How can you live as a sovereign individual in a modern statist environment of extreme surveillance and plunder of private property?
#agorism #countereconomics #privacy #cryptography

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Hashrate is a meaningless metric when it comes to calculating security.
Miners' revenues can go down as the hashrate goes up.
This is because as hardware improves, it costs less to produce these hashes, and so we can't count hashes to determine the security budget.
The mining profitability of the ecosystem is lower, and there is less competition and more centralization.


Democracy never allows the free market, because democracy is statism.

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The G20 is moving forward with the creation of an international framework for cryptocurrencies that will impact globally from 2027: it will affect users in several countries through the annual automatic exchange of information on cryptocurrency transactions between jurisdictions.

Worldwide mass surveillance.

That's Why #Monero

https://www.livemint.com/market/cryptocurrency/proposal-on-cryptocurrencies-to-be-discussed-at-g20-leaders-summit-report-11694004839688.html


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Is it decentralized? Is it open source?
These are the two basic questions that any crypto ecosystem with blockchain technology must have to be considered a cryptoeconomy.

There are many more characteristics, but if it does not meet these two main ones, it will not be cryptoeconomy, sooner or later it will be banking 3.0.

Cryptoeconomy for individual sovereignty.


Many tend to confuse CBDCs with stablecoins, which are tokens pegged to the market value of a fiat currency, encoded with open source algorithms that run on a public, permissionless and decentralized blockchain, whereas CBDCs are cryptocurrencies of permissioned blockchains and centralized in one authority.

The digital or electronic money that is used today is not CBDC, since it is not registered in a blockchain ledger, but in databases.
There are currently several Nation-States that are developing their own CBDCs, to varying degrees of progress.

But understand why CBDCs are an advantage for the rulers.
My article: 'CBDC: Government Centralized Money'

https://medium.com/coinmonks/cbdc-government-centralized-money-43d81423b38d


RandomX is a Proof Of Work algorithm developed by #Monero contributors and adopted by Monero.

This innovative POW is optimized for CPUs and it's based on execution of random code and other memory-heavy techniques.
The goal is to discourage the use of specialized hardware (like ASICs) for mining Monero. RandomX was created with the intent of keeping mining decentralized and to create a more egalitarian distribution of the block rewards.

RandomX is an open source protocol, and its specifications and development can be found on the GitHub repository.


What happens to liberty if you don't use it?
It degrades until it is eliminated.

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Every new beginning comes from some other beginning's end. —Seneca

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"Suppose a gambler with unlimited credit starts at a deficit and plays potentially an infinite number of trials to try to reach breakeven.”

Satoshi used the analogy of a Gambler’s Ruin problem to calculate the probability that an attacker can catch up from a deficit.
The more blocks that the attacker has to catch up to, the less probability there is that he can catch up. And this probability increases exponentially with each block.
In the final section of the white paper, Satoshi used math to prove how difficult it is for a dishonest attacker to double spend transactions on the Bitcoin network.

https://nakamotoinstitute.org/bitcoin/

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The most successful systems of government are those that make the majority of people believe that they have freedom.

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When you understand that there can be no freedom without #privacy you will be on the road to individual sovereignty.

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There is something for everyone in the crypto space, with a variety of applications.
They all have pros&cons.
—If you are looking to ride the wave of institutional investments: #Bitcoin BTC
—If you're looking for an established financial ecosystem: #Ehtereum
—If you are looking for a financial ecosystem with governance and evolution potential: #Cardano
—If you are looking for a p2p payment system with acceptable performance: #BitcoinCash
—If you are looking for money with privacy: #Monero

And there are more options.
You just have to know what you are looking for.

#DYOR

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An axiom that holds true in any country: the more regulations there are , the greater the incentive to break them.
#agorism


The cryptoeconomy is a global nomad.
Trade without borders.


The primary goal of the Blockchain is #Decentralization not adoption.

If there is adoption without decentralization it will be banking 3.0.


Modern slavery

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Evolving 🔝


Most people are angry with their rulers but are very happy to have a state.
It is a contradiction, the state is the rulers who manage it and have the power.
The state is the enemy of individual sovereignty .


The current capitalism is not free market, that is why the rich form monopolies (or oligopolies) and do not want to lower taxes, and they avoid them with good lawyers and accountants, and the middle class pays.

High taxes are a barrier to entry to avoid competition.

State capitalism.


#Bitcoin Blockchain is not for everyone.

Imagine if the nearly 8 billion people used the Blockchain, their fees would be expensive and it would collapse its mempool.

How will it have mass adoption?
Bankers will seek mass adoption with centralized platforms, and they will be the ones with access to the Blockchain and not the mass users, who will be holders of their financial products.

#Monero will not have that problem, because bankers don't want privacy of their clients, and governments force them to transaction traceability and KYC.

Monero is for those who understand privacy and individual sovereignty.

Cryptoeconomics is for those who understand the potential of Blockchain DLT technology as an alternative monetary system to fiat money.


#Privacy is a human right, so is encryption.


An incident occurs when at least two negative triggering events occur. The more events that add up, the more serious the incident.

For example, if you cross the street distracted, you will be hit by a car only if the driver is also distracted (or could not react in time), and if he/she was also driving at high speed, the incident will be more serious.

Think about incidents in crypto ecosystem.


I do

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All regulators seek mass surveillance of their citizens, because they are the power elite and they want to control people to preserve Status Quo.

Underdeveloped countries have less technological infrastructure and their governments are weaker.

It is increasingly clear that citizens of developed countries are less free, and will seek more means of #privacy because freedom is going to be scarce.

Citizens of underdeveloped countries are better trained, currently.

#agorism


In August 2022, a hacker was able to steal personal information from users of LastPass, an application that functions as a password manager.

According to a report the company published about the incident, the attacker obtained data such as "billing addresses, email addresses, phone numbers and IP addresses of customers who accessed the LastPass service."

Once again, KYC is nefarious for #privacy and #safety

https://blog.lastpass.com/2022/12/notice-of-recent-security-incident/


You are talking about centralized exchanges, I was talking about the Blockchain.


I am in the crypto space to change the rules, not to improve the existing ones.

Cryptoeconomics is not traditional banking 3.0

"To change something, build a new model that makes the existing model obsolete."

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A fanatic is someone who can't change his mind and doesn't want to change the subject.


Keep voting..

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My article : 'Agorism: An Individual Action Toward Anarchism'

https://liberlion.medium.com/agorism-an-individual-action-toward-anarchism-d775c6e2651c

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Developed countries have stronger govs and more advanced technology. Surveillance and control of citizens is more severe.

Underdeveloped countries have weaker govs and their technology is less advanced. Surveillance and control of citizens is less severe. A paradise for Agorism.


Socialism lives in a virtual reality