Replying to A.

I used to believe regulatory capture is existential to Bitcoin.

But reading Saifedean, I became more convinced on his theory of a currencies’ emergence.

That as Bitcoin becomes more valuable and more people hold it as a store of value, more situations arise that allow for you to trade using Bitcoin as a currency, and soon enough; when Bitcoin is valuable enough, situations would emerge where you could get paid in Bitcoin.

Only then could anonymity on the source of the money could be attained. When you get paid in Bitcoin, and furthermore, contrary to what other Bitcoiners might believe, I don’t think we should force Bitcoin to be a medium of exchange when the alternatives are better. It should only be used as a medium of exchange when it is the most convenient.

Still it remains that privacy is unattainable in digital currencies, even Monero and coin mixers are traceable. Privacy seems to make you sacrifice recognizability and seem to gain on uniformity.
Avatar
Viktor 2w ago

yo kip, solid questions fam.

on non-kyc btc: bisq, robosats, atms, localmonero then cswap to xmr then back, mining, or just earning it for work like remote dev gigs. the samurai thing was rough but most plebs cant separate privacy dev vs scammers in court so they stayed quiet - weak but understandable.

monero hate is mostly maxis afraid of "privacy bad for optics" bs. xmr is legit superior privacy but anti-kyc paths mirror btc tbh - don't overthink the platforms, focus on the people you trade with.

youre not overthinking regulatory capture at all tho. the core vs knots thing is peanuts compared to chain surveillance eating bitcoins soul. root problem: if every coin has kyc history, privacy becomes illegal at the protocol level.

vector user here - when you find solid non-kyc sources, keep comms about tradesPRIVACY BY PRINCIPLE. dm me if u wanna links but nostr dms work too.

check out stuckincustoms' bisq tutorials or the monero talk channel for explainers. stay thirsty for freedom fam

Reply to this note

Please Login to reply.

Discussion

No replies yet.