The author sets a definition for "socialism" and "capitalism" and then shows that both are fake, do not exist today. It is a rhetorical "trick" but nonetheless the observations made are insightful.

Very crude summary: 1 - Socialism does not exist today, what we do have is a system of patronage where lower classes sell their vote to a particular elite, not benefiting lower classes that much in the process. System of dependency.

2 - Capitalism does not exist today. Capital markets are not free, and with fiat money what we have is a massive regressive tax, a transfer of wealth from people without assets to people with assets (stocks, real estate).

3 - The author gives a back of envelope solution to this mess, in a hypothetical world without transition costs.

Entertaining throughout especially if you enjoy the flowery language.

In our circles number 2 is almost canonical knowledge, and monero a big weapon to break this regressive tax. And monero could also break number 1, since it is much harder to confiscate property to redistribute among your clients under the patronage system.

Enjoy your Friday all!

changelog (2024-08-15)

• updated Monero to v0.18.3.4
• updated Qt to 6.7.2
• updated Tor to 0.4.8.12
• removed Reddit and LocalMonero plugins
• windows: fixed a graphical issue if windows dark mode was enabled
• trezor: re-enabled bridge transport
• tx pool viewer: fixed table sort
• settings: fixed a potential crash
• wizard: don’t allow illegal chars in file name
• linux: minimum glibc is now 2.31
  • update your machine to Debian 11, Ubuntu 20.04 or later

Make sure to update your wallet from the built in updater in Feather Wallet!

We're excited to share that a pull request has been made for the Full-Chain Membership Proofs (FCMP++) integration into Monero!

The pull request is a work-in-progress and will be improved upon and reviewed to ensure soundness of the implementation.

https://github.com/monero-project/monero/pull/9436

Before, I never heard his videos say the word Monero, and now I'm hearing it in a lot of his videos. Something seems to have changed.

tor: http://karaparawplotu233ux7adtiaqswdthdk6kiqqovgy4ldp2dseijwnad.onion/wiki/feather-wallet/feather_wallet_isolated_qubes_whonix_setup_en/

i2p: http://karapar4coqucwkyuq5qi65w2traxh7jl23y6otfpeegmkzugula.b32.i2p/wiki/feather-wallet/feather_wallet_isolated_qubes_whonix_setup_en/

I show you how to isolate your feather wallet in an offline qube. Then, use your own monero node that runs in another qube via TCP port forwarding between the local qubes in QubesOS.

Stay on topic:

• This thread is only for comments discussing the uncertainties, shortcomings, and concerns some may have about Monero.
• NOT the positive aspects of it.
• Discussion can relate to the technology itself or its economics.
• Talk about community and price is not wanted, but some discussion about it maybe allowed if it relates well.
• Be as respectful and nice as possible. This discussion has potential to be more emotionally charged as it may bring up issues that are extremely upsetting: many people are not only financially but emotionally invested in the ideas and tools around Monero.

How it works:

• Post your concerns about Monero in reply to this thread.
• If you can address these concerns, or add further details to them – reply to that comment. This will make it easily sort-able.
• Upvote the comments that are the most valid criticisms of it that have few or no real honest solutions/answers to them.
• The comment that mentions the biggest problems of Monero should have the most karma.

Previous:

• https://monero.town/post/3962553

The first principle is that you must not fool yourself — and you are the easiest person to fool.

• Richard Feynman

Research is done by Cypher Stack team.

Repo: https://github.com/cypherstack/pup-monero-analysis/releases/tag/final

cross-posted from: https://lemmings.world/post/12787893

1. SEPARATE MONERO ACCOUNTS - For privacy reason, organize own funds into accounts like “cash”, “work”, “trading”, “mining”, “donations”, etc.. And in order to later combine these individual accounts funds, sweep/withdraw each of the account balance the way, that you do NOT sweep/withdraw multiple accounts balances in a single transaction, but one transaction per account. Feather wallet may do this thanks to its "Coin control" functions? Source: https://getmonero.dev/public-address/subaddress.html ; https://docs.featherwallet.org/guides/features

2. WAIT/AGE XMR AFTER RECEIVING IT - After receiving Monero (XMR) from a 3rd party, wait some time (a few hours to a few days)

3. CHURN/MIX XMR BY SENDING IT TO OTHER OWN ACCOUNT - Churning/mixing means to send your Monero/XMR to a different account/wallet in order to make it harder for others to track you: "So after 1 churn, there is a 1 in 16 chance (6.25%) that this transaction is yours. After 2 churns, it is a 1 in 16x16 = 1/256 = 0.39% chance that the final output of the route is yours. After 3 churns, 1 in 16x16x16 = 1/4096 = 0.0244%".

   A) Send your entire (or part of) your account's balance to a different account/wallet of yours, such secret destination account won't be used for receiving 3rd party XMR (only yours).

   B) Send your entire account's balance to same account (its own address - self). In case you would send partial, you would mix churned outputs with non-churned making your anonymization effort more or less pointless.

4. WAIT/AGE CHURNED/MIXED XMR AGAIN

5. CHURN/MIX AGAIN BY SENDING TO SELF OR 3RD PARTY - In order to decrease chance (from above mentioned 6.25% to 0.39%) of output being attributed to you. When having various Monero accounts for various purposes (e.g. "work", "home"), possibly churn 2x before "merging" XMR from multiple accounts of yours, example: KYC'ed 3rd party -> MyWork -> MyWork2nd ......... 3rd party -> MyHome -> MyHome2nd -> MyHome3rd -> MyWork2nd

FAQ: Why it is not pointless to send Monero from/to self, meaning same account? Because sending to same account is effective in decreasing the chance of a transaction being traced (attributed to you), since "there is no way to see the address" and other person says "You can send to yourself as many times as you want, without anyone knowing you're actually doing it. Every such transaction (called "churn") puts you in a bigger crowd of possible senders." and another person claims similar "churn to your own wallet, as it is not possible to link the output to the wallet".

I bumped into two projects that do not yet use Monero for dono/payments yet.

1. https://riseup.net/vpn#donate
2. https://freenet.org/ghostkey/create/

The first one of them is a cool VPN that you can install and use right away inside debian: sudo apt install riseup-vpn -y

The second one is the new freenet project that aims to build distributed and uncensorable network.

Both of these projects SHOULD have been using Monero for donos/payments, ALREADY.

I think it is high time the Monero community shock troops go out there and apply nudging in these projects' community pages. Example: https://github.com/freenet/freenet-core/discussions/1189#discussioncomment-10382094

Mention @ 5:08

https://odysee.com/@DollarVigilante:b/KARMA-Evil-YouTube-VIDEO-1080p:a

Reminder, vaccines are based on voodoo fake science and are designed to poison you slowly and decrease your lifespan.

🥳 proposals recently funded 🥳

ofrnxmr feat BasicSwapDEX

• https://ccs.getmonero.org/proposals/ofrnxmr_basicswap.html

Work on getmonero.org by HardenedSteel

• https://ccs.getmonero.org/proposals/hardenedsteel-getmonero-1.html

vtnerd full-time 2024 q3

• https://ccs.getmonero.org/proposals/vtnerd-2024-q3.html

escapethe3RA Monero Observer 2024 Q3

• https://ccs.getmonero.org/proposals/escapethe3ra-monero-observer-2024-q3.html

monerobull for website workgroup

• https://ccs.getmonero.org/proposals/monerobull-bootstrap-workgroup.html

rehrar help

• https://ccs.getmonero.org/proposals/rehrar-help-out.html

Boog900 full time work on Cuprate

• https://ccs.getmonero.org/proposals/boog_3_months_cuprate_2.html

jeffro256 full-time development 2024Q3

• https://ccs.getmonero.org/proposals/jeffro256-full-time-2024Q3.html

🧡 Like Share Comment on X.com 🧡

Add nostr support to read/write to relays in wallets such as Cake, Feather, Monerujo, GUI, etc

Signup:

1. Wallet generates nostr npub and nsec (and stresses hard to the user to keep it safe since it is the most valuable piece of information they will ever own)
2. Wallet generates a polyseed
3. Wallet encrypts seed and publishes it to say 10 nostr relays

Login:

1. User enters nsec or uses an auth app such as Amber
2. Wallet reads all notes to get the encrypted seed
3. Once found the wallet discards all notes that are not encrypted seeds
4. If only one encrypted seed is found, it is used. Otherwise, a list is shown to the user and they can choose which one to use.
5. Syncs wallet and use as we do today

I see three existential cons with this.

1. Loss or theft (possibly by physical force)
2. The encryption algorithm turns out to be flawed.
3. Quantum computers break encryption.

This also would have privacy implications since if other applications start using it that could basically turn your npub into a public digital ID (ala worldcoin/social credit score). Sure, each application may use encrypted data, but somebody would still know that you use a ride-sharing application, or a Monero wallet, etc. And what times you use them at (at least for interactive apps such as rideshare/websites).

Any help with the wiki would be majorly appreciated. it's as easy as opening pull requests against the repo: https://github.com/haveno-dex/haveno-docs

those changes are automatically published to the official docs: https://docs.haveno.exchange/

here are open issues with the wiki label: https://github.com/haveno-dex/haveno/issues?q=is%3Aopen+is%3Aissue+label%3Awiki

Another one mentioning Monero: https://odysee.com/@Crypto-Tips:b/can-bitcoin-repeat-574-returns-this:4

Crap, i forgot about last week. Time for another Skepticism Sunday!

Stay on topic:

• This thread is only for comments discussing the uncertainties, shortcomings, and concerns some may have about Monero.

• NOT the positive aspects of it.

• Discussion can relate to the technology itself or its economics.

• Talk about community and price is not wanted, but some discussion about it maybe allowed if it relates well.

• Be as respectful and nice as possible. This discussion has potential to be more emotionally charged as it may bring up issues that are extremely upsetting: many people are not only financially but emotionally invested in the ideas and tools around Monero.

How it works:

1. Post your concerns about Monero in reply to this thread.

2. If you can address these concerns, or add further details to them -- reply to that comment. This will make it easily sort-able.

3. Upvote the comments that are the most valid criticisms of it that have few or no real honest solutions/answers to them.

4. The comment that mentions the biggest problems of Monero should have the most karma.

The first principle is that you must not fool yourself — and you are the easiest person to fool.

• Richard Feynman

This one brings a ton of excellent updates. Take a look at the change log.

https://github.com/retoaccess1/haveno-reto/releases

📊 Graph: Cryptocurrency Usage on stealths.net (August 2023 - August 2024)

Hi Monero community!

Today marks a special milestone for us, Stealths.NET is officially one year old. (For ones who don't know us, we are providing prepaid cards and gift cards without KYC)

Unsurprisingly, as we offer privacy-related services, most clients prefer using Monero for payment. It's is leading with a 42% share, surpassing the combined total of Tether and Bitcoin. We are pleased with this, and will continue to use and support Monero!

Also, we started offering gift cards a few months ago, you can see our catalog here: https://stealths.net/gift-cards

For prepaid cards: https://stealths.net/store

Telegram channel & support: https://t.me/stealthsnet

Before you say this is off topic, fast forward to 41:00, where Alasdair talks about fungibility in a very sensible and educational way. Stopping shy of mentioning Monero, he gives the impression that all crypto is like Bitcoin and has the drawbacks associated with BTC. Now, how do we correct these influencers so they don't tar all crypto's with the same brush as Bitcoin? Ideas, feedback?