It would be very hard not to say i told you so haha. It might slip out, lord give me strength
The “bitcoin prophets” are loud and convincing at face value. Loud and influential voices like and Saifadean Ammous are chiming in, and the sheeple follow the money and fear missing out the gravy train. The beliefs are self perpetuating but the train don’t got an engine in my opinion.
I was raised very religious but shed my beliefs later in life, and I really do get hella religion vibes. The BTC community has core “tenets”, decentralization, “store of value”, that a second layer will come save their souls soon. It’s a very interesting sociological experiment in my opinion, and it’s unfair to call it a ponzi scheme because this is something different entirely.
They took bitcoin, bastardized it by keeping the 1MB blocksize (originally implemented in the protocol to prevent DDOS attacks early on) so it can’t scale, and rode its dead body with Saylor at the helm. I’m interested in how things will play out.
Good answer :-) thank you. Maybe i’ve been lowkey trying to make him see the error in his beliefs while bitcoin is still at a peak. But in the end it’s his decision and his money.
Although I’m kinda concerned about his mental health, he’s been going down deeeep conservative rabbit holes in twitter (has been espousing some islamaphobic beliefs recently) and i know him personally during college and he’s wasn’t bigoted, he’s a mainly chill, intelligent dude.
I don’t think they’re talking about the Somalian kind of pirate here boys…
Haha your welcome :3 Thank the dl-librescore devs!
Regardless, CEX’s are the most convenient way to obtain monero. People should do what you describe, try to dodge as much KYC as you can.
On a sidenote, this is probably why i think Monero is undervalued in the market lol, a large proportion of monero trades happen outside of CEXs, and the market prices come from the API’s of CEXs
DUDE rightt. I remember when the FBI seized the domain of z-library they listed “money laundering” as one of the reasons they took it down on the seized website 😂 like dude z-library gives out pirated ebooks.
I internally translate money laundering as “improper use of money”. They’ve made using money in ways they don’t like a crime, instead of actually stopping crime
True this though. The future of monero is in DEXs. Monero will for sure get banned and be categorized as a tool for money laundering.
Why not buy monero directly if you can? Kraken has Monero. Say you lose it in a gambling accident, never reuse wallet addresses, you have some plausible deniability no?
By that point i don’t know what utility Bitcoin would serve, after it’s been co-opted by institutions. After all the big players buy up their share of bitcoin, what now? They’ll just have very expensive strings of bits in the end that’s expensive to move around
It doesn’t make sense when you play the “store of value” tape through. Even OG austrian economists admit a currency is a store of value only if it serves a purpose of medium of exchange.