mo ago

It is clear they have the ability to see anything they want to see. I wonder how locked down their opsec really is and how sure they are their computers have never been remotely accessed. it's all a guessing game when the govt has been investing billions into cracking us open.

Currency of Distrust 10mo ago

Very well said. I have a gold bug friend that is certain that “US intel agencies will shut down bitcoin” and I always ask him what they’re waiting for. No real answer.

William ₿ Travis 10mo ago

most of the people I know simple can't conceive of the dollar dying. They also have no answer to the question: what happens to the dollar (FRN) when the Fed is shut down?

twofish 10mo ago

There is a Privacy vs Parrhesia tradeoff. Nothing is perfect. A tool is a tool.

William ₿ Travis 10mo ago

for sure. any transaction is an expression of wants (public speech).

I am arguing that the govt can collecting data is irrelevant to the question of whether they are resourced to do anything about it.

as fiat dies they are defunded to the point where it could become too expensive to even hold the data.

twofish 10mo ago

It's a scaling issue on both sides between Privacy and Parrhesia. There will always be a tradeoff. Nobody wants to walk around naked.

rafael_xmr 10mo ago

P2P markets have no kyc requirements. You don't need KYC to buy a nostr:npub1y69efz664d96krj5xrhync707ythdncc8hunkvs4n7t8pm25zj2snkwae6 or a nostr:npub1vr2nva0s0hhfulthjy8053rg9kruk5erzwaxdw85gjwkfytj994sgudzvx or a nostr:npub1l49ccxu5kvpccapwq269yjnc9jj5tteunfgkhl774hn2v0sdzq0sqa62g8 and so on so why is XMR at the top again?

Hanshan 10mo ago

It isn't pessimism

your thesis is literally

"the bankers and assholes who run the world will willfully surrender the power to PRINT MONEY."

"because Bitcoin.

as if theyre just going to go away and capitulate their power 🙄

while everyone is hodling on Coinbase and interacting on a transparent ledger.

"durr there wasn't anything we could do, its dEcENtRaLIzEd"

William ₿ Travis 10mo ago

the bankers are going to flee to bitcoin when the Fed system ends. it isn’t about surrenduring the power to print. there will be zero confidence in what they print and they will die.

Hanshan 10mo ago

source?

trust me bro

William ₿ Travis 10mo ago

"sAuSE."

The money always dies when it is debased. It's history, bro.

Hanshan 10mo ago

"i read the bitcoin standard once and am a very smart and serious person"

William ₿ Travis 10mo ago

lol.

Hanshan 10mo ago

further info

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William ₿ Travis 10mo ago

hang in there.

Hanshan 10mo ago

assuming its inevitable is how we lose

William ₿ Travis 10mo ago

assuming all is a dark hole is a path to mental illness.

Hanshan 10mo ago

oh please

the whole reason this exists in the first place is because people were prepared for adversarial scenarios

yall are just larping as revolutionaries without actually considering the hard questions

William ₿ Travis 10mo ago

I don't imagine myself as a revolutionary. and I've considered much harder questions than what the govt can do to me.

There is no end to human upheaval. A little privacy token doesn't solve what lurks in the hearts of men, doesn't even help it.

The best we can hope for is a little respite from the insanity and to help those close to us who will struggle from the burdens of the debt system and human depravity. That's why I buy bitcoin.

I am not concerned with the fascist overlords. The always eat each other.

Meanwhile, uncensorable leads privacy.

Rolf the Walker 10mo ago

The great COHENCIDENCE and similarity between Esperanto and shit-coins is that the biggest scam shit coins and Esperanto were BOTH created by JEWS

Celsius - Mossad Operation, 2 co-founders fled to Israel and are free

FTX - Sam Bankman Fried