Seems like Bitcoiners that are “against the state” are interested in doxxing, exposing, and cancelling people that they disagree with and demanding idealistic purity to a set of pre-determined beliefs… hmmmmmm… This sounds sooo familiar, but I can’t quite put my finger on it.
Where have I seen that happen before? Hahaha, small-brained idiots stg
I haven’t been able to stop thinking about future AI’s ability to scan the entire blockchain and track people down so easily to make sure that they are a compliant citizen. I am wondering if this could foster a safer nation just due to the fact that they can/will know what everyone is up to, especially given the fact that AI will play a role in policing as well. I think it would be similar to what China is like except way less extreme. (Not saying I’m in favor of this).
The implications of this will be astounding. It’s strange because citizens will likely be able to keep their governments in check but governments will also be able to keep the citizens in check.
I do also think it depends on the size of the country. When it comes to privacy as well, it’s also ironic because the hardcore privacy enthusiasts on here might not even be aware of the amount of data that large institutions already have on them, so I guess the game becomes trying to keep only certain aspects of your life private.
Not knocking privacy of course, I just try not to put too much weight on ideology these days. #Bitcoin can and will likely solve our money problem, but that comes with the obvious expectation of KYC on/off ramps and regulation, which is where the majority of the liquidity is.
It’s interesting because it allows for that, but it also allows for impoverished nations + people to participate in the protocol without any sort of requirement like that.
To end this, I will say I am indeed a big fan of #Monero, but I do see it staying as a more niche cryptocurrency, likely for privacy-enthusiasts, the dark-web, whistleblowers, journalists, and political donations, etc.
I love #Nostr but then I realized it’s still social media and social media is a cancerous toxic pile of fake dog shit where people don’t operate in reality…
After recent reading and more research, I tend to agree with what Hal Finney’s view of #Bitcoin was as well as Saifedean’s views.
In my opinion, as much as I dislike them, I think complaining about KYC and AML is pointless. People need to stop being idealist and be way more realistic. If Bitcoin is going to be the world reserve currency one day and back global finance, KYC is inevitable and it’s a necessary component to achieve this status and high liquidity.
People tend to get very wrapped up in the cypherpunk ethos and attempt to turn Bitcoin into something it clearly is not. “Cash” clearly does not mean day-to-day payments and was obviously referring to final settlement. Of course layers can be built on Bitcoin for different use cases, but this was not the intended design. The Lightning Network is great but think about scale and practicality.
I cannot help but believe that Bitcoin was designed to solve different problems than what anarchists, libertarians, etc. want it to solve. And the biggest thing for me is that’s okay… The “Bitcoin as digital gold” narrative is very strong and it’s the most revolutionary invention/discovery in centuries. Final settlement + being able to maintain my money and contributed value to society over time is enough for me.
For the people desiring hardcore privacy and wish Bitcoin was different in certain ways to fulfill their Ancap wet dream…… welp, just use #Monero.
Bitcoin and Monero can co-exist because they simply solve different problems. Even #Ethereum has real-world use cases that aim to implement different solutions to different problems. Ethereum doesn’t try to be money, but Bitcoin maxis call anything a shitcoin that isn’t Bitcoin, which to me is an ignorant statement.
I agree Bitcoin is perfect money in the general sense and I want global finance to be anchored to it, but that doesn’t mean every other coin is useless with zero utility.
How long until landlords start accepting rent in #Bitcoin?
I think a great utilization method of #bitcoin & #monero is to hold non-KYC Bitcoin which inevitably increases in purchasing power, and simply swap a portion to Monero whenever you want to make a purchase as opposed to strictly holding Monero. You get the best of both worlds with privacy as well as appreciation in your purchasing power.
This might be obvious and what many people do already, but for some reason it never really clicked for me that this was an option until now.
One thing I have realized recently is that so much amazing privacy tech can be made like a great messaging app or something like Monero etc etc. doesn’t matter what it is, but if I’m the only one even using it and don’t have the people I know in real life using it, it doesn’t even mean much.
Where am I gonna spend #Monero? Who am I going to message on #SimpleX? Most people are average normies or just couldn’t care less about things like this. What does it even matter?
They hate us for simply wanting #privacy. Is this why we’re seeing the big players starting to suck off Ethereum even more?
