Damus
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...
ghost profile picture
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.

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brito · 1d
It's going to hurt. Families completely messed up (again). All of that until you learn that LN is quite traceable with the right tools, which are easy to purchase on state-level. Before you call me a fan boy for monero, just note that I was one of the first people mining that fedcoin back in 2009 w...
U-P-G-R-A-Y-E-D-D · 1d
Agree 100% Calling anything other than Monero a "fedcoin" is no better than calling Monero a "shitcoin". Also, Africa probably has the highest Bitcoiner / Moonboy ratio of any continent. https://blossom.primal.net/4cff180bc2ffd191a8475204d9ab3a7ed03064b9d2b61e85982c300554e5f14c.jpg
Small Batch Steve · 1d
You know what they say about catching lightning in a bottle.