Profile: ede3d957...

Yes. Obviously not you. And onviously not those on NOSTR. But exactly those 99% who don't care about their privacy also treat it solely as investment to gain more fiat. If I am generous it could be closer 95%.

They claim that a majority of the donations they receive are private by default via Monero. So no reason to focus on more cumbersome solutions that don't pay bills.

Monero investors interested in privacy projects 100%

Bitcoin investors interested in privacy projects 1%

Replying to Avatar Joseph Voelbel

Great Bitcoin 101 reading from nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak

Spotlight takeaways:

— Bitcoin is the only decentralized peer-to-peer store of value system

— Proof of Work blockchain is electric power converted into immutable contracts

— Bitcoin may fail, depends on adoption

— Bitcoin provides an alternative to monetary inflation from centralized fiat-mills (much as gold has done historically)

One down on my bitcoin basics reading list✊📚👀🤓

As always. There's a blindspot in most Bitcoiners when it comes to Monero qualities.

Both Bitcoin and Monero are unique. One is slightly better suited as a store of value. The other is slightly better as a medium of exchange.

We need both for the separation of money and state while at the same time increasing individual freedom.

One without the other could lead to unwanted (dystopian) outcomes in which case the revolutionists become the new oppressors.

Replying to Avatar gladstein

My blurb for nostr:npub1a2cww4kn9wqte4ry70vyfwqyqvpswksna27rtxd8vty6c74era8sdcw83a‘s new book

Run, don’t walk, and get a copy today

“If you could only read one book to learn about money, it’s this one. Alden spans geopolitics, world history, human rights, systems analysis, and computer engineering to add fresh insight to and link together the work of the world’s most influential economic thinkers. “Broken Money” is a sweeping and lucid account of the evolution of the modern financial system that reminds us that money is fundamentally a human subject, with costs and benefits that affect billions of people every day. She presents a unified theory of money that acknowledges the merits of both credit and commodity camps and marries them with technological and humanitarian perspectives to show how we got here and predict where we are going. She speaks plainly and removes the veil of jargon from finance so we can see what hides behind: a continual devaluation of individual financial liberty and a corresponding increase in government authority. “Broken Money” shows that the story of currency and finance is actually a story about freedom versus control, and Alden ends the book with a blueprint of how, against all odds, freedom might win.”

https://www.amazon.com/Broken-Money-Financial-System-Failing/dp/B0CG83QBJ6

If the main thesis boils down to freedom vs control I am interested in her perspective on #Monero.

Replying to Avatar Raul Pablo

No

"No" as in you want to decide for me?

That question is a genious way to doxx a couple of people, assuming at least some here have KYC/chainanalysis accounts with prominent CEX.

If the question was: When's your birthday?

Would your response look different?

#privacy #anoymity #matter

nostr:nevent1qqsdwps28yqrt5nsh3pqp35yjfy72ejlphavqy3ucpsg66jcxy5d2xcpz4mhxue69uhk2er9dchxummnw3ezumrpdejqygyzxs0cs2mw40xjhfl3a7g24ktpeur54u2mnm6y5z0e6250h7lx5gpsgqqqqqqsnn2gk7

In that case I would vouch for Monero's chain over Bitcoin's.

I believe they are complementary and competition benefits both.

Replying to Avatar Cyph3rp9nk

Living with Bitcoin.

Lately I'm a little sad because Bitcoin adoption by "common" people has been slowing down.

I would like this post to serve to collect ways to use our Bitcoin without having to pay taxes, since paying taxes is totally immoral.

I am not a tax expert, on the contrary, I simply give information that I have been collecting and especially for European citizens.

The first way which is the one I like the least, which is to exchange your bitcoin for FIAT and buy products with it, the question is that you can not do it in your bank account in your country because if not, the tax authorities will knock on your door. You have to do it through neobanks that give you an iban outside your country and if it is possible that this is outside the European Union better, you also have to keep in mind that this account can not relate it to the account of your country because to make a transfer in either direction, through the CRS system the treasury of your country would know the existence of that account. The operation would be to sell on the exchange and transfer it to this account and use the card to pay for goods and services.

Here are some neobanks, it would be helpful if together we can expand this list:

Revolut - Lithuanian IBAN

Bankera - Lithuanian IBAN

W1tty - British IBAN (Does not allow sending to exchange)

Wise - Belgian IBAN (Does not allow sending to exchange)

Tap - British IBAN

Icard - Bulgarian IBAN

Dukascopy - Swiss IBAN

Advcash - Lithuanian IBAN

The next solution is the one I like the most, being able to use your Bitcoin to buy goods or services:

https://www.bitrefill.com/

And we have this excellent nostr:npub1lxktpvp5cnq3wl5ctu2x88e30mc0ahh8v47qvzc5dmneqqjrzlkqpm5xlc guide:

https://darthcoin.substack.com/p/pay-bills-with-bitcoin

It would be appreciated if we could expand this guide together, the only solution for Bitcoin to succeed is to use it, it is useless to have it stored until the end of the days.

I only ever use #Monero.

They could start adopting Monero.

That it doesn't happen tells me that a lot of people subconciosly enjoy taking the beating over changing their behaviour that would expose them..

You seem to not understand that those CEX still trading Monero went full fractional reserve during the last cycle. If this ever happens to Bitcoin (maybe even by government decree) it will massively limit price discovery.

It's probably one of the easier attack vectors for governments telling CEX to live "up" to the same standards as fractional reserve banks.

That's why Monero as digital cash is superior to Bitcoin as digital gold.

#Monero already reached full fractional reserve (1:10) on most centralized "exchanges" with maybe the exception of Kraken.

That's good and bad news at the same time as the effect of going "fully fractional reserve" without repercussions (e.g. bankruns/insolvency) will have a limited impact on price. Also if more people take self-custody and use Monero as digital cash it will drive price and insolvencies of those "exchanges".

#Monero working as a better store of value than #Bitcoin whenever BTC dumps.

The ratio seems to have reached a rock bottom which means any future BTC bull market will see a multiplier in XMR.