Good day folks
A few days ago i started a post regarding collaboration of privacy coins, but got kinda stuck and left it as a draft.
However, prompted by an X post by @ lordbutterfly with replies by @ theycallmedan, @ brotokenhive & @ urasoul, i'm just posting the unfinished/disjointed draft (with a little editing) below to prompt some discussion/ideas.
Bear in mind this approach below could also apply to collaberation between other non-privacy projects such as Hive, Koinos, Eden etc. with some agreed upon shared values (and potentially add a privacy layer to them all - there is already a plan for privacy HIVE & HBD on Zano btw).
What if ....
What if bunch of #Privacy projects got together to create a Confidential Asset composed of a basket of Privacy coins?
"One brand based on agreed upon base values"
Would that have value?
i think #Zano has (very shortly) the cabability to enable this.
Why?
In these dystopian days of governments (puppeteers of #thepowersthatshouldntbe) attempting to regulate privacy for many nefarious reasons, #privacy and #anonymity are becoming more and more essential for all.
Do you want your assets to be frozen or confiscated just because you are not wearing pink underpants embedded with spike protein nano-particles and are not crawling on your hands and knees to avoid virusX which is only communicable 1 metre above ground level (or whatever control scheme they come up with next)?
If not, then you might well benefit from holding privacy coins anonymously.
At the moment the Privacy coin sector is quite small compared with all the other cryptocurrency coins and tokens out there.
The leader of the privacy pack by market cap is Monero (XMR), yet Monero is only no. 27 in market cap order of all coins/tokens, and is i think approximately to all the other privacy coins put together.
i'm not sure how this could work, i'm just "shooting the shit" here. i don't know if this idea has value but i guess i'm writing to seek opinions from others.
For sake of ease, for now i'll call this potential #ConfidentialAsset PRIVU (Privacy Coins United).
Perhaps PRIVU could be a "basket" of all, or selected privacy coins. i think this would add an additional layer of privacy too, and help all with united marketing.
The basket could contain, for example, some (or all?) of the following (in no particular order):
Monero
Zano
Firo
Beam
Epic Cash
LiteCash
OXEN (doomed to be replaced)
Scala
Zephyr
Verus
Dero
Haven
Ghost
Ryo
Conceal
Privacy
Lethean
Grin
Pivx
Particl
Incognito
Zcash
Secret
Qortal (maybe - not privacy yet, but it's pseudo-anonymous - like a paralel internet)
to name but a few.
Questions
What would be the criteria for eligibility to be included in the basket?
What proportion of each coin would be held in the basket?
Who would decide on which coins to pick and the proportions? A privacy DAO with #Matrix8 Community governance, like the layer zero (or layer -10) ?
What if PRIVU was only listed and available to buy in a privacy DEX's and on a "parralel decentralised internet" - like #Qortal ?
Add your questions/thoughts in comments below please.
Sat Nam
Atma
#lotus #archon #pgm #fun #proofofbrain #palnet #PGM #OneUp #thoughtfuldailypost #vyb
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You would need agreed upon parameters decided on. That ofc is difficult but not impossible to do.
Even on the most basic level on CEXes it would just be a call on token purchase when the financial instrument is bought. The bundle/basket a proof of parameter compliance.
Eventually I think someone will do it, we probably wont be the ones that do considering how bold it is and outside our comfort zone, but I thinks its an interesting enough idea at least to discuss.
Are you aware of The Matrix-8 Solution?
No, I am not.
In a nutshell, it is a blueprint for a base layer for a multi-level decentralised, anonymous, reputation & concentrated consensus system to facilitate collaboration for very large groups of people. "Cause Groups" can use the platform but only individual humans can have an anon ID & Trusted Reputation score which follows them in any Cause Group using the system.
#matrix8
Not a really good example, compare anything to privacy coins, projects.
Basically, those are the only real crypto people. Basic principles missing from all other crypto projects, the motive behind a privacy crypto project, user, not even comparable to all the other surveillance coin, projects, users.
Even here, simply using Hive, we are supporting a plan B for the CBDCs. An alternative solution, what for 99% of cryptos are suitable and can be turned anytime, within a short period of time. (and i know, what some people say, it's not possible, takes lots of efforts and all the cryptographic aspects, but we know, that's not true. 10 years ago, bitcoin was called private, today we know, it's not, so another 10 years, and all mass surveillance, control on all other cryptos easily can be possible.)
So, the nowadays privacy coin users, in core, are the people who used bitcoin 10 years ago, but at least huge percent. They know about other privacy projects, cooperate with them, there are sizeable coverage between users and projects.
Not following all, but not like on Hive, where you almost never hear anything about other simiilar projects, in privacy crypto world, it's kinda natural, very common. so i don't think, something like that, what you mentioned necessary, could work, benefit anybody.
if you see the marketing side: Monerotopia has all kind of other privacy projects every year, and obviously the system owned mainstream won't do marketing for their enemies, so what more marketing you could do?
that's the free marketing for them, what govs, banks, big corps do everyday. If people are so dumb, that they are ok with 100% enslavement, regular daily legal robbery, total surveillance and control, and they even support that, no marketing will help, no baskets of privacy coins will help. (very easy to find privacy coins, projects, also very easy to use them.)
people are stupid and most of them accept the worst nightmare kinda fake reality what the 'owners' represent them.
Crypto is still very new. Adoption has a long way to go. However, cryptocurrency seems the logical next step in financial evolution for anybody who has read Shelling Out by Nick Szabo.
What do you think about the coin idea?