papafigos on Nostr: lol, we do understand very well. Bitcoin is transparent, which means it can be ...
lol, we do understand very well.
Bitcoin is transparent, which means it can be surveilled, which means it can be controlled.
You really think the same governments we all agree constantly stomp on our rights, want to know everything about everyone at all times and tax you to oblivion, embraced Bitcoin into the legacy financial system because.. Bitcoin won?
lol, just lol.
Look at how most people "use" Bitcoin. Not in our nostr bubble, in the real world.
Then realize a very small proportion is non-kyc sats, and over time as even more normies come, those utxos will stand out even more.
Why do you think the focus on the travel rule, CRS-like reporting requirements, etc?
I'n trying to be really polite here, so I'll just say that it's asinine to believe that Bitcoin was embraced because it was too big to stop.
It was embraced because they think they can control it well enough to neuter it.
#monero though? Different story. It's banned in several jurisdictious (Japan, UAE, South Korea too I believe), and de facto banned in many others (the EU notably because of MiCa, which makes exchanges supporting it a giant nightmare, so they folded).
Why but why do you think that is?
BECAUSE IT WORKS, lol.
And because it works as untraceable digital cash, it REALLY upsets the current surveillance paradigm.
You can't enforce what you can't see. If a sizable portion of the people are using tools like Monero, the cows are free, the slaves leave the plantation, the scam implodes.
Bitcoin makes the scam implode in another way (hopefully, anyway) by making clear that fiat money is a crime against humanity (I'm not even exaggerating).
However, it being transparent also makes it a perfect tool for control.
If you doubt transparency fosters control, consider how it would feel to not use end-to-end encryption for anything.
That's Bitcoin, but for money.
And so it was embraced by the fiat system.
Monero? Banned, not talked about in polite company.
The world is not ready for it yet.
Bitcoin is transparent, which means it can be surveilled, which means it can be controlled.
You really think the same governments we all agree constantly stomp on our rights, want to know everything about everyone at all times and tax you to oblivion, embraced Bitcoin into the legacy financial system because.. Bitcoin won?
lol, just lol.
Look at how most people "use" Bitcoin. Not in our nostr bubble, in the real world.
Then realize a very small proportion is non-kyc sats, and over time as even more normies come, those utxos will stand out even more.
Why do you think the focus on the travel rule, CRS-like reporting requirements, etc?
I'n trying to be really polite here, so I'll just say that it's asinine to believe that Bitcoin was embraced because it was too big to stop.
It was embraced because they think they can control it well enough to neuter it.
#monero though? Different story. It's banned in several jurisdictious (Japan, UAE, South Korea too I believe), and de facto banned in many others (the EU notably because of MiCa, which makes exchanges supporting it a giant nightmare, so they folded).
Why but why do you think that is?
BECAUSE IT WORKS, lol.
And because it works as untraceable digital cash, it REALLY upsets the current surveillance paradigm.
You can't enforce what you can't see. If a sizable portion of the people are using tools like Monero, the cows are free, the slaves leave the plantation, the scam implodes.
Bitcoin makes the scam implode in another way (hopefully, anyway) by making clear that fiat money is a crime against humanity (I'm not even exaggerating).
However, it being transparent also makes it a perfect tool for control.
If you doubt transparency fosters control, consider how it would feel to not use end-to-end encryption for anything.
That's Bitcoin, but for money.
And so it was embraced by the fiat system.
Monero? Banned, not talked about in polite company.
The world is not ready for it yet.