the best is a custodial wallet and then using ecash
then you have two trusted third parties in it at once
freedom!
with custodial wallets, like bank accounts.
not your keys, not your coins
no privacy
this is how we win.
nostr:npub1yv54qfj70fhwkxul7zuqyztvutmegqsdjychan3fp6hsdyvmgpjspr00ky
Cerra un poco los ojos y dime si te ves
#negr0art
love it!
Great interview with nostr:npub1qny3tkh0acurzla8x3zy4nhrjz5zd8l9sy9jys09umwng00manysew95gx as a guest on the Staying Free podcast.
For awhile I was surprised that #monero was not coming up in the conversation (about financial surveillance...), but eventually the topic did come up.
Where I believe the conversation went a bit south is when the assertion was made that Monero is competing with Bitcoin.
This has not been my experience, and it is not how I think about it. And most Monero users I know think the same way.
Sure, if you dig deep enough you will find the Bitcoin Maxi counterpart, the Monero Maxi. The only difference between them is that the Bitcoin Maxi has deeper pockets by now, but their dogmatic adherence to each project and the religious reasons behind that stance are essentially the same, even if for slightly different reasons.
For everyone else (99%+) that is not how it goes, however.
Monero is a tool. Bitcoin is a tool. That is all.
Like every other tool, sometimes tool A is better than tool B for purpose X.
Less abstractly, there can simply be no doubt that when it comes to preserving your privacy and anonymity, transacting with Monero comes with much stronger guarantees than with Bitcoin: onchain is a disaster, Liquid and Lightning it really depends on the situation (generally fine and private enough for small to medium transactions IF the user knows what he's doing AND chooses the right software wallet).
Only a fool or a dogmatic true believer would think anything else.
It is what it is. Maybe one day it will change, but today this is the situation.
Likewise, if you want to hold on and quite possibly increase your stored value, Bitcoin is a better choice and has the track record to show that without any doubt.
It is for that reason that I, like most Monero users I know, keep the stash in #bitcoin BUT spend in #monero or bitcoin lightning.
We optimize for privacy and anonymity, because we understand that is the only way we won't find ourselves deeper in the mass-surveillance shithole that the collective actions of uncritical unthinking masses (who accepted or failed to acknowledge the mass surveillance) have led us to.
(And I have to say, we tried to warn you all. For years. Well, here we are.)
---
So it is not either-or, and it not a competition. I don't see any incongruence in believing in #bitcoin for storing my wealth, but prefering to spend it in #monero especially when tools like #bisq #seraidex #basicswapdex exist.
I'm not a worse bitcoiner for using #monero - that nonsense has to stop. And it begins with you, dear reader.
Use the tools. Give space to others to do the same.
With some luck, if enough of us optimize for freedom instead of dogma, we will renormalize financial privacy in our lifetime.
I agree. Every form of maximalism is some kind of mental retardation.
That being said, the early Bitcoiners bought it because of fundamentally different reasons than the new number go up crowd.
Most BTC fanboys are Religiots.
Also, is BTC really Bitcoin?
Truth! Most Bitcoiners will only realize that when they are forced to attach their digital ID to their transactions.
No privacy means we currently build our own surveillance machine.
BTC is seriously fucked, almost nothing of what was interesting in it at the beginning is left. Sad.
https://primal.net/e/note16kgfllap3senly3uyjjc2cyx9khxfldf6y3tz3jydzu39429qy4sqvd4t7
BTC is a non fungible token.
You always buy the coins history, even or especially when you buy "non KYC" BTC.
The sooner you realize the implications, the better for you.
The different layers are either overpromised as hell, like self hosted Lightning (neither has the low fees which were promised, nor is it easy to use when you need to manage your own channels)
Or they are owned by companies which take all transaction fees, like Liquid and they will censor your stuff when the Government wants them to.
So it pushes users into custodial wallets and custodial sidechains. There goes your freedom to transact, censorship resistance and self custody.
Welcome to the new bank, just like the old bank but with a new brand name.
Sure you can do that. But the more hoops you need to jump through in order to get privacy, the more points of failure you have and the more likely it is that you make a mistake over time.
And having to trust a third party for privacy is a mistake in the first place IMO.
It is 2024 and we still have a ridiculously small block size which gets treated like the golden cow which can not be changed.
There was a lot of discussion in 2017, a lot of it was false promises, vaporware and lies.
Yea a lot was really stupid, a lot was propaganda and censorship, a lot of promises and vaporware. Now we are here and Bitcoin is fucked.