It’s becoming more evident to more investors that crypto is the future.
Hyperbitcoinization is upon us. Is it inevitable for cryptocurrencies to take over the world?
I’ve been in the crypto space since 2012, so this isn’t my first rodeo. To be frank, between myself and Mr. X, along with Mr. W and Mr. Z, sometimes it seems like our team has a crystal ball, the way we’ve successfully called what will happen in the market.
Here at The Dollar Vigilante and The Crypto Vigilante (SUBSCRIBE), we promote capitalism, the free and open-source software (FOSS) ethos, and sound Austrian economic theory — some of the hallmarks of libertarianism. We are neither people-pleasers nor politically correct, but we will tell you how reality is, and we always strive to provide our subscribers the most objective analysis possible.
As libertarians, we’re constantly scratching the itch of curiosity and looking where people say not to look. Successful capitalists thrive in doing what the masses are not doing, so we’ll research where others refuse to investigate.
Because of this principled focus, we feel compelled to remind you that Bitcoin (BTC) and Ethereum (ETH) blockchain transactions can now be tracked through extensive blockchain analytics, essentially rendering BTC and ETH transparent surveillance coins.
Bitcoin and many major cryptos are no longer private. There was a time when the pseudonymous nature of Bitcoin was “good enough,” but that was pre-2015.
The ability for transactions to be tracked exposes the holders of these assets to financial voyeurism. By investing in these coins, you expose yourself to future government regulations and breaches by bad actors.
Cryptocurrency is about sound money. It needs fungibility. Without fungibility, it is corrupted. A genuine privacy coin needs to be private at the protocol level. If it’s not, then it is a transparent surveillance coin.
The reality is, “optional privacy” is no privacy at all. Institutions buying these vulnerable assets do not understand what they’re doing to their customers and shareholders; they’re setting themselves up for failure in the future.
While strolling through the woods in Amish country with my dog, I recently recorded a walk-and-talk video where I shared my thoughts on why privacy coins matter. Of course, I covered Monero (XMR), my favorite crypto, thanks to its reputation as the most secure, private, and untraceable money.
I also talked about Pirate Chain (ARRR), which has zero-knowledge-proof cryptography by default at the protocol level. I even explained Halo Arc, the latest development update to eliminate the need for Zcash’s (and hence, ARRR’s) trusted setup.
Here at The Crypto Vigilante (SUBSCRIBE), we did our due diligence for an entire year before we first recommended Pirate Chain (ARRR) at six cents. I wrote about ARRR last month when it broke above $1, and now it’s trading at over $8. You’re welcome!
Many privacy advocates believe that privacy coins such as Monero, Pirate Chain, Wownero, and Aeon are highly undervalued in the market right now. Still, good money eventually drives out bad money.
Bitcoiners need to understand that using the Wasabi wallet or the Samourai wallet is just not good enough for those who want to circumvent financial surveillance and censorship.
So, do you want your digital gold or digital cash to be transparent or anonymous?
Get The Crypto Vigilante Summit videos: https://tcvsummit.com