Why Anonymous Decentralized Cryptocurrencies
We are living in an era that will end either in global socialism or in the liberation of people from the yoke of financial enslavement. It is up to us to preserve our rights to independent economic self-determination, lest they be taken away.
The events in Canada have shown what tools a seemingly constitutional state can use when it feels threatened by its own citizens. The freezing of accounts is one of the most effective ways of exerting pressure against “undesirable” citizens. Central banks are working hard to introduce digital fiat currencies and abolish physical cash. Total control is imminent. At the push of a button, any disagreeable citizen can be cut off from money, that elixir of modern life and starved into compliance. Precious metals are a theoretical possibility, but as a daily form of payment, are antiquated and practically useless.
Solutions are to be found in decentralized anonymous cryptocurrencies not subject to the whims of any state. If you have not done so before, now is the right time to look into it in depth.
Based on my extensive in-depth research I give you a little help to find your way in the jungle of thousands of different cryptocurrencies. There are only very few cryptocurrencies that can fulfill the conditions for a free self-determined future. These include exclusively purely anonymous cryptocurrencies.
Bitcoin Core (BTC) is not anonymous but pseudonymous and every new Bitcoin address can be assigned to a person today. Canada has shown that not only Bitcoin but also the seemingly anonymous Monero (XMR) could be assigned to individuals. Whether and to what extent the transaction of Monero was actually deanonymized is not yet known. This danger exists because all sender, recipient, and amount data is stored in some way on the blockchain, which currently stands at 104 GB.
With many so-called anonymous currencies such as Zcash, Dash, etc., it is possible to choose whether a transaction should take place anonymously or not. These currencies should be excluded from the very beginning, as only less than 10% of the transactions are performed anonymously, perhaps because this type of transaction is much more time-consuming and more complex than the non-anonymous transaction. Therefore, any anonymous transaction is immediately suspect. This includes the recent optional extension block soft fork deployed by Litecoin, which for all its technical elegance is fundamentally pretty useless, as evidenced by its apathetic adoption.
When choosing an anonymous cryptocurrency, only currencies based on the Mimblewimble protocol should be considered for shortlisting. The reason for this is that with this type of protocol, no addresses and no amounts of a transaction are stored on the blockchain and thus cannot be deciphered at a later date using supercomputers or quantum computers. With all other anonymous cryptocurrencies, addresses and amounts are obfuscated in a sometimes highly complicated way, but nevertheless stored on the blockchain in some form.
Mimblewimble has the additional advantage that the size of the blockchain is only about 10% compared to the BTC blockchain for the same usage. This is due to the so-called "cut through" function. Excess data is constantly deleted from the blockchain after every block.
Of the cryptocurrencies based on Mimblewimble, only one fulfills all the criteria that a future-proof currency should have:
no premine - no ICO - not a corporation - no executives - no venture capital - no physical presence - no government affiliations - scarce - fungible - censorship resistant - centralization resistant - accessible mining - fast, lightweight, cost effective, scalable - compliant with current and future regulations
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If i'm able to,i would use epic cash but i'm not 100% comfortable and confident to exchange a large amount of fake fiat cash for epic cash. I would use a small amount i can afford to lose.