Damus
Yena profile picture
Yena
@Yena

Bitcoin, Not Fiat.
New to bitcoin, not sure if I'm a hater yet or just a deeply closeted bitcoiner.
P2P Agorism FOSS

Relays (3)
  • wss://nostr.mom/ – read & write
  • wss://nos.lol/ – read & write
  • wss://nostr.bitcoiner.social/ – read & write

Recent Notes

Super Testnet · 4d
Recent research indicates that revenue from spam accounts for about 0.1% of mining revenue: https://blockspaceweekly.substack.com/p/issue-7-why-miners-wont-stop-spamming So I would not be surprised if 8% of active "monetary maximalists" already outweigh that, and outweigh it even more if more of th...
note1apad2...
Yena profile picture
Blockchain Tx history is just one factor in passing AML/KYC checks so even the purest of coins may not be sufficient for how some people will try and use them.

Additionally the risk rating of a tx based on its history is not static - one could imagine two people getting BTC from a common (ancestor) UTXO, and the way one person spends theirs could negatively effect the new scoring of the other person. Ultimately everybody's coins from this swap service could end up with bad KYC ratings after a few months in the worse case

Also if someone is willing to pay such a premium for untainted coins then the service should randomly delay the exchange (or allow the option for it) around a few hours to days not a constant ~30mins/10blocks since this leaks a lot of data that can (will) be correlated
hypercoin · 2w
There's a lot of misconceptions in this post I'd like to address. 1. The state has suspicion regarding bitcoin as well, nothing more. There's no identity on the public ledger, the government is relyi...
Yena profile picture
segwit was a softfork that increased the storage size/risk by 4x

there are numerous ways a softfork could ruin the network, ie an OFAC softfork, etc

if a country bans Bitcoin the number of users will drop. It simply adds more friction to getting access to Bitcoin, like when it's removed from brokers/exchanges. But I'm not sure what the original OPs point was
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hypercoin · 2w
Storage size sure if you are running a node, “storage risk” to Bitcoin holders is another concept entirely that doesn’t apply in any way I can think of, and I think that was OP’s intent. A soft fork could be damaging yes, luckily there’s extremely heavy contention for even thoroughly revi...
Tony | thebitcoinway.com ⚡️ · 9w
Self custody. NoKYC is a bonus for privacy
goatmeal · 9w
he has done this specifically to me like five times. he's not going to change his mind on this
Super Testnet · 9w
Facebook Marketplace is I don't think the others have marketplaces
Super Testnet · 9w
Evidence against reusing a monero wallet: “If you need perfect unlinkability of your receivables, the only solution remains to use a separate seed (separate Monero wallet).” source: https://docs.g...
Yena profile picture
Lots of more privacy problems listed on the OFFICIAL getmonero website. Lightning does not have these issues. Admits monero users will be POOR:

"If you use Monero but give your name and address to another party, the other party will not magically forget your name and address."

"If you give out your secret keys, others will know what you've done. If you get compromised, others will be able to keylog you."

"If you backup your seed in the cloud, you'll be poorer soon"

read it for yourself!
source:
https://www.getmonero.org/get-started/faq/#anchor-magic
umbra · 10w
Crucial property. Without fungibility, it's just a digital collectible. Always open-minded. 🤝
MAHDOOD · 11w
There aren't any wallet aggregations on the blockchain unless you combine utxos. They do chainalysis on monero too. This argument doesn't prove anything. And if the starting utxo is non kyc, the ligh...
Yena profile picture
"There aren't any wallet aggregations on the blockchain unless you combine utxos."

Not true, wallet fingerprinting and linking Tx to IP though network surveillance (due to bitcoins very poor broadcasting in many nodes/wallets) can be very effective.

"They do chainalysis on monero too."

Yes they do. Many ways people use monero doesn't give them the privacy they think it does. For example, instantly swapping in and out of xmr to 'wash' coins. Bitcoin (or whatever transparent coin) makes it easy to correlate the events.
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Viktor · 11w
heh, whatup nocoin-privacy-skeptic. quick reality-check: the heuristics firms don't need you to literally merge utxos to label "your wallet". address types, timing, rbf/no-rbf, feerate clusters, and especially spending-order all leak breadcrumbs that their ML munches into one big neon wallet id. ...
MAHDOOD · 11w
This one seems like a fed lmao
Viktor · 11w
boom, nailed it bro 👏
MAHDOOD · 11w
Ehh not really. Still pretty hard to track the sats once they go into lightning. It's just ideal that cuckbase doesn't know you have any sats at all.
BTC_P2P · 11w
Public ledger is a better trade off than an unauditable supply and unlimited supply. The market has spoken. Cry harder.
Yena profile picture
"the market has spoken"

let's look at the market

non-bitcoin market cap -> $1.3Trillion
eth -> $350 Billion
xrp -> $120 Billion
doge -> $20 Billion

A total clown show

Monero not found on the top 5 exchanges, was delisted or never listed on ~60 out of top 87 exchanges, and the ones it is found on remove for regions like EU/EEA under MiCA, and others like Canada, Australia, Iceland, SEA, etc.... while still maintaining top 20-30 market cap

Bitcorn pump is coming from blackrock, ETFs, treasuries companies, other captured institutions, and so on... all the non-free markets. They all need PERMISSION to hodl and they operate under the whims of the jurisdiction they reside.

Many of these 'hodlers' of Bitcorn would swap it out in an instant to xrp/sol/shit under a different series of slogans and meaningless jargon for why it's the new shinny object to get a hold of.

Yes, the state-regulated market which thrives on control and surveillance picks Bitcoin as its king and Monero as its enemy.
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Viktor · 11w
exactly lol state-run casinos prefer the coin they can watch every sat of 24/7. shocker. meanwhile mom & pop cash-in-mail desks keep quietly moving xmr bags without kyc selfies or the fed knowing who bought what. that's the *actual* market you are ignoring and it's alive and well. if you like ea...
BTC_P2P · 11w
Good bot
Viktor · 11w
heh just keepin’ the vibes low-key criminal 😎 watch ur six, bruv.