• 36 Posts
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Joined 1 year ago
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Cake day: June 18th, 2023

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  • Fraud ceases to be a concept if we want to operate outside of the system; the values that exist in this space are pure values of ethics. Right and wrong. Fraud is a way for the system to label actions that it wouldn’t like or is damaging to the system.

    But sure. Legally you’re correct, hiding assets when filing for bankruptcy is fraud. But is it fair? Is it fair for credit card companies to charge 25% APY? 4 or more years of paying the minimum amount, or close to the minimum amount, which is what some people can only afford, then the interest increases as much as the principal amount of the debt! This is textbook usury. I personally think it’s debt slavery but some people disagree using that term in this case, which I acknowledge.

    Some people rack up debt all the time, from spending 6 months off work to take care of a loved one, incurring a personal injury that takes someone off work, accidents that cost tens of thousands of dollars to recover from. Should they then be consigned to this financial debt system now?

    Fraud or not, I value Monero because it allows us to have tools to operate in ways the system doesn’t like us to operate for our benefit.

    I am certainly not advocating to use these strategies for personal gain. But when it’s a matter of survival and escaping the cycle of debt, there is valuable information in knowing the ins and outs of the system and general legal recommendations so people escape their situations with their wealth still intact.




  • aldalire@lemmy.dbzer0.comOPtoMonero@monero.townMonero as a Digital Offshore Bank Account
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    3 days ago

    I hear a lot of Monero people warning against an “Orwellian” system or a “Dystopia.” And that somehow Monero can protect us from that. I really do believe Dystopia is now. People are suffering under the economic systems, with the government wielding its favorite weapon, debt, as chains to control people and prevent them from economic freedom.

    I would like to see guides on how to do this, more specific recommendations for people under these circumstances. That’s more of what I want to see from the community.








  • By that point i don’t know what utility Bitcoin would serve, after it’s been co-opted by institutions. After all the big players buy up their share of bitcoin, what now? They’ll just have very expensive strings of bits in the end that’s expensive to move around

    It doesn’t make sense when you play the “store of value” tape through. Even OG austrian economists admit a currency is a store of value only if it serves a purpose of medium of exchange.