This picture was in my archive dated July 10, 2019... lets try to find out which post it belongs to, shall we?
Are Governments Going Extinct?
Well that is just classic. This is also a good example of how the Hive blockchain only stores text so things like pictures and video are not immutable. It looks like I saved the pictures to a Busy server (remember Busy?). Now they are all dead links! OOPS!
https://drive.google.com/file/d/1slktEc0dNEsOsbzfLquDXdbvCSy4FI7r/view
Check out this "SUPER PROFESSIONAL" slideshow if you happened to miss this one from last year :D
Hey look at that!
Page 18: Monero
Monero (XMR) is an open‐source cryptocurrency created in April 2014 that focuses on privacy and decentralization that runs on Windows, macOS, Linux, Android, iOS, and FreeBSD. Monero uses a public ledger to record transactions while new units are created through a process called mining. Monero aims to improve on existing cryptocurrency design by obscuring sender, recipient and amount of every transaction made as well as making the mining process more egalitarian.
The focus on privacy has attracted illicit use by people interested in evading law enforcement. The egalitarian mining process made it viable to distribute the mining effort opening new funding avenues for both legitimate online publishers and malicious hackers who covertly embed mining code into websites and apps.
Unlike many cryptocurrencies that are derivatives of Bitcoin, Monero is based on the CryptoNight proof‐of‐work hash algorithm, which comes from the CryptoNote protocol. It possesses significant algorithmic differences relating to blockchain obfuscation.
By providing a high level of privacy, Monero is fungible, meaning that every unit of the currency can be substituted by another unit. This makes Monero different from public‐ ledger cryptocurrencies like Bitcoin, where addresses with coins previously associated with undesired activity can be blacklisted and have their coins refused by other users.
In particular, the ring signatures mix the spender's input with a group of others, making it exponentially more difficult to establish a link between each subsequent transaction. Also, the "stealth addresses" generated for each transaction make it impossible to discover the actual destination address of a transaction by anyone else other than the sender and the receiver. Finally, the "ring confidential transactions" mechanism hides the transferred amount.
WOW!
wow wow wow wow.
This is clear and obvious proof that the government admits publicly that privacy is the foundation of fungibility. As we all know, fungibility is the foundation of currency, so they are basically saying crypto networks without privacy features are literally not currencies because they can be tracked, blacklisted, and regulated.
It's times like this I wish I had some Monero.
Not only is it obvious that Monero works because the government legit says it does and they are worried about it, but there are many other signs as well. For example, every time a centralized exchange bans Monero this is clear and obvious evidence that it is working and they refuse to deal with the regulation nightmare that goes along with it.
Secret Service.
Did you know that the main function of the secret service is to actually protect the sanctity of USD? Yep, protecting the president is a secondary objective. Most secret service agents do not protect the president; that's probably more of an elite job I imagine (maybe not what do I know).
Check out my post from June 23, 2018
Secret Service Threatened By Privacy Coins
Yep
Seems like every year around summer time the government flips out about privacy coins. Weird!
So what's happening today?
Funny it's taken me this long to actually get to the point:
https://news.bitcoin.com/ciphertace-allegedly-builds-monero-tracing-tools-xmr-proponents-disagree/
At the end of August Ciphertrace came forward with claims that they cracked Monero privacy. The Monero community was like, "Yeah? Show us." and zero evidence was conjured. The Monero community tries to break its own privacy all the time to make a stronger product. Cybertrace is lying, as is evidenced with the most recent IRS bounty.
The Monero community has long been at the forefront of privacy research in an effort to build stronger tools, as evidenced by the ‘Breaking Monero’ series.”
https://cointelegraph.com/news/the-irs-offers-a-625-000-bounty-to-anyone-who-can-break-monero-and-lightning
https://news.bitcoin.com/irs-to-pay-625k-to-crack-monero-crypto-proponents-scoff-at-contract/
THIS LAUGHABLE BOUNTY IS WHAT GOT ME GOING!
The United States Internal Revenue Service has offered a bounty of up to $625,000 to anyone who can break purportedly untraceable privacy coins such as Monero (XMR) as well as trace transactions on Bitcoin’s (BTC) Lightning Network.
This assumes so many things. First of all, the IRS is grossly underfunded (already known fact) so a bounty of $625k is a laughable joke. Anyone with the experience and/or team to crack Monero wouldn't do it for so little money, and if they did it means that Monero was shit technology in the first place. Crypto Twitter got a huge kick out of it:
“The odds are better to land a craft on our Sun’s surface… It must be a prerequisite to be somewhat mentally retarded to work for the IRS,”
“No need for the IRS to try and figure out the criminal activity that is using USD cash currency in their crimes, (probably 1,000,000,000X that of monero),”
“If you can crack Monero why the hell would you settle for $625K, LMAO,” another tweeted.
Basically, yep.
So not only does the government admit that privacy is the foundation of fungibility, they offer a pathetic bounty in an attempt to crack it. Even if the bounty works, I have faith that the Monero community's response would be swift and devastating to undo what had been done.
As someone without privacy coins, are you worried?
Yes, it's true I wish I did have some Monero at this point. Privacy will only become a bigger issue as we head in to mainstream adoption. However, as I have already pointed out, interoperability is going to really be the one-two punch that knocks the IRS on its ass.
These technologies don't exist inside their own tiny little bubble... well they do... but not for long. What happens when atomic swaps from Bitcoin to Monero go live? Thought you could track Bitcoin did you? Well, not anymore. All it takes is a single popular decentralized exchange to ruin all their precious plans of regulation via centralized exchange bottlenecks. These developments are explosive and without limit. The government will not be able to keep up; not even close.
That is a fact.
In fact it's comical to even watch them try.
When it really comes down to it nobody wants the IRS to be a competent and well funded organization. Their job is to cast nets and catch the dumbest of the bottom-feeders with them. Their job is to terrorize poor people into fearfully remaining financial slaves to the system. It is not profitable for them to terrorize the poor, just like it is not profitable for them to attack the rich (because the rich have the resources to fight back). Therefore, they will always remain an underfunded and laughable branch of the government, by design. Once one gets to the tip-top of the pyramid you straight up loophole out of the entire system legally. Brilliant.
Conclusion
Taxes exist to put the burden of inflation into those that don't have the resources to loophole out of them. We all know that money could just be printed up to pay for things, but the government insists that citizens be charged multiple times instead of equally devaluing everyone's dollar via inflation. Taxes only exist so that the super rich can loophole out of them, raising the value of USD while burdening ordinary citizens financially. The biggest corporations pay no taxes, nuff said.
If the IRS is putting this much effort into tracking Monero, a Podunk altcoin that hardly anyone knows about, this really says a lot. Not only is it clear proof that it works, but it is also obvious that they know that crypto is going places, and they are attempting to position themselves for a mainstream adoption situation.
Let's be honest with ourselves here. If the MSM, government, establishment, and elite were all telling everyone that crypto was the future, we'd be mainstream already. That's exactly what they don't want, they are absolutely not ready for that reality to take place yet. They want to control the narrative so they can position themselves back at the top of the pyramid. I wish them luck considering crypto is designed to accomplish the exact opposite of that.
Return from IRS and Secret Service Confirm That Monero Works to edicted's Web3 Blog
