Good tips--the whole KYC thing is just so dystopian...everyone is tracking you--every device--other people's devices are tracking you (contacts, BLE, Amazon Sidewalk, etc.) -- it's just insane...
Long for the days when you could just set up an email account and voila--you could contact your friends...
(Sadly those days are long gone...never to return)
It really is. BTC went from being a currency to a highly regulated asset co-opted by big banks and gov. I stack sats, but I use Monero. Unlike Bitcoin, Monero doesn't need a 2nd or 3rd layer to be private. It is private and untraceable by default on a protocol level. Delisting it from tge CEXs only served to make it more private ;)
You should also mention that BTC is NOT censorship resistant. We saw that already with some Mining companies
I find XMR compelling--it's really now serving as a stable coin (price has sat around $150-$160 forever). I do like the privacy aspects, but its reputation as a "criminal coin" (unjustified as it is) will be hard to shake.
I suspect if any crypto will be "banned" Monero will be it (whether a ban will be successful is another story).
I could see it surviving as a privacy based stablecoin--but I can also see swapping BTC for XMR being designated as defacto "proof" of money laundering....
Will be interesting to watch XMR as the months go by, and as the crypto industry matures and adoption increases.
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