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There is an increasingly obvious disconnect between cypherpunks/freedom lovers and the government/corporate sector. Let’s take a closer look at that and explore how to narrow the gap.
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2/ Companies like @chainalysis and @ciphertrace have recently secured millions in contracts with US government agencies, despite huge doubts they can trace the Monero network.
https://www.monerooutreach.org/news/ciphertrace-monero.html
https://decrypt.co/43451/irs-1-million-contracts-data-firms-crack-monero
https://www.monerooutreach.org/news/ciphertrace-monero.html
https://decrypt.co/43451/irs-1-million-contracts-data-firms-crack-monero
3/ The same companies, particularly @chainalysis, have been actively smearing Monero in the media. Appealing to the gov narrative by calling it a tool for criminals and neglecting to talk about the primary reason for a private blockchain: fungibility. https://www.forbes.com/sites/billybambrough/2020/10/13/chainalysis-reveals-huge-growth-in-government-bitcoin-crypto-and-blockchain-interest-makes-dire-monero-warning/
4/ sidebar: read about why fungibility is so essential for any cryptocurrency to work as real money...
https://monero.stackexchange.com/questions/1967/what-is-fungibility-and-why-does-it-matter
https://web.getmonero.org/resources/moneropedia/fungibility.html
https://monero.stackexchange.com/questions/1967/what-is-fungibility-and-why-does-it-matter
https://web.getmonero.org/resources/moneropedia/fungibility.html
5/ It is no secret that government agencies struggle to understand even basic concepts related to Monero, as made evident by the US Treasury mistaking a Payment ID for a Monero address: https://cointelegraph.com/news/new-us-treasury-sanctions-on-russian-hackers-hit-monero-address
6/ And its apparent the companies who claim they can trace Monero do not even understand what that means: ...but they are still securing millions in contracts from the US gov...
7/ Contracts that will likely become more lucrative with the creation of a task force at the DoJ. https://www.justice.gov/opa/pr/attorney-general-william-p-barr-announces-publication-cryptocurrency-enforcement-framework
8/ Getting back to the disconnect... these companies and gov agencies seem to be unaware of Monero’s open source research and that for years doctors in mathematics and applied cryptography have been looking for flaws.
https://noncesense-research-lab.github.io https://www.getmonero.org/resources/research-lab/
https://noncesense-research-lab.github.io https://www.getmonero.org/resources/research-lab/
9/ There’s even a YouTube series dedicated to exploring the issue of ‘Breaking Monero’ https://m.youtube.com/playlist?list=PLsSYUeVwrHBnAUre2G_LYDsdo-tD0ov-y
10/ I would imagine if the government asked, these researchers would consult with them for free and save US taxpayers millions of dollars in the process. https://cointelegraph.com/news/xmr-workgroup-says-irs-should-study-monero-not-try-to-break-it
11/ Meanwhile, Monero has proven to be one of the most innovative projects and has arguably built the best egalitarian replacement for cash in existence.
12/ Monero uses a PoW algorithm that is literally mineable with any CPU and resists Bitcoin type ASICs that are primarily built and mined in China: https://www.monerooutreach.org/stories/RandomX.html
13/ Monero boasts the 3rd most developers of all cryptocurrencies, is the 4th most forked coin of all cryptocurrencies, has 15-20% the amount of publicity findable nodes as Bitcoin, but only 1% of Bitcoin marketcap. Fundamentals don’t add up.
14/ Meanwhile, Monero has regularly been hitting new all time highs in daily transactions. https://bitinfocharts.com/comparison/monero-transactions.html
15/ Likely because Monero has become more widely used on DNM, an early adoption indicator of Bitcoin as well. https://twitter.com/donttracemebruh/status/1315243279009677312
16/ And while we have gov agencies and companies like @chainalysis claiming Monero is bad, we have international law firms asserting Monero is relatively safe from regulation. https://www.perkinscoie.com/en/news-insights/anti-money-laundering-regulation-of-privacy-enabling-cryptocurrencies.html
17/ ^ maybe because they actually took their time to understand how Monero works and concluded that it can achieve regulatory compliance with its existing features. BTW #xmr is probably the only cryptocurrency that is simultaneously GDPR compliant...
18/ Dont let the disconnect grow wider. Educate yourself and others. If you’d like to keep a closer eye on Monero and its constant stream of developments, start here:
https://www.monerooutreach.org
https://revuo-monero.com
https://www.monerooutreach.org
https://revuo-monero.com
19/ Monero is an open-source community and you can contribute to its success regardless of your level of skill or talent. See how you can get involved and join the team that’s dedicated to safeguarding personal sovereignty and freedom! https://www.monerooutreach.org/stories/getting-started-helping-monero.html
