XMR nostr client soon đ
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Maxis is a widely known and proudly self-labeled term of bitcoin-only cultists. Is this foreign to you?
Option? He made it a national currency by fiat (diametrical opposite of bitcoin ethos and free markets) then deployed via custodial KYC Chivo wallet on his subjects and enticed them with a little freshly printed money to use it. Laughable. But simp for a dictator I guess.
The current state of Bitcoin culture. What a low bar. Sad.
Not necessary, but I appreciate it
Spend more time and money coinjoining to attain and maintain inferior privacy. In addition to taking on the mental burden of coin control and accidental consolidation and second guessing if you did it correctly.
Or simply use a better tool for this, Monero, while continuing to save in Bitcoin.
No argument. Just another braindead npc btc maxi parrot.
I know this is your enitre world, but average people aren't going to read a 274 page manual to transact "privately" on bitcoin. They have lives and other interests. Money has to just work.
Monero obfuscates sender and IP. Reciever and amounts dont appear on the blockchain at all. I send you Monero, done. No 20 pound tome required. Superior MoE vs Bitcoin. Cheaper, easier, more private, and actually fungible (ideal quality of money)
And get this - You can still continue hodling in Bitcoin đ±!!!
It is. That's also why I don't recommend doing it.
Just use Monero, save in Bitcoin.
Hell yea, thanks Seth! npub1tr4dstaptd2sp98h7hlysp8qle6mw7wmauhfkgz3rmxdd8ndprusnw2y5g
You can swap to #monero and then swap back into #bitcoin on a completely separate wallet. Then your transactions from that wallet will be "pseudonymous" which means they will be identifiable as coming from that wallet, but if no transaction coming from that wallet is connected with any KYC service then any expert eye will be only able to see what you are doing with that wallet without knowing it is you.
If you want to transact with cryptocurrency anonymously so that no transactions can be linked with each other, no amounts of transactions are visible except to sender and receiver who have necessary keys you can just use #monero to transact.
My sound advice would be to anonymize your wealth changing to #monero and then to #bitcoin and store #bitcoin in cold storage.
Then move much smaller amounts to #monero to transact anonymously and with peace of mind with others.
#Monero at the moment is the simplest solution, hopefully #bitcoin will implement these features AFTER it gets mass adoption so there will be no excuse for government criminals to obstruct the growth of #bitcoin.
nostr:npub168ru0yfmxud7m9hcrnrtre6j3xp68u8kkd0vw20zjrwmpjw9y9zqden9jtwould tell you that you have to mix your coins and pay insane fees with very good wallets such as Samourai Wallet.
Do not use Wasabi Wallet for mixing as they already betrayed their users.
No need to be a maxi, you can just understand the pros and cons of each technology and use it to your advantage.
God speed brother.
I don't think I would advise going from "btc -> xmr -> btc" because it is trivial to trace by timing and/or amounts and figure out it was the same person with high probability. This would be much better:
1. btc -> xmr -> spend xmr
2. btc -> coinjoin -> spend btc
But if you still want to, you can do a few things to make it much more difficult to trace:
1) Wait at least a day before swapping back into btc, but the longer the better.
2) Do not send the same amount back into btc in one go. Break it up into chunks. DO NOT consolidate after.
3) For the first swap (btc -> xmr) do on exchange A, for the second swap (xmr -> btc) do on exchange B.
4) Do all this behind tor/i2p or at least a good VPN (mullvad, ivpn, safingIO spn). Change your tor identity or vpn server for each swap.
Yes there are plenty of valid arguments for Monero. You're just a brainwashed NPC maxi parrot.
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Bitcoin default transparency will expose most users to censorship, discrimination, and real world danger.
Bitcoins future high tx fees will exclude 99% of the world from transacting on chain (highest security layer)
Bitcoin community pushes custodial solutions onto users like Wallet of Satoshi/Cashu/Fedi right now because UX for sovereign LN is garbage. Rug city.
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There are plenty more let me know.
I would like to see them combine into one with the best traits of both as well.
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But I think the trade-offs each one takes is irreconcilable with the other.
I don't think Monero is going anywhere for a long time if ever.
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#1 king in network effect for privacy coins.
#2 on the DNM and at it's rate of growth will surpass BTC in the next few years.
#4 PoW coin until very recently with BCH pump (and dump?)
Yes, it is a trade off though. You either need either high tx fees (worse MoE) OR a block subsidy (worse SoV) to secure future mining. That is just the nature of blockchains. In contrast to the real world, if everyone stopped mining gold today, gold wouldnt disappear.
And what makes fiat inflation terrible is it is unpredictable and massive.
Tail emissions is predictable and very small.
But I know any inflation whatsoever is anathema to BTCers. I can't really blame them though after a century of fiat inflation.
>"My sole objective is to throw my efforts and capital behind the chain best able to rip money out of the control of states..."
---Lack of privacy seems like an easy attack surface for the state and censorship to me. But I sympathize with this sentiment. Hopefully you are right.
>"Our need for privacy right now is high because nations are strong..."
---Imo this is resting on a big assumption that is not very adversarially minded. It is safer to assume the worst and that the state will not relinquish control over money quietly.
>"I believe that ASICs increase the barrier to attack the network..."
---In terms of raw work/energy, I agree, but ASICS are vulnerable in a different aspect because they are not as decentralized and discrete as CPU mining. But I acknowledge they may be decentralized "enough" if they are scattered all around the world. The only thing that worries me is how they concentrate on mining farms, so are easy targets for states to confiscate.
Glad to have both Bitcoin and Monero.
>"Now you are saying sending tokens to other mints makes it custodial again."
No, I'm saying if another party operates within your mint, using your token, it is custodial. The act of them redeeming it on lightning or onchain, means it is no longer ecash on your mint. I feel you are conflating the redeemed bitcoin with ecash.
>"At some point in an exchange, money/value/tokens, is in someone else's custody"
You are being somewhat semantic here. Of course it is in *someones* custody, but there will be many more counter parties with IOUs that do NOT have custody.
The only time ecash is private is when you are transacting WITHIN a mint. And 99.9% of users will be doing that custodially with a "third party mint" as you say. Otherwise it is pretty pointless.
But why would you do that? You get no benefit by having a mint in that scenario if you are the only one using it. You would be privately shuffling tokens inside the mint to yourself from yourself. I don't know how that helps you.
As soon as it leaves the mint, it is no longer private again, and you remain just as anonymous as before you entered the mint with your KYC-free btc. In other words, the mint was a completely unecessary step.
And if you are sending tokens from your mint to other users, then we are right back to it being custodial for other users.
Privacy on Bitcoin is slower, less convenient, and more expensive in tx fees and blockchain bloat than using Monero. It is also inferior privacy. Even if built on higher layers, there is always a core trade-off like loss of self custody or trustlessness for example, and it wont make Bitcoin as a whole fungible (or as fungible depending on your view).
Bitcoin mining is arguably more centralized because there are only a couple ASIC manufacturers and vulnerable because of massive targeteable mining farms. You can mine Monero on almost any general purpose consumer CPU. So it is also more inconspicuous.
Node count for both is roughly in the same ballpark
You can't send someone cash permissionlessly, near instantly, anywhere on the globe. Governments can just as easily outlaw cash... So, I don't understand how your argument against Monero doesn't effect cash even more.
Volatility can also swing in your favor, not just against you. You can also choose to swap Monero for cash, silver, gold, other crypto, or anything else of your choice. But those are all volatile versus USD anyway. Even the value of cash is volatile because of inflation.
You are the only one going on a tirade babbling about hitler and jews. What is your plan? To impotently beg your governments to please continue allowing cash for the rest of time?
You use a tool based on it's usefulness not based on who created it. The people behind it are irrelevant as long as it is open and verifiable. There are plenty of anarchist, libertarian, ancap, voluntarist, agorists in Monero.
In the rare case the maintainers and developers all maliciously colluded, the community can fork the project just like Monero was forked from BitMonero.
The main use of Monero is as a permissionless private medium of exchange. P2P digital cash. If you are scared of the current volatility, don't hold it longterm. It isnt a panacea for all your problems, sorry.
How is Monero, a permissionless crypto, helping the enemy?
You go on listing the cucked nature of cash and european governments and somehow end up blaming monero for it. lul.
Where is the bicycle stick meme when you need it