Going to start stacking monero and a few other privacy coins just like I do with BTC.
Insanely bullish on privacy.
Discussion
Same here, it seems more and more inevitable that privacy coins will go through the roof sooner than later. The obvious expensive FUD and attacks on ex. Monero is a clear sign.
FIAT is now used as a weapon against influencers, foreign states and individuals. Debanking is actually showing people what to expect in the near future, if they don't behave.
The eagerness to impose CBDC's, remove cash, more broad reaching KYC, Citizen Score programs, digital surveillance, extreme inflation, more taxation, vat, duty and tariffs. Is all making it obvious that the clever guys would be looking for an exit plan before everyone else.
Even if some people never saw the need for privacy to begin with, they might have been pushed into the privacy sphere by necessity. The circular economy, infrastructure, development and DEX integration is expanding rapidly at the moment.
The volatility is relatively low and the appreciation has been steady all the years (except for a few spikes).
Wasn't the whole original point of monero to prove that it could work and people would want it so that eventually privacy could be worked into main chain Bitcoin? Forgive my ignorance if I'm misremembering or getting this wrong? If that was the case, what do you think the odds are we will ever see that happen?
that was zcash
The ethos in BTC is to ossify the protocol. Without hard forks there will never be any privacy implemented imo.
I think ths odds are pretty low, certainly on the L1 side. The fact that while bitcoin is getting adopted by bigger players, monero is being delisted from major exchanges, makes Monero and such look like way more of a threat based on their actions.
Not really but Monero basically embraced all the privacy enhancing BIPS or ideas that Bitcoin rejected
started doing this a few months ago
Make sure to avoid KYC.
#KYCNotMe
#Retoswap
Welcome to the dark side, cypher punks prepare for war.
Okay. My takeaway is this.. Lunar Punk is #Zaps in burst transmissions using HF binary via Radiowaves. A transmission on an agreed frequency from a sender. A recipient listener receives the cryptologic 🔑 key of the transmission. The two wallets agree as checksum like a fax modem. The burst transaction doesn’t last long enough to be traced. Even if an observer listens to each transaction and pinpoints the HF transmission at either end, there’s no information on the chain to verify what information or token was transacted.
Just like nuclear codes are encrypted in this fashion. The data transmitted and received then must be decoded via airgapped device for final verification. A code for verification from live transmitter to original transmitter is then burst transmitted back, where the original transmitter verifies the receiver’s smart contract has been validated and received. Original transmitter then repeats this confirmation to their air gapped wallet - Final confirmation from original transmitter then completes transaction and receives QR code to their Hot wallet for final verification to the ⛓️‍💥 chain. #BSV is that chain.
#mesh can do this too, however the Bluetooth radio is on a phone, which screen doors in a submarine as far as backdoors.
Monero is what works.
Privacy will be the killer app in a CBDC world.