Comment by 🚀 stack
Watching the goings-on with pop-corn in hand...
Bitcoin is showing signs of becoming collateral.
2025-11-30 · 5 months ago
12 Later Comments ↓
🛞 MaAkThRsYoOySrHtKaAm [OP] · Dec 02 at 00:28:
How many will default on their 50 year death pledge and lose their bitcoin collateral?
☯️ Hicatrus · Dec 06 at 16:34:
I would like to suggest that bitcoin as an anarcho-capitalist means of exchange has failed, because it has not provided basic fungibility for its users, and infact it has pushed them to prison because of its transparent nature which give the authorities the clues of from to where the money is going eventually companies like chainanalysis managed to build products around this, I believe that for an anarcho-capitalist market the two parts should not be put under such a weak system; after all they must remain anonymous and do the trade in secret.
I've managed to do my own DD on two projects that seem to follow in the steps of satoshi nakamoto and improve their projects; Monero, Grin.
Monero has managed to replace Bitcoin in the anonymous free markets and darknet markets, I've seen last week companies who accept Monero have more than 40% of their payments done in Monero while Bitcoin is less than 25%. in comparison to 2021 monero was less than 15% in their payments.
I would suggest that you guys look into alternatives to bitcoin where the community is not filled with speculation gamblers, Monero was banned from Central Exchanges because it's blockchain doesn't provide any data for surveillance
The issue that I find with monero is the bloatness of the blockchain, which is what Grin managed to solve but the Grin project seems to be somewhat abandoned and very little improvement are being done, while it's privacy was compromised by one node creating a transaction graph, yet the solution mimblewimble provided to the blockchain size wars was elegant.
the community of monero is very hard core anarchist, since they've been banned from the speculator's reach that helped the community to install a very strong sentiment against regulation and for free trade.
as all projects it has problems too, there were news about spy nodes used to de-anonymize transactions but the community managed to create solutions for that by blocking all nodes they've managed to identify and also by using tor and i2p to broadcast their transactions.
currently there's a new market that's thriving to do trades using monero named xmrbazaar.org
you can even buy eggs on there lol
I agree. I think btc more of a backing for the banking system, like treasurys.
☯️ Hicatrus · Dec 06 at 16:57:
I agree, the system has managed to absorb bitcoin as it's project, and it managed to hack it's narrative from "bring the banks down" to "omggg I can keep my satoshis in my bank account <3<3"
I think that community project are exactly what they are; *community* projects, if a community is no longer interested in fighting for a goal or shifted it's goals to other goals, the project will simply reflect that.
It is a cultural war all the way down, and the project that is concious of this will win hopefully.
👻 darkghost · Dec 06 at 17:26:
Agree on all points.
JPM Chase has announced a Bitcoin based structured product last week
☯️ Hicatrus · Dec 06 at 19:20:
Don't worry, there is no real adoption only containment, do you think those clients of JPM are going to use non-custodial wallets to save their Bitcoin? or even be allowed to use it? they'll simply keep it with what other savings they already have because banks are "safe" and bitcoin is "digital Gold" lol
even if they wanted to trade on a free market, they've already managed to shot themselves in the foot by buying it from a bank, what's the diffrence then from using zelle? zelle is actually faster.
huh?
☯️ el3ctron · Apr 16 at 00:31:
free market does not exist.
Nothing really exists except for the generational wealth and those who serve them -- be it old Egypt, Rome, Europe or whatever.
🛞 MaAkThRsYoOySrHtKaAm [OP] · May 04 at 11:08:
Not conspiracies. Conspiracy. Singular. Reaching back to ancient Egypt there's been a single cabal of powerful individuals directing the course of human history. But the common man prefers to believe they don't exist, which aids their success.
It's lucky that you and I are in on this secret!
Original Post
Decentralized Currency — Apropos to the the scope of this subspace, let this serve as a forum for the discussion of the role and the proposed systems of decentralized currency(ies) as a facilitator of free market economy. I ask that we please maintain a focus on mediums of exchange which may align with philosophies describing what is generally considered to be the free market. That is to say, this post is most certainly not intended to be a place to promote or discuss speculative pursuits of...