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crany πŸ‘½πŸ§‘πŸ—Ώ
5ee1b38c1cea0ada124ea2d0a693c57f5fafeab112a22f773736cb595b5b4608
Bitcoin enthusiast, nostrich, crypto hobbyist, technologist, libertarian, optimist, human.

Can watchers please vote on who is winning the debate?

It seems possible to create a program similar to Bisq that could do trades using multisig escrow with Monero and simplify the UX of what is done with Monero CLI only and multiple wallets.

I love Bitcoin. Yet, over many asset classes and centuries of human trade and investing, asset diversification is included in the best formulas for long term wealth growth. Asset portfolios with all or most value or trade in terms of only US Dollar ($USD), or another single fiat currency, are not necessarily diversified today.

I know I'm a geek because I think "para-virtual" from Xen hypervisor cloud technology.

This is an interesting exchange of comments and debate on identity, privacy, and implementations.

Of note to me is GSMA-EIG, the first comment advocating privacy and ZKP implementation gaps, is the European interest group of the world's predominant mobile telecom operators and vendors trade association (GSMA). They, as a group, understand the power of standards, lawful network surveillance, and how it could be misused.

Who are the other commenters? What organizations do they represent, if any (as individual voices), and interests do they hold? Will the EU project really consider the need for privacy as commented?

Replying to Avatar Lyn Alden

As developed nations continue to enter sovereign debt crises akin to the 1940s, there are a few main outcomes.

Option 1) In a world without bitcoin, or if bitcoin fails, central banks and their governments recapitalize themselves with gold, devalue the people, and do another cycle of this inflationary policy for the next few generations. The Treasury/Fed handbook literally has a written option for this, although it is stated more opaquely. It can be done in the US (and probably many other countries) based on current laws if shit hits the fan. Denmark's central bank and China's economic ministers have also written similar things regarding extreme outcomes. It's pretty straightforward based on the past.

Option 2) We go into a centralized technocratic future. Centralized AI and CBDCs win. People have cuck money that the AI+government control. It's like Brave New World, 1984, take your pick. Hard to say, but not free.

Option 3) Open source money wins. Bitcoin and its ecosystem win. Governments get defunded from their fiat printers, and have to be more honest with their ledgers or default and get reconstructed since they can't print what their people hold as savings, or in the hegemon's case, can't print what the world holds. Probably a world of chaos for a time during the transition, but also an opportunity for peace and building the next era. Keeping track of the nukes would probably be a big deal, like when the Soviet Union fell. It's actually kind of remarkable that they collapsed economically and politically but in an orderly enough way to keep track of and secure most of the nukes.

I don't know which one will win, but I consider Option 3 to be the honorable method; the path of transparency. That's the one I am rooting for and building for.

If I fail, I would like it written that it's the method I tried for, but realistically the AI+government will probably delete most of the records of all of the failures anyway, since that is how history works, without any sort of objective truth keeper. Our best hope is to hide records in a distributed way and hope they can remain undisturbed for a while. At least bitcoiners have a tendency to write stuff in steel and make low time preference things. Some psychopath will hopefully carve a life work in steel in a cave or something, but who knows, lol.

And ironically, if Option 3 wins, any of the losing factions could still insert their ideas and paths into the Bitcoin blockchain, now or in the future. It's the most immutable database that we know how to build, and would preserve their ideas as it does our ideas. Like, you know what? I *want* the Communist Manifesto to be in the immutable Bitcoin blockchain, because I want people in the future to know how *bad* it is. It might already be in there; I don't know. I wouldn't want people centuries from now to think about those ideas and believe they came up with something new; I want to preserve my enemies' texts because I believe I can win through markets, force, virtue, and truth.

I think that's almost always what determines the winning side. Losers want to burn their enemies' texts to ensure that their good ideas don't spread too much. Winners want to preserve their enemies' texts to ensure that their bad ideas are never repeated.

Your mind is awesome, Lyn. Thanks for sharing it with us.

They could do it now with Bitcoin futures. SEC seems okay with those as futures are securities in a regulated market, unlike spot Bitcoin markets.