XMRpriest
Saint Matthew The XMR Collector

In a hypothetical situation, if Bitcoin were to become the new reserve currency. How would we prevent policy control on currency over the currency itself?
Banks could still hyper leverage and manipulate the value of each coin, governments will still implement their social programs and income tax. What do we do about the current debt the country owns?
I’m just reaching out and looking for someone who has the best proposal to implement Bitcoin as the reserve currency they dream for ? Or should Bitcoins end goal be completely different? Yes a capped reserve is important but can’t solve all policy choices..

2023-02-16 16:57:28

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I also wanted to mention I appreciate our respectful and productive conversation! Not many can do such without cursing or dismissing viable solutions and goals

2023-02-16 16:51:22

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100% there are trade offs, the “bloating” of the network is caused by the UTXO set needed to be saved to be used in different ring signatures and allows for full fungibility. The culture of hard forks is always with the intention of improving privacy, security and efficiency. Maintaining these qualities of a blockchain is a cat and mouse game where governments will always improve tracing abilities and Monero needs to do the same to fight back. If a hard fork wasn’t towards those goals, I would drop it in a flash.
Bitcoin’s privacy is multistep and clunky in it of itself with coinjoin and lighting. Plus I wouldn’t be surprised that governments or chain analysis finds a way to track these coins over time due to the transparent layer 1 settlement.
Also another trade off of having multiple layers over an efficient layer 1 is a centralizing effect with larger liquidity running through a specific number of lightning nodes. And how does one keep fees high enough for miners to continue to mine on BTC when everyone is using a second or third layer and there are no block rewards.
But all in all, I definitely think Bitcoin has its place with it being the market mover, the network effect and I want to see mass adoption of the coin. I watch Bitcoin adoption videos in the third world all the time.
But monero also has its place, fully grass root underground currency that gives privacy with no apologize or excuse. People should understand the nuance and pick what coin will best protect them with there specific threat models. Monero is vastly growing and taking over dark net markets, and in authoritarian regimes, monero should be the coin of choice like Lebanon, China, Columbia, Russia… telling people that Bitcoin is uncensorable and not teaching people the proper ways to maintain privacy is a disservice and puts people at risk.

2023-02-16 16:06:29

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You just scream to me intolérance and ignorance… last time I’ll see your posts, cheers

2023-02-16 16:00:49

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Currently a topic of discussion, may be a project on the way. I know someone is building a monero social media on a different decentralized platform called Activity pub. You can subscribe to different profiles for monero there but Nostr will be next

2023-02-16 13:26:07

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Thank you sir 🍻 greatly appreciated

2023-02-16 13:20:31

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2nd day on the app! Want to see if this can replace Twitter long term

2023-02-16 12:31:42

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I appreciate it my guy 🍻 !! Miss my gifs on this app lmao

2023-02-16 05:12:09

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I hope someone does 🤞🙏

2023-02-16 05:07:03

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Also I did find myself in there directory so that’s a relief just now a little more annoyance

2023-02-16 05:05:27

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How do you start a DM? Needs to be through a profile ?

2023-02-16 05:00:43

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Okay I gotchu, probs reach out in the morning for help in support but at least I’m verified and seeing your account was what motivated me to get the nostrpurple link haha

2023-02-16 04:57:26

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No it doesn’t log me in, I think it’s a problem with no cookies on the private safari browser. May just contact support, when you look at my profile, does it say I am verified ?

2023-02-16 04:53:57

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That’s the problem, I was not redirected 🥲

2023-02-16 04:38:07

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I guess the confirmation should’ve been a password and I didn’t receive it.. what should I do ?

2023-02-16 04:09:31

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Agreed. I think Nostr will get there but I want more subjects then just Bitcoin.. but hopefully will get there

2023-02-16 04:04:01

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Which server are you using ?

2023-02-16 04:02:27

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2023-02-16 03:41:33

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Thank you sir 🍻

2023-02-16 00:53:04

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Till coinjoin and lightning becomes used by the masses and is easy for any Bitcoiner, monero will be the easy of use and fully private transaction for digital cash

2023-02-15 22:20:39

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Here you are my good sir!! Glad to see you are here

2023-02-15 22:03:33

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I have a domain for a website I use or is it a specific domain type? But I’ll also check out NostrPlebs

2023-02-15 21:56:16

How does one get NIP verified

2023-02-15 21:53:13

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Agreed

2023-02-15 21:53:03

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What’s so cool about the new bing search ?

2023-02-15 21:41:39

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You are amazing sir, greatly appreciated

2023-02-15 21:37:32

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I guess I can post an invoice with my blue wallet but not in the account settings

2023-02-15 21:36:57

lnbc82940n1p376n5gpp5afpdm8njr2lkl67qqplwjmqc4us4vnhhpc2sw7vgl3z4q93p4hzqdqqcqzpgxqyz5vqsp5hww5qlydh8sxrn04dxxgyx35q6jfm5kkluzx3enrfvmuyygw927q9qyyssqk32khzk80f4jpvczf9t9nrt892zgkpaxhwpg47m5jgx3tyx5tftka560jsae9yu342qf6550fdzqjyardeaec2tf0a7z93z5jqfhpcgp6xvep8

2023-02-15 21:36:43

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I still haven’t set up my lightning channels on my umbrel node or Zeus wallet, so my blue wallet won’t work? And I can open a wallet of Satoshi account

2023-02-15 21:31:39

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Weird, maybe I didn’t set it up properly, how should I do it ?

2023-02-15 21:30:56

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Yea the gov is definitely clamping down hard on stable coins right now, scary to see how they want to rip apart the space.

2023-02-15 21:29:52

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Appreciate it, I just updated my tip button on the account my old one didn’t work, let me know if it works

2023-02-15 21:26:25

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Should have received the funds 🍾🍻

2023-02-15 21:22:24

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This was for my general information, I’m also clueless on the topic, however I was recommended a playlist to watch by BTC Sessions, this is the link of one of the videos https://youtu.be/KItleddMYFU

2023-02-15 21:06:09

Is this a bull trap ? Just feels too good to be true but keep stacking sats and monero

2023-02-15 21:04:01

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I can keep you posted on monero 😘

2023-02-15 20:09:00

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Damus feels glitchy, but I think that’s so ironic especially that when he was questioned about black markets and the decrease use of Bitcoin, he completely deflected and side tracked the question answering he didn’t know or doesn’t pay attention or he needed to do more research… just annoyed me.. His opinion meant nothing to me since he was not aware about anything on monero but wasted my time.

2023-02-15 19:53:53

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I think it did, nothings loading properly, this is why we are here

2023-02-15 19:08:58

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Ooh interesting, I remember that being spoken about on the investors podcast episode, I’ll look forward to when it’s added, idk how I would get added to the test flight

2023-02-15 18:13:16

Does anyone know where all the spam is coming from ? Which relay ?

2023-02-15 18:11:15

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I have mixed opinions about Eric, shows up on a monero podcast knowing nothing about monero while still trying to talk down on monero like it’s not even worth his time… pissed me off after the first hour…

2023-02-10 00:19:56

Anyone have any recommendations on setting liquidity channels for LN, how to do it and who to create the channels with ?