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Papa Figos
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(when figo (papa figo))

Ever fewer can see that it'd been the CBDC from the very beginning and has normalized insane amounts of transparency!

A bank account was bad enough, the bank can see all the transactions, the government can and does spy on the bank to spy on the customer, and the bank can and does sell customer data to third parties. And don't get me started on VISA/MasterCard being there in the middle so essentially a pretty good chunk of the world's financial data ends up at the NSA & co. And it's all neatly tagged (KYC).

Then along come cryptocurrencies, and now it's not just an institution that can look into your shit, oh no! IT'S THE WHOLE WORLD!

Forever, and retroactively!

And people don't see a problem with it until about 15 years later, and even then they resist and resist and resist!

Even more puzzling, they reject the tool that does the sane thing (#monero) (only you can see your transactions, like cash) because it's not part of their religion/football club!

Amazing!

But wait, it gets even better. They also rationalize why Bitcoin should not have privacy and anonymity baked in, because of inflation bugs, of which Bitcoin has had two whilst being as transparent as a Socialist's lust for other people's money!

Sometimes I think I'm from a different planet. The whole thing just seems nuts to me.

The way I see it, this is very simple.

If we are spied on all the time we're being stalked and hunted by a giant parasite-predator that does not have our best interests in mind.

This thing is infinitely more powerful than any one of us. We can try to limit its power, human history could be viewed as repeated attempts and failures to do this.

An excellent way to keep it in check is enough of us not accepting constant pervasive mass-surveillance, because then we can't as easily be picked as targets individually (less data to make a targeted choice).

It really isn't so hard to understand.

1. Pretty condescending. Maybe YOU will get it eventually?

2. Who said I want to be? My bags are heavy with BTC too.

3. Only someone who doesn't use onchain BTC could say that with a straight face. Bitcoin privacy and anonymity is a disaster, always has been.

Seems to me only someone not very intelligent or someone with a giant ideological axe to grind could come to such faulty conclusions.

I generally like your notes and don't think you're lacking in intelligence.

But I gotta ask you man, have you even ever used #monero ?!

Because there is a MASSIVE difference between paying different friends and family and strangers and between one's own wallets with zero care in the world, and having to separate everything, compartmentalize, do not cross-transfer, never link funds from different sources, and do all this with the thought in mind that perhaps one day one will be interfacing with a KYC service that does chainanalysis and one's past deeds will be retroactively exposed and some opaque algorithm will be used to decide whether one can or cannot access the service.

Two very different realities, let me tell you. I should know, I've experienced them both.

Have you?

What Bitcoin Did with Peter McCormack: Scaling Bitcoin Privately with John Light

Episode webpage: https://www.whatbitcoindid.com/podcast/scaling-bitcoin-privately

Media file: https://traffic.libsyn.com/secure/whatbitcoindid/WBD780_-_John_Light_v2.mp3

Blueprint for a more #monero -like #bitcoin L1.

A man can dream !

And Then It Hit Me with Cory Allen: #21 Own Your Focus, Own Your Life

Episode webpage: http://www.cory-allen.com/theastralhustle

Media file: https://www.buzzsprout.com/1990661/13846822-21-own-your-focus-own-your-life.mp3

#podcasts #spirituality

Feel Better, Live More with Dr Rangan Chatterjee: #426 A Guide To Self-Mastery, How Restrictions Lead To Freedom & Discovering Happiness with Shaolin Master Shi Heng Yi

Episode webpage: https://drchatterjee.com/426

Media file: https://sphinx.acast.com/p/acast/s/feelbetterlivemore/e/65cb633911e3e500150134b5/media.mp3

#podcasts

https://www.moneroinflation.com/amounts_confidential_tx

This should give you some more information about confidential transactions in Monero (which are one of a few parts involved).

https://www.moneroinflation.com/likelihood

This should put your mind at ease about an inflation bug (if you actually read it, congratulations, you're ahead of 99% of the maxis).

As for the part about "forcing" a hard fork, sorry bur that's nonsense.

First of all, there is just as much if not more deliberation (in some ways, the stakes are higher, because it's a more complex system), but you're an outsider and you're imposing your own biases and preconception and not realizing this is what's happening.

And second, understand that the culture is different. Monero users, node operators, etc, all expected the hard forks, and wanted them, and were ok with it.

If you put bias aside, you'll be able to see that both approaches (very conservative + takes forever Bitcoin vs yolo hardfork every 6 months up to a year or two ago) are correct - bitcoin's for bitcoin, monero's for monero.

Also, and to finish, I gotta say you also made an assumption that is very common with Bitcoiners as they exist today. You assume an us-vs-them mentality.

Let me tell you, most Monero people I know are also Bitcoiners - not just that, they have been Bitcoiners for far longer than most Bitcoiners (who think they've found the holy grail or something & are smarter than everyone else (according to themselves)) have been Bitcoiners.

Why? They/we USED Bitcoin since the beginning, and understood that as it exists today it's a surveillance machinen and not at all fungible on L1.

So in general Monero people are much better informed about Bitcoin than rabid Bitcoiners who only see one shade of orange are about Monero.

Something to keep in mind.

#monero #bitcoin #privacy

Notice the assumption, never valid before in human history, that complete, retroactive and eternal surveillance is the norm, and anything less than that is an affront that must be squashed.

A small insight into the mind of a tyrant, right there.

For me it's curious, I think ecash is interesting but in the end it's just an IOU.

The mint can rug you, hot wallet exploits can take your bitcoin from the mint while you're left holding useless ecash, and the complexities of merchants accepting random ecash minted from random mints (any mint can forge any amount of ecash backed by nothing) don't seem trivial to solve to me.

In other words, you are looking for less fees and more privacy, and #monero already offers you this today, with no counterparty/rug risk; but because of cognitive bias people with the maximalist mind virus are unable to see it.

It's certainly fascinating to observe: the logical inconsistencies, the wishful thinking, and the black-and-white thinking "only btc has value, everything else is a scam! there is no second best! bitcoin or nothing! bitcoin is perfect everything else sucks!".

It would be funny if it wasn't such a widespread meme. Instead, it's tragic.

Hint: one can (also) use monero, save in Bitcoin. It's not black-and-white, it's not all-or-nothing.

Anyway, I see that I'm not gonna change your mind. Happy stacking!

> Most advanced cryptographic constructs to ensure privacy and anonymity whilst transacting digitally.

> By far the largest network effect of any project aiming to preserve privacy and anonymity in finance.

>> Calls it a shitcoin

And this #monero friends is what toxic bitcoin maximalism looks like.

Well, that's not a very fair comment. The tail emission is of a very small amount, its value is known, and last but not the least, it's a voluntary choice to use it or not.

Actually, to finish expanding on that last point, using it as currencybdoesn't have to mean storing value in it, much in the same way that you wouldn't store your entire btc fortune (real or imagined) on a hot wallet of some random ecash mint, right?

There are no solutions, only tradeoffs (Thomas Sowell)