People often ask me, "How much bitcoin should I hold in my portfolio?"

What I tell them, in short, is that the more you know #Bitcoin, the more bitcoin you will own.

Or all this transparency and the masses of people failing to see why keeping digital privacy end up normalizing a world where transparency and full traceability is a requirement for legal services and in the eyes of the government.

It seems to me that by and large we are already there. And it was precisely the normalization of mass surveillance along with general apathy and ignorance that got us here.

In light of the above, more transparency-by-default seems to me like a very bad idea.

Why do you think all the KYC stuff is such a pain in the ass? Legacy banking got progressively blanketed with it, cash became less prominent, more/most payments became digital-traceable, and all of this was normalized.

Then along came transparent blockchains and now it's a whole new level. Whereas before you ostensibily needed some kind of warrant, now all the financial data is there for the world to troll for the rest of time.

And listen don't get me wrong, I'd be the first to cheer Bitcoin having always-on privacy like Monero, but I just don't see it happening.

Glad to be proven wrong about this one - I'm happy as long as there is some system that allows me to keep financial privacy, not because I have somethinf to hide but because it's my right.

Right now the best system for that particular purpose is Monero (I use Lightning a lot too). The important thing is that such a system exists.

FYI Muun wallet is not a real lightning wallet. It uses submarine swaps and batches transactions on chain. It's cheaper than transacting on chain, but more much more expensive than lightning.

Both parties definitely do need to have a node online to transact with Lightning (if you are not doing it then someone else is running that node for you like with Phoenix or Breez. That means you're trusting them and they also have vision into all your transactions)

Fair, but if security and privacy don't matter to you, and you prefer convenience and usability, why not just use Paypal, Cashapp, Venmo, etc for spending? Way more people use and accept those than lightning too.

-Onramp to Monero directly with fiat noKYC and P2P using LocalMonero.

-Buy it using Bisq - Monero is their largest volume trades by far after Bitcoin.

-Simply swap Bitcoin or another crypto for it using a swap aggregators like trocador.app

-Buy at big exchanges like Kraken if you must, but I don't recommend since they require KYC. But at least once you withdraw they lose the trail similar to withdrawing cash from an ATM.

You can constantly swap back and forth if you want, but I don't do that and wouldn't recommend doing that bc its bad for privacy and also would be expensive to do that all the time.

Only buy the amount of Monero you're planning to use over X amount of time you're comfortable with (just say 3 months worth). The timeline you hold Monero is too short and the amounts are too small to be significant vs long term price action of BTC. For example, all of 2022 if you held Monero instead of Bitcoin during that year you would've made ~2.5x more. I'm not saying to do this, but just an example that these timelines are too short to matter.

Places to use Monero directly:

monerica.com (massive directory)

kycnot.me/?type=service

moneromarket.io

And freenet markets of course

Giftcards and virtual debit cards:

coincards.com

buy.cakepay.com

stealths.net

There are people who only want Bitcoin to win, because according to their thesis Bitcoin fixes everything.

This is one of the most outrageous things I've ever heard from people with the capacity for conscience.

What fixes everything is the inner and individual change that each person makes to become a better person, which consequently improves the community around them.

Everyone preaches change in others, but how many really want to change themselves?

Bitcoin doesn't fix anything, because bitcoin is a tool and like all tools, it doesn't have the free will to do anything on its own, it doesn't have the free will to decide to only allow its use for good.

Bitcoin was created with the main role of being a tool that removes personal exposure from the creation of new currencie, and in that respect it has fulfilled its function exemplarily so far.

Now, is Bitcoin the best tool to use as everyday money?

In my humble opinion, no, because to make a purchase or exchange goods there is no benefit in exposing so much information in a simple transaction.

Would you feel comfortable if every time you made a purchase with your bank account the person you were buying from could see how much you had in that wallet?

Is it sovereign to use your main wallet to make payments in Bitcoin?

I don't know anyone who has the slightest understanding of Bitcoin who makes any payments with their main wallet!

For this very reason, I don't think that the main use case for Bitcoin is to replace physical money, but I do see it as a substitute for a savings bank account, protected from all anti-sovereignty measures and devaluation of the currency through new issues of the same.

In the case of a digital substitute for physical money, I think it's much more viable to use the most private too in the digital world, which in my opinion is Monero.

When person A makes a transaction to person B, only A and B know how much has been transacted between them, and with the information they both generate in the transaction, neither person A nor person B knows any information other than what is strictly necessary to carry it out!

In this way, I consider Monero to be an approximation of what physical money is in digital terms!

In conclusion, nothing external changes what's inside, and tools are just tools, it's what we do with them that can trigger change!

Unfortunately nobody around me likes #bitcoin (family, friends, coworkers) they think #btc is too volatile and nobody has money to risk, they prefer to buy dollars as a store of value, put their pesos in a fixed-term deposit (>295% APY), or buy durable goods, as a way to lose less.

There is some stores accepting bitcoin around the city on btcmap.org

We have prepaid debit cards that we can top up with bitcoin (and criptocurrencies), and when you pay in any store it swap to pesos automatically. Also you can buy gift cards with bitcoin like Bitrefill but then also it’s converted to pesos when you pay.

There is NGO called BitcoinAr trying to boost bitcoin and cryptocurrencies. They have some courses on its page and they organize annual events. There is another organizations boosting bitcoin like Mi Primer Bitcoin, they travel around the country with trainings.

I think people who work for other countries mainly use stablecoins like usdt, dai, usdc.

I heard bitcoin adoption is growing, but you don’t hear about bitcoin on media yet.

Fees are gradually coming down.

What starts here changes the world #nostr #bitcoin #coffeechain

Good Morning :)

#Nostr #Plebchain #Bitcoin #Coffeechain

What do you think about Monero?