npub1ah…cl76e on Nostr: Your Bitcoin (or whatever transparent shitcoin you use) is NOT fungible. Bitcoin ...
Your Bitcoin (or whatever transparent shitcoin you use) is NOT fungible.
Bitcoin maxis ignoring this problem in the name of NGU are THE problem, more than any unconscientious nocoiner ever can be.
Big businesses "accepting" cryptocurrencies are now applying the same KYC procedures as exchanges, which means account closures, flagging, reporting to authorities of otherwise totally normal transactions.
It's the biggest problem we encounter since the beginning of Bitcoin. Legal systems are now prepared to prohibit the use of fungible (Monero) and criminalise the use of non fungible/tainted (Bitcoin,...) coins.
Note, that taint can be anything. Like the use of a DEX, an unregulated exchange, a certain coin age, a far distant association/link to illicit funds. Every transaction has a risk score and businesses are trying to protect their own ass.
Bitcoin has already split into a regulated shitcoin arm INDISTINGUISHABLE from 100% surveiled and controlled fiat banking. It's now a financial tool and people are celebrating it's total annihilation/destruction.
Bitcoin is NOT money and will never be. Just like fiat is NOT money despite it being the reference system. Dark Bitcoin comes close to being money, but using Monero is a hundred times more secure, private and easy compared to dark Bitcoin.
But it's an immense uphill battle to even make Bitcoiners aware of the problems.
Let me encourage you Bitcoiners to FUCKING use your coins, so you run yourself into the problems I described above. The sooner we choose to work together, the better are our chances to not create the dystopia we wanted to avoid.
Because in a 100% surveiled and controlled system, fiat cash is a blessing with real workd use more than any fictious NGU games will ever be.
Bitcoin maxis ignoring this problem in the name of NGU are THE problem, more than any unconscientious nocoiner ever can be.
Big businesses "accepting" cryptocurrencies are now applying the same KYC procedures as exchanges, which means account closures, flagging, reporting to authorities of otherwise totally normal transactions.
It's the biggest problem we encounter since the beginning of Bitcoin. Legal systems are now prepared to prohibit the use of fungible (Monero) and criminalise the use of non fungible/tainted (Bitcoin,...) coins.
Note, that taint can be anything. Like the use of a DEX, an unregulated exchange, a certain coin age, a far distant association/link to illicit funds. Every transaction has a risk score and businesses are trying to protect their own ass.
Bitcoin has already split into a regulated shitcoin arm INDISTINGUISHABLE from 100% surveiled and controlled fiat banking. It's now a financial tool and people are celebrating it's total annihilation/destruction.
Bitcoin is NOT money and will never be. Just like fiat is NOT money despite it being the reference system. Dark Bitcoin comes close to being money, but using Monero is a hundred times more secure, private and easy compared to dark Bitcoin.
But it's an immense uphill battle to even make Bitcoiners aware of the problems.
Let me encourage you Bitcoiners to FUCKING use your coins, so you run yourself into the problems I described above. The sooner we choose to work together, the better are our chances to not create the dystopia we wanted to avoid.
Because in a 100% surveiled and controlled system, fiat cash is a blessing with real workd use more than any fictious NGU games will ever be.