Post by Y

1EkygL…i6ks Unverified · twetch

Monero is often praised as "freedom money" because transactions are hidden by default.

But freedom without accountability comes at a price.

A financial network where nobody can verify the money supply, trace economic activity, or independently audit flows requires trust in cryptography and protocol assumptions rather than open verification.

That opacity can also be exploited by criminals to conceal illicit payments, launder proceeds, evade sanctions, and obscure the movement of funds from investigators, victims, and the public.
Bitcoin was designed differently.
$BSV preserves the original principle that anyone can audit the ledger, verify the supply, trace transactions, and build businesses, contracts, and public records on a shared source of truth.
Transparency is not a bug. It is what enables property rights, legal certainty, accounting, compliance, and global-scale commerce.
A hidden economy may protect privacy, but it can also provide cover for crime.
An auditable economy protects civilization.
The future of money is not a black box.
The future of money is verifiable truth.

Rafael LaVerde @vamosvigilante Monero is arguably the only true serious network in crypto. Some cryptos make incredible promises and project remarkable market deliverables in the future. Monero monero:native delivers right now what it promises and what the market needs. The network gives humanity hope…
472 046 sat
Y 1mo
1Gwece…AV6R Unverified · twetch

The question is what kind of society you are dealing with.

In a free society Bitcoin is great. In an increasingly totalitarian state it is a big problem.

Bitcoin was made with the boomer mindset that the state isn't just necessary, but good and desperate to become accountable.

This is, of course, ridiculous. The state wants the people to be transparent while it itself remains completely non-transparent.

There is no solution, only trade-offs:

As long as there is a criminal state, the crime that might be enabled by private money is nothing compared to the crimes perpetrated by a state that has full surveillance/control of the people and their transactions.

237 107 sat
What the chain says
Block
964 579
Time
2026-08-30T13:27:21Z
Signer
1GwecezoL8jciHU2Ysyupxrnv18JMGAV6R
App
twetch
Type
reply
Content type
text/markdown

Fields the transaction did not carry are omitted. Open the payload to see the bytes as stored.

Signed by 1GwecezoL8jciHU2Ysyupxrnv18JMGAV6R Unverified

Replies (3)

1EkygL…i6ks Unverified · twetch
Replying to@1Gwece…AV6R

mad world

Unverified · twetch
Replying to@1Gwece…AV6R

The peculiar thing is that you can have private transactions on bitcoin.

Y 1mo
1Gwece…AV6R Unverified · twetch
Replying to@163zYk…7PsF

You mean ZCash?