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You may not want to hear this, but Monero is what Nakamoto, Finney, et al. wanted Bitcoin to be: Private, unstoppable, P2P internet money Bitcoin has been captured via financialization, regulation, and KYC/AML Every transaction on L1 and most on L2s are permanently recorded, tracked and analyzed by powerful AI chainalysis tools. Monero is pure cypherpunk money. View quoted note → image

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Let’s assume wallstreet and friends captured BTC; and it seems they have at least financially;… then couldn’t they capture Monero even quicker judging by it’s small market size…? Is Monero able to prevent this from happening? Paper Monero, shady OTC deals and wallstreet controlled whale coins. Same shit show over and over again as often as they want, cause their money printer can just go brrrrr… :)
↩ replying to Garth Algar
The answer is one that might surprise you. 1. Assume your project is already compromised 2. Assume Intel agents are involved in the project 3. Encourage anonymous devs who have less attack surface IRL (we already assume some are compromised) 4. Only ever use decentralised, censorship resistant public channels for decision making (assuming there are hidden coalitions/communication) 5. Focus on one thing and make it the overarching goal 6. Hope that forces of liberation outweigh the forces of control by constantly contributing to more freedom through the development of the tech (which inevitably will raise its opponents) 7. Align incentives by paying out in the project currency 8. Make dev process and funding transparent and auditable 9. Encourage the community to use decentralised communication channels 10. Invite criticism /auditing and make utva cultural corner stone no one can question with good faith. Monero community overall those pretty well, though I see some potential for improvement and reliance on devs (some public ally known) as well as centralised infrastructure, though it akready waned a little bit (reddit).