Founder @coinmoebius, @AquarianMetals, and @fundamentally_x.
Joined April 2022
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I get what NEAR is doing but there's no way I'm can support projects that ride the parasitic line like this.
It stinks of "playing with the institutions". Crypto projects that favor doing anything with institutions are inherently risky because the systems they build invite the absolute worst actors. You see it in the tech they build and the narratives they craft about themselves.
Narrative is the one part of projects that people often ignore while they're so focused on the tech. These same people pretend they're immune to project propaganda and ultimately end up supporting regulations and make excuses for parasitic involvement.
We saw that it was narrative, not tech, that hijacked bitcoin. And when people join a project, they often don't know the historical narratives (nor care), so they adopt the current narrative as the "real" one.
NEAR seems to be building decentralized tech but the fact that they're also building for regulatory compliance is a huge red flag.
As the saying goes: "The purpose of a system is what it does." And they're helping to build parasite tech in the name of "optionality" and "user choice". It's one of those things that sounds reasonable to rational minds (which is how parasite narratives work btw)... but when you dig a little, you realize what they're promoting isn't liberty... it's building doors to let the government in.
Liberty tech, including liberty narrative, is that which never compromises for the sake of being accepted by parasitic institutions and governments.
#DarkFi
I've thought a lot about this now.
In fully decentralized, permissionless systems, no one can stop good people from doing things with their money, but no one can stop bad people either. An acceptable trade.
Permissioned systems let you stop bad people, but let you stop good people too. Over time these get co-opted and end up stopping far more good people than bad. No good.
NEAR Intents seems to have struck a balance between these by doing two things:
1) Differentiating between permissionless network/contracts and more permissioned apps on top of it
NEAR is permissionless, many elements and contracts in the whole Intents stack are as well. But the main app on top, the 1Click API and the solver bus, are centralized.
Anyone can build out competing parts of the stack: a new solver network, a more permissionless replacement for the 1Click API, Omni Bridge replacements, etc.
Rather than a unified decentralized system, it's a half-decentralized system that allows for a patchwork of competing centralized (or decentralized) systems.
2) Programming automated transaction filtering as part of the decentralized system
The SHIELD system detects theft and other criminal transactions and flags them automatically, similarly to how something like THORChain would detect insolvency and automatically pause the network.
All decentralized cryptos have specific consensus rules. NEAR Intents attempts to add SHIELD checks to consensus rules. In this way, it's still a permissionless system, it just adds "not stolen funds" to consensus rules, or attempts to.
Will this work long-term?
I don't know. It may. I think it's a few steps forward and a few steps backwards.
The good:
Long-term, I think a "separation of powers" is the right approach. Companies may want to avoid having funds co-mingled with hacked funds when they do swaps, so allowing the system to have "clean" fund pools unlocks extra utility.
I also think it's a very noble goal to try to automate in a permissionless, decentralized way the screening of stolen funds. This is one of the most sensible ways I've seen it approached. If it can be done in a way that doesn't end up being a censorship tool, that would be amazing.
The bad:
The NEAR Intents tech stack, currently, has too many centralized elements, and it's far too difficult to use permissionlessly (like THORChain/Maya). If it's too hard, it simply won't be done, and we'll have beautiful decentralized architecture that can be censored on a whim in practice, and that isn't good.
Also, I worry that the inputs that SHIELD relies on to screen transactions could someday be expanded to included anyone from certain sanctioned countries. Once you allow per-transaction screening in this manner, I worry that the pressures may be enormous to censor in the future. "Can't be made to censor" is much easier to defend than "Won't be made to censor."
I'm going to interview @CBarraford and ask some tough questions on the other side. Hopefully we can get the most optimal solution brainstormed for everyone involved. Stay tuned.
David Black retweeted
Blockchains are not specialized; they are all generalized!
Most are making a huge mistake by dividing L1s into made-up categories
In reality, the best chain is the one that does everything: Blockchain design supports & demands it:
Nothing can compete with the everything chain!
Just cake wallet lying about Zano.
It had multiple hard forks for the same reason Monero does... that's how it upgrades. That's not a bad thing.
"very high burden" means they don't want to pay for the man power to do a trivial software update (what recompile and perform regression tests? lol).
I'm suspect there's more to the decision that we're not going to know about.
c'est la vie
Zano is already on @coinmoebius.
You can use zano:native alongside the other payment options you already take like Stripe, Square, or other crypto options.
Exciting times for Zano ecosystem adoption: @BtcpayServer integration is coming, with support for ZANO and Confidential Assets.
Where do you want to spend your $ZANO & CAs, such as $FUSD? Tell us on the Zano Forum. 👇
forum.zano.org/topic/117/btc…
Zano is already integrated with @coinmoebius. You don't need to wait for other software to take zano:native and fUSD payments today!
Get started here today:
coinmoebius.com/docs/connect…
Exciting times for Zano ecosystem adoption: @BtcpayServer integration is coming, with support for ZANO and Confidential Assets.
Where do you want to spend your $ZANO & CAs, such as $FUSD? Tell us on the Zano Forum. 👇
forum.zano.org/topic/117/btc…
I added bitcoin:native to the Coin Moebius SDK and you can self-host your own node with @coinmoebius.
If you prefer private payments, you can also run your own solana:moJA7YR7ZfCsfAnjQwR94zjmn886ik9KchMjBnrpump node instead.
Be your own payment provider by self-hosting your own Bitcoin Cash node.
Slap our buy button on your website and take bitcoin-cash:native payments.
Don't want to use @coinmoebius, use the open source SDK to build your own server.
Now you can self-host your own Bitcoin Cash bitcoin-cash:native node and take payments using Coin Moebius!
You can get started here:
coinmoebius.com/docs/connect…
This is a symptom of companies not knowing how to put users first in the face of not knowing how to monetize.
They choose the casino because that’s where the money to stay afloat is… so the users suffer and the company eventually crumbles because they forgot what made their product useful in the first place.
“Casino UI” is a brilliant observation.
Bitcoin Cash bitcoin-cash:native folks... I need your help here.
I'm trying to self-host BCH for merchant payments but all the software I'm finding is either out of date or not compatible with Mac.
I need to generate addresses on the fly for payments.
The only solution I have is to use Electron Cash, Fulcrum, and BCHN. Fulcrum, unfortunately, doesn't support Mac so it has to be built from source... not ideal.
Does anyone know of a way to self-host a BCH node that can generate an unlimited number of addresses for payments?
This seems like the biggest gap in the entire BCH ecosystem. I would've figured someone, somewhere would have built these features.
Anyone have any thoughts or solutions that don't require 3rd parties? Bitcart is not a possibility here.
Dude... this was an amazing issue.
It's finally out - ABSOLUTE BATMAN #25!
This is our biggest issue so far, and wraps up the latest story arc from me and Nick Dragotta. HUGE moments in this one, and it'll set the stage for the entire series going forward. Pick it up NOW, and thanks so much for everything.
I don't understand the need to hate on this. Hustle culture is a cancer. Enjoying where you work, playing, and having fun should be the minimum for office jobs.
Why the fuck else should you go to work and grind for an inflationary dollar that's going to get taxed to death anyway?
You get one life... enjoy the fuck out of it.
David Black retweeted
Macklemore’s ‘Free Palestine’ sold-out show kicked off in Dublin with special guests Hozier, Kneecap and Ed Sheeran’s own backing band rollingstone.com/music/music…
David Black retweeted
We just aren't doing enough to stop Israel.
We aren't. The genocide continues. Brutally so.
It's not that anything we are doing is wrong, it's just that it's not enough.
Not at all.
We have to do things we haven't done yet.
Otherwise Israel won't stop.
They won't.
Legacy institutions trading or using your coin isn't proof of "good".
We need to stop pretending parasitic institutions matter.
Monero wins because it's private-by-default. zcash is just gmail with privacy features. There's no comparison here.
I think Monero has value and is probably oversold but ultimately has a lower TAM than Zcash
At first I was a Monero maxi bc I believed in the absolutist view of privacy. All transactions have to be private or else the leakage makes the system non viable
I’ve come around. Money is a social technology. It exists within the context of our society and institutions
Look at a private Swiss bank account. What’s so dope about it? The fact that it’s still a fully functional bank account. The fact you can buy groceries, pay your mortgage, etc… all from the bank account is what makes it dope. If the Swiss account was rejected in 19/20 venues, or you could only buy drugs with it, it would be inherently less valuable
This is the root issue with Monero. Is it private money? Yes. Is it good private money? No, or at least it’s less useful private money. Institutions cannot come around to integrating Monero for the simple fact that sometimes in society, you just have to prove your money is not from terrorist money laundering
Monero is also just less competent than Zcash, which matters during this time of AI stress. No formal verification, No quantum resistance, FCMP++ is cool but on an unknown timeline, etc…
