We can all feel the consequences of #inflation. #systemfailures we can opt out of by #bitcoining 🍊⚡️ Study #bitcoin and understand #money how it was never taught to us. View quoted note →

#bitcoin is unstoppable and you don’t need anybody’s permission to use it or hodl it 🍊⚡️ #bitcoining is the way

Banks are keeping tabs on everything about you. #bitcoin offers an alternative

Some how their still seizing bitcoin, still jailing some of its recipients and still watching all the transaction after you withdrew from your kyc exchange. Almost like something's missing #monero

#privacy with #bitcoin indeed requires extra steps

Bitcoin privacy is *worse than banks

Extra steps that intelbroker the supreme autist wasn't able to keep in order.

If I have to be a paranoid schitzo to have freedom is it worth it?

DL News

Monero-only hacker IntelBroker caught after accepting Bitcoin from FBI

IntelBroker exclusively used Monero to avoid detection. The FBI lured him into using Bitcoin. He accepted Bitcoin once — and it led to his arrest.

Lmao. What?? You don’t have to attach you ID to Bitcoin. Banking dollars are ALWAYS tied to your name

oh so when you spend to someone they can't investigate the history of the funds? and the VAST majority of people dont tie their identity to their Bitcoin? and then transfer it on a public ledger? I'm really excited for a Bitcoin standard when ALL my counterparties can do adaptive pricing based on what chain analysis tells them about my wealth.

They cannot if the person uses Bitcoin properly Even if the person isn’t careful all you have is assumptions And they ALWAYS can using banking system

"properly" is doing all the heavy lifting in that sentence. and lets be real "properly" isnt the default. it isnt even close. and I can hide USD from the banking system too. so I'll adjust my statement, the *average user has better *default privacy with the legacy system.

Don’t think we have the same definition of privacy. 😅 You do you, and if you every wanna try out p2p bitcoin , lightning, ecash, silent payments or any of the ways you can use #bitcoin privately, they will be there, OPEN FOR ANYONE, (unlike banks).

It’s becoming easier everyday :)

It’s always worth it to have freedom tools at your disposal

its not that we have different definitions of privacy, its that we have different definitions of Bitcoin. because several of those options aren't it. I'm not saying its impossible. the average privacy is worse, people not only kyc their UTXOs and then broadcast transferring them transparently.

"Properly" must mean using the tools that just landed some of the most talented devs in jail. The same tech that the treasury will consider a sign of fraud if ever sent to an exchange. What does properly mean Gladstein? Say its name.

Yeah, privacy was sacrificed at the base layer in favor of auditability. It is a tradeoff #privacy advocates are working from in order to deliver these other ways. And people can still usewallets with coinjoin integration if they want to have privacy at the baselayer. At least we have options. Those who dont care about auditability use monero. But for #bitcoin to be the monetary revolution which cannot be inflated , it forces non base layer options.

why is trusting cryptographic proofs to ensure supply "not caring about auditability?" dont we trust cryptographic proofs on Bitcoin for essentially everything? it seems pretty inconsistent that proofs for supply verification is a complete taboo subject.

Dont have the technical know-how to be able to follow you down this rabbit hole, but if you can explain it to me like i’m a non dev I’ll do the effort of trying to understand the layers of your answer

I appreciate your openness to the discussion. I just jumped in the truck but will follow up later ❤️

Sure thing.

Banks and cash may work for some in privileged societies but not everyone has options. And #bitcoin exists so that those without options can opt out of the systems that enslave them. #bitcoining is how we escape #systemfailures

I am in Bitcoin since 2010. On-boarded many many people over the years and still I don't know anybody who is capable of managing their privacy "properly" with Bitcoin. I started onboarding new people yo Monero, as 99% of the people will NEVER figure out how to do it properly. They are a risk for themselves and for others if using Bitcoin assuming pseudonymity is enough. There is no pseudonymity in trades as people know their counterparties. Add yo that that most people bought KYC Bitcoins it is even worse. You are actively endangering people if you are not revising your stance.

What's the best way to acquire monero

Depends on your starting point. If you already have KYC free Bitcoin Eigenwallet (atomic swaps) or Retoswap (DEX) are good starting points. Also if you care to convert some fiat RetoSwap can set you up with cash by mail for exsmple.

When you Study #bitcoin you get to learn so much about money and how its strings affect so many aspects of our lives. And when you #hodl bitcoin you join a peaceful revolution to keep your purchasing power.

Many people find themselves in the need to flee their countries and have found their money to be trapped in their country of origin. #Bitcoin offers them a solution. You can take your money anywhere without needing anybody’s permission ⚡️🍊 #bitcoining

what I mean is we already rely on cryptographic primitives for public/private key generation (ie nobody else can spend my wallet), proving spends, generating addresses, etc the whole thing depends on cryptographic primitives most people dont understand. but if you suggest we should hide amounts and instead use well-understood and established cryptographic primitives to prove supply, everyone loses their fucking mind. just like a normie who doesn't understand why Bitcoin can't be "hacked" and stolen. and anyway, most people who go on and on about supply verification don't actually verify the Bitcoin supply anyway, they trust someone else to do it. I'm not saying there isnt a greater trust assumption with Ring CT, there is. but complete transparency is a design flaw that was necessary for the 1st mover. Future us will be totally comfortable trusting the maths to guarantee supply.

If you accept small risk using instant exchangers, go on trocador.app (best used with tor browser on safest security setting, their onion address is on the website) and swapping from whatever coin you have like Bitcoin. Like another user suggested, Retoswap and Eigenwallet are two trustless/trust minimized options at the expense of convenience (always a worthy trade-off but don't let perfect be the enemy of good)

Sounds like it makes sense. I with i understood how the math works. Maybe future me shall :)

Thank you for taking the time to develop the answer 🤙🔥

So heartbreaking what happened to IntelBroker. Bitcoin has become a state tool and it is dangerous. Monero is the solution. The idealized decentralized, permission less, anti state revolution only truly lives in Monero. Bitcoin is a stepping stone, but its current trajectory of ossified, surveillance chain L1, with privacy only achievable through an perfectly executed chain of swaps, lightning node running, coinjoins etc, is simply ineffective as a anti state tool. If IntelBroker could slip up, the average bitcoin user that bitcoiners hope to on board to reach worldwide adoption is going to be on the complete opposite spectrum, opsec wise. For this reason Bitcoin is impotent while Monero is feared.

They definitely can and do freeze Bitcoin if it touches a KYC custodian.

check this out https://fountain.fm/show/EUp2eYCHEfZGhahs4YvJ

We specifically don't trust cryptographic hardness assumptions (ECDLP, preimage resistance) to audit supply.

Yup completely agree. Only a matter of time till people figure it out

Kyc custodians are the worst

Thanks! I will :)

Carry on

You're conflating anonymity and privacy. You never have any privacy on bitcoin L1, but you can have weak pseudonymity that sooner or later is gonna bite you in the ass once you inevitably fail at utxo management (and if you're one of the few who can do it, congratulations, so am I, but having to do this is a downstream consequence of a badly designed system). So that's what he meant, a bank's ledger at least is not public (it would be terrible even if the KYC data of the customers was elided, it's still information that shouldn't be public). Bitcoin's? Public. Forever. You never making any mistake ever versus Relentless public eternity. Guess who'll win, 99% of the times, for 99% of people?

Can you say more about Eigenwallet? Seen that name dropped a few times now. Is it usable today? How's liquidity? Underlying tech? etc

This is a great irony lost on all the new bitcoiners. I'm 2010 class too, and pretty much everyone I know who's an O.G uses #monero But all the new bitcoiners who think they've discovered humanity's deepest spiritual knowledge or something are all dogmatic and nearly universally immune to having their beliefs challenged by new information outside their dogma. A lot of the times it's peer pressure too, I've seen this happen literally hundreds of times. The gait shifting, the awkward facial expressions, the looking around for approval, the default canned phrase of "no shitcoining bro". I see through their bullshit so easily. Most of the early Bitcoiners do. But like anything, there is now more of those types than there are of the OG types, and the original is dilluted away until no one remembers. Bitcoin is a nice shiny rock that keeps adding purchasing power, which is great, that's why I save in Bitcoin, but are you free if you're rich and you can't spend money in peace without being tracked by everything and everyone? And that is why I *use* #monero Maybe it's beginning to be a good investment too, I don't know. In general I don't bother because historically all one has to do is look at the charts to realize the opportunity cost of holding anything that's not bitcoin. And those newschool noobs who think they're the hot shit think that means the debate is over and " there is no second best". Yeah bro, nice way od telegraphing to the world what you *really* care about (ngu). You're greedy, because you don't have enough. In that sense, those guys are really not that different from real shitcoiners, hoping to peddle their scam to make a quick buck. Sure sure time preference and all that, Bitcoin is probably over the crazy rapid x10's so you gotta be patient. But let me ask you this: how many of the current crops of Bitcoiners would still use Bitcoin if all Bitcoin did from now on was to accompany inflation? or even worse, fail to keep up with inflation? I would sell my entire stack right away, or at least progressively because then to me it's useless. But #monero ? Man what do I care if it would only match inflation or even lose purchasing power. It does what it does, and it does it well: private transactions. Unless you're an idiot or you have a kink for dystopia, that will always have value. Instant private and anonymous transactions to anyone on the planet. Doesn't get more cypherpunk than that.

What Hanshan said. Liquidity got drained a month ago. Now is only 1-2 BTC.

are the swaps bi-directional or one way?

One way

The most important aspect of #bitcoin that needs to be defended is people’s ability to HODL IT. With the possibility to Self-custody, it is unstoppable #freedom money in the hands of the people⚡️🔥 #bitcoining