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Li₿εʁLiøη Profile picture
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Feb 14 • 4 tweets • 1 min read
1/4 There are voices for and against KYC and #ContingentStaking
In favor are those who are not against regulators and encourage mass adoption regulated by governments.
In this case, for me, it will be banking 3.0.

Others advocate privacy.
2/4 Remember the strong discussion in the Bitcoin community regarding the size of the blocks, which led to the Bitcoin Cash fork in 2017.

Do you think it is impossible for a Cardano fork to happen?
3/4 It would remain, the current Cardano, from IOHK, with KYC, and all compliance with regulatory standards, such as a bank.
4/4 The large multipools as Binance would go there (MAV?), and a Cardano for the people, without KYC and with Privacy, to later evolve the protocol to Ouroboros Crypsinous

iohk.io/en/research/li…

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More from @liberlion17

Li₿εʁLiøη Profile picture
Feb 15
1/8
 You may have wondered, (I have), how on earth can I use an anonymity network when they will be heavily prosecuted?
It's very "romantic" Cypherpunk philosophy, but it's almost like living outside the traditional system.

Let's be practical.
2/8
 The answer is that for certain uses it is very useful. Let's see.
Cardano is a blockchain that will surely succeed, because of its good design but also because it is regulator friendly, then institutional investments will be allowed.
3/8
 The key here is a proper balance so as not to be banking 3.0.
So, you can use Cardano and similar blockchains for certain uses, but when you need strict privacy (or even anonymity) you will use privacy networks.
Read 7 tweets
Li₿εʁLiøη Profile picture
Feb 15
1/6 Many are obsessed with "mass adoption."
It makes sense to think about adoption because #Cardano was designed as an operating system for global finance #RealFi.
We must define what is mass adoption.
2/6 I believe that first is its global distribution, meaning that there is interest in the different citizens of any country for the utility it provides, then the number of people comes second.
It may be a blockchain of use to many but not to all.
3/6 We must understand that decentralization is also interoperability, and Cardano is ready for it. There are other blockchains that have better infrastructure for certain uses and Cardano can bridge to them.
Read 6 tweets
Li₿εʁLiøη Profile picture
Feb 14
1/4 The Cypherpunks' cause of struggle was the defense of people's privacy. The tools they used and designed were based on cryptography.
Thanks to them today we have the crypto space.
2/4 Our job is to defend it and not allow central regulators to restrict the scope, with rules to limit or prohibit them. KYC, to defend society from bad actors is the best excuse for governments to spy on your privacy and actions.
3/4 My article with a brief summary of its main actors:
liberlion.medium.com/cypherpunks-88…
Read 4 tweets
Li₿εʁLiøη Profile picture
Feb 13
1/4
 Three of my articles, published a year ago.

I understand that most of them are not anarchist, but this philosophical perspective can perhaps give an unknown point of view.
If you are interested, read them with an open mind and understanding the concepts. 🧵
2/4
 I don't intend to turn you into anarchists, but to make you think outside the box.
medium.com/coinmonks/cryp…
3/4
 medium.com/coinmonks/dao-…
Read 4 tweets
Li₿εʁLiøη Profile picture
Feb 10
1/9 How the degradation of #Bitcoin begins.
A lesson to learn.
The remembered block size battle led to a hard fork, the Bitcoin Cash blockchain.
2/9 Bitcoin Core developers have always denied the possibility of increasing the block size, but have introduced patches like SegWit and Taproot to gain efficiency.
This allowed data to be aggregated on the blockchain at low cost.
3/9 Nearly 50,000 NFT Ordinals already issued in Bitcoin.
Non-fungible tokens created and hosted in Bitcoin.

The data added with Ordinals is stored in a part of the block known as a token, where the transaction signatures go.
Read 9 tweets
Li₿εʁLiøη Profile picture
Feb 10
1/3 What is the goal of central regulators in the crypto industry?
They say regulations are to protect citizens, but they legislate to control the flow of money and collect taxes to sustain the power of the political system.
2/3 They will pass laws so that you can only buy cryptocurrencies wrapped and with KYC, at heavily regulated CEXs with their CBDCs.

Governments will not allow you owning tokens native to many blockchains, and only wrapped in their own blockchains.
Privacy coins will be banned.
3/3 Adoption will be very limited because people do not challenge their governments and are not educated to understand but to obey.
Read 4 tweets

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