Bitcoiners think the Monero's community is against Bitcoin but the reality is far different. I knew Bitcoin around 10 years ago when there was no altcoins in general. Bitcoin was good, quick transactions with few fees, around 1 cents... then something change and there was moonboys chilling a highly expensive transactions fees system with 1 mb per block, bitcoin became slow, it took hours to settle a transaction. Bitcoin Cash was far more closer to the original version, Satoshi configured the 1 mb block saying it should be temporary, BCH community understand the need to adapt the block’size as adoption grew and they where right... Then I learned about many crypto, like Ethereum, Monero, Elrond, BNB, Solana, Luna, Ripple, Doge, PAXG etc etc... when I fall on Monero, suddenly something became clear, something I never asked before honestly. As Chainanalysis rise, it became obvious that a public ledger is a problem, especially linked by KYC. Not really about taxes, it’s far more deeper than that, if the state know where is your wealth and how do you use it, they can put you in jail for something "illicit", but in some country it can be death sentence. They don’t need CBDC, Bitcoin is the world’CBDC, traceable, linked to your ID, just a matter of time for controlling the network itself and be OFAC compliant, mining is heavily centralized already and it should only go that direction because of Halving... the whitepaper said 1 cpu 1 vote, Bitcoin and so many failed that way, Monero is ASIC resistant, maybe the last one to resist, we need to be clear, this is a question of death situation, not promotting my prefered shitcoin because the name or the chart sound's good... true bitcoiners are in Monero because it’s the only one remaining castle. If you value privacy, you should support Monero, not fight it, but let’s go with Lightning Network and any way possible to improve privacy on Bitcoin, Monero is not the ennemy of Bitcoin, just a better version. For information, Bitcoin is the first functional try of Cypherpunk's work to create an anonymous transaction system as written in the Manifesto:
"Therefore, privacy in an open society requires anonymous transaction systems. Until now, cash has been the primary such system. An anonymous transaction system is not a secret transaction system. An anonymous system empowers individuals to reveal their identity when desired and only when desired; this is the essence of privacy."
I don’t hate Bitcoin, but at some point Bitcoin is a successful failure. Monero is the first functional anonymous transaction system.
What do you exactly mean by "zeus makes the copy of the channels in their encrypted lsp server with your seed phrase" ? I was thinking a second they have your private key but of course it shouldn't be that ?
Monero is not only a privacy use, their is actually less xmr than btc, until 2040. The problem with lightning is lightning itself, it’s not the Bitcoin’s network, assuming the transactions goes to LN instead of the Bitcoin’s blockchain, that mean less transactions in block, tx fees need to be high or Bitcoin’s price need to goes up with Halving, at some point the situation is unsustainable, if the price stop to rise, miners will sank, growing the mining centralisation and OFAC compliance further... the fixed supply is leading the network to a huge centralisation which absolutely not good
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Bitcoin is the greater casino of all time, it’s not only useless, the Bitcoin’s marketcap is close to Silver. Nothing can justify this, Silver passed around 5000 years of utility for humanity, it was wealth from the begining and don’t care about any conflicts, politics, world war, internet or electricity shutdown, we can’t create it, it wasn’t a human creation, but on the other side there is Bitcoin, around 15 years of existence, sensitive to politics regulations, mining centralisation, internet or electric shutdown, a human creation that can be modified, didn’t pass a major conflict, it will probably don’t survive, especially when you consider one of the first thing attacked is the communication systems. What a joke, a bad joke, I warned you, Bitcoin is a tool not wealth, a tool for gambling, the worst is Bitcoin has no real utility, no privacy, KYC fucked and government compliant... maybe one day Bitcoin will go back to it’s real value which is far lesser than Silver. Bitcoin is actually a ponzi scheme, it’s sad, just Youtube "Bitcoin" and you will see it’s pretty all abour price green or red... it wasn’t the original purpose I think 🙃 Monero is a tool like Bitcoin, but it’s usefull, in our dystopian society, an anonymous electronic payement system over the internet is a safe heaven, regardless of the fiat price, few understand that point, privacy is so important. I don’t blame Bitcoin itself, it’s now a bubble and there was so many in history, but you the madness community you are a shame, please stop saying Bitcoin is digital Gold, what a crazy thing to say, Gold is physical not digital... you are going to become a religion if it’s not already done with all your extremists and the worst... you are just betraying the original purpose of Bitcoin : A Peer-to-Peer Electronic Cash System
You talk about leaving the rat race, but you are exactly that, go in for fiat money and run out when price goes down. You want politics compliance to Bitcoin with the hope they will accept it, You need to face reality or you will hurt a big wall one day. Bitcoin is becoming the banking system 2.0
So accept the situation, Bitcoin will be censored, you will lose your freedom and be happy... Monero fix it
And we know exactly how many do you have thanks to the KYC 🙃 🔫
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Nodes don’t control the network, miners did, they accept or reject the transactions. Because transactions are public, miners are like banks, like in Ethereum, they are able to deny someone's transaction, it’s not here yet but it will eventually be later if the majority of mining is OFAC compliant. Your anonymous relay will not be able to change that
Denying a transaction in Monero is not possible, thanks to the anonymity of sender, reicever and amount. Every transactions on Monero is private not public. But in Bitcoin, Ether and others, the censorship is possible and it’s happening everytime on Ether for example where around 50% of the network is censorship compliant. The market can be wrong and it was wrong many times, technically, Monero is just better, more privacy, more censorship resistant, more ASIC resistant, transactions are far less expensive etc etc but the price is a different thing. The market is far more about psychology, if you believe Bitcoin is better is better, you will take it, even if you where wrong. The positive price evolution of Bitcoin doesn’t imply Bitcoin is going better or more adopted, in real life, Monero is taking the place, it already done in Darknet, it will probably be on the clearnet by 5-10 years from now. When it will happen, price will move because of supply shortage, I don’t care about the price btw
Surely in Europe and US there is lot of nodes, but it’s not about geographic centralisation, it’s more about power centralisation, 2 pools own around 70% of the network wich is not so good, but supposing 51% attack, they will be able to validate their own invalid transactions and reject all others transactions, they will not be able to selectively block transactions because every transactions is anonymous. But in Bitcoin, if 51% attack happens, they will be able to selectively reject transactions, like in Ethereum actually. The main difference is if Bitcoin become overtaken, many people will don’t care because they will be able to transact normally, but Bitcoin will be compromized... hope Bitcoin will go in the privacy way more in future 😉
That’s the bitcoin community? Forcing people to use it in a deadline or be muted with a death wish? Seems to be tyranny & oppression here... It was different some time ago, where freedom was the moto 🫠
These madness around jewish conspiracy is not over? Probably Qatar is richer than jews, china is buying everything they can but it’s jews again and again 😌
The conspiracy is not about jewish having success, happy for them but it’s about jewish controlling everything, why do you think they want absolute control? Why not about Russian, Chinese, Americans, English, Australian, African, French etc etc billionaires, Was Steve Jobs a jew? Maybe Warren Buffet is jew? Maybe Trump is jew? Maybe Putin is jew? Seeing Trump wearing a jewish hat doesn’t mean he is controlled by an imaginary evil jewish worlwide shadow corporation, what a crazy think... that’s a fact jewish people have success but you know what? They did it themselves, Sandisk is a jewish corporation and they created the USB stick, Waze was a jewish invention, Facebook was created by a jew, McDonald's was succeed because of a jew, agricultural technologies, médecine, high-tech, weapons etc they have some success because they was, they are able to innovate further. Maybe Henri Ford was a jew? Maybe Newton? Maybe bill gates the founder of Microsoft? Maybe Mickael Saylor? Maybe Changpeng Zhao the founder of Binance? They succeed because of innovation, by that they became wealthy, happy for them, jewish or not, many arabs are rich because of petroleum, happy for them, after all maybe some jews are doing bad things, like some Americans, some English, French, Russian, German...
Let’s clarify the situation, you talk about "complicity in the war on Gaza" but the reality is Israel defend itself against Hamas, a terrorist organization which killed around 1500 innocents, baby, women and olders. The war is not against arabs in Gaza but against Hamas, even the gazaoui population is starved and killed by Hamas. Stop blaming Israel for the Hamas attrocity, Hamas have what he deserve, the destruction.
I don’t have evidence that Monero wasn’t compromized, but there is no evidence it was, it was never be in the past, every time someone was put in prison with the use of Monero, it was because of a bad opsec. In the article, they talk about analyse of Monero without details and credit cards involved, that really seems a bad opsec actually and not a break of Monero's privacy. Monero don’t need to be an expert to be anonymous, running it’s own node or using Tor is enough in the vast majority of usecase, but there is other points to check, especially if you are doing wrong things... so yes I have serious doubts about Monero being the way to track them
We will see if Bitcoin is "perfect hard money" when mining will be done... and fees became unsustainable on L1 so using L2 which is not Bitcoin... oh sorry, it’s already happening today... but if you change the block size you change Bitcoin ant it will be BCH, what a deal 😏
Remember Mt Gox, Luna, Ftx... many people lost their life saving on that, be carfull with your money
Ps: not your key not your coin
Self custody
#Monero
#Bitcoin
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A Cypherpunk's Manifesto
by Eric Hughes
Privacy is necessary for an open society in the electronic age.
Privacy is not secrecy. A private matter is something one doesn't
want the whole world to know, but a secret matter is something one
doesn't want anybody to know. Privacy is the power to selectively
reveal oneself to the world.
If two parties have some sort of dealings, then each has a memory of
their interaction. Each party can speak about their own memory of
this; how could anyone prevent it? One could pass laws against it,
but the freedom of speech, even more than privacy, is fundamental to
an open society; we seek not to restrict any speech at all. If many
parties speak together in the same forum, each can speak to all the
others and aggregate together knowledge about individuals and other
parties. The power of electronic communications has enabled such
group speech, and it will not go away merely because we might want it
to.
Since we desire privacy, we must ensure that each party to a
transaction have knowledge only of that which is directly necessary
for that transaction. Since any information can be spoken of, we
must ensure that we reveal as little as possible. In most cases
personal identity is not salient. When I purchase a magazine at a
store and hand cash to the clerk, there is no need to know who I am.
When I ask my electronic mail provider to send and receive messages,
my provider need not know to whom I am speaking or what I am saying
or what others are saying to me; my provider only need know how to
get the message there and how much I owe them in fees. When my
identity is revealed by the underlying mechanism of the transaction,
I have no privacy. I cannot here selectively reveal myself; I must
_always_ reveal myself.
Therefore, privacy in an open society requires anonymous transaction
systems. Until now, cash has been the primary such system. An
anonymous transaction system is not a secret transaction system. An
anonymous system empowers individuals to reveal their identity when
desired and only when desired; this is the essence of privacy.
Privacy in an open society also requires cryptography. If I say
something, I want it heard only by those for whom I intend it. If
the content of my speech is available to the world, I have no
privacy. To encrypt is to indicate the desire for privacy, and to
encrypt with weak cryptography is to indicate not too much desire for
privacy. Furthermore, to reveal one's identity with assurance when
the default is anonymity requires the cryptographic signature.
We cannot expect governments, corporations, or other large, faceless
organizations to grant us privacy out of their beneficence. It is to
their advantage to speak of us, and we should expect that they will
speak. To try to prevent their speech is to fight against the
realities of information. Information does not just want to be free,
it longs to be free. Information expands to fill the available
storage space. Information is Rumor's younger, stronger cousin;
Information is fleeter of foot, has more eyes, knows more, and
understands less than Rumor.
We must defend our own privacy if we expect to have any. We must
come together and create systems which allow anonymous transactions
to take place. People have been defending their own privacy for
centuries with whispers, darkness, envelopes, closed doors, secret
handshakes, and couriers. The technologies of the past did not allow
for strong privacy, but electronic technologies do.
We the Cypherpunks are dedicated to building anonymous systems. We
are defending our privacy with cryptography, with anonymous mail
forwarding systems, with digital signatures, and with electronic
money.
Cypherpunks write code. We know that someone has to write software
to defend privacy, and since we can't get privacy unless we all do,
we're going to write it. We publish our code so that our fellow
Cypherpunks may practice and play with it. Our code is free for all
to use, worldwide. We don't much care if you don't approve of the
software we write. We know that software can't be destroyed and that
a widely dispersed system can't be shut down.
Cypherpunks deplore regulations on cryptography, for encryption is
fundamentally a private act. The act of encryption, in fact, removes
information from the public realm. Even laws against cryptography
reach only so far as a nation's border and the arm of its violence.
Cryptography will ineluctably spread over the whole globe, and with
it the anonymous transactions systems that it makes possible.
For privacy to be widespread it must be part of a social contract.
People must come and together deploy these systems for the common
good. Privacy only extends so far as the cooperation of one's
fellows in society. We the Cypherpunks seek your questions and your
concerns and hope we may engage you so that we do not deceive
ourselves. We will not, however, be moved out of our course because
some may disagree with our goals.
The Cypherpunks are actively engaged in making the networks safer for
privacy. Let us proceed together apace.
Onward.
Eric Hughes
<hughes@soda.berkeley.edu>
9 March 1993
To true bitcoiners, I'm sad for you, bitcoin was corrupted and Saylor is an example, we need to stay vigilant, especially when someone came pretty from nowhere. Bitcoin, Monero and others like Bitcoin cash... we shouldn’t fight each other, arrogance is bad and it blind us. Bitcoin, Monero, all of us who cherish liberty, we need to rise for freedom and privacy like the cypherpunks ever did before. We are the continuation, fighting oppression and dystopia need to be our common way regardless of tech or market price. We can do better, we need to do better, together. I will ever promote theses fondamental values 🫡
Maybe you should not directly send from binance to a swap service, use a middle wallet to lure binance, with all the "regulations" going on, your transaction will eventually be considered suspect by AML rules and your asset frozen
After the swap, when you receive your first transaction on the Monero wallet (I like feather wallet, it’s like electrum), moving funds to another sub address or a new wallet is good. Running your own node is very nice but if you don’t want or you can’t, you should use Tor (preconfigured on feather wallet to connect after block sync, nothing to do especially). The goal is to hide your IP to a remote node and be even more anonymous
You are a fanatic of bitcoin, you have no arguments, you just mock of the others and if bitcoin’s community is like you, bitcoin is doomed, because of you the community. 10 years ago it was different, people where smart, not in a run for money but trying to build the money of internet. These good philosophy is out of bitcoin’s community but in Monero instead. I am really sad for you and hope better
You don’t care about bitcoin, or privacy, or moral at the end, you just want more money, it’s sad but ok have fun with your fedcoin, just keep in mind one day they will come to you for taking all what you was thinking owning
Jewish diaspora was a perfect example of decentralization, around 2k years in that situation, they survived without land or army and even being persecuted in every generation, now they return to their ancestral land written in Bible. We can disagree with Israeli politics but that thing is like a miracle, maybe it is after all. The lesson here is probably to never give up
Monero being delisted from CEX and banned by regulations is a healthy signal, they don’t want Monero because they fear it, very difficult to trace transactions, make the KYC and ASIC irrelevant, Monero succeed where Bitcoin failed, they understand a real threat against financial dystopia is now alive
All politicians are not equal, some want power and some really want to improve the situation, we can’t blame all politicians but saying taxes can be removed seems to be an illusion, do we know one country where there is no taxes ?
Sorry to say that, but hash rate going up don’t necessarily means more security, it can be 3 letters agency running more and more farms for overtaking the network like they partially did on TOR
The mining centralisation, KYC and transparent ledger is a mess, we the people should use Monero or something like that,, BCH have cashshuffle wich I like but there is no protection against ASIC wich is a big problem
M. Saylor lied on the executive order in 1933 for gold. The order was an obligation, if you don’t comply, it was a crime, as written a penalties of $10k or 10 years imprisonment or both... Saylor commited a big mistake, what a shame
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