because one of the tenets of Anarcho-capitalism is that people should use a transparent money system to prevent them from doing "shameful" things
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I mean
i think it should seems like an obviously stupid position to anyone seeking a censorship resistant value transfer system
but bro isnt playing with a full desk
as another old guy
gotta say
obsessing over the USD denominated "buying power"
is bullshit fiat thinking
but some people would rather be rich than free i guess.
"everybody who disagrees with is a Keynesian"
because reasons
🤡
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"I'm concerned that pursuing NGU at the expense of privacy and censorship resistance will result in the regulatory capture of the network"
"hfsp shitcoiner"
maxi mentality 🙄
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thats a nice belief
and i hope it is correct.
I am concerned that a transparent chain which courts institutional investors is begging for regulatory capture and will fail as a result.
beliefs aren't facts and nothing is inevitable.
it is truly insidious.
they honestly can simultaneously believe fiat is worthless
and that fiat denominated prices are good signal
when it suits their narrative anyway.
my belief is that its half greed
and half validation of their worldview.
thats a nice belief
and i hope it is correct.
I am concerned that a transparent chain which courts institutional investors is begging for regulatory capture and will fail as a result.
beliefs aren't facts and nothing is inevitable.
oh look
he did the thing
another confused fiat maxi who thinks they're a bitcoiner
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totally obsessed with fiat equiv value ain't ya 🤣
its a sad state of affairs in bitcoin these days.
chatter on all day about how worthless fiat is,
then whip out fiat charts...
and Satoshi wept 😬
totally obsessed with fiat equiv value ain't ya 🤣
its a sad state of affairs in bitcoin these days.
chatter on all day about how worthless fiat is,
then whip out fiat charts...
and Satoshi wept 😬
its a funny thing that when you take maxis to school,
for some reason
they assume you dont own any bitcoin...
like bro
your obsession with fiat is telling on you
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it is truly insidious.
they honestly can simultaneously believe fiat is worthless
and that fiat denominated prices are good signal
when it suits their narrative anyway.
my belief is that its half greed
and half validation of their worldview.
you know
when you're not a maxi zealot retard
you can acknowledge the tradeoffs other chains make
and make intelligent decisions.
you have to give up being a self righteous asshole though,
i suggest you try it.
the fact that monero has like 10000x the usage aside,
liquid hides tx amounts
monero hides tx amount
and senders inputs
and destination address
so yeah
you would think monero is much better vis a vis privacy
the fact that monero has like 10000x the usage aside,
liquid hides tx amounts
monero hides tx amount
and senders inputs
and destination address
so yeah
you would think monero is much better vis a vis privacy
As usual
10/10 no notes 🔥🔥🔥
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ELI5 how incentivizing institutional adoption results in "infecting the system and making it eat itself from the inside out"
(whatever that means)
and NOT regulatory capture of the network and de facto criminalization of sovereign usage.
Andreas was talking about this sort of thing years ago
it seems unlikely to be valuable to create a walled garden within the network
but regulatory capture is a real thing
https://www.youtube.com/watch?v=KSv0J4bfBCc
"and banks just shrug their shoulders and dwindle into insignificance"
as if the people who run the world are just going to go away peacefully 🙄
you didn't answer my question in the slightest.
RingCT to at least hide amounts?
its seriously battle tested and weird that any bitcoiner would consider it too radical.
everyone is already trusting cryptographic primitives more edgy anyway...
Absolutely
I'm interested in all kinds of spores.
Had a hood setup in my spare room for a while and was doing potato agar cultures.
But got busy and put it all in storage.
Love working with mycelium though... ♥️
And the mental aerobics begin!
Fun fact
*Everything* that doesn't attract cantillionaire speculation faster than inflation is losing USD denominated value because of a rigged unit of account
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Imagine believing that an arbitrary fiat currency minted by a single central bank defines "value"
Either this person has lost the plot or they never knew it.
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hopium.
Bitcoin is gaining buying power because fiat cantillionaires are speculating on it
You don't understand that the underlying unit of account is completely fucked and that accurate pricing is impossible in that scenario That's why housing bubble
That's why Bitcoin is bubbling
Only a moron would confuse that with actual accrual of value
Monero doesn't attract the same fiat speculation.
Which isn't a problem if you're interested in actual censorship resistant transactions and not Fiat denominated "wealth"
Another Fiat chart
how surprising 🙄
So more US dollars are chasing bitcoin faster than are chasing houses
I'm sure you're very happy that cantillionaires have decided that Bitcoin is more valuable than a house
more fiat for you!
wow
big deal /s
Could be... 🤔
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I think the point of the OP is just that they are promising liberatarian solutions but will end up being as bad or worse than the current statists.
They're not going to "end the fed" Period.
Pretty sure its not even been mentioned...?
But the vibe is that there's a new band of thugs who are jockeying for position to replace the current group of grifters.
They're going to come up with their own method and pretexts for exerting their control.
I don't think there needs to be any current connection to Trumps talking points.
Or any actual connection to reality at all.
All of that is only true when prices are denominated in U.S dollars.
Under a Fiat UOA, prices are not Equal to "value" Because the underlying measurement unit is garbage
All you're really saying is that the money that's being printed is flowing into Bitcoin At a higher proportion than it's flowing into Monero
Why should I give a fuck about a rigged unit of account system?
The retarded thing is to play their game as if it matters
And that's you bro
really weird how you go on and on about inflation and arbitrary money printing
but then act as if USD prices are actually a measurement of value
and the price of exactly nothing is denominated in gold
so you have no idea if the value of gold is constant or not
thats a statement of faith, not fact.
all prices are denominated in USD these days
The prices of commodities are indicators of how many dollars are chasing those commodities
iow speculative interest
Yeah I;m sure lots of Bitcoiners do this.
But my point is that,
if you divide a fiat price
by the fiat price of bitcoin (or monero)
you DONT arrive at hard money
or a different UoA
you're just comparing the fiat prices of two different things.
that isn't what unit of account means.
changing a fiat price into Monero isnt changing that.
UoA is *what prices are denominated in*
that doesnt change until people are pricing things in Monero
without regard for equiv USD ”value"
"the value of gold is constant"
- some dude without any intellectual consistency
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Realizing that I screwed up this explanation
The Eve-> Alice -> Eve attack I describe is always possible and has nothing to do with a malicious node>
That is to say
if the person you receive the Monero from and the person you send it to are colluding
they can eliminate the decoys in the ring signatures and see the true outputs
The danger with a malicious node is just that if you connect to broadcast a tx without hiding your IP somehow they can see that IP sent that transaction.
Which is usually true with other chains anyway
but Monero uses dandelion which prevents knowing what node broadcasted what transaction in most cases
🙇
its only possible to try and steal your channel counterparty's sats.
and you're penalized if you try and they prove you are trying to cheat.
it's not something we hear a lot about... so I'm feeling like it's not a big problem?
Notes by Kanzan | export