Profile: ede3d957...
Everything corporate will be non accessible soon.
All innovation will happen in private by default, decentralised, self-custodial spaces in the interwebs until the old system dies off.
As long as Bitcoiners are still promoting non-private by default financial networks over "shitcoins" like Monero all critique is lost on me.
Most CEX in "crypto" operate under a fractional reserve scheme. Most people don't give a fuck otherwise self-custody would be closer to 90 to 95%.
It's not a problem. It's its value proposition.
If you want to transfer value you want something like Monero that is private and fungible (cashlike) by default.
It's still not private and fungible by default. In it's current state #Bitcoin hopefully don't gets adopted as it would create a lot of foreseeable problems.
Until Bitcoin has noncustodial, private by default transactions that don't fail for amounts >$100 I will stick with #Monero. 0-conf and 2 minute block times can go along way, althoughl I prefer instant transactions as in LN when it works.
Always GET MONERO in the morning. #GM
#Monero fixes this.
It also will end the fractional reserve episode. So it should be net neutral.
Also a big shout out to @tevador who coded RandomX based on @hyc work for Monero and now coded the Tor PoW.
The #TravelRule is being implemented on UK #crypto exchanges. It forces exchanges users to provide the identity for inbound and outbound crypto transfers. Soon, on-ramp and off-ramp crypto to #fiat will be 100% #KYC. Implications will be that your non-KYC #Bitcoin may be deanonymized by the receiver if the receiving address is linked to an exchange. #BTC #Privacy #Monero #XMR https://www.forbes.com/sites/martinrivers/2023/08/31/not-your-bitcoin-uk-crypto-firms-will-now-be-forced-to-seize-some-inbound-payments/
Soon most Bitcoiners will understand why optional privacy used by only 1% and properly understood by only 0.1% endangers the privacy of everybody in the network.
You not only rely on yourself following correct procedures but also that your trade partners do. And some of them will do the "right thing" and doxx you. It's a big mess ahead.
#Monero
Bankcoin is a surveillance system. Revolut, PayPal, ETF, Robin Hood and other IOU Bitcoin representations are a surveillance system at best, total scam at worst.
Attached is a friendly table from Cryptocurrencies - Hack your way to a better life.
You can also read the chapter here: https://juraj.bednar.io/en/blog-en/2023/06/15/how-to-give-bitcoin-back-its-peer-to-peer-character-and-use-it-to-its-full-potential/


"Cryptobanks" are already going down the same route as their bigger and older brothers. Fractional reserve and interest scam 2.0. Central banks and commercial banks leeching of value in cahoots from the plebs. I guess nothing will stop that if people don't "get" Bitcoin & Monero and just think it's another investment they keep with their centralised and government controlled custodians.
Use Bitcoin as a store of value and convert to Monero (digital cash) as needed. Centralization always leads to involuntary taxation. Taxation needs to ever more surveillance and control until it crumbles down on its own weight.
The good thing is this time no one will bale them out.
Do you know what is Session app?
Session is a private messaging app that protects your metadata, encrypts your communications, and makes sure your messaging activities leave no digital trail behind.
My article..
https://medium.com/coinmonks/keep-your-privacy-with-session-messenger-714c0a96de7d
Session or SimpleXchat. People here seem to favour the second.
Would be interested in the arguments why one over the other?
Bitcoin is a glorified store of value. if you want a fungible currency, spend Monero.
Also there is already a huge number of people accepting cryptocurrency, especially in international settings. It's very helpful to get in touch with them at the "point of sale" and have some easily digestible information ready, why choosing/offering Monero over a stablecoin is preferable to them and their customers/participants.
Interesting question with some nuances. Have e-mail protocol standards been captured by Google or not? Or is it a natural monopoly exerting power over an open protocol? What is good? What is too much? Is there something as too much?
This is very much needed. But at this point in time only those shop owners aware and critical of CBDCs will be open to the overhead costs that accepting Monero means. A solution needs to be integrated into the point of sale system or it won't happen.
And maybe it's even the wrong approach to make people adopt something they don't deeply understand.
Bring your business to Coincards, Bitrefill,... They are ecomocially incentivised to make your coins work everywhere. And you can be as anonymous as with a native Monero payment and it's much faster than trusting in the merchants provider 0-conf policy.
Instead of a marketing flyer, which would be something that I would simply ignore, I would produce a document that is plain and simple (b/w). Can be easily printed by anybody. A document that can be easily spread in person or anonymously. A document that is in active development hosted on Gitlab or nostr and constantly refined to deliver a clear message that is all about "A future without cash" and what it means for individuals, shop owners and society at large. And how shop owners can make a difference by doing their part to create the future they want to see.
Don't teach them how to construct a boat and sail (adopt the vehicle). Instead make them desire to explore the seas (contribute to and desire freedom in wake of ever more oppressive control grids).
Why is bcash reacting more than BTC to the ETF news?









