Graham O'Nero's avatar
Graham O'Nero grahamonero@nosmero.com 2 weeks ago
👇 This is the main reason I got into monero but it is often treated as a secondary feature by XMR fans. I'm hopeful the on-chain controversy currently raging on nostr opens some eyes to the very real problem of tainted coins. While the open ledger issue of bitcoin is mostly ignored by the bulk of bitcoin fans, the issue with on-chain zaps is providing a different scenario that does well at illustrating the need for fungibility. If it is not fungible, it is not money. Simple as.
weev's avatar weev
A dollar is guaranteed legal tender at every bank, every exchange, every place you can go with it. Exchange accounts are frozen and funds are seized based on Bitcoin ledger history all the time. Retailers will also freeze Bitcoin coming from tainted sources. The fact that there is a concept of “tainted coins” means that Bitcoin is not fungible. Just because something may be used equivalently *in one place*, *in one manner* does not mean it is fungible. Fungibility requires it be able to be spent everywhere with the same level of assurance, in the real world, not on the blockchain. You don’t know what the word fungible means.
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weev's avatar
weev 2 weeks ago
I’ve been in crypto a long time. I got into XMR many years ago because I was completely cancelled. You can look on archive sites, I was one of the first two political bans from Twitter. It was me and Milo Yiannapoulos. I was banned in December of 2016, right after the election, due to my prolific public support for the winning candidate for the presidency. Milo is back on Twitter, but I’m sure that has nothing to do with his self-admitted cooperation as an FBI informant. Anyways that’s beside the point. Not only was I banned from Twitter, I was banned from Facebook, YouTube, LinkedIn, retail banks and exchanges, all within a very short period. Because I was viewed as strategically helpful to the candidate that half of America supported! So I was forced entirely into crypto due to debanking. But then the damnedest thing started happening. People who both sent and received Bitcoin from me started having their exchange accounts cut off. I started using Monero not because I cared about privacy. I don’t and still don’t! I’m a public figure with a fucking Wikipedia article, and I’m unapologetic about my views! I have no problem shouting what I’m doing from the rooftops! I was never trying to hide. I only wanted to tell people the truth as I saw it. And for that I was completely cut off from the financial system. The only thing that allowed me to not be homeless and feed my kids was Monero. It was the only currency that just worked as actual money, and still is.
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