I have Monero that I will be looking to spend on essential materials for survival. Today, that is not possible. The only things I can purchase with Monero are things that I don't need for survival. If we can't make that happen, all the tech in the world isn't going to improve the utility for Monero. Catering to a fringe techie community will not get us there. I suggest that we create a task force and fund it through a CCS if need be in order to promote Monero. Outreach to businesses that will change their minds and begin accepting Monero for everything is essential, but none of the XMR donations seem to go toward that. I haven't been around that long and am sure there's things going on that I am unaware of, but the high visibility influencers I've seen don't seem to be emphasizing this angle. We should be bringing this up front and center on Matrix rooms, Simplex, Session, Bastyon, and Monero.town more regularly and there should be people getting paid some amount of Monero to carry ideas discussed to people outside the Monero community.
Why U.S. Citizens Must Act Now to Protect Their Wealth
In the tumultuous and unpredictable world of global finance, the stability and security once offered by the Bretton Woods system is rapidly deteriorating. Established in the aftermath of World War II, the Bretton Woods Agreement was designed to foster international monetary cooperation and create a framework for economic stability. However, as we face unprecedented economic challenges, the very foundations of this system are crumbling, signaling an imminent collapse. In this precarious environment, it is crucial for U.S. citizens to take immediate action to safeguard their wealth and prepare for the uncertain future. This article explores why converting U.S. dollars into tangible assets such as farmland, food, ammunition, firearms, precious metals, and privacy-focused cryptocurrencies like Monero is not just prudent, but essential.
The Decline of the Bretton Woods System
The Bretton Woods system, once a bedrock of global financial stability, has been eroding for decades. The initial peg of the U.S. dollar to gold and the establishment of the International Monetary Fund (IMF) and the World Bank provided a robust framework for economic growth and stability. However, the abandonment of the gold standard in 1971 marked the beginning of the end for this system. Since then, the dollar has been fiat currency, subject to the whims of monetary policy and geopolitical turmoil.
Today, the U.S. and global economies are facing severe challenges: unsustainable debt levels, inflationary pressures, and a rapidly changing geopolitical landscape. The U.S. dollar, once the unchallenged global reserve currency, is losing its hegemony as countries seek alternatives to reduce their dependency on it. These factors contribute to a looming economic crisis that threatens to devalue the dollar significantly.
The Great Taking: A Real Threat
"The Great Taking" is a term used to describe the potential government actions to confiscate or severely devalue personal wealth in times of economic distress. This can manifest in various forms, such as severe inflation, punitive taxation, or direct asset seizures. Historical precedents, like the 1933 Executive Order 6102, which required citizens to surrender gold holdings to the government, highlight the real possibility of such measures being implemented again.
In the event of a major financial collapse, governments may take drastic actions to stabilize the economy, often at the expense of individual wealth. This makes it imperative for citizens to convert their vulnerable U.S. dollars into assets that are less susceptible to government interference and inflationary devaluation.
Assets of Lasting Value
To mitigate the risks associated with the collapse of the Bretton Woods system and the potential for "The Great Taking," it is wise to invest in assets that have intrinsic value, offer security, and ensure self-sufficiency. Here are the recommended assets:
-
Farmland: Farmland provides a tangible, productive asset that can generate food and income. It is a hedge against inflation and a crucial resource in times of economic instability.
-
Food: Stockpiling non-perishable food ensures that you and your family can sustain yourselves during supply chain disruptions or economic crises.
-
Ammunition and Firearms: These not only provide personal security in uncertain times but can also be valuable barter items if traditional currency systems fail.
-
Precious Metals: Gold, silver, and other precious metals have historically been safe havens during economic turmoil. They retain intrinsic value and are universally recognized as a medium of exchange.
-
Privacy Cryptocurrencies (Monero): Unlike Bitcoin, which offers some degree of transparency, Monero provides enhanced privacy and security. It is less susceptible to government tracking and seizure, making it a reliable digital asset in times of financial uncertainty.
Conclusion: Take Action Now
The signs of an imminent collapse of the Bretton Woods system are clear, and the consequences for those unprepared could be dire. By converting U.S. dollars into tangible assets such as farmland, food, ammunition, firearms, precious metals, and privacy-focused cryptocurrencies like Monero, you can protect your wealth and ensure your security in uncertain times. Waiting for the crisis to fully unfold could leave you vulnerable to the adverse effects of inflation, asset seizures, and economic instability. Act now to safeguard your future and navigate the coming financial storm with confidence.
In an era of unprecedented economic instability and increasing concerns over privacy, it is becoming crucial for individuals to protect their wealth and financial autonomy. Traditional financial systems, dominated by fiat currencies and heavily monitored by governments and financial institutions, are facing growing scrutiny. As a result, many are turning to private, anonymous currencies such as precious metals and Monero. This shift is not only about safeguarding personal wealth but also about fostering a parallel economic system that can operate independently of centralized control. This article explores the urgency of moving wealth into these private currencies and the importance of building a circular economy around them.
The Vulnerabilities of Traditional Financial Systems
The global financial system, built on fiat currencies and centralized banking, is increasingly vulnerable to various risks:
-
Economic Instability: High levels of national debt, inflation, and economic crises can devalue fiat currencies, eroding individual wealth.
-
Government Surveillance: Increased government oversight and surveillance of financial transactions threaten personal privacy and financial autonomy.
-
Banking Risks: Bank failures or freezes, whether due to economic crises or political decisions, can limit access to personal funds.
Given these vulnerabilities, diversifying into private, anonymous currencies offers a way to mitigate these risks.
The Case for Precious Metals
Precious metals like gold and silver have been trusted stores of value for millennia. They offer several advantages:
-
Intrinsic Value: Unlike fiat currencies, precious metals have intrinsic value and are not subject to inflationary pressures.
-
Tangible Assets: Physical ownership of gold and silver means you have control over your wealth without relying on third parties.
-
Historical Stability: Precious metals have historically maintained their value, even in times of economic turmoil.
Monero: The Digital Age's Answer to Privacy
In the digital age, Monero stands out as a leading privacy-focused cryptocurrency. Unlike Bitcoin, which offers some level of transparency, Monero provides enhanced privacy and security:
-
Privacy: Monero uses advanced cryptographic techniques to ensure transactions are private and untraceable, protecting users' financial data.
-
Security: The decentralized nature of Monero makes it resistant to censorship and seizure by governments and institutions.
-
Fungibility: Each unit of Monero is indistinguishable from another, ensuring that it is always accepted without fear of tainted coins.
Building a Parallel Economy
The shift towards private, anonymous currencies requires more than just individual adoption; it necessitates the development of a parallel economic system that can sustain itself. Here's how society can build this system:
-
Acceptance of Alternative Currencies: Businesses and service providers must begin to accept precious metals and Monero as payment options. This can start with small businesses and gradually expand to larger enterprises.
-
Education and Awareness: Public awareness campaigns and educational initiatives are crucial to inform people about the benefits and usage of these alternative currencies.
-
Infrastructure Development: Building infrastructure, such as secure digital wallets for Monero and safe storage options for precious metals, is essential to facilitate their everyday use.
-
Peer-to-Peer Networks: Encouraging the development of peer-to-peer (P2P) networks can help foster a community of users who trade and transact using these currencies, creating a self-sustaining ecosystem.
-
Legislative Advocacy: Advocating for legal frameworks that protect the use of private, anonymous currencies can help ensure their legitimacy and acceptance in the broader economy.
Conclusion
As economic and privacy concerns grow, the urgency to move wealth into private, anonymous currencies like precious metals and Monero becomes increasingly clear. These assets provide security, privacy, and stability that traditional financial systems struggle to offer. Moreover, building a parallel economy around these currencies can help ensure their viability and sustainability, offering a resilient alternative to centralized financial systems. By embracing this shift, individuals can protect their wealth and contribute to a more secure and private economic future.
It's not wrong that you question your own beliefs. I think with new information being revealed every day after a lifetime of being fed propaganda, we all should be going through some of that. However, I strongly believe that airing all those thoughts and philosophies in a focused group like Monero can splinter the unity of the cause that we all support. That cause is the importance of private, decentralized, digital cash. The more we stray from topics related to that core focus, the more likely we will, as a group splinter and become ineffective as a block. While it's hard to be completely disciplined about sharing our particular concerns with various forms of government, I think we should all continually attempt to reel ourselves back in when we're beginning to spend too much time discussing politics in a forum about supporting private, decentralized, digital cash.
- More time spent on activities related to things like negotiations with POS terminal manufacturers implementation of Monero for all retail transactions worldwide.
- Less time spent on discussing national borders, government handouts, identity politics.
I look forward to the day when all the people that "invest" in Monero have lost interest and moved on to greener pastures. Most of the folks in this community, at least the vocal ones, are more into expanding it's usage, promoting the build-out of the circular economy and helping spread the word to the "normies" without becoming brain damaged maximalists that can't really explain the value of their coin in coherent terms.
Another thing I look forward to is slowly phasing out any discussion of comparisons to and with Bitcoin. The ship has sailed and Monero WON. The two crypto-currencies now have less in common than they did several years ago due to several factors:
- The delisting of Monero from Centralized Exchanges worldwide has removed it from the pick list for most CEX's, therefore taken it off the radar for those swapping in and out of various crypto's for profit.
- The crackdown on any privacy tools associated to Bitcoin makes clear to the public that Bitcoin's authorized uses will be very minimal going forward, and being part of a circular economy in a peer to peer exchange will not be happening with BTC. This coin has been captured by the cabal and therefore, unable to fulfill any of it's original missions as outline in Satoshi's white paper.
- The capture by the stock markets and Big Banking with the formation of numerous ETF's, based on derivatives which re-hypothicate (i.e. counterfeit) BTC to a point where it more closely resembles an over-valued tech stock than it does a bonafide cryptocurrency. Also, the ETF has affects on the price that DO NOT resemble that of crypto-currencies. It's like trading forex on the commodoties market, apples and oranges.
Interesting guy that is not a maximalist of any coin, but offers an open minded discussion of the options to those attempting to avoid Fiat currency.
I predict ratting out colleagues, neighbors, even friends and family may soon become a part of our reality in the near future. Mind your OPSEC.
So if you're selling Monero for Fiat, when do you send the Monero to the purchaser's wallet? Sounds like what LocalMonero does, but Element may not be the best tool to set up the bonds required. With recent litigation, who wants to take custody of anything is an open transaction for any length of time? Look forward to hearing how that is solved programmatically.
Can we make a Matrix or Session group to track this instead? Here's what a comparison of Session to SimpleX said: "To summarize – SimpleX is a broken and messy thing, but it is very cool." I don't use a smartphone very much and desktop apps that work well are few and far between. It seems like everyone is trying to drag me to their favorite messenger without providing any additional benefits in anonymity and security. I wouldn't mind if SimpleX had binary installers for more distro's, but that territory rarely gets covered adequately in early adoption.
I search on Haveno in matrix and nothing came up, is it access controlled or invitation only?
cross-posted from: https://monero.town/post/3124759
> Good enough for North Korea...
When I hear about integration with any other centralized platform, I see it as a potential attack vector. I'd stay far, far away from this integration unless and until it's had years of rigorous testing. You do know that the NSA hacked Tucker Carlson's Signal account to discover and warn him against traveling to visit with Putin, right? Signal has been compromised by the same groups that are opposed to liberty and sound money.
Bitcoin has lost it's status as a viable crypto-currency, starting when ETF's were created, which had the effect of fiatizing what was before immutable, now has adopted all the worst properties of fiat money, the concept of derivatives. Derivatives is simply fakery by large institutions to get the benefit from each unit of money multiple times. These large institutions have a monopoly on this behavior. It is not possible to behave this way on an individual level. Great care should be taken as any potential new crypto-currency intermingles with the existing financial system. The Monero community has the benefit of learning from each mistake made with Bitcoin, and preventing that with it's own digital cash.
I do not believe we have the price stability to be useful in lending applications, but if I were to do it, I'd be sure to take possession of collateral enough to completely repay the balance of 177 Monero. Otherwise, you're just asking to be taken for the fool. Signing over the title to their car might serve as collateral, where you hold a paper title that's he's physically signed over to you, then you just don't register it in your name, so the DMV still thinks the car is his. If he breaks the loan contract, you register the car in your name and have it repossessed legally. Still, I'd only do that if you know he can't move away easily. Interesting application, though, I'd like to hear more real world applications like this.
I have news for you, the president doesn't have control over the value of the dollar. The Federal Reserve does. The Fed does not answer to the president or congress. The true identity of the stakeholders in the Federal Reserve have always been a closely guarded secret. How confident are you in your US dollars now?
While I agree that all on the planet should have knowledge of these trends, it probably does not belong in the main Monero community room. Maybe in Monero Regulatory
I liked the concept behind Kodachi, but there's a very, very small community supporting it. It's a good thumb-drive OS like Tails, but does a much better job than Tails. I haven't tried it in quite a while, but FreeBSD may be worth a shot. When testing open source versions of Unix, I found them ahead of OpenBSD on the modern GUI stuff, but it's anyone's guess where they are at now. Might be worth spinning up a Virtual Machine. BSD Unix has been around longer than Linux, so you can be confident there's well tested and vetted code base.
It's hard to get excited when you still can't live on Monero. I will shout from the rooftops when I can pay my bills with Monero anonymously. Things like property taxes, vehicle registration, fuel, groceries, insurance, internet and mobile svcs, etc. I am poor, so those are the only things I spend money on. Monero is best represented in selling items that are not required for day to day life, so until that changes, it's quite understandable that the Monero community lacks enthusiasm.
I just restarted my node, got this message in startup over there:
2024-03-09 04:04:20.475 W Unable to send transaction(s), no available connections
Then it went on to give this message:
2024-03-09 04:04:22.880 I You are now synchronized with the network. You may now start monero-wallet-cli.
Interested in Nostr, but it appears Gossip client for Linux is not ready for prime time. I will not allow clipboard paste of Npub with Ctrl-V. Looks like I may have to wait for another version when these bugs are worked out.
I am running a full node with the Official Monero GUI and also mining. I have not broken that connection in several days since I own a computer that doesn't need a reboot several times a day, so I haven't noticed any problems yet. Will update thread if I notice anything after power restart.
As a point of reference, when I first sync a full node after installing GUI or CLI program, it's not unusual at all for the first sync to take three or four days. I've done it several times.
Doug,
This started showing up the day Gabriel filled in for Doug. Are we leaving this up because you're planning on giving up your role as host?
cross-posted from: https://monero.town/post/2338565
Doug,
I posted this on the Monerotalk room, but I got no response, maybe I'll try here and see if someone acknowledges it.
> Is Gabriel going to be the new MoneroTalk host? His name has been up there for a couple months since he filled in one time for Doug. What does the future hold?
After some additional education on the broad topic of decentralized communications tools, I've learned of Matrix/Element and Session Messenger, which seem to accomplish alot of the privacy and anonymity goals without the use of blockchain, yet it is decentralized, so they also will survive a widespread DNS blocking, also referred to as the Internet Kill Switch.
XeggeX cryptocurrency exchange - Buy and sell cryptocurrencies like Bitcoin, Ethereum, and more on our secure and user-friendly platform. Start trading today.
Does anyone in here use XeggeX exchange? Any cautionary tales would be appreciated. I normally don't do much without checking with others in the community since there is so much deception out there, nice to get the word of mouth and learn of the reputation of anyone I may consider dealing with.
Many Thanks..
Sounds like a lot of work for a tiny bit of Monero, more explanation of how much it pays out might incentivize folks.
cross-posted from: https://monero.town/post/2079592
> Is there any efforts or movements underway to solicit Elon Musk to begin to accept Monero as payment for internet services? What an advantage to just accepting Monero and not accepting the risk of fiat currencies.
cross-posted from: https://monero.town/post/1911947
> What I would like is all the best Monero stuff (Wallets / Mining Tools / customized browser bookmarks, etc.) preloaded and configured on a full blown Linux Distribution, delivered as a boot-able, installation ISO image where I can burn a DVD or create a USB Startup Disk. You may want to create several flavors, one for low end hardware like what's in MoneroNodo, and one for dedicated mining rigs if that makes sense. I would want the version from the MoneroNodo released first. > > It's ok to offer some images for various hypervisors like Gnome Boxes, VMWare, and VirtualBox, but the best format of all would be the LXC container in a tarball released to Turnkey Linux like they use in Proxmox, because the performance is much, much better than any virtual machine and it's most lightweight of the other formats, making the best use of system resources. > > I could help test and would donate, especially if the LXC container were released to Turnkey Linux and was made available thru that channel on not a custom download/install.
What I would like is all the best Monero stuff (Wallets / Mining Tools / customized browser bookmarks, etc.) preloaded and configured on a full blown Linux Distribution, delivered as a boot-able, installation ISO image where I can burn a DVD or create a USB Startup Disk. You may want to create several flavors, one for low end hardware like what's in MoneroNodo, and one for dedicated mining rigs if that makes sense. I would want the version from the MoneroNodo released first.
It's ok to offer some images for various hypervisors like Gnome Boxes, VMWare, and VirtualBox, but the best format of all would be the LXC container in a tarball released to Turnkey Linux like they use in Proxmox, because the performance is much, much better than any virtual machine and it's most lightweight of the other formats, making the best use of system resources.
I could help test and would donate, especially if the LXC container were released to Turnkey Linux and was made available thru that channel on not a custom download/install.
Anyone with half a brain will run away from Bitcoin and ANY other crypto with which an ETF is created. This ETF creation brings forth the certainty of Big Banker manipulation, something crypto currencies were intended to prevent. This type of manipulation is not a novel concept, it's already done with the price of Oil, Silver, Gold and a wide array of other commodities thru their use of derivatives, primarly enabled by the creation of ETF's traded on stock markets globally. In short, the derivatives are the tool the bankers use to gain an unfair advantage over the individuals. They routinely sell SLV shares, but do not have the corresponding Silver to back up that trade, something you and I can not do. This also means when markets fail, the banks will own the silver and the investor will lose everything. Self-custody is the key.
I prefer privacy crypto myself, with Monero at the head of the pack for now.
In case someone out there hasn't noticed yet, the people of the world are under assault by the central bankers all over the planet. Anything we do to invite or welcome their participation will most certainly be to our detriment. Resist Central Authority of all types, decentralize everywhere possible and resist all attempts to centralize power and control anywhere you recognize it.
Honest, fungible, PRIVATE digital cash is one important front we can fight this war against us. Opt out of their systems, get out of their debt-based fiat currencies and encourage a circular economy based on something like Monero or it's successor. In essence, do your best to build an ecosystem where we can all "de-bank" ourselves on OUR terms and not have some Great Reset and CBDC's do it on THEIR terms, which I guarantee you will be far less favorable to individuals. This one step alone, if gone widespread, will do more to promote freedom than 100 violent revolutions. The illusion they create is that you can't live without them. Once you prove you can, their leverage over us ends, thus their power withers and dies.
If you're on this forum, you probably already agree with this and don't need converting, but if you're trying, as I am, to proliferate Monero adoption, I'd encourage you to copy/paste any or all of this letter and forward it if you like the message herein.
Video feed above taken from this article..
Argentina's Milei in Davos: "Collectivist experiments are never the solution to the problems that afflict the citizens of the world. Rather, they are the root cause."
https://www.sgtreport.com/2024/01/javier-milei-crashes-davos-party/
So far, he's saying the correct things, wonder how long before he's kicked out of the fraternity. This was such a short snippet, I'd have to say the jury is still out, but good nonetheless.
A Revolutionary anti-censorship decentralized publishing and social platform. Based on the blockchain technology, it runs on a set of computers around the world, not controlled by any single entity. Self-policed by users with good reputation where nobody records your keystrokes, viewing habits or se...
I'd like you to discuss this topic on an upcoming MoneroTalk.
I'd also appreciate some instruction on how I might join in the live chat so that I could join in on the episode where something like Bastyon is discussed.
