I was really kind of surprised to learn how traceable BTC is. I knew the transactions were public but it was some videos I saw about Monero that really drilled in what the implications of that are in a world where the IRS is sniffing around exchanges and the FBI browsing the Blockchain.

So now I’m wondering why people even care about Bitcoin if the one feature it needs to have in order to be a currency that stands outside of institutional and government control.

And frankly I feel kind of duped because the Bitcoin gospel is so tied up with how private and subversive it is.

Anyways I’m here to learn.

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    1 year ago

    Welcome!

    The first time I used BTC I knew immediately something was missing. The second time I used it I knew the ‘mixers’ recommended for privacy were also inefficient. That’s about when I stumbled onto Monero and I haven’t bothered with other cryptos since.

    We’re all also learning all the time. If none of us put any effort into growing our understanding of money, decentralization, or privacy we wouldn’t have ended up here.

    Anyways, welcome again and ask questions if you have any! Even if no one here knows the answers it may at least be a good discussion and someone will be able to point you in a helpful direction.