While it would be nice if XMR got accepted as legal tender first, I think there is a silver lining in that BTC is at least being accepted which hopefully opens doors a little wider for XMR

At the very least, easier for people to buy BTC to swap w/ XMR which given things like Kraken being the only US exchange w/ a USD <-> XMR pairing, may be the path of adoption here assuming atomic swaps become a thing in the next year

* At the very least, easier for people to buy BTC to swap w/ XMR which given things like Kraken being the only US exchange w/ a USD <-> XMR pairing, may be the easiest path of adoption here assuming atomic swaps become a thing in the next year

But I am a naive optimist, overly so at times so I could be wrong

BTC <> XMR through Atomic Swaps could make it easier. Didn't think about that.

Legal tender is irrelevant. It’s like asking for a a state protected monopoly. Haveno DEX will provide all kinds of access to XMR

Atomics too

Leave the rent seeking to the types that want to share their details with the world. Let them be good littl fascists.

Might be my favorite surveillance coin meme ever.

<roberts6[m] "Do you guys fear that Bitcoin is"> Bitcoin has none of the use cases of Monero

I know Monero is better then Bitcoin but not everyone knows that.

<roberts6[m] "Do you guys fear that Bitcoin is"> This will probably age like milk but just wanted to share my opinion and contribute:

<roberts6[m] "I know Monero is better then Bit"> Yeah, but if you try to use btc as you would monero, you will have a bad time.

The beautiful thing about bitcoin is that if you are a noob and don't know what you are doing, you will lose all your funds in transaction fees, or be arrested for using it to buy produce from Arizona in California.

California takes produce smuggling between states very seriously.

I mean literal fruit.

Like apples.

Now that Hidden_Meaning mentioned Satoshi's vision. If you read the whitepaper, bitcoin possesses none of the attributes the proposed cryptocurrency has. And also fails in that Satoshi predicted that KYC would not be a thing.

Satoshi either mentioned traits btc does not have, or made predictions that are no longer accurate.

Which makes sense that BTC lost it's way from the original Satoshi Vision as the inventor left. However, if you believe that Adam Back is Satoshi and he is in and always has been in charge of BTC Core development then it's highly suspicious that it's strayed so far from the vision.

It's absurd that BTC isn't ASIC resistant and don't start me on the blocksize debate.

Satoshi being anonymous was probably the smartest thing that individual did. That way he could not be influenced/coerced by wef or governments.

<l33t_bit[m] "Satoshi being anonymous was prob"> I think the altruistic messiah works great for branding, however I wouldn't agree that governments don't know who he is and couldn't coerce him.

<Hidden_Meaning[m "I think the altruistic messiah w"> A.) How would they know who he is?

Say that he wrote the whitepaper, and destroyed the private keys.

Even if they coerced him to come forward, people would reject him if he started shilling for WEF approved policies.

Unless Satoshi was a state actor then I doubt the NSA or GHCQ couldn't track them down.

Maybe add a time traveller to that.

They could feasibly find someone who is likely him; however, it is hypothetically possible for someone of his skill level to be sufficiently anonymous that, since the NSA and GCHQ don't really care much about him, or didn't care about him at the time, they wouldn't bother using their 1984 level tech to find him.

And even the NSA may have difficulty retroactively finding an obscure person over 10 years later.

Why hack a nobody's email account? No one cared who satoshi was until bitcoin became huge

Server logs can easily be avoided using a vpn, let alon tor.

* Server logs can easily be avoided using a vpn, let alone tor.

"If you see how CIA/NSA work they leverage people like that not destroy them." Leveraging someone who has no connection to their public persona is much harder.

<l33t_bit[m] "Server logs can easily be avoid"> Gavin Anderson talking about visiting the VIA to give a lecture in 2011.

> <@l33t_bit:matrix.org> Server logs can easily be avoided using a vpn, let alone tor.

* Gavin Anderson talking about visiting the CIA to give a lecture in 2011.

I'm sure the CIA were interested in knowing who Satoshi was. Having a way to transfer funds around without banks would definitely be on their radar.

spooky

Still, there is a difference between the CIA knowing who he is and a bunch of sycophants at the WEF knowing.

But even if the CIA does decide to "influence" him to influence the btc community in a negative light, I still believe that him being anonymous reduces the effectiveness of such a strategy.

Calling it now Hidden_Meaning is the real Satoshi

<l33t_bit[m] "Calling it now Hidden_Meaning is"> Go and watch Adam Backs response to being asked if he is Satoshi. Then see if you still think it's me.

Or if you want the abbreviated evidence then listen to John McAfee : youtube.com/watch?v=BoxDiCGjFA8

<Hidden_Meaning[m "Or if you want the abbreviated e"> It's a joke btw.

Though I withdraw my point about someone actually putting effort into concealing the identity.

Granted, I still think Creating an alias was a good move.

Hidden_Meaning: being satoshi is now confirmed

It was brilliant.

Yes, FWIW psuedonames don't really prevent coercion. There are a number of hackers who have been coerced by the FBI to work for them

<l33t_bit[m] "Now that Hidden_Meaning mention"> That’s true, it’s also Bitcoin Jesus’s claim to BCH… still makes me perplexed how digital crumb trails even seems sound to people.

<xmrscott[m] "Yes, FWIW psuedonames don't real"> But influencing public consciousness is different.

You’d think there would be enough men and women that lie to their spouse to make monero surpass BTC and all public block chains….

Sure, something like the MLK Suicide Letters by the FBI won't have as great a leverage, but there's pretty much always going to be leverage

* Sure, something like the MLK Suicide Letters by the FBI won't have as great a leverage, but there's pretty much always going to be leverage whether it's lighter sentencing, etc

Just harassment itself can be a pretty strong motivator

<xmrscott[m] "Sure, something like the MLK Sui"> I’d be more worried about my kids getting kidnapped. Leverage can be intense. Especially if govt is rogue or they deploy rogue actors like organized crime.

<xmrscott[m] "Sure, something like the MLK Sui"> My point is not that they can't harass him, it's that he can do less damage if they do harass him. If someobody came forward tomorrow saying they were the real satoshi and you should all accept bitcoin KYC and KYT, it wouldn't hand the same effect as someone people aleady trusted doing the same thing.

I could be Jesus and if he asked me to do al that I’d tell him to piss off.

True, but I don't think the FBI is that overt generally anyways with manipulating people like that

<xmrscott[m] "True, but I don't think the FBI "> No, but I know a dozen organizations who are.

If it's adoption at some level they've pretty much always been boy scout-ish w/ the plz adopt clipper chips or the trying to strong arm Apple in court over encryption

<xmrscott[m] "If it's adoption at some level t"> Oh yeah, with private companies, it's basically do this and don't tell anyone or we destroy you.

<xmrscott[m] "True, but I don't think the FBI "> School of America is real. Graduates is a who’s who of authoritarians and drug dealers.

But with individuals, it can be something as simply as not getting invited to dinner parties anymore.

Building on the question from roberts6 from earlier, does anyone have thoughts on South American adoption of BTC?

<Hidden_Meaning[m "Building on the question from ro"> The state provided wallet is likely spyware.

☝️

Authoritarianism is strong

And now those govts even mine.

Like they validate transactions LOL

👀👀👀👀👀👀

That is the plan.

Know everyone's wallet address.

Control over 51% of the nodes.

Never sign transactions that aren't kosher

Governments could even inflate bitcoin if they control all the nodes.

20-30 years from now.

World central bank announces quantitative easing.

Bitcoin farms are ordered to double spend government transactions.

BOOM

I just keep thinking I don’t want men with guns showing up at my door. So I try not to use digital breadcrumbs to my door. Just in case govt wants to violate me.

Same shit, different tech.

* Bitcoin farms are ordered to allow double spending from government transactions.

The admins should add the trading widget so we can look at monero charts when weee in this chat

Although I guess it’s on the markets room…

yeah, why that kind of future of bitcoin isn't obvious due to asics is beyond me

you'd still need one country with >50% hash power for that, no? And doesn't double spending necessarily mean defrauding somebody else? Like, sending them coins then rolling back the blockchain and replacing that TX with a different one.

it's not a way to print money afaik

well the point is that they'll control consensus, so they don't have to double spend, they just print more bitcoin

remember that thing where those in power can change the rules to favor those in power?

China had +70% of worldwide hashrate until recently, and most in a single region. So not only it's easy to imagine a country having more than 50%, but it has been the state of play for a while already

Recent estimates were 65% of physical miners, and 94% of pool hashrate total in China before this ban.

Will be interesting to see how that changes afterwards and who becomes the dominant country for mining moving forward.

don't know about estimates, but BTC block time averages to 15 minutes now, so 33% lost

Yeah, current estimates on diff adjustment are -27% down

* Yeah, current estimates on diff adjustment are -27%.

sethsimmons: hey, just wanted to say I really like your blog. I learned a lot about Monero and Bitcoin, as well as Android privacy roms. Thanks a lot!

<lockhead[m] "sethsimmons: hey, just wanted to"> Glad to hear it! Just a heads up, most of my free time has switched focus from writing for the blog to my podcast, optoutpod.com, which is in a similar vein.

I'll add it to my rss reader, thanks!

sorry for the off-topic btw, I just randomly saw you chatting in here as I was reading your articles lmao

<lockhead[m] "I'll add it to my rss reader, th"> Hope it's helpful, and feel free to reach out with any feedback you may have! It's not really cryptocurrency centric ATM, but Season 3 will likely be almost entirely focused on privacy + cryptocurrency, and Monero specifically.

I love both, so I'm sure I'll like it

the general fund report is online on getmonero: getmonero.org/2021/06/24/general-fund-2020-2021-report.html (was already published on reddit)

The incredible Monero community has donated 14,788XMR to development and projects surrounding Monero over the 4y since the start of the CCS, which is awesome to see:

* The incredible Monero community has donated 13,898XMR to development and projects surrounding Monero over the 4y since the start of the CCS, which is awesome to see:

(had to remove the Monero Tesla funds from the calculation 😅)

😆