Bitcoin is a public blockchain, deliberately so. It was created this way as openness allows proof. Proof prevents corruption through proof of transaction and proof of reserves.
This is how El Salvador’s government proves its holdings to its citizens and to the rest of the world.
This is incongruous with privacy, which is the point the Monero contingent make on here.
That said, the ability to tie specific wallets or transactions requires an additional layer of transparency. It is easy to prove you own a wallet address by spending or by signing a message with the private key. It is much harder for a third party to prove your wallet address without your cooperation.
This is where chain analysis firms like Arkham or governments ability to KYC on and off ramps fill this gap.
Anonymity within Bitcoin, therefore is very difficult to achieve. There are mitigations you can make to obfuscate your digital footprint, but in this case the Monero faction here on NOSTR are correct.
In the same way the Blocksize (fork) wars were not about right or wrong.
Big blocks and a hard forking protocol make Bitcoin transactions cheaper and faster, but at the cost of decentralisation and scarcity, meaning governments can shut you down.
Small blocks allow decentralisation and hard caps like the 21M coins, but they do not allow the base layer to be used for day to day transactions at scale.
So it is with encrypted or non encrypted blockchains. A non encrypted blockchain like Bitcoin prevents corruption at the cost of privacy. An encrypted blockchain such as Monero provides privacy but allows corruption.
I fully appreciate your agenda with Vexl, and I fully support it, but my advice is don’t allow your personal agenda to blind you to reality or an opposing argument. Opposing arguments are rarely wrong, just come from a different agenda. To adapt a Bitcoin mantra, they are not the same.
Good luck growing Vexl, I wish you well, but also don't be afraid to state your intended bias at the start of a discussion. I've only just looked at your profile header.
Oh, I don’t have ill will, I do things my way and I talk about how I do them. That’s all and I agree with you most everything that you say here I am just simply having conversations that’s why I like Nostr because we can have these long form discussions.
I love bitcoin I like talking about bitcoin with others. I appreciate absorbing your views, and I appreciate you taking the time to write them out.
I have no agenda, other than pushing bitcoin forward in every possible way.
Of course I liked your original post. That’s why I commented is because we are really building tools that are outside of the traditional systems.
And for me, it’s not about subverting government overside or anything. It’s just about the fact that I don’t like my information appearing in someone else’s accounts whether that be a centralized exchange or a face-to-face trade I still prefer cash.
And honestly, I just want people to start learning and studying bitcoin it’s also important to understand why bitcoin was created in the first place and that’s why I believe that we are all taking steps to educate and help others on their path.
Agreed 💯
I wish you the best of luck with your project.
Also FYI, I had to switch from Primal desktop to Damus iPhone just to find the 100% emoji.
There’s still a lot of work to do 😂
I have a love hate relationship with primal and I often switch between the 2 :)
I think currently one of the biggest challenges that we face for adoption is the fact that most ways people reccommend to buy bitcoin require a lot of permission and a lot of waiting you need to submit your IDs your electricity bill take a selfie and then you have to wait.
This is quite hard for most people and puts up unnecessary red tape that people shouldn’t have to jump through just to buy $50-$100 worth of bitcoin. This is what I’m against I believe that KYC and these practices hurt adoption.
I think it should be easy to buy bitcoin and I think we should have an ability to buy it with friends and friends of friends in a trusted way so that we don’t get scammed, but also we want to grow the bitcoin economy. We want to show people how you can earn money in bitcoin.
We all have a story of riding in the back of a taxi in orange pilling, our taxi driver and sending them bitcoin, but no one prepares them for the hurdles that they face to be able to either sell that bitcoin or buy more.
That’s why I like local bitcoin communities, and meet ups
I don’t believe that I’m blinded by my agenda or my mission. I have one and I’m doing everything I can to educate others on what I believe.
If we truly believe in value for value, I think it’s actually a very positive thing to seek out people in your community who you would like to cooperate with and pay for goods and services and bitcoin with.
It’s like my cleaning lady. She’s great and overtime. We began to talk about bitcoin while she was hesitant at first I agreed to start paying her what we agreed on and then tipping her a little extra in bitcoin because I really value what she does and I want to give her something that I value.
This is the way, use whatever tools work best for you and I love having options.
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