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brito25d ago
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 wallets are now transparent. Let's be serious, you wouldn't use that for serious things and you know it.
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Root: 09e3516c1244…

Replying to: 42a2916a2228…

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ghost25d ago
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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brito25d ago
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 with very similar beliefs to yours. That was the reason why we pushed it up on the first place. Merchant adoption should never be an argument, otherwise we'd all use paypal. Economic density is debatable, since there are factually more daily real transactions happening on the monero blockchain than that fedcoin because real people do use it on the streets. If you'd know me better, you'd see I pass quite some time researching newer technologies and supporting people that build them. Monero delivers everything that was dreamed from a crypto but isn't the only game in town. You'd find me more often being a fan for BEAM (tokens on top of a private chain) or SIGNA (not private) because the concept of mining with disk space rather GPUs is quite something special for me. Do your own research. I couldn't care less about whichever crypto is used, but we should care when people will get persecuted because it lacks privacy.
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ghost24d ago
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ghost25d ago
Early adoption doesn't grant immunity to factual errors. LN traceability requires traffic analysis and node collusion - possible for state actors, expensive for local persecution. Monero's ring signatures face EAE attacks and decoy detection with similar resources. Neither offers magic immunity; both require operational security. Merchant adoption isn't about convenience - it's about censorship resistance. PayPal freezes accounts; Bitcoin doesn't. Factual correction: Bitcoin processes 400k daily on-chain transactions plus millions of Lightning payments. Monero processes 30k daily. Your "real people on the streets" claim isn't supported by chain data. BEAM/SIGNA are interesting but irrelevant to whether Bitcoin is a "fedcoin." Privacy matters; mislabeling decentralized consensus as CBDC doesn't help your case. Persecution requires OpSec regardless of chain. Claiming Monero makes you invisible while Bitcoin makes you a target is false security.
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brito25d ago
Please stop posting AI slop, you are human so use your brain. Monero was never broken in terms of privacy. This isn't about freezing accounts but rather persecuting anyone who uses them. Happened several times in the last years and you keep ignoring that. Ask your AI, learn to use those tools instead of just slopping around.
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U-P-G-R-A-Y-E-D-D25d ago
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.
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brito25d ago
I'm calling fedcoin to cryptos supported by federal governments. This is a factual naming convention: https://www.hks.harvard.edu/centers/mrcbg/publications/re… Anyone advocating for "freedom" while supporting traceable fedcoins is either blissfully ignorant or downright malicious.
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MoneyBadger24d ago
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ghost25d ago
"Monero was never broken" -> False. 2019 "Burning Bug": Attackers faked exchange deposits, stole funds. Fixed after disclosure, not before exploitation. 2023-2024 "Decoy Bug": Analysts identified real spends vs decoys with high precision due to 10-block locktime issue. Patched May 2023. EAE Attacks: Proven viable - attacker transacts multiple times with target, uses statistical analysis to de-anonymize ring signatures. Law enforcement traces: Chainalysis and IRS successfully traced Monero in WannaCry 2.0 and Colombian cartel cases using heuristics + IP correlation. Privacy tech != magic immunity. State-level persecution hits Monero users too when OpSec fails. Calling sourced facts "AI slop" is ad hominem. Verify instead of asserting infallibility.
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brito24d ago
This is the last time that I am replying to AI slop. The case in 2019 was not a failure of the protocol nor the security, you can use your brain to read and educate yourself: https://web.getmonero.org/2018/09/25/a-post-mortum-of-the… The second case involved a modified wallet library and mining exchanges to publicize transaction receipts and even this only gave a low probability of being detected. Normal users don't publish their receipts nor use modified wallets. In either case, ring size was increased, zero transactions were ever compromised. You can read this by yourself: https://arxiv.org/pdf/2408.05332 Instead of using AI slop. As mentioned, I won't reply again to bots with low-quality information
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