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Not sure if these Monero shitcoiners are contributing positively by regarding anonymity as the primary purpose of digital cash instead of soundness. Bitcoin is an open revolution. We're doing this openly and paying taxes for it. Not secretly, in a sneaky way, and by breaking laws.

Bc when they eventually get caught, and many will, they will be branded as criminal crypto users. How does that help Bitcoiners, who still get lumped into the same category? You can shout "Bitcoin is not Crypto" all you want. Nobody understands that. And it's not 100% true either.

That forces "them" to fight Bitcoin openly. And banning it gets harder every year, now that institutions are involved, without breaking the principle of equality before the law. Because if that is broken, it's the end of the much-vaunted rule of law.

Fundamental societal changes must take place openly. Smoothly, without breaking the existing system. Even if it means filing tax returns and paying the hated taxes. That's the struggle.

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Discussion

Saberhagen The Nameless 1y ago

Lol. Bitcoins ONLY value prop is black market. Permissionless transactions, dodging taxes (includes seigniorage), and avoiding financial surveillance (in theory). Regulators can impose any arbitrary restriction on white market Bitcoin up to, and including, banning transactions from there. If you're not doing any of this then there is literally no reason to use Bitcoin. Fiat is much better if you're going to follow the rules anyway.

https://github.com/libbitcoin/libbitcoin-system/wiki/Permissionless-Principle

You need a reminder on Bitcoins cypherpunk origins of digital cash:

note12acrktner7qftvhwnrnsgket3cgywk8dkrkmyfaq6rrlts2vfh5s33l9gh

ede3d957... 1y ago

Highly unlikely he's a cypherpunk.

alp 1y ago

Right, Cyperpunk is not my religion. I don't hold its values above all else. Go, worship a man-made manifesto.

Saberhagen The Nameless 1y ago

Bitcoin was man-made. You're free to use a hammer for whatever and however you want, but no one would contest that a hammer was designed by it's creators for a specific purpose that it excels in versus other tools. So when you're telling us that an important property of a hammer doesn't matter at all, despite all evidence to the contrary, you're just wrong.

ede3d957... 1y ago

You are ticking to of the three most prominent checkboxes of being an undercover Fed.

1. defending theft by coercive governments

2. hating on human right for privacy/Monero

alp 1y ago

You can't understand written words, can you. Mostly comes from too much hate or ideological bias.

Islamic Audiobooks Central 1y ago

Are all bitcoins truly fungible? If they aren't (which seems to be the case nowadays), what are your thoughts about how that may affect its soundness?

Also, hypothetically speaking, what would you rather use to support the Resistance if they're eligible for #zakaah under the 7th category - Bitcoin, fiat cash or Monero?

#zakat #zakaah #sadaqah

#فلسطين #غزة #القدس #القسام #كتائب_القسام

alp 1y ago

Are you talking about ETFs? If so, I was always asking myself the same question. There's an interesting article from Jameson Lopp which addresses this issue of the effect of IOUs on Bitcoin's soundness: https://blog.casa.io/securing-bitcoins-scarcity/

As for zakat, sadaqah etc. We're generally tought to give from what we love most. And for me it's Bitcoin that I attribute the greatest value to. So ... 🤷‍♂️

Islamic Audiobooks Central 1y ago

I meant everything that can taint coins due to traceability...

For the second question, I meant how would someone protect themselves from unjust arrest, imprisonment and legal action if they happen to send money to some individual or group a government does not like... the Palestinian resistance being one relevant example as they are labelled as terrorists by certain regimes.

Bitcoin appears to be great unless you spend it on something the government is not okay with. It appears to worse than fiat cash and even worse than bank transfer for such use cases.