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submitted 1 week ago* (last edited 1 week ago) by aldalire@lemmy.dbzer0.com to c/monero@monero.town

I've been contemplating about Monero's place in society. If Bitcoin is (debatable) "Digital Gold" then Monero is a non-custodial Digital Offshore Bank Account.

There has never been a point in history when there's been a means to hide your wealth perfectly. The possiblities are endless (i've also drank too much coffee this morning). It is a way to break free from the chains of debt.

Struggling to pay off your medical debt? Hide all your money in Monero, tell the banks to screw themselves, declare bankruptcy, and rebuild your credit score after the dust settles. Too much student loan debt and afraid they'll come after your money after you default? Hide your money in Monero and tell those vultures in Sally Mae to fuck off. (I skipped a couple steps and important details here and there)

Credit card debt? Chapter 7 their asses and they can't touch your money when it's protected by ring signatures lmao get fucked.

Of course, you still have to protect your assets such as your house. I haven't tried these strategies out yet, as I still haven't been forced to the brink with my finances. But when the time comes, instead of waiting for the government to implement more robust social safety nets, Monero can protect the wealth I have rightfully earned through my labor.

Personally, my father is getting crushed by credit card debt. I think he's paid more interest than the principal amount to those lowlife banker scumbags. Fortunately he's able to survive, but he could be in a better place.

Any other scenarios where people can adopt an adversarial strategy against the system? More ways out for people suffering as an economic debt slave? I would like to see a "guide" for this too, a way to more perfectly say fuck you to debt collectors.

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[-] tusker@monero.town 6 points 1 week ago
[-] Scolding0513@sh.itjust.works 6 points 1 week ago

It's pretty crazy how a 10 minute setup from your armchair provides more privacy and security than something complicated like offshore accounts

[-] tusker@monero.town 5 points 1 week ago

This is what happens when the market can innovate without the state mafia being able to stifle it, like they do with almost everything else.

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this post was submitted on 22 Jun 2024
11 points (72.0% liked)

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