Thread 105982130

>destroys your entire worth and crypto as a concept since it can never be private as you will always rely on the system

It seems like crypto really is destroyed as a private digital currency. Is crypto dead? It's not better than the USD and in many cases it's less private because at least you can buy prepaid debit cards in america with cash.

What part of permissionless don't you understand. I can buy a kilo of heroin with Monero on the darkweb right now and it will arrive by Monday.

laundering prepaid debit cards into cash and back takes much more fees than just using crypto.

>>105982144
Where did you get the monero though? You didn't do it privately.

Even if you bought bitcoin you had to use KYC somewhere

>>105982201
KYC. Its about privacy. Crypto isnt really secure. I think theres giftcards? Or mining with monero if you're a richfag with 10 asics or something but other than that it's garbage.

>>105982216
You can buy from someone in person and pay cash.

>>105982130 (OP)
crypto has value as a reserve currency, it's utility to organized crime is not a factor

>>105982231
>gets robbed and $1000 stolen by masked nogs or mexicans

LOL try again. Maybe in poland or something I'd trust crypto trading where it's all white in person.

>>105982130 (OP)
The line goes up fags will keep falling for it.

>>105982252
Bro, they're already kidnapping guys left and right and bashing their skull until they get the seed

>>105982252
Retard

>>105982283
Back to mexico jose, whites and I just dont see you as american just like blacks

>>105982233
Crypto’s one and only actual function has always been laundering fiat currency

>>105982216
>You didn't do it privately.
Lies

>>105982130 (OP)
It was never alive, it's just gambling and FOMO.

>>105982268
The days of mooning are long gone for Bitcoin.

>>105982422
So how did you do it?

>>105982468
You can't buy or trade monero. It's effectively a dead economy.

Defeats the entire purpose of it because you have to use a bank account or some form of KYC to actually buy BTC to swap to monero. Or buying monero off kraken

>>105982485
That is not true.

>>105982130 (OP)
You got it reversed, all your wealth in crypto is secure *until you move it into a bank*. Crypto is fine and doing what it is supposed to, whereas banks/governments have gone full 1984 and want to know every little thing you have done and will do lest they steal your money.

In other words? Hold sUSDS instead of MMFs, thank you for this TED talk.

>>105982502
Well explain to me how someone would do a transaction of $1000 in BTC or monero with no KYC.

>>105982130 (OP)
The conclusion to kyc means the money user ultimately bears the sins of those that make the money.

Nemo punitur pro alieno delicto and kyc dont mix. Kyc is an artefact of lazy law enforcement.

If removal of kyc is unnegotiable, money itself should be put to rest

>>105982523
>user signs a transaction stating they are giving $1000 of BTC to another user
>user broadcasts this transaction to various nodes
>10 minutes later
>transaction is included and now part of the blockchain, other user now has $1000 more of BTC
no KYC required...

>>105982513
You can't move your USD out of your bank

>>105982542
Which service provides this?

Bisq? Full of scammers lol especially over $500

>>105982523
Retoswap

>>105982513
> all your wealth in crypto is secure *until you move it into a bank*

Yeah, too bad your digital Chuck E Cheese tokens aren’t worth jack shit until they’re exchanged for dirty filthy fiat currency

>>105982577
Zelle gives away your full name and bank when sending, Its KYC. For all you know it could be a federal agent on bisq or retoswap storing your name.

>>105982621
You can pay cash

>>105982617
Thats a regulatory issue not a tech issue

>>105982630
>just let me pay by pigeon carrier bro

LMAO the "crypto" economy is dead lmao. There is zero privacy.

Thats why it fails.

>>105982216
>Where did you get the monero though? You didn't do it privately.
>Even if you bought bitcoin you had to use KYC somewhere
This rofl, cryptosissies ITT cannot refute this

>>105982641
Tell me how well Bitcoin adoption has been going over in El Salvador

>>105982572
Anon this is the entire point of BTC and any other cryptocurrency, if you have BTC you can send it to anyone without trusting any single middleman. Bisq, Retoswap, Coinbase, etc are all essentially middlemen between free, real, unmodifiable, digital money (BTC, ETH, USDC, etc) and controlled, fake, modifiable digital money (USD, EUR, JPY, etc).

>>105982654
Even if you use a family member they still are traced back to you.

Even if you use zelle It's traced because of your bank account and name on your bank.

Even BTC atms require ID which is again the highest form of

There's no real way to get crypto with cash.

Meanwhile in any sort of collapse or economic hardship, silver and gold will be skyrocketing in price and its fungible.

People dont hoard ammo because there's lots of different ammo. People don't hoard food because it's perishable. People don't hoard water because its for personal use.

>but muh fake silver
There's devices that can test this easily, you can use acid test, magnets combined which takes 2 minutes with a little kit.

>>105982712
But to get it you lose all privacy, defeating the entire point of BTC and monero to a large extent.

>>105982712
This nigga thinks his libertardian WoW gold isn’t controlled, fake, and manipulable

>>105982661
Not sure, never been there, its technologically feasible though, so its a govt issue, not a tech issue

>>105982719
Privacy can be gotten back through a mixer/coinjoin, but mind you this is illegal under the law and will get you arrested for money laundering (welcome to our modern world!). In the case of Monero, that entire blockchain is essentially an automated mixer so privacy is innate, and thus holding and sending Monero can be construed (but hasn't yet) to be money laundering and illegal (welcome to our modern world!).

Outside of the non-mandatory privacy loss, you have the more important features which is self-custodial sovereignty, free and trustless transactions between parties, and in the case of ETH and other smart contract chains, a trustless distributed virtual machine (which can do things like have decentralized exchanges between tokens for example).

If you have $1000 in the bank, the bank can arbitrarily steal it by freezing your account and the feds can arbitrarily seize it. If you have $1000 of BTC, only someone who has the private key can take it. If the feds want your bank money, they can just take it. If the feds your BTC, they have to actually compel you to give it to them.

>>105982761
>If the feds your BTC, they have to actually compel you to give it to them.

Surely that could never ever happen, not in your paranoid lawless libertarian fantasy world

>>105982788
Are you deliberately being obtuse? Of course it fucking happens, and the point is the fact that happens rather than the money just being deleted from your bank balance. I swear, most people don't realize all banks are are glorified ledgers and none of the numbers you see are actually real. It's literally all fake, just a random integer in a SQL database. Cryptocurrency on the other hand is secured by some form of sybil-resistant consensus, it is an integer in a database that costs an inordinate amount of money to change. That integer, by its very cost to change, is substantially more real than the integer the bank can freely change at no cost.

>>105982837
>That integer, by its very cost to change, is substantially more real than the integer the bank can freely change at no cost.

And that's why I will never work, because It's all fake.

The bank could put 1 million USD, change my life, I would get everything I've ever wanted in my meager existence, nothing would be affected in the world. That is proof working is fake. Its not real labor.

>>105982837
Cryptocurrency by itself has no real-world use. It’s a software toy, it’s as real as money in a video game. It’s only actually useful once it’s converted into your fake fiat currency. There is no community of people who all exist entirely outside the monetary system, having spent every last cent on crypto, and who only transact with one another in crypto.

>>105982946
If such a community did exist it would be destroyed by whatever government rules the territories it lives in. Anyways, since fiat is all fake and gay but crypto is real, the minimum you should do is convert the majority of your capital (or at least a substantial percentage) into cryptocurrency such that you ensure it remains yours. Keep the remainder you need for bills, food, etc in fiat.

>>105983008
>convert the majority of your capital (or at least a substantial percentage) into cryptocurrency such that you ensure it remains yours

Yeah until another huge exchange or stablecoin issuer implodes and nukes half of your net worth overnight. Very cool!

>>105983046
Exchanges are just crypto banks, if you "hold" your crypto through an exchange its not yours. Not your keys, not your coins.

Also USDC, USDT, DAI/USDS, and other non-ponzi stablecoins are perfectly fine. With the GENIUS Act passed, you also have priority in bankruptcy proceedings now as a stablecoin holder over all other debts the issuer has, to quote,
> if a payment stablecoin holder is not able to redeem all outstanding payment stablecoin claims from required payment stablecoin reserves maintained by the permitted payment stablecoin issuer, any such remaining claim arising from a person's holding of a payment stablecoin issued by the permitted payment stablecoin issuer shall be a claim against the estate and shall have first priority over any other claim, including over any expenses and claims that have priority under that subsection, to the extent compliance with section 4 of the GENIUS Act would have required additional reserves to be maintained by the permitted payment stablecoin issuer for payment stablecoin holders.

>>105982946
It does exist but its not really happening in north america.

It only happens in islands in portugal, places in spain, small euro countries like netherlands, etc.

Americans nowadays are low IQ foreigners and most whites living in america are sheep normies that are the most braindead lemmings known to exist.

All they know is drive car, go to wage job and eat fast food. They know nothing else. The average american is a slave prisoner pretending to live a normal life. A man in portgual or spain in a coastal city has a 1000x better quality of life.

If anything this video shows how negative and destructive america is as a country.

https://youtu.be/PO2EsDytwjY

>>105982449
1. Offer some good or service for XMR
2. Cash by mail
3. Gift cards for XMR
4. Acquire another crypto currency through a non-kyc exchange and then swap it or sell it to someone for XMR
Four different, easy ways to get XMR without having to mine anything. Enjoy.

>>105982268
>what is liquidity
Good luck cashing out dumbass.

>>105983096
>Exchanges are just crypto banks, if you "hold" your crypto through an exchange its not yours. Not your keys, not your coins.

FTX and Celsius’s collapse cratered Bitcoin’s exchange rate for everyone, not just their customers

Also, USDT is literally a couple of super sketchy dudes in the British Virgin Islands who have never been audited, who print a billion new stablecoins every other day, and who have been repeatedly linked to organized crime and sanctions evasion, and somehow none of those look like red flags to you?

>>105982216
>Buy crypto into wallet you publicly own
>Transfer it into wallet with no official ties to your person
>If anyone asks just say it was a sale, purchase or donation and you don't know who owns the other wallet.

>>105983191
>FTX and Celsius’s collapse cratered Bitcoin’s exchange rate for everyone, not just their customers
You don't have to hold Bitcoin

>Also, USDT is literally a couple of super sketchy dudes in the British Virgin Islands who have never been audited, who print a billion new stablecoins every other day, and who have been repeatedly linked to organized crime and sanctions evasion, and somehow none of those look like red flags to you?
Tether is shady as sin, but they have honored every redemption and minting without issue and have frequent attestations by BDO Italia. If Tether wishes to remain in the American market, they are going to need to get an audit in the next 3 years per the GENIUS Act as well, so we'll see if they finally get audited or not in the next 3 years.

>>105982130 (OP)
they cant know what you bought with xmr even if you did provide kyc though

>>105983352
True, it's the same as withdrawing cash from an ATM, once it's out of the exchange it's impossible to tell what happens after that

>>105982216
>Where did you get the monero though? You didn't do it privately.
If monero is so private, can't it just be send to a second wallet?

>>105982572
nigger do you even know how crypto works? peer to peer permisionless transactions means no centralized service required. just one wallet sending to another wallet. done. and if you want to do it privately use Monero.

>>105983534
Yes

>>105983855
Does this mean that KYC is a moot point for monero?

>>105984083
Yes

>>105982485
You're a fucking moron. You can just buy Monero anywhere and spend it however you want, and if there's KYC, that does not link you to where the funds will eventually end up going. Privacy exists for this very purpose.

>>105982130 (OP)
we need a revolution

>>105982468
/thread
this is all just bitching about bitcoin

>>105982216
>Where did you get the monero though? You didn't do it privately.
literally just make two local wallets, buy monero while getting assraped by jews, then transfer it to the other wallet, there you go, pure clean monero
this doesn't work on bitcoin because you can trace accounts and all their transactions publicly, but monero doesn't work like that

>>105984248
>>105983534
dont even need to transfer x times shuffling wallets that's a waste of time. buy it as an xmr and use it

>>105982130 (OP)
>another trust me bro we can definitely deanonymize anyone (((NGO))) scam
Go ahead tell me how much this transaction is, who it's coming from and who it's going to, as well as of course which blockchain.
e7e456df0cc443cd647b01ca0930bb9847c916ba86d1ce7842244ed078679377

>>105982661
theyre making money off it but are not using it as a currency. A lot of people in el salvador dont even have internet.

>>105982130 (OP)
>get btc with kyc
>swap to monero
now what taxchuds

>>105982130 (OP)
>makes you rich
>keeps scammers at bay
LMAO

>>105982216
>Where did you get the monero though? You didn't do it privately.
It doesn't matter, it's not traceable further.
Also decentralized exchanges do not have KYC.