UBI would only really work with a fiat CBDC. You have to know who is getting the capital, and there has to be mechanisms in place to make sure that they do. There's actually a better way.

Universal Basic Assets, basically a dividend on civilization itself. Can be done with the current miner systems, or with Lightning Network yield. It requires everyone to have an understanding of how basic financing works, with income, assets, expenses and debt. Instead of just an income stream that helps cover some or most expenses, force people to be responsible by giving them assets that generate that income stream, and the goal is to build their collection of assets so that the income pays the expenses for the life they want to live.

The only way to reform the state at a global scale is by hitting the reset button. Every single nation state government is corrupt, to the extreme. Whether you consider yourself to be far left or far right, authoritarian or democratic, collectivist or individualist, the existing government institutions are failing us all, and there is nothing that can be done from the inside of those systems to fix them. They must all be destroyed and replaced.

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Actually it works with bitcoin also, and they are paving the road as i see.

What are you seeing that tells you that?

If they applied that to fiat, nobody would be able to touch a penny.

But as we dont live in if's, we need to look what the reality is

True enough. I've seen conflicting messages on whether LN transactions are capable of being tracked like that. If they can be, then it's probably something that will be attempted. All that would do is build an underground market, and I don't think it would last forever.

LN is trackable at state level as is bro, its not trackble if you are not at that level. Read how here πŸ‘‡

https://muoitran.com/publications/revelio.pdf

But as we see, they will build a different system of custodial/non-custodial wallets that comply with KYC/AML, who dont comply will not be able to inter operate with their system.

This will happen like this. You go to a store to shop something or online, you do the transaction if your funds fail BIS they are blocked and than send to the Bitcoin reserve fund that you all asked for.

This is the way that states figure it out how to steal your bitcoin to put on reserves bro!

Dont you catch it?

nostr:npub1yxp7j36cfqws7yj0hkfu2mx25308u4zua6ud22zglxp98ayhh96s8c399s are you familiar with this paper? Any thoughts?

He is a clown

Who are you? Are you a developer?

Just a curious regulary dude that doesnt trust and verify

I have not seen it yet, thank you for the link. I will try to remember to give it a look later.

BTW I do not claim lightning is untraceable; only that if both systems are used well, lightning is harder to trace than monero.

nostr:npub1sy70twa0vadtk8hjs6wt2hmfszduj04tw78ccs3ktmr9u99mfmqsj62srx "BTW I do not claim ligthning is untraceable"

It is very easy for monero people to hear me say lightning has better privacy than monero and infer I must think it is untraceable. But that does not follow. Lightning is traceable too, it's just harder to do

Monero was never traced

Chainalysis traced this monero transaction: e4f525b214ef7310b53dd2e81be42801c7ee1a7c259ac0a093d813b493a788a8

The sender was: 98c88d7d6cee177fdd675763a51c451f36a3de026607fa5d7d1ed1eded0f5a1d

The recipient was: 2e9598dc6d1af0907297b395e71ff4cc7f38818893ccc90f7ff40fbec6820699

They also identify the change-recipient: 838bdcee6c15000a259f9f58172794a1a1bd132750f29aee1ed33bd7de94c85b

Then they follow the change to this tx: a5202cb022921d624d0e9a40a9d7e0cdc4d9cfeb0be11501414fe5a9c0cdd2a8

They got the sender's ip address from the fact that (1) when spending the change output created by the above tx (a520…d2a8), the target forgot to use a VPN (2) his wallet broadcasted the resulting transaction via a chainalysis spy node.

Having obtained the target’s ip address, Chainalysis sent it to police in Columbia, who arrested the target, allegedly a drug dealer. You can view the trace from 34:55---36:51 of this video: https://v.nostr.build/D4Nzp22vRF35IRnz.mp4

In an environment they created with wallets that they know runninh on corrupted nodes.

Real world scenario is 0!

All that takes privacy seriously run their own node through tor or i2p.

Good luck trying to trace my Monero in real world

They didn't create that environment, they were hired to trace a Columbian drug dealer's monero as part of a criminal investigation. It was a real world case.

I was thinking you were talking about the one as i explained.

But here it wasnt monero that failed dude and you know this.

His monero got traced, that's a failure

The trace was due to no fault of the target's

It was monero's fault he got traced

He forgot to use even VPN and is moneros fault that he was traced πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚

That was the transaction *afterwards*

The one I highlighted, he *did* use a VPN and *still* got traced

What should he have done differently?

You are disonest and you know it

It’s too bad about monero failing, but no need to take out inadequacies on a superior form of money like bitcoin. Just get back up, dust yourself off and take the L like an adult.

Monero is not failing dude.

Bitcoin was the one that failed in be sovereign!

You'll have to do better than accusations, friend

You can see in the video where chainalysis looks up the ip address for the above-highlighted transaction. It is at timestamp 35:37---35:55 and they clearly show it belongs to a vpn

If I was dishonest about this, my dishonesty would show up quite clearly in the video. Just point to a part where I say X and the reality is not X.

Use tor + own node

It's our task to build secure environments for anybody. This might mean that wallets care not nearly enough. WalletOS that does one job might be necessary for most people that are no opsec pros.

That is the same to say the dude sell drugs to the undercovered cop and get caught.

Monero did his job, the dude was the one that failed

β€œBut as we dont live in if's, we need to look what the reality is”

Posts a paper full of ifs.

β€œMonero was never traced”

Video posted of tracing monero.

The ones posting if are you and you know it, actually everyone see what you guys are trying to do

I don't exactly think compliant businesses would bother to cross-check your payment against a list of "dirty" coins/origins. instead I would guess that they would take lightning payments through a compliant LSP who is extremely picky about their channel partners. you wouldn't be able to pay for the merchandise in the first place, unless you sent it directly from another compliant LSP. it would operate like a whitelist.

They will use both ways probably

I'm honestly astonished that bitcoin maxis haven't figured out the implications of lightning nodes obviously falling into the category of money transmitter. it's not like we were warning them about that for the past 8 years. businesses have never been allowed to receive payments from non-compliant money transmitters.

bitcoin maxis are champions of the cope. they confused wishful thinking with game theory sometime in 2012-2013 and it only got worse ever since.

we call it the smtpification of lightning.

I do see what you are saying. And if that's the way things go, then we'll be in a dystopian nightmare, and I would expect the civilization to crash and burn and humanity to go extinct. If that's how you feel about the future, that's on you.

I choose to believe that we will figure out how to survive and thrive. What you are describing is already part of the world we live in, it's called the 4th Amendment. We have the right to be secure in our papers and effects against unreasonable searches and seizures, and this shall not be violated and no Warrants shall issue but upon probable cause supported by Oath or affirmation, and particularly describing the place to be searched and the persons or things to be seized. This applies to day, to all financial transactions and records of communications. If legal authority believes that a crime has been committed, they can search and bring what they find to a court of law. If we don't believe in that anymore, then we have given up on nation states and we should prepare for hell on Earth. I'm not ready to go there.

Man, im putting on the table facts of what will be! Is not a matter of pessimism or optimism, is the roadmap of the reality rigth in front of your eyes. You and all close them like you did when snowden dumped the files..

I already jump out and my choices of life make me be confortable to know when the time comes im prepared to figth.

Your constitution is good but as i see americans in general dont have ball to use it.

Your gov is doing shit for years, is not sovereign, has another country as priority and you have done nothing about it, they use and abuse of the power they have again and again

The USA ceased to exist as a constitutionally limited democratic republic in November of 1963. That was when we switched over to being an Empire. The voters no longer have control of our government. And most of us are in denial about that fact.

Hold up.

Your lasts reply cited the 4th amendment as if it offered any real protection.

Then your next note points out how the constitutionally limited democratic republic ceased to exist 50+ years ago???

So i guess those 4th amendment protections mean absolutely nothing...