Yeah sure, but using and accepting BTC for payments as long as you don’t offramp is almost as private… in reality the issue is, no one wants to go head to head with their tax office anywhere…

imagine buying or selling a flat in some classy city centre by transferring or receiving 8BTC… what can someone in that situation do to end the FED?
Realistically…

Question🙋‍♂️

It is not very important if people use BTC or XMR; the important part is, that they do it in every day life on a daily basis and never off-ramp to fiat again, correct?

In most countries this would be considered illegal if not reported, because transferring your Coins equals 🟰 “sell event”, which is a taxable event and therefore has to be reported …

So the claim should go like this:

End the FED

Use Monero/Bitcoin

Not your keys not your coins

Never offramp to fiat

Never mention it in your tax report

No monero fan bothered to answer me yet. So, next try…

What will we all do if let’s assume Monero gains momentum and becomes number 2 or even number 1 (in usage and/or price) and Wallstreet & Friends will just do what they did to BTC.

Print fiat and buy all the monero they need, then manipulate price and then offer paper-monero services… ETF, wrapped monero, leverage, futures etc etc…

Moneros privacy attribute can not prevent this from happening, if they control the price XMR becomes unattractive too.

So what makes monero fans so convinced that it would be off much better?

If you never off ramp in BTC, then it is also unstoppable and untraceable (keys could have been stolen…)

The real question in both cases seems to be, who is really ready to break his/her countries law by using those coins in high amounts without reporting it.

My bad! Thanks

Source please? 🤷🏿‍♀️

How so?

For standard citizens it is not atm. Let’s not forget, majority hasn’t the time to figure out tricks & ways…

100% agree 👍🏻

BTC would only be kinda private if of a sudden no one would ever off-ramp again… which we all know, will not happen.

Paper-btc is the other problem,… check Bob Kendall’s Thesis on synthetic flow/fractional reserve bitcoin.

Could some BTC Podcaster find an ex Wallstreet person that could explain us step-by-step how this is done and why it works each time (Gold, Silver, Oil, Wood,…), and why they would manipulate the price downwards sometimes, but sometimes also upwards?