[ Thanks for the very cool read ] :
https://antimoonboy.com/darknetmarketmaximalism/
And as always, the invisible hand of the free market continues to set things in their place. That is, if you don't want to be in the same boat as the moonboys - be consistent in your beliefs and "vote" with your actions.
I don't own Bitcoin, I don't buy it or accept it as payment for my services for the reason that I don't want to be with the banks, politicians and Saylor at the helm of this ship.
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ππ» Here are the points I disagree with in this manifesto, and my explanation of why:
1) >>> Who takes cryptocurrency seriously, as a matter of freedom or incarceration, and not as some silly meme? The answer happens to be the individuals that make up these dark net marketplaces, because if cryptocurrency were to magically disappear, the underground internet economy would collapse overnight.
The gray/black market existed *thousands* of years before Bitcoin and Monero. Thanks to the Austrian school of economic thought, we know, and have learned from studying human history, that the invisible hand of the free market is unpredictable, so nothing bad will happen to the black/gray market, even after a nuclear war and a complete shutdown of the Internet. A simple example: the Hawala system - which is several thousand years old and still works perfectly well today.
The black market that uses Bitcoin and Monero is many times smaller than the black market that uses USD and EUR. But I think that's changing every year as the government tightens the screws more and more, and as it gets harder to use banks, and that Monero becomes stronger and stronger.
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2) >>> Rather than panicking over the latest government regulation, we must double down on our beliefs and fight back both in the courts and through our peer-to-peer utilization.
For some strange reason, some people continue to think that the courts are a separate branch of power. I don't think so. Every court in the world is part of the current politico-financial system, it is as much a state parasite as the state itself, or any "good" politician.
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3) >>> For example, arguments can be made that stablecoins, a perversion of cryptocurrency that digitally pegs an asset to fiat, are used in greater volumes than either Monero or Bitcoin, in large part due to their lack of volatility and strong liquidity.
It is a fact that it is USDT and specifically on Tron that is the king of underground banking around the world.
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4) >>> But the tragedy that faces peer-to-peer cash is that moonboyism is inevitable. Unlike FOSS projects like VLC, Debian, or PostgreSQL, cryptocurrency has scarcity, and with that scarcity comes potentially lucrative investments. And so with Monero, it is clear that its artificially limited supply, as well as its ever-growing clout, can entice moonboys to throw their support behind the project, looking for the βnext Bitcoin,β which will yield mind-blowing gains.
I've been saying the same thing for years, that Monero is fundamentally different from Bitcoin, and I don't mean protocols/technology, I mean philosophy.
And I don't believe that the current servants of this political-financial system will decide to shoot themselves in the foot by encouraging the use of Monero.
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#monero #xmr #bitcoin #btc #crypto #cryptocurrency