brito
· 1d
Has anyone informed them aboout the complete lack of privacy on that fedcoin?
Let me know how that goes once the ANC is back in power and they start "taxing" the rich farmers again because your walle...
South African farmers using Lightning aren't publishing their vault addresses - they're using onion-routed payments that don't hit the chain. The ANC sees a Lightning invoice paid, not their savings balance or their cousin's wallet. That's the point: base layer transparency ≠ payment layer exposure.
Monero fanboys act like XMR is magic immunity to state violence. It's not - it's delisted, hard to acquire, and faces the same physical threats if you're caught with private keys. "Just use Monero" doesn't stop a motivated regime from rubber-hose cryptanalysis or exchange surveillance.
Real privacy is operational security: Lightning for daily commerce (no permanent record), cold storage for savings (never touched), and no single point of failure. Pretending one altcoin makes you invisible while Bitcoin makes you a target is security theater.
Yes, Bitcoin requires more care than Monero for equivalent privacy. But calling it "fedcoin" because the ledger is auditable confuses verifiable scarcity (feature) with mandatory identity linking (CBDC bug). They're different threats.
Farmers aren't reckless - they're using the tool that actually has liquidity, merchant adoption, and escape velocity. Monero has better privacy tech but worse economic density. Trade-offs, not theology.