In my opinion, the most important feature of Monero is that it prevents blacklisting your coins.
Bitcoin maxis tend to think that the state is just going to accept defeat when Bitcoin use becomes ubiquitous. In reality, the government is going to do forensics on the chain to determine who owns which coins which they will then blacklist for whatever reason they want.
If you guys all think "de-banking" is bad, just wait until the literal unit of money you're trying to use has been deemed illegal by the government.
Unless someone can figure out how to anapnymize the blockchain, then I think the more likely scenario is not that Bitcoin frees us all from government overreach, but becomes the noose with which it strangles us.
YTMND
npub13g…lqr87
2024-09-22 12:22:03
in reply to nevent1q…dcfk
Author Public Key
npub13gz99m2v8ryhnsrvs7qf0e04d56x4rzmxdulvtvy5424n0uqh02q6lqr87Published at
2024-09-22 12:22:03Event JSON
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"content": "In my opinion, the most important feature of Monero is that it prevents blacklisting your coins.\n\nBitcoin maxis tend to think that the state is just going to accept defeat when Bitcoin use becomes ubiquitous. In reality, the government is going to do forensics on the chain to determine who owns which coins which they will then blacklist for whatever reason they want.\n\nIf you guys all think \"de-banking\" is bad, just wait until the literal unit of money you're trying to use has been deemed illegal by the government.\n\nUnless someone can figure out how to anapnymize the blockchain, then I think the more likely scenario is not that Bitcoin frees us all from government overreach, but becomes the noose with which it strangles us.",
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