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Yena
a9444d795a3cd9c338efe4ca4010f803d92d1d8058073769664af44d890855a1
Bitcoin, Not Fiat. New to bitcoin, not sure if I'm a hater yet or just a deeply closeted bitcoiner. P2P Agorism FOSS

Also I'd argue that if nodes aren't able to IBD (in a few days) or even sync after IBD behind Tor / limited bandwidth environments then decentralization is substantially hurt

Monero looks to be going in this direction.

Bitcoin is the one that limits subnets while Monero does not really have good protections against this except for the ban list which seems to be getting circumvented.

If there's spam attacks or large adoption increase post FCMP upgrade then node resources requirements will stop a lot of people from running nodes. It could be more akin to Ethereum nodes.

Monero Txs are 50x the size iirc, and require more compute. so I think the total on chain Txs will be similar to Bitcoin at the cost of being more resource intensive

Monero devs don't really value node costs being low (measure of decentralization)

I'm sure there's subreddits where buyers and sellers meet, also there is porn subscriptions so I don't see why all three of these wouldn't be DNMs. Just different rules for each platform.

Actually anyone could proxy a market to an onion domain and it wouldn't be possible to know otherwise. Therefore, you couldn't actually prove any online shopping isn't a DNM. right?

Replying to Avatar Super Testnet

Evidence against reusing a monero wallet: “If you need perfect unlinkability of your receivables, the only solution remains to use a separate seed (separate Monero wallet).” source: https://docs.getmonero.org/public-address/subaddress/

Evidence against reusing a monero address: “To prevent the payer from linking your payouts together [you must] generate a new subaddress for each payout.” source: https://docs.getmonero.org/public-address/subaddress/

Evidence for running a monero node, not a phone wallet: “It's always advisable, especially for privacy-conscious users, to use a personal node when transacting on the network to achieve the highest rate of privacy.” source: https://www.getmonero.org/get-started/faq/

Evidence of difficulty of using monero on tor:

Lots of more privacy problems listed on the OFFICIAL getmonero website. Lightning does not have these issues. Admits monero users will be POOR:

"If you use Monero but give your name and address to another party, the other party will not magically forget your name and address."

"If you give out your secret keys, others will know what you've done. If you get compromised, others will be able to keylog you."

"If you backup your seed in the cloud, you'll be poorer soon"

read it for yourself!

source:

https://www.getmonero.org/get-started/faq/#anchor-magic

Is that what the "f" in Bitcoin stands for too?

Replying to Avatar umbra

I used to harbor a deep, structural prejudice against Bitcoin.

It was a mix of arrogance and the subtle conditioning of the state apparatus. I thought I was financially literate—I even arrogantly cited JK Galbraith’s A Short History of Financial Euphoria to dismiss Bitcoin as nothing more than a digital tulip mania.

But I owed it to myself to challenge my own bias. I couldn't ignore the fact that minds far sharper than mine possessed a conviction I lacked. That curiosity led me down the rabbit hole—from X to Reddit, and eventually, to nostr:nprofile1qy2hwumn8ghj7mn0wd68ytndv9kxjm3wdahxcqg5waehxw309ahx7um5wfekzarkvyhxuet5qqsw4v882mfjhq9u63j08kzyhqzqxqc8tgf740p4nxnk9jdv02u37ncdhu7e3 .

Lyn writes like an apostle of economic truth. I picked up Broken Money, and it only took a few chapters to dismantle my entire worldview. I realized my understanding of money was fundamentally flawed. I saw how Bitcoin’s scarcity, portability, fungibility, and divisibility render it the apex predator of value storage—a role gold can no longer fulfill in a digital age.

That was the red pill. I dove back into the signal—initially through Bankless, but eventually finding my home in nostr:nprofile1qyt8wumn8ghj7etyv4hzumn0wd68ytnvv9hxgtcp2amhxue69uhkv6tvw3jhytnwdaehgu3wwa5kuef0dec82c33wv6hjufkwaskgamj0pjx2drvdpn8xdfkvahrvdrgwaa826rwvesnvu3ed44rgdekwg6hxdrgdd6ku7n80fchyuekwymh5qpqs5yq6wadwrxde4lhfs56gn64hwzuhnfa6r9mj476r5s4hkunzgzqjx5gu2 's Bitcoin Mastermind.

The quarterly roundtables with Preston, nostr:nprofile1qy0hwumn8ghj7cnfw33k76twd4shs6tdv9kxjum5wvhx7mnvd9hx2qgvwaehxw309a38yc3wd9hsqgypghst3pwjamjlsnxclc2vmtvz7g33sde3ge5wm7knuz9nhmfwwvt69pq8 , nostr:nprofile1qy2hwumn8ghj7etyv4hzumn0wd68ytnvv9hxgqtxwaehxw309anxjmr5v4ezumn0wd68ytnhd9hx2tmwwp6kyvtjw3k8zcmp8pervct409shwdtwx45rxmp4xseryerdx3ehy7f4v3axvet9xsmrjdnxw9jnsuekw9nh2ertwvmkg6n5veen7cnjdaskgcmpwd6r6arjw4jsqgq6lcx8fc7h0p8t4ya9u0a92jnwavqe9rgjwwdw3wjgxfuxsz8rd5mths8c , and especially nostr:nprofile1qyvhwumn8ghj76mwdaehgu3wdejh2arjd9hx2tnrdakszymhwden5te0d45hxumtv4ujuvp59eekjqpqk7vkcxp7qdkly7qzj3dcpw7u3v9lt9cmvcs6s6ln26wrxggh7p7sjlnx5t , were a revelation.

Jeff’s chart of the S&P 500 denominated in Gold shattered my perception of "growth." It was a moment of absolute clarity: what we call "gains" are often just an optical illusion of currency debasement. High asset prices are merely the receipts for fiat printing.

It made me realize that without the constant injection of liquidity, the so-called "corporate growth" curve might just be a flatline. It begs the question: what would the stock market actually look like if we were still on a true Gold Standard?

They say everyone buys Bitcoin at the price they deserve. My entry price is simply the tuition fee for the time it took me to wake up.

I spent years wandering the DeFi wilderness, speculating on ETH and researching altcoins like Kleros, reading Vitalik yet shamefully ignoring the pristine collateral staring me in the face.

But better late than never. I am here now.

I am fascinated by the ethos of open-source and freedom. I wouldn't be who I am without the selfless sharing of others in this space. I hope to pay that debt forward—contributing my own signal to the noise to help build a better world.

Hello, Nostr. ⚡

#Bitcoin #Macro #Introduction #Plebs #Nostr #Grownstr

"Bitcoin's fungibility"

Always keep an open mind

don't understand that last bit, I agree individuals owning is better than banks/companies.

It wouldn't be like japanese in 1942/immigrants today I think it would simply be like going after tax fraud, Bitcoiners as a whole aren't problem, just the ones that don't give the gov what they ask for.

ik first image is nanogpt what is 2nd and 5th? NymVPN?

I'm curious, can Bitcoin still separate money from state if the state knows who all (most) the Bitcoin belongs to? (whether institutions or individuals)

"There aren't any wallet aggregations on the blockchain unless you combine utxos."

Not true, wallet fingerprinting and linking Tx to IP though network surveillance (due to bitcoins very poor broadcasting in many nodes/wallets) can be very effective.

"They do chainalysis on monero too."

Yes they do. Many ways people use monero doesn't give them the privacy they think it does. For example, instantly swapping in and out of xmr to 'wash' coins. Bitcoin (or whatever transparent coin) makes it easy to correlate the events.

"the market has spoken"

let's look at the market

non-bitcoin market cap -> $1.3Trillion

eth -> $350 Billion

xrp -> $120 Billion

doge -> $20 Billion

A total clown show

Monero not found on the top 5 exchanges, was delisted or never listed on ~60 out of top 87 exchanges, and the ones it is found on remove for regions like EU/EEA under MiCA, and others like Canada, Australia, Iceland, SEA, etc.... while still maintaining top 20-30 market cap

Bitcorn pump is coming from blackrock, ETFs, treasuries companies, other captured institutions, and so on... all the non-free markets. They all need PERMISSION to hodl and they operate under the whims of the jurisdiction they reside.

Many of these 'hodlers' of Bitcorn would swap it out in an instant to xrp/sol/shit under a different series of slogans and meaningless jargon for why it's the new shinny object to get a hold of.

Yes, the state-regulated market which thrives on control and surveillance picks Bitcoin as its king and Monero as its enemy.

Just an example... Also if you're broke just say so. (kidding :P)

Tx's are easily aggregated into wallets, so it's not unrealistic for total wallet holdings to be known even if you spend a small UTXO.

Lightning tx's can be linked to the UTXO used to open the channel. Network surveillance, traffic/amount correlations, and data from the large liquidity providers (Who are CEXs like Binance or other doxxed entities that must comply with blockchain Intel companies).

But for fun let's say specific methods are unknown or unclear. In 2020 IRS paid out $500,000+ to two blockchain surveillance firms to work on tracing (breaking the privacy) of Bitcoin layer 2s - Lightning in specific. So at least realize that highly capable adverseries that receive hefty amounts of gov. funding have been working on these attacks for some time.