big deal, and fascism. NATO colonies copying the fascism is to be expected. Spirit of 2nd amendment is spirit of right to resist.
Patriot Act’s name is meant to distract from fascist powers within it, and while bitcoin is not super anonymous if you use techniques that are now recommended to “crackdown”, there is improvement.
Bitcoin’s superiority over gold is the ability to move to a more welcoming jurisdiction without border confiscation, or luggage weight, concerns, and so US/Colonies crackdown on “definancialization rights” may well lead to wealth drain from the empire.
What the blunt
It’s my understanding that Monero actually provide anonymous transactions.
Yes? But who own monero? And it’s verification nodes? Might end up centralized like btc and eth
To be fair, the author has a good point, but we knew this was coming, and Bitcoin did nothing to prevent it. Monero, however, did.
what did Monero do to prevent it?
It doesn’t need mixing because the protocol itself hides the sender, the receiver, and the amount as due course.
This stuff is basically banning any privacy-preserving technology on a public blockchain, like Bitcoin, since it has no privacy by default.
Surveillance state adds suveillance🙃
I know right! I’m in shock. /s
As reminder crypto are being centralized so it is looking more like traditional finance. Coinbase holds over 12% of all Bitcoin and 11% of staked Ether.
It’s the equivalent of farmers voting for trump and getting screwed over, Bitcoin bros are next in line
I think most Bitcoin bros just care about the line going up; not about privacy/freedom. Trump and those around him are getting insanely wealthy from crypto in general.
“bitcoin bros” who use custodial wallets and “bitcoin bros” who do high-frequency trading on Coinbase are not the same people. This is not good news any way you spin it, just further consolidation of power.
it’s never lupus lookin ass
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