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The Trouble With Dave Smith

  On the issues, Dave & most agorists can find agreement 99 out of 100 times, but as libertarians we have a habit, a pastime - a duty even, to seek out & argue over the 1% of things we don’t agree on. In keeping with that tradition friends, I've got to tell you, when it comes to strategy, Dave Smith seriously fumbles the ball. The fundamental issue is that @comicdavesmith is interested in creating libertarians, whereas agorists are interested in creating liberty. Dave has a classic case of @perbylund ’s Savior Complex - the irrational desire of individualists to save the collective whole of society. There are lots of problems with this, but even if creating libertarians is a worthy goal, does that mean the Libertarian Party is the best vehicle to accomplish this task? Has anything the Libertarian Party ever done caused even a slight retreat of statism? Dave rightly points to his own success at spreading the message of liberty. It's true, no one - save Ron Paul or Tom

Crypto Bans & Privacy Coins





Deep in the heart of New Delhi, among the bustling traffic & hints of curry, lies one of the world’s largest and most powerful criminal organizations - the government of India. Like similar groups of bandits, the Indian government enjoys a coercive monopoly on fiat currency, which they use to siphon wealth off their victims. Overseeing this particular heist, is a section of the gang known colloquially as the Reserve Bank of India.

It’s widely believed that the RBI is behind India’s expected ban on cryptocurrencies next month, although they deny any involvement. Frightened by the prospect of losing their monopoly on money - or rather, their monopoly money - the gang is threatening cryptocurrency users with 10 years in one of their lackluster cages.

It’s worth noting that although this is the first such ban to be proposed, other governments seeking to protect their monopolies are watching the situation in India closely, and if all goes well - are likely to follow suit.

When that day comes, not only will the agorist community be ready, we intend to make a profit. Any such ban will necessarily affect a sharp rise in the value of all privacy coins. Moreover, in a general sense, these coins are particularly well suited for counter-economic purposes.



What is a Privacy Coin & What Makes Them Private?  


One of bitcoin’s wonderful features is it’s open, public ledger. This level of transparency, however, comes with some drawbacks. Anyone can see your wallet, it’s balance and your transaction history. This problem is alleviated a bit in the BTC community by using Coin Joins, for which Wasabi Wallet is well-known, or in the BCH community by using Cash Shuffle on wallets like Electron. Based on my recent chat with Craig Wright, I don’t expect to see the BSV community ever implement any such privacy features. Nevertheless, the fact remains: privacy is not a native feature of any version of bitcoin.

Enter privacy coins.

Privacy coins are cryptocurrencies that utilize features designed to mask data surrounding a transaction. Some concealable data points include the identity of the sender and/or recipient, the amount of the transaction, as well as wallet balances.

Some of the features used to accomplish these tasks include, but are not limited to:

  1. Ring Signatures are used to mask senders.
  2. Stealth Addresses are used to mask recipients.
  3. Ring Confidential Transactions (RCT) mask the transaction amount.
  4. PrivateSend

Monero & Dash are two of my favorite privacy coins currently available for counter-economic purposes. Monero uses features 1-3, making it private by default. Dash makes good use of a secondary layer of masternodes to enable it’s PrivateSend feature. Either one of these options should keep you safe from the prying eyes of the parasites infesting the Indian Parliament.

It’s also worth mentioning there are a host of other privacy coins out there to choose from. Edward Snowden famously expressed support for ZCash:


On episode 42 of The Agora, cyber-security expert John McAffee endorsed Apollo. Apollo’s list of features are indeed impressive to say the least. The project aims to incorporate all of the existing privacy features mentioned above with IP masking, encrypted data transport, an encrypted messaging service, it’s own dedicated, decentralized and untraceable marketplace, uncensorable cloud-based file storage, a token platform, and a decentralized exchange!

The Indian government can go to hell.


Technology is outpacing governments & as they grow increasingly desperate, their actions will become increasingly irrational, just as a thief being strangled will flail and kick as he nears his last breath.

It’s important to remember that we’re ready for this. We’ve been expecting it and have developed the tools necessary to fight the bastards off. Check out the wallets and coins mentioned above, use a VPN & run a full node on Tor.

They can't stop progress.


Comments

  1. Thanks For This Informative Article. It Helps All Those People Who Are Confused about the crypto market.
    Slink Coin Free Giveaway

    ReplyDelete

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