Replying to ede3d957...

Still waiting for your deep dive on Monero. It's still at a point where we can influence things in a positive way.

You might not see it as such. But as a BItcoiner of 2010, some flaws became evident pretty fast.

Monero is where OG Bitcoiner (speculatively including Satoshi) met to create a project based on the learnings of Bitcon's shortcomings.

2014 was the year Bitcoin capture took form via Blockstream that's nothing more than a front fir the Bilderberger banking group (LinkedIn/Microsoft, MasterCard, AXA as direct investors).

2014 was also the year Monero project started and after it's incredible run to $500 within 4 years it had been identified as the much larger threat than captured and limited and KYC'd Bitcoin ever could become.

Fast forward enter half a decade of price suppression by a large number of CEX. Fractional reserving Monero was a thing that spread like wild fire as for CEX it would create bigger profit margins and for states it meant keeping it out of focus. Can't have Monero be a #4 coin by marketcap as in early 2018.

You do that by guiding attention.

Fractional reserving Monero

Pumping memecoins with unbacked USDT

Build up ETF hype

Media blackout on privacy (only bring terrorist association to the front pages)

Pump the intelligence communities projects and create the illusion of competition e.g. Zcash

While at the same time creating extreme friction for normal people

Attack the network nodes

Create poisoned attacks

Attack miner incentives

DDOs attacks on community infrastructure

Prosecute known devs creating an environment of fear

Create fake/scam projects or CEX to steal and selling down

Pull liquidity and create fear of a lock in effect through CEX delistings

For the ecosystem

Silently regulate and kill every legal MoE use

Prosecute for AML

KYC everything

IOU everything (limit self-custody)

Encourage paper coins, like ETF as they are much more easy to manipulate (they know how to do it for fiat)

Make hardware wallet creators "backup/backdoor" keys e.g. Ledger

Now enter the big delistings. Normally a price delisting spells doom and gloom over a niche project. At least that's what one would expect. In Monero's case it meant to x2 the price. Simply because the loss in liquidity was less impactful than the limitation of paper coins circulating.

This is what BTC will find out now. That TradFi can extract money now from BTC keeping even USD stable against it. it took Monero almost 8 years to overcome this trend of price suppression and we are still fighting it.

In my opinion Bitcoin is a project we should give up on. It won't serve us anymore. If anything I encourage Bitcoin maxis to start another privacy focused project with fair emission curve. If it's improving on Monero I'd buy it.

Glad to see at least one person on Nostr gets it (bitcoin is done). Monero, FTW. ;)

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