Latest / Monero Talk / Achieving a thriving Monero Circular Economy with Alaskanon | EPI 326

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Achieving a thriving Monero Circular Economy with Alaskanon | EPI 326 · Monero Talk

• Doug All right, Alaskana, what's going on, man? Alaskanon Good. I'm in paradise right now. I don't know if you know that but it's paradise. Tell me more Well for those of you listening who aren't part of the Monero circular economy It's chaos and everybody lives in an igloo and you'll be eaten by polar bears. Alaskanon But for the rest of you This is the place. It's got the resources. It's got the freedom. It's got everything the man could want out of life and You know in the winter months if you don't do the cult, there's always Argentina, right? Alaskanon But maybe more on that later. We'll see Doug Yeah, man, I think, what did I title this one? I don't even know. Oh, achieving a thriving Monero circular economy with Alaskanon. I was thinking we could talk about that a little bit. Feels like we're on the precipice of a tipping point here with Monero adoption. Alaskanon Well, it plays into the larger, the larger fundamental forces that are at work, right? Because it's trying to think of things in an adversarial way, right? You always try to assume it's either you versus them, right? Alaskanon So at every level, like there's the state in pre -humanity, as most anarchists know, or, you know, that it's not left versus right, it's the controllers versus you at every level. Well, if you think about how we got to the point where they were able to decouple the financial system from hard assets, it was this idea of lurching towards a basket of depreciating currencies that were measured against each other. Alaskanon So when people look at like the dollar index, they're indexing it against other collapsing currency, and you slow the collapsed enough to kind of like that old frog in a boiling pot of water analogy, right? Alaskanon Where there's enough of a normal sea bias where nobody observes the robbing of their own purchasing power, because they're not looking at gold prices over time, they're not looking at, you know, how Monero holds its value. Alaskanon Well, the thing is, there's kind of a limit to how far that can go, because Gresham's law, it still seems to be in play. They've just kind of found a way around the observance of Gresham's law by inflating it with all of these other currencies. Alaskanon Well, right about now, you have almost every nation in the world trying to juggle both a recession and an inflation problem, right? So they're trying to juggle to what used to be kind of contrarian indicators, right? Alaskanon So if your dollar was depreciating, then in theory, your economy would be growing, right? And so what can you do about it? You can cook the books, you can slash all the currencies at the same time, like what happened with the Wu flu, right? Alaskanon But in the end, you're always going to lose that battle. And I think the adversaries, they're trying to pivot to some kind of other system, and that's not going well for them. Because after all, lizard people are humans too, right? Alaskanon Or whatever you want to... And I think that enough people, especially as I've said on the show before in the productive sectors of the economy are particularly astute in these things, they see that they need a place to be able to store their purchasing power for one, but they also need a place to be able to circulate within their own economy. Alaskanon And people will find their way to things like Monero over time. So absolutely, we're clearly at a point in time where the getting is good, right? I mean, XMR Bazaar, for example, wasn't really a new idea, but it was at the right time in place. Alaskanon I mean, it's definitely the implementation is a newer way of doing it. It looks great, by the way. And it's thriving, clearly, it's thriving. But what we find ourselves in is this Gresham's law is finally taking effect. Alaskanon It's finally, it's got a bite to it. And now people are... It's kind of like during the Titanic, where at first people weren't even acknowledging that the ship was sinking and the lightboats were leaving, not totally full. Alaskanon Who knows if that's true or not, but at least the idea was there. And towards the end of it, there weren't even enough lifeboats for the entire, the lot of the people to escape. But I think people are learning. Alaskanon It's kind of the underlying premise here and why Monero seems to be blowing up the way it is. Doug All right, we got like 72 live viewers right now guys like and share. Let's let's get the word out This is how we grow it by the way, right? We need we need Monero people out there Talking talking about Monero spreading the word using it getting getting merchants to adopt it requesting that they accept Monero I feel like that that's our biggest hurdle at this point is The Monero community itself doing a better job job with Communicating the utility that Monero has to offer to people that might be interested in it I think that's like one of our biggest hurdles. Doug The tech is the tech is doing fantastic Put full chain membership proofs coming down the corner. It's gonna be pretty much well, you know bulletproof Now we just need to we just need to grow it right? Doug It's like it's like it's ready. It's got it's got a good base Now it's just like to us Alaskanon sitting on there. It's actually a dig about that with your interview with Rafael Verde. It's like a friendly poke at him about how to circulate, right? So he's, yes, he's being hold, hold, hold, which he's right. Alaskanon I mean, if you were to be totally honest, there's a lot of truth to that, right? That, you know, people should strive to hold a little bit more every day. That should be the goal, like for your own personal finances. Alaskanon But the other thing is circulating, it does pump the bag, right? And at this point, the velocity of a currency is part of the value calculation, right? You, you find out how much something is worth by what people will pay with that currency. Alaskanon And so that's why I went with puddle and circulate today for the, for the lower banner on under my name. And yeah, anybody else, also don't forget shirts like these bulletproof armor, and also his self washing as I've described before, are available at an aerotopia or these mugs that I'm using right now. Alaskanon You can get them at Monero topia for the low, low price of your life savings. But I think he has a discount right now for it's only like a couple hundred bucks for a VIP. Doug Okay. General admission is like $99. We just raised the price. It's $99 for general admission. VIP. I don't know. Yeah. Alaskanon $99 that price has to be lowered right? There's no way you're selling it for $99. Come on I mean, what are you just giving it to these people? Like I was there last basically there's nowhere You're never gonna have more fun. Alaskanon It's not even possible only the combination that is available at that festival is Capable of producing that much joy in a given period of time So ladies and gentlemen, if you don't own three per person in your household these general admission tickets You are a fool because the demand extraordinary I Know I don't know about you, but I'm excited to go. Alaskanon I'm bringing every a whole family is gonna be there Everybody's gonna be there Doug Yeah. I'm trying to get as many people as we can. That's why I keep tickets super low. The sponsors help out in a big way. They allow us to do that. Most of our expenses go towards like flying in, like the devs, right? Doug We try to reimburse them. So expenses add up, but the sponsors cover pretty well, and then it allows us to keep the tickets super cheap. Even the local ticket, we have it set at $25. And effectively, you could effectively go for free. Doug I mean, there's a public element to the conference, right? So people can just come into the marketplace. But we want you to buy a ticket, obviously, if you're coming. If you've got a few bucks, we ask that you contribute by buying a ticket. Doug You'll get the most out of the conference if you buy the VIP ticket because we all chill and hang out at the VIP dinner, which is also with all the speakers. Alaskanon That was absolutely amazing. Doug If you're if you're telling me you live in the area and you're you're interested in coming you can come for free You just walk in it's you know, you'll be in the marketplace and you know, you'll start to learn about Alaskanon I'm gonna tell you right now for your audience watch it I know you know because you were there But believe it or not nerds and devs know how to get down better than anybody Right because you have a lot of pent -up party energy ready to be unleashed Right because they work so hard all the time that when they cut loose I mean, it's it's why all right You got like Mexican gangsters fleeing the area because they can't handle that much parties all I mean we were only on one floor, Alaskanon but the whole building was shaking like it was amazing. So it's go Doug an intense conference. It's a marathon of being exposed to tech and then just talking one -on -one with so many people that you have so many amazing conversations with that it's exhausting in that regard in a good way. Doug You're just turning from one awesome person to the next saying, what can we talk about now? What can we talk about? People leave that conference with thoroughly having exchanged ideas freely with a lot of different people on a deep level, I feel like. Doug I think we do a good job in that. Alaskanon It's something like finding religion and winning the Olympics at the same time is what you can expect when you leave Monero topia. You'll be enlightened. Your clothes will immediately turn into like priestly garments, right? Alaskanon Because it's just how it is. But in all seriousness, people that was out of Doug You eat enough for that honey, and that's exactly what happens now all right here Alaskanon They're starting that money. It's like gaming light rays out of their stalls like you can see people's aura like Within minutes of being present at the conference. It truly was just about the most fun I've ever had in my entire life Doug Actually have to I actually have to agree with that Alaskanon Back from Florida is what Daryl wants to know Doug Yeah, Derraltip 50 cents, any Monero glasses. We do have some extras that I can bring him down there. I can bring him down there and sell him for, you know, a little bit. You know, we wanna keep him scarce, right? Alaskanon They're not just. Well, you just, you make another generation of now. Yes. Doug Yeah, we'll bring them down. We'll bring down some Monero glasses. We're gonna have some other swag. I was just speaking to... I don't know if you remember the artist that was there last year that did a live mural, digital mural, and hit a Monero seed in the mural. Doug Did you know that was even going on last year? Do you remember that? Alaskanon I mean, I've seen those before. I don't know if I saw that mural. Doug Yeah, you know he was doing a live at the conference and he had like a flat screen and he painted a mural and he hid The tea and so he'll be there again this year and he's making He's making our swag for the backdrop behind the main stage for the coffee cup we'll be doing the coffee cups again and We're gonna do a like canvas bag and each one is gonna be actually like a unique puzzle that if solved will Will yield some an arrow just for fun. Doug So that's that should be cool Guys, yeah, X use XMR chat use XMR chat Dot -com slash but narrow talk to send a super chat, you don't have to send a lot Just just use Monero guys the more transactions we get the better to write like Arctic mine has me very excited about that Like it's obviously we always said that right the more the more we use Monero actually the better Utility and tool it becomes like like it literally becomes more private Transactions gets cheaper But already had Alaskanon about that is that's a hallmark of good engineering by the way, most incentives are correct Doug aligned. Alaskanon Yeah, most things get worse over time. But there's one of the few unique cases is like, the muscle and skeletal system of a human gets stronger with use, right? And it's, it's demonstration that it's like this incredible engineering feat, right? Alaskanon Many would say it's evidence of like divine authorship, right? Well, you know, Monero has divine authorship because it does get better with use. So for example, the more you use your wallet, the easier it is to use your wallet, the more transactions there are in the Monero blockchain, the cheaper and better it gets, the more no, the more private it gets. Alaskanon Yes, exactly. That's one of the reasons why I'm so excited for the nodo, which you can preorder your nodos immediately. I'd love an update on that by like Saturday too. I don't know. That that's some exciting technology because once again, Monero demonstrates with use and with progress, it's becoming a far superior system, you know. Alaskanon And I love the fact that it I've said this before, but for anyone who doesn't listen every week, shame on you. And also, the thing is, Monero has a very unique property in modern software development world of it still abides by the original Unix principles, which is do something by itself and do a well. Alaskanon In other words, you try to accomplish one task well, and then leave yourself open to being integrated with another project, and then using open source software principles. So the idea that Monero has strayed from the pack that all of these other people have engaged upon, which is my crypto is going to do literally everything. Alaskanon And what ends up happening is it does nothing. They become clunky and almost impossible to use. Monero is so easy to use. And it's so good at being private digital cash that you don't actually have to leave that domain would be foolish. Alaskanon Because you can develop a different project for your smart contract. And then each one of those projects will be better than the original could have, than one homogenous project could have ever done. Alaskanon And the fact that Monero has held fast, we're just going to do private digital cash. And that's all we're going to do has now made it the best form of currency that exists to this day. And as it develops, it continues to invent itself again as an even better version of itself day after day after day, you know, it's it's so interesting to see like the new Airbnb. Doug I'm just like, I'm looking at this like holy shit. This is freaking amazing. So here's the dude This is a new one that just popped up They listed it as a business listing which is fine. I guess that that makes sense to do it that way actually Luxury B &B in Israel just looks freaking sweet Alaskanon Yeah. And when I get to my Airbnb in Mexico City, I'm going to totally try to be like, look, the money is in Monero. Like are you going to the conference? You got to go to this conference. You got to find that way. Alaskanon Honestly, two years ago, I was impressed at how receptive the Mexican population is to using Monero. Like actually really screwed me how much they love to use Monero. I was hoping to leave with a lot of Monero, but I ended up leaving with more. Doug the market, the vendors are excited that were coming back because they said they never made as much money as they made in that weekend. Alaskanon Oh, if they held their Monero, they'd like to- Doug L that they would have done even better most of them did it but even just the fact that everybody was using the Renera Oh, if like a vendor was willing to accept that they're like, all right, I'll but I'll buy you know that necklace, right? Doug By the way Alaskanon Like half hour, I went around and I said, look, take the Monero, I'll show you how to use it. But when you're done, I will cash you out in gold, silver, cash, dollars, pesos, doesn't matter. And I add it all and nobody would sell it to me. Alaskanon I think you got like the three people who were willing to sell some of their Monero. Like I was just too slow. Doug was on it, snatched it all up. But most people were, no, I'm going to keep this. A few people, like they wanted to have like enough for their next rent payment or whatever. Alaskanon And that was it. And so as soon as they got enough, they didn't get, they didn't part with their Monero. Like a lot of them kept it all. So. Doug Yeah, we'll see this year. Now that they're a little bit more familiar with it, they might respond differently. Yeah, I'm excited for that. But I mean, Mexico isn't the best place right now for being honest, for trying to grow organic adoption. Doug I mean, maybe it is in parts. I don't know. But obviously, a place like Argentina seems more fertile ground. What do you think about that? Where do you think or maybe some of the? I'll see. We're doing it in Mexico City for all the reasons we've talked about in the past. Doug I love Alaskanon disagree with the premise and what I mean by that is it's all about how you sell it to your audience so there's a large number of Mexicans that would be interested in Monero for remittance purposes for example there are more people in Argentina interested in it as far as like the inflationary properties right and there are people in the United States that would be interested in it for the freedom functions there are people in Germany that would be interested in it for the fact that it's so much like digital cash because Germans love cash right is you have to kind of and I know that's a very generalized statement and each person is going to be a different audience but maybe Mexico City not so much the remittances side of things right but I would say like let's say northern Mexico like along the border or deep in the jungles you would probably get a lot of people interested in the remittances function right but in as far as Mexico in the sense of like let's say the city of Mexico right like Mexico City I should say what would really interest them is the fact that you can cut the exchanges out of the city you can cut exchange rates and you can cut so anybody from anywhere in the world can just spend their own finances natively yeah yeah and then you could almost use Monero as a settlement layer if you need to balance the accounts so that they used to want it access to pesos or access to dollars you know they can buy and sell with their Monero and then when it's time to leave the country if they wanted to settle out a certain amount in which actually kind of brings me to one of the things that I promised I'd talk about on the show which is it's it's so important for us as individuals to figure out how much of each particular thing we want to have in our own personal portfolios right investors think about these things all the time right where you know even if you're like I guess you could say all in on Monero you still want to have some gold you still want to have some silver you still want to have some dollar cash at least for now right and I think that you'd like in a metropolis or metropolitan location like Mexico City they would be thinking in those terms whereas you know in a rural like poorer area of Mexico they would be thinking in terms of how do I eat the most of my own money which is one of the reasons why I thought that XMR chat was so brilliant because you can target people who are highly influential we even call them influencers based on the premise that you keep more of your money and then the audience is gonna be interested to see that more of what they're spending is making it to the person that they intend to spend it right and beyond that like the big tech panopticons business model is already completely falling apart right it's all about electing fees on this thing that thing whatever like the walled garden Apple software model or the you know the super chat model and all of that people are finding ways around this garbage people are finding their way around things like intellectual property now I mean just look at the you might not know what I'm talking about but there was recently this hilarious thing going on between pocket pair and Nintendo about the same pal world where intellectual and copyright lawsuits are just flying around everywhere where we've gotten to a point where for whatever reason these people believe that they have a greater interest in spending their wealth trying to claw away wealth from somebody else's creativity than they do for just making more better games right and there's an undercurrent of people who absolutely despise this world that we're living in making everything cheaper and making everything litigious and making everything all about just robbing from somebody else and I think Monero represents the bleeding edge of the counterculture to that which is I don't want anything to do with your legal system with your finance system with your anything I want you to take my productive energy and I want to use it towards somebody else's productive energy where we are in a free and fair market making exchanges in a peer -to -peer way like that that's what interests me the most because I wonder how much like what so basically what happened is a game developer made a game that is shockingly similar to Pokemon which is Nintendo's like like number one intellectual property and so they're suing that company but the thing is is their game has been stale for like 25 years right and people wanted something different and a couple of nerds made a way better game and they sold like 20 million copies or something in the first week or just like some obscene number of copies and it wasn't a wake -up call for these corporate Giants to make a better game or give people what they wanted it was I'm going to rob that guy over there as if if they had made a better game as if people wouldn't have bought that too you know and there are so many people who are trying to pivot towards a better world and that that's why I tell people get into Monero all of this hinges on getting away from the fiat vehicle system that we currently live in and it XMR chat is just coming off the hook Doug I know, I was checking the Monero transaction count too, just to see, are we going up in transaction count as more people are using XMR chat? I mean, imagine the day though, right? Like an app like this, who knows, right? Doug If you tweak it correctly, and I mean, it makes sense for people to use it. They're not losing on transaction fees. I use it for basketball only. Alaskanon man. I love it. Yeah, it's awesome. Doug So if we get like a big influencer to start using it, that could have a big effect overnight. We're getting some Super Chats, cacti tip 50 cents, hope to meet people there. I'll try not to be shy. Yeah, definitely. Doug Don't worry about it. You're among introverts, right? So everybody comes out of their shell together over there, anonymous tip 50 cents, all hail Monero Chan. Yeah, sure. And then we have another, or we have a question here. Doug Are you following this question? Don't you? Mootox. Alaskanon It calculated the increase of the value transacted over the network for Taylor mission to justify the cost of network security. So that's actually something that we brought up on Saturday. I think you had stepped away for a little while. Alaskanon In fact, I think I brought it up on Saturday, but it's a small group of people having this conversation, but while Monero is still at the size that it is, but also now that Monero has had time since the 18 million switched over to Taylor mission, right? Alaskanon This is the time to analyze what we want to fix the Taylor mission at, and this is also the time to figure out what effect it would have on transaction volume, transaction value. Another thing that comes into this now, like this is really more of a Bitcoin problem for anybody who's not into like the technicals of this stuff, and I'm going to try to keep it like not wordy, right? Alaskanon But there's this technical curiosity as they would put it, or as I would put it, a fatal flaw in Bitcoin, which is this idea of termination dust and transaction costs. And I haven't looked at the latest. Alaskanon So RingCT had already made this almost like not even a problem for Monero, but Taylor mission makes it like definitely not even a problem for Monero. But I don't know how full chain memberships may actually play into this, but the underlying premise is every time you make a transaction on a Bitcoin network, you're going to have an ever like bifurcating chain of UTXOs, they're called, right? Alaskanon So in other words, each transaction is like a new unit of data, okay? Now Monero has like adjustable block sizes, which already kind of eliminates this problem in general. But the underlying problem is you end up with these wallets that have such a tiny amount of Bitcoin on them that can't be merged with other Bitcoin unless you spend a tremendous amount of Bitcoin, right? Alaskanon And at first you might think, well, it's not really that tremendous, but when you think of it in terms of percentages, it's ridiculous, right? It's like huge amounts of wealth would have to be spent to preserve existing Bitcoin because of the size of each UTXO is trending towards smaller unless you consolidate your wallet. Alaskanon Now people would say, oh well, just consolidate your wallet. It's like the real problem with that is any shred of pretense for privacy on the network is immediately shredded when you do something like that. Alaskanon So in other words, if you have a whole bunch of transactions and then all at once you at great cost to yourself try to unify all of those transactions into one consolidated UTXO. Not only did you spend a bunch of money, but now all of the dust from those transactions are in one transaction. Alaskanon So if you know who that person is, now you know everything about all of the other transactions that they've done with some very simple research, okay? So back to the person's question, there's a lot of theory crafting around, okay, well, how do you calculate the increase of the value over the network for telemission to justify the costs of network security? Alaskanon So it's not just the network security, it's a lot of things that play into the termination level for like dust, but one of the things I had brought up was the interest in securing the network with mining, right? Alaskanon A lot of that is covered by telemission and a lot of that is covered by transaction fees. Now transaction fees in Monero are absolutely tiny and they can be because the technology is like, I mean the technology is light years ahead of Bitcoin as far as like if you're trying to use it as cash, it's way better than Bitcoin could ever hope to be and at this point, all they could do is copy what Monero is doing, Alaskanon but if you were to raise the telemission, you would raise the financial incentive to mine Monero, but there's a lot of questions for what, how much is mined by people hacking other people's computer now? Alaskanon It's hard to know, right? How much more mining would take place if you raise the telemission? What effect on price would that have as Monero continues to go up in and I'm not talking about dollar price, although that plays into it. Alaskanon I'm talking about for the value of Monero versus the value of goods and services that are being bought by it. Okay. And so I'm of the camp right now and there are a few other people who are of the camp right now that we may want to revisit 0 .6 every two minutes being the number at the very least from a research standpoint, while that change would be easy to make. Alaskanon And if it was going to change, I'm leaning toward the idea that it would be larger. And so how the tokenomics of Monero works right now is we can expect to see it equilibrium every time there's a price movement in Monero. Alaskanon In other words, the amount of Monero that is being lost or the amount of Monero that's going to a dead wallet or the amount of like, let's say grandpa's got two XMR in a wallet on his phone. He gets into a car wreck. Alaskanon The phone goes into a river somewhere. That two Monero has gone forever. Well, at a certain point, the average amount of loss and the average amount of tail emission are going to equalize. Right. And where that it would how much you have in tail emission, it's not going to change the fact that it will equalize. Alaskanon However, if you had like this absolutely ridiculous amount for your tail emission, then it would push down the price of Monero in terms of goodness and services. Now I currently think we're nowhere near that happening anytime, right, like 0 .6 Monero every two minutes is a drop in the bucket. Alaskanon What especially once you consider a price like 300 or 400 per XMR, it's a drop in the bucket. Okay. But what happens if Monero were to say hit 1000 what happens if all of the sudden it became more difficult to hack a network to mine Monero, right? Alaskanon So let's say somebody came up with some kind of algorithm that was looking for random X and it just became a staple of everybody's security system, right? Would that cause the amount of mining and Monero to go down in a drastic way? Alaskanon Nobody knows. And if it's something that is still currently kind of poorly researched as far as I can tell. Now, just to be clear to the audience who's not aware of what Dundee Botox is saying here, this is not like a flaw in your ability to use Monero or its price stability or anything like that. Alaskanon This is an epidemic kind of question and there are no solid answers, but it bears consideration that when we're at this stage in Monero's development, while we have the amount of like, I mean, Monero is over nine years old now, right? Alaskanon I mean, it's almost 10 years old. We have all of this transaction history where we can kind of get a feel for the effect of our tail emission or before it was tail emission or so on. And we even have really thriving test networks, which might be another place to kind of test these theories. Alaskanon What happens to transactions if you were to, let's say, go to, you know, 0 .62 Monero as your tail emission? And would that have an effect on the security? Would that have an effect on the network? We don't really know. Alaskanon I mean, you can theorize with basic economic principles, but that's still that's all it is, is a theory. So if we were to justify an increase in the tail emission in terms of network security, I mean, how rational is it? Alaskanon We don't know. And I'm sort of leaning towards, at the very least, it's worth doing a lot of research on that topic, especially right now. And if it were the case, it would almost certainly you would want to make it go up. Alaskanon And but what happens if you make it go up and then Monero goes to the moon, all of the sudden becoming a Monero miner is like the most profitable job in the world. You don't know. Or maybe what it prevented going, which is the real risk. Doug Right, right. And what would be the real, you think there's a real potential need there for, I mean, because obviously as more people use Monero, there's more transaction fees that the miners will earn, dynamic block size, blocks get larger. Doug What percentage of the block reward is coming from transaction fees versus the telemission? I don't even know. Alaskanon I actually don't know either. Doug And at what point like these transaction fees become more valuable than a hell of a mission, right? I mean, because if, you know, Monero, once again, as more people use Monero, the better it gets. And that's on a security level as well, right? Doug Because now the blocks essentially are worth a lot more in terms of mining. There's a lot more. Alaskanon Kind of came to me when you remember when we were we were having a Dynamic block size event, right? We had one that was from organic Adoption and then we had one that was from an attack. Okay, and it taught us a lot of things which is for one Monero is Incredibly resilient to an attack. Alaskanon It's I mean that was pretty much the best any non state level threat actor would ever be able to like go right and a few people had to manually set their Transaction fee is all the way and whoever did it. Alaskanon They had deep pocket, right? They they they worked a lot of hours to try to pull that off for a few short weeks But the real consideration for why I'm pushing for this research is the state level threat actor Okay, there are a few governments in the world right now and a few trillion dollar corporations that in theory Could make a mining level attack on Monero For one you would know who it is Okay, Alaskanon which is already a huge incentive not to do for two You could fix it which also makes it not really worth doing but then when you get to the state level Right. There may be governments that are willing to put that kind of effort into Undermining the Monero blockchain and perhaps for some kind of tactical reason, right? Alaskanon so maybe you turn all the miners on just to mess with Monero's network for a little while and then you let it go and You hope that like the fear, you know You hope that like the jolting effect of such an attack is enough to you It's sort of like when they delisted it from the exchanges, right? Alaskanon There was a lot of anarchy freak out Moments in Monero when it left for the world of the exchange, you know in part but still a state level threat to Monero's mining ecosystem, it would probably be Significantly harder if you had find it if you financially Incentivize more mining right so there's that and then who knows It might pump the price right it more people are mining Monero. Alaskanon It could in theory pump the price for other economic reasons but once again, we just don't know like it's There's a lot of reasons to think I mean, there's also reasons to say maybe you bring a tail emission down You know But I mean I don't really agree with those at this stage in what we know But there could be all kinds of incentives to mess with the tail emission at this stage in the game but what you don't want to do is mess with tail emission at a later stage in the game because Even if you had the wrong number at that point, Alaskanon you would be messing more with the equilibrium and for those of us who have been watching these things almost all of us believe that Monero has basically nowhere But up to go at this point in time both in dollar terms and in as far as like what you can actually buy with Right. Alaskanon I mean at this point you can buy a Rolls -Royce for Monero here to peer no exchanges. No cash outs. No, nothing So and on top of that with technologies and tools like coin card Coin cards or havano. I mean, what can't you do with Monero already? Alaskanon I mean the answer is nothing There's a hell of a lot more you can't do with a dollar then with Monero So at this stage in the game is the time to find the answer we got Doug We got some some channel, but they're not super chats, but I'm I'll maybe I'll read one or two of these anyway This thoughts on zealous coin and pirate chain So zealous excellence. Yeah, I don't even know what the hell that is Alaskanon My thoughts on pirate chain is it's just not Monero, right? It's just not Monero. And my reason for that, it's not just adoption. It's not just like, if I'm understanding this correctly, isn't pirate chain built on top of a different chain? Alaskanon I think it's like a Litecoin and then Doug Yeah, I think higher. It's like a four looks like a Z a Z cash fork, right? Alaskanon Yeah, but I think both of those run on a different chain, don't they? Yeah, I don't... Doug It's like a z -force. I don't know why we're talking about fire But if this is it we get we got some like I feel like we got some Monero noobs that are being pulled into this Stream which is good, which is good. Doug So Let's let's teach them. I mean I could actually pull it up while your hands. They're all trying to say I was it I was a telegram chat. Somebody says Monero is traceable. Yeah people people who would say in that for a long time, bro the latest you're probably referring to is the the video that was being shared recently, which was a Presentation being done by by chain analysis, right? Doug They were doing a presentation on the tools that they offer to trace Monero transactions Alaskanon You actually read through that stuff or watch another was a video I just like read a lot of stuff on it But the thing is is it was one hell of an advertisement for Monero I mean if you were really actually looking into what they have to go to to just guess right and because that's What they're doing is they're spending absolutely mind -boggling amounts of energy on guessing and It's not even working Doug Yeah, K .T., I recommend you go back and watch a Monero talk I did a couple of weeks ago with Francisco Cabana's Arctic Mind. We completely go through the video that was leaked and talk about it. I mean, the real, the one kind of flaw that exists with Monero is the ability to probabilistically make a guess at who a sender may be by analyzing essentially data outside of Monero, making connections. Doug And you can probabilistically perhaps narrow down as to guessing who may be at the sender. And this is a flaw in rank signatures, which will go away with the implementation of full chain membership proofs. Doug The other thing is running a node, right? You don't want to be using, you know, a nefarious node, what's the solution, run your own node, and you don't have to. So yes, there is there is some potential traceability, some things that can be learned about users in a probabilistic way, but far better than any other project that's out there in terms of being usable as untraceable digital cash. Doug Anybody that's telling you different is lying to you. Alaskanon Well, you have to keep in mind that when people are looking into that stuff, you have to keep in mind, like, where is this all going? Right? Because the original purpose, according to the Bitcoin white paper, now there may be an argument to be made, like with what Raphael was saying that like the smart contract premise that's built into Bitcoin may have been another element of the ultimate purpose of Bitcoin. Alaskanon There might be some truth to that. I don't know. But the thing is, the paper itself says peer to peer digital cash. All of these things require exchanges, sabotage nodes that you're not running yourself. Alaskanon They require linking it to things outside of the currency. And actually, in order to get a good guess, you need at least two of those things, right? But if I make an exchange with Doug to buy eggs or bananas or coffee, and then Doug makes an exchange with somebody who makes an exchange with me, each one of those transactions is quite effectively anonymous. Alaskanon And then each link in the chain makes it even more anonymous. So the underlying premise is, oh, as long as they at some point do business with an exchange, and as long as we can get at least x amount of data from corrupted nodes, and as long as we can get x amount of data from them getting on and off the chain by using some other, you know, transparent blockchain, then we can make a pretty good guess. Alaskanon It's like, well, where is this all going? If people are actually using Monero as digital cash, which is what Bitcoin was trying to sell from the beginning, right, then none of this is even possible. And so who cares, right? Alaskanon If all I'm doing with my Monero is hodling some exchanging the rest, then it is truly private, decentralized, peer to peer cash. And then on the same level, we'll answer this question first, tech tip. Alaskanon Those other chains are just testing grounds for new check that can get incorporated into Monero if it's good enough. But Monero is multi layers of tech put together, not just one. And that's true. I was actually looking it up. Alaskanon It's a commotive. So pirate chain isn't its own chain. It's a chain. Right? Like it's it's so I didn't know it's a chain on a chain. Yeah. And a lot of these things are right. All of these meme coins and stuff. Alaskanon They're all just a theory. And if you really think about it is right, they're counting on a theory to still let them be on there. Or what, you know, and I realized it's hard to just like throw something off of the theory of now. Alaskanon And I mean, they're certainly better than our banking system, right? Like there's no doubt about that. I would rather have pirate chain than a bank account. Right. As a person who's been living we get agree on that. Alaskanon Yeah. And allow me to just make sure that everybody understands if it's Bitcoin versus Monero, then, you know, I'm not interested in the bit. But if it's Bitcoin versus dollars, it's definitely the Bitcoin, right? Alaskanon Like we're iterating here on like many brilliant movements in technology that have taken place. But Monero, I think is pretty much the crown king, as Raphael would put it, because I just watched it not that long ago, but it's the alpha of private money, right? Alaskanon There is there is no second best, even if there's Monero and that's it, right? And it's not to be a Monero maxi. They've made all of the right decisions and continue to make all the right decisions. And unless the devs of Monero were to make some catastrophic error, I mean, then what would happen is somebody would fork it and it would continue on. Alaskanon But the thing is, is like, unless that were to happen, there's no closing the gap. It's not going to happen, right? And to move on with the whole idea of like the banking system in general, for those of you who like dabble in Monero, and then lived in the banking world, you're not paying attention. Alaskanon Okay, they freeze your account for suspicious activity, they freeze your accounts for bank holidays, they freeze your transactions because they don't like who you donated, they freeze your transaction because of your political labor, right? Alaskanon Like the minute that you trust somebody else with your money is the minute you deserve what's coming to you, because you should never trust these people with your money. They've proven one thing, and that's, they cannot be trusted with your money. Alaskanon They never were, and they never will be trustworthy. And even if they were, the next guy won't be. Because we currently live in a regime of banking cartels that exist to sucker you out of your money, fees over here and close the accounts over there. Alaskanon And, I mean, they play games with the price of money to such an extent that they tank the value of your money while you're trying to use it. And then they spike the value of your money when you're asleep, so they can funnel just one more percent of wealth out of your bank every single day. Alaskanon As long as you are engaged in that system, to any degree above your own sustenance, you're only living to feed the beast. Now, if you take some of your wealth and you put it into Monero, you are the owner of your wealth. Alaskanon You're not borrowing it from the bank. Because by the way, when you sign the documents to get a bank account, you are saying, this is your money and I'm going to borrow it from you. And if you doubt me, I dare you to go ask for all of the documents you signed to open a bank account. Alaskanon Read them. Because you are a unsecured creditor to your bank. What that means is, this is mine now and maybe I'll pay you back. That's what that means. And if you are an unsecured creditor, as opposed to a full node operating Monero Enjoyer, you are a shock because you borrowed your money at 0% interest. Alaskanon You will say, oh, I get 0 .01%. Doug skin crawl, man, and they, like, you know, let that... Alaskanon scandalous. A lot of people may not know this, but I'm like a super religious guy. I'm really, really religious. I struggle to understand how somebody can call themselves a Christian and leave their money in a bank. Alaskanon I just don't get it because it's like these people are the, they're literally the parasites that Jesus beat with the wit. The Prince of Peace beat these people with the wit. There are more verses about anybody who's worried about the politics of the day. Alaskanon There are more verses in the Bible about exorbitant interest rates and property taxes and all of that. They just plop right over it. It's not even there. You're actually forbidden in Leviticus from taking part in these systems. Alaskanon I'm just saying, do you just hate Jesus or why do you not have Monero is what I need to know right now from you listening audience. Do you hate Jesus? Why do you not have Monero? Doug Yeah, it's swinging for the fences on that one. Yeah, man, but I think the opt -out community is larger than the Monero community, right? There's a larger movement there of people that are just looking to opt out of the system. Doug That Venn diagram should be Monero overlaid on top and they should be the same. Everybody in the opt -out community should be looking and using Monero. What's your pitch to those? I mean, you basically have already said it in 10 different ways. Doug Well, there's another layer to this. For those people like, yeah, I want to opt out, but I don't trust crypto, this, I want to use gold, I want to use cash. What's the common sense reasoning to those people of why they, too, should be using Monero as the tool of choice for opting out? Alaskanon So a weird question that I posed to some gold, but Alaska has a lot of gold. A lot of people moved up here to go get gold. My first question is always, okay, can you please tell me what is the difference between Monero and gold, right? Alaskanon And your first answer is always, well, gold is real, okay? To which I would say, well, Monero is certainly real. It shows a level of technological like illiteracy if you think that Monero isn't real, okay? Alaskanon Computing power is real, okay? But it's just a different kind of real than what they mean. So what they're actually trying to point to is the substantive nature of gold. To which then I would say, well, isn't that the weakness of gold? Alaskanon I think what you mean is that's the weakness of gold. So if I'm a gold bug, right? Which I am, by the way. For anybody who's not listening, I'm like a gold bug for sure, trust me. But if the reason why you're stacking gold is because you expect there to be some kind of an emergency where you can't use the banking system, wouldn't it be more wise to just undermine the banking system? Alaskanon If you're stacking gold so you can trade it for goods and services in a crisis, right? Which is a good reason to stack gold. However, wouldn't that be precisely the time when there's a shortage of goods and services and the value of your gold is going down? Alaskanon See, when you're fighting a war, you wanna be proactive. Evidence that you're losing the war is when it's being fought in your backyard, okay? The appropriate way to wage a war is to go to the home of the enemy and slaughter them, okay? Alaskanon That's how you win a war, is you kill the enemy, okay? Whether that be disabling his ability to pull the trigger or blowing up their house, this is not an endorsement, but I'm probably on your side if that's your plan. Alaskanon But the thing is, like, you want to take the enemy, you wanna take the war to the enemy. And if people are trying to make the argument that gold is the superior currency, well, not for an offensive war, okay? Alaskanon If you want to beat the dollar, you have to be better than the dollar. Right now, I cannot spend an ounce of gold to buy, you know, let's say 500 avocados, okay? Because I'm in Alaska and there's not a lot of avocado farmers in Alaska. Alaskanon I mean, I might actually end up being the first one, we'll see. The point is, I'm not about to ship my gold to somebody in, let's say, Mexico and hope that I get avocados. But what if somebody made a post on XMR Bazaar? Alaskanon I'm selling avocados, right? I can use my XMR to securely, privately purchase avocados, okay? And that undermines the dollar right there because I'm getting more utility out of my Monero than I am out of the dollar. Alaskanon And one of the reasons people aren't interested in gold is because they're like, how am I gonna take it to McDonald's and buy a burger when I, and then you say, why are you eating at McDonald's? It's disgusting. Alaskanon But maybe they wanna eat somewhere else, you know, it wouldn't get on them. Like, they don't just take your gold coin and supposedly gold is money now, right? That's what they say. But I can take Monero to McDonald's, even though I would never do that. Alaskanon And I can buy some McDonald's with Monero right now. So why would, like, it's already better than the gold. And the other thing is I allegedly, theoretically, maybe somewhere in Minecraft already trade Monero in gold all the time, right? Alaskanon Like one than the other than one in the other. It's a tax -free exchange. Now people who are buying gold for dollars, they're paying taxes on their gold in most places, they're paying all kinds of weird shipping, spot price, whatever. Alaskanon Gold doesn't work is all there is to it. You can store some wealth in gold, but it's not liquid like Monero, right? I feel like gold holders feel, I like gold holders feel like better hold it in case a really bad worst case scenario, so better hold on to gold to be on the safe side. Alaskanon So I think what Tony is getting at is exactly that. Like you hold gold in case there's an emergency. But the thing is, is you still need somebody who wants that gold, who has something that you need. Alaskanon Like if I had water and you have gold and there's a water shortage, am I gonna trade my water for gold? This is not a proactive way to protect you, right? It's like, you have to be proactive in this war and Monero is the artillery shell and gold is like the bunker, right? Alaskanon You win the war with the artillery and you just sit there in your coffin with gold. That's all that's happening, you know? Gold as an investment can make some sense. And I'm not saying that people shouldn't have gold. Alaskanon I'm certainly not saying, okay? But I am saying holding and circulating Monero is the actual past freedom. It's not gold. It's been 6 ,000 years, people. Where's the freedom? Where's this freedom gold is gonna do there? Alaskanon It's not here. Monero is people not here. Doug It's free is is there an XMR bizarre of gold so that exists that I don't I don't believe there is Alaskanon Awful that it Doug I mean the closest thing you can get is it like goldbacks right which we want to potentially integrate into XMR bizarre by the way Yeah, you know that Alaskanon are amazing. Anybody who doesn't own goldbacks should immediately find a way to get their hands on. Yeah. And that's the thing is gold. It's the gold in the form of like goldbacks or maybe like insulating yourself against certain kinds of price action can make sense. Alaskanon Goldbacks are amazing, but it's goldbacks married with Monero, or you can go to a place like monetary metals, right? And you can get interest on gold. Now you can get interest on Monero and Havana right now, I think. Alaskanon I'm not sure because I don't usually park with my Monero and I also don't part with my gold. So I don't, yeah. I mean, actually, except for the boating accident, that was when I parted with a lot of it. Alaskanon I think we had a visitor. No, you can come in. What's up? No, it's not over. Somebody actually saluted Monero Chan earlier in the episode. She made it with her parents. Doug That's what you have a pair of shadows over right now. We got we got some we got some super chats here Alaskanon Man, the world wants to see the most beautiful entire world. I'm gonna mute it for a sec. Speaker 2 Do you love coffee and Monero as much as we do? Consider making gratuitous .org your daily cup. Pay with Monero for premium fresh beans and if you like what you taste, send a digital cash tip directly to the farmers that made it possible. Speaker 2 Proceeds help us grow this channel, gratuitous and Monero. Doug We got tip, tips, we got tip, tips, $7 .77. Love you guys from the bottom of my mouth. Thank you, man. Seven bucks, that's a nice, nice tip. Very nice tip. Is your wife coming down to Monero topia? Of course she's coming. Doug Oh, wow. Alaskanon Of course, that's coming back. Yeah, it was a little bit spur -of -the -moment -last. Doug That's why he's definitely taking you this time. He's not making that same mistake Alaskanon The honest to God reason was I had literally exactly the time of the conference to go. I landed the night before, I went to the conference and I left the day of the conference, the end of the conference. Alaskanon And honestly, I probably shouldn't have done it. My business suffered a lot to go to it. This year I actually took two full weeks off. So I mean, I'm turning into like a full blown vacation and I'm bringing my homies, I'm bringing Yeah, we're all allowed that actually is somewhat of a special guest that you do know, that I have arranged for him to come as well. Alaskanon So I mean, I don't know if you want. Doug Is it surprise? Yeah, maybe keep this. I don't know and I'm curious Alaskanon Do you know this individual and he will be going and I also have a guy from uh, it's kind of like what it um Like they run a server Like email clients web hosting all of that kind of stuff, but they're they're a bare metal server company They're not just like piggybacking off of you know, amazon or whatever, right? Alaskanon Um, i'm bringing him with too um so he can meet some of the people who are in this space to see if they would prefer bare metal that Is a little more privacy folk there So the idea that i'm getting across here if you're not very technically savvy is there's a lot of ways to do things like In whether it's cloud computing or self -posted email, right? Alaskanon um, and there's like kind of a a hierarchy of how in control of your own technology you actually are and short of running your own servers like going to a company That has like their own actual hardware. Alaskanon They're not leasing hardware space is like amazingly secure Because there's they're they're not selling stuff to advertisers or whatever They can host your websites. They can host your email And the other because I know these guys personally, I know that they're not able to see any of my data right, I mean I like know them know them but Um, you you always want to be careful because if if they're not setting up their encryption correctly Then maybe an employee can look at what your emails are or whatever Um, Alaskanon if they can change your passwords, then they have you know That's one of the reasons why for example I use a lot of two to note emails, right because it's more secure than like having a gmail account or whatever But at a company level I host my own email, right because it's you know, corporate secrets, right or Um, but yeah bare metal server provider um, i'm having them come along to just to Interact with the community and offer services that they're basing. Alaskanon Yeah, like very good. No, and i'll tell you that Doug We could add them to adoption alley if you like Andrew Jackson tip 24 cents the money in your bank account number one isn't really yours number two isn't really there and number three isn't really money Alaskanon He said it in less than a minute. He should be on care right now Doug And it should be a short show though, man. We need you to ramble on. Alaskanon I mean people nobody does a better job Eat up air time for the advertising. So right like that's what I'm here for. I don't know you Doug Man, you flow you got you know you got a lot to talk about you. It's a large brain dealing with the large brain over here Alaskanon The way that I would like to divert real quick, because it is going to be talking about this idea of Monero in the circular economy, and you had brought it up, were like these opt -outers. For this audience, although I mean, actually, people that I know that are probably listening right now that are interested in things like parallel economics. Alaskanon And I know a lot of the audience, you hear this constantly, but I just want to reiterate, if you are still in a dollar -based economy, you are not in a parallel economy. So this idea of there's true social and X or whatever, that is like voting Democrat or Republican. Alaskanon You clearly haven't figured it out yet, if you think that you're going to move on to another centralized platform to stick it to the man or whatever. Now, that verse is like the Fetty verse, so you got Mastodon. Alaskanon Now, Mastodon is freedom. Like if you wanted to get away from Twitter and go somewhere free, Mastodon is freedom. Because it is truly a decentralized way to run a social network. The same idea with dollars and Monero versus dollars and other dollars. Alaskanon This idea that you're going to take your, oh, I love it when people say vote with your dollar. The word vote makes my skin crawl, like I just did tries nuts, right? Banging for freedom is what they're talking about, right? Alaskanon They're going to bang for their freedom. And when people say bow with your dollars, it's like pray to atheism or something. It's like, what are you even talking about? By having dollars, you have cast your vote. Alaskanon That's what's actually going on. I like that. When you take a dollar from this guy and you spend it with this guy instead, what you've done is you've changed hats on the same banking system. But if you opt out of dollars and opt into Monero, you have actually made a difference. Alaskanon So this idea of like, we're going to have our help freedom movement. And I've got a granola Monero chance sitting right next to me. Trust me, she feeds me all kinds of green powder, this crap. She's like like pills with all kinds of like plant cinnamon stuff. Alaskanon Like I get the health freedom thing. I'm all about it. But if they're not de -dollarizing and Monero rising or however you want to put it, then they're not parallel economy. They're not health freedom. Alaskanon They're all for your tyranny is what they are. OK. And I would prefer healthier tyranny as opposed to the unhealthy tyranny. And I love what these people are doing. Even some of the scammers out there, at least they're spreading the word that what you're eating is garbage. Alaskanon So even they have a place to, you know, whatever. But de -dollarizing is the path to the parallel economy. And all of these peripheral opt out movements have missed the point. I'm part of almost all of them, right? Alaskanon I'm trying to help people build their hobby farms. I'm trying to help people get out of renting and mortgages and owning their own land. And I'm doing it. I promise you, I'm doing it. Last year, just like so my best friend and I have spent a lot of time helping people build their farm in any way we can. Alaskanon We do it. We do it as hard as anybody ever did it with heavy equipment, bringing in dirt, helping them with soil and all of that other stuff. We do it. OK. Right. But it means nothing if you can't own your land, if you can't own your money. Alaskanon And at the heart of all of these other scams, the pharma scam, the food scam, all at the heart of it is controlling the price of money, which is mostly done by the Federal Reserve and the Bank Consortium and the World Bank and cartels and all of that. Alaskanon They control the value of your money and the interest that is paid on. They can change your mind with a couple of digits on a screen for whether or not you're going to spend a lot of money or save a lot of money or what you are at their mercy when you are in their system. Alaskanon And all of these other opt out movements are a total peripheral thing. And if you're not focused on getting out of the banking system, then you're just prolonging your losses and whatever. There's this. Alaskanon And as far as I know, it's true. There's this idea that Republicans have not won a legislative battle in twenty five years. Now, I'm pretty sure that's true. I don't keep up with politics because I also don't watch soap operas or wrestling. Alaskanon It's simply bullshit. Yeah, it's all lies up here. But the thing is, is this idea that you're going to vote harder or the Republicans are going to save us or Trump is totally into Bitcoin with his new NFT project or whatever. Alaskanon It's like people wake up like this is just trying to keep you on the hamster wheel longer. That's all it really is. And if it's oh, we have this new organic plus movement that's going to whatever. And for only seven ninety nine, you can get a bottle of green powder. Alaskanon OK, maybe it works. Maybe it doesn't. But the seven ninety nine is what you should be focusing on right now. It should be like point oh two six XMR. That's when you know you're free. And sure, when the absolute shad that this guy is sure wave is figure it out. Alaskanon This guy is like a Olympian. OK, he's insane. And the thing is, is he's been saying it forever. Price stuff in Monero. And all I can say is you're right. And we ain't there yet because the tyranny is strangling the words before they get out of our throats. Alaskanon We still talk in their language. We still think in their business models. We still buy with their monopoly money like we're so far away. But like Monero is like the silver bullet to this stuff. So get some Monero. Alaskanon Hold it. Yes, I just won that eight thousand dollar bet, Willie. But just so you know, hold some Monero. OK. And for those of you who don't know, I have a guy with a guy right now, but it's. Doug We are at 239 live viewers right now. I'm going to take a quick commercial break here on this point. We'll get back. You can tell us what that bet is and with who. Speaker 4 Are you interested in privacy, freedom, technology, and Monero? Come to the conference that has it all. Monero -Topia 2024. Join us in our world -class of cypherpunk speakers to discuss all things freedom. Speaker 4 Engage in the Monero circular economy. Go shopping at the open -air Monero marketplace. Join a workshop. Enter a hackathon. Opt out of dystopia and into Monero -Topia at Huertor Roma Verde, Mexico City, Mexico, November 14th through 17th for only one easy payment of $89 for general admission. Speaker 4 Or get the VIP ticket for one easy payment of $249, payable in Monero. And enjoy discounted drinks at the bar and dinner with the speakers. Get your tickets now while supplies last. This deal won't last forever. Speaker 4 Get your tickets now at merotopia .com. Enter promo code 1 -800 -MONEROTOPIA to get 10% off your order. Doug Oh, right. That doesn't get old. Um, yeah, man, that's that's what I met you, right? That was the first time we met was down at Monero topia. Yep, yep. Came out of nowhere, man, like a like an angel like like Moses. Alaskanon I have this funny party in the seas and bringing me a graphene phone. Yeah. Who is this guy? I actually have a running joke about how the guy who actually owns and runs the main company that I work for is also my best friend. Alaskanon He's an absolute genius, but he hates talking to people. In the Bible, you have Moses, like this fearless genius leader guy, and then you have Aaron, his loud -mouthed half -brother or whatever. I actually consider myself the Aaron because I go out and talk to people and shake hands. Alaskanon This guy's just like a powerhouse at getting stuff done and having brilliant ideas, unless he's listening and you're a piece of shit. I mean, this guy, he's like the Moses and I'm like the Aaron or whatever, so it's funny that you draw that parallel because I am like the Aaron side of that duo. Doug So you see the one that you have the bet going on with right now. What's that? Alaskanon It's another guy who also works at that company, but he it's so I have a running vet with a guy who works there who I started as like I was kind of mentoring him and then some other people at the company were like mentoring him and now he's become like very much his own man, right? Alaskanon But the thing is, he's been toying with the idea of entering the parallel economy world for a while now. And finally, he said, All right, if you can convince me when I'm listening to that show, he was one of the people was complaining about how we never did another show, he watched the first show. Alaskanon And then he was like, chomping at the bit to watch the one that he tried to record that went sour. Doug The people will never see that. There's the amazing conversation took place that evening. Alaskanon The funny thing is, I have some customers too, a lot of them I haven't seen in years that will occasionally bother me like, when are you going to do another show? And it's like, there's a show every week. Alaskanon It's like, no, but what are you doing? I have no idea why people want to listen to me rant like a lunatic. Maybe it's just like, what's this dumpster fire? Like those videos of trains crashing into stuff or whatever, it's kind of the same idea. Alaskanon Like, dude, this guy just makes himself look like a fool. It's amazing. Doug because you see things, man. You see things. You know how systems work. You've broken it all down. You understand it. So when you speak, when you speak, we listened. Let me ask you, we've kind of been talking about this in one way or another, but specifically, what do you think we should all be doing right now at this moment in Monero to take it to the next phase, right? Doug We see XMR Bazaar working. We see Monero being used more than ever in parallel marketplaces. What should we be as simple as? Obviously, just continue to use it, but any actionable steps you can think of, average Joe Monero user out there right now that's thinking, how can I help? Doug What should everybody be working on to grow Monero? Alaskanon There's the hierarchy and that the absolute fundamental of all of this get some Monero and hold it Okay, get some Monero and hold it doesn't have to be a lot but get some if you have not done that Everything else it's after that. Alaskanon The second thing is try to spend your extra Monero So have some hold it get some more try to spend it Okay, every time that there is a transaction taking place just ask just ask and if they say no No, the thing is is they've heard of it. Alaskanon So before I go to the next one I just want people to know our Apple pay became such a popular payment mechanism is Apple paid people to set up a terminal and put a sticker on their window. Okay, that's all they did So people saw the Apple pay and they saw the term and then when people who had an iPhone went in there They'd say oh I can pay with Apple most people who had an iPhone were not using Apple But they saw that if they were in the Apple pay system, Alaskanon they could use it there Okay, and that's the thing is sometimes people sow the seed sometimes people harvest Okay, and then there are people and now this is the next one So get Monero and hold it and get some more Monero and try to spend it. Alaskanon That's like the seed planting There's another type of person this may or may not be you if it's not you wait until it is Okay, but there are people who water the seed Okay I see you need to think of things in terms of gardening for the purposes of you're trying to grow Monero adopt Think in terms of growing a plant Okay, you are the kind of person that can water this get out of your shell water the seed Okay, Alaskanon and that can look like a lot of things and each individual is gonna get the opportunity when it presents itself Lord willing right it'll occur to you in that moment Okay So for example, maybe you work in the child support industry, right? Alaskanon And maybe you just tell all of these people that are paying child support Well, I certainly would never catch you if you were getting paid in Monero and using Monero and saving all the money in Monero So just so you know, I I can't catch if you were getting paid in Monero I can't do that. Alaskanon So, you know, if you were to do that, you would get away with it I'm just letting you know that if you pay $700 a month in child support that you could actually keep all of your money if you were using Monero and I would never be able to catch okay, or Maybe you work in the tax system and you could say it would be a shame How quickly I would lose my job if people started using Monero, right or everybody's got their thing, Alaskanon right? And there's always that Doug That could be a good meme, that one, the tax guy. Alaskanon Job kills the family is part of a depopulation. That could be a good shirt But there's so water the seed if it's you you'll know Okay But if you're not like a water the seed kind of guy for those of you listening only I'm using air quotes with my fingers Right now then print out the pamphlets that are widely available. Alaskanon I mean you can get pamphlets on github You can make your own start putting them somewhere Okay at the low low price of whatever it is you can go and print Monero pamphlets at your local print shop And then you can encourage them to accept Monero is payment. Alaskanon Okay, two birds one stone Okay, plant some pamphlets if you're not a social creature something like that. Okay now we get to the harvest Okay, what will encourage people to do this more than anything else? Alaskanon Show them your gains show them the freedom that you have Show them how easy it is to spend Monero and how hard it is to get Monero Okay, and then point out to them the easiest way to get Monero is on XMR bazaar The easiest way to get Monero is to mine it the easiest way to get Monero You know they we had a whole conversation last Saturday about how exchanges are working right now and so on I mean exchanges have had a huge part in how cake wallet is able to do these absolutely incredible things that they're doing right now so get Monero spend Monero tell people about Monero and then Encourage the harvesting of Monero. Alaskanon Okay now there are peripheral things that are more of an organized effort I hadn't floated the idea a while ago I saw Rafael Verde had also floated the idea. So as an institution of Monero adopter We could have ad blitzes. Alaskanon Okay, so what we could do as the community is we could say Just like you did with the soccer games, right? Take one project It's gonna get the message out put a Monero reward behind it and so on and push it out to you in this case soccer fans and gambler, right or you do Influencer blitzes like just a large army of people telling some influencer that is likely to adopt it. Alaskanon I mean, I know That drunk dial me would want me to mention like Luke Radowski, right? Doug And this weekend is a dream opportunity. I don't know if you saw it down in D .C. They're going to be doing like a kind of a big freedom fighter event down there. RFK Jr. is going to be down there with a bunch of libertarians, freedom fighters, celebrities. Doug They'll all be giving little talks down there, speeches in D .C. at the monument type deal. Perfect opportunity to go down there and hand out Monero pamphlets, wave a Monero flag. That's our next wave of adoption. Doug It's that crowd, those people. Yes, it is. I agree. Yeah. And I'm only one man. Obviously, I would love to go down there, and I really am thinking about it, but it'd have to be like I leave late Saturday night, run down there, and then run back to be back. Doug What you see Alaskanon right now is actually like a huge point that I was about to make which is even though all of us can't go down and go to events this and that or whatever one thing that we all absolutely have the ability to and I think Doug you are the perfect example if adoption and if you know the crowd of people such as ourselves were to get to a certain size what we need to do is we need to create full -time employee and here's what I mean by that okay you basically are a like free labor full -time employee for Monero okay you you're working your ass off like it's a full -time job to get the word out every single day and what people can do is they can donate to the cost just send up some Monero okay set but the place you want to start is the devs okay if you are not donating to the development of Monero then you're not really a Monero power you because these are the people that made things what they are today or another thing is be the on and off ramp for Monero people if you are a person of needs okay be the guy who can be the personal peer -to -peer on and off ramp for somebody who is a Monero user and maybe I have Monero I don't have enough money to pay my you know electric bill or whatever be the on and off ramp okay because that's a gap that will close but it closes faster when you are the on and off ramp okay help other people get into Monero that are already interested in doing it there are people who are not technically savvy that are absolutely mentally capable of understanding these things but the distance from here to a Monero wallet on their phone is one tenth the time if somebody who knows how to do it shows them out using Monero on cake wallet is so mind -bogglingly easy but there are still people who struggle with how do I download an app on my phone if you are that guy be that guy okay it takes very little time out of your day there are people who are interested in Monero but have questions and they don't know where to look provide them with resources be the resource if you don't know the answer say hey I'll look into that and I'll get back to you and then get back to them answer their question be available okay that's a great way for all of us to grow this culture on a macrocosmic level you know with your donations of time or finances or whatever so for people who aren't very social the best way to do it is to you know just hey people like Doug to go to a conference or whatever hey somebody else to be the face if you're not that guy or if you're ugly like me just come on a show where mostly just nerds are listening you know what I'm saying like that is so but that said if if you're not that guy then get somebody else who can be that guy free up their time free up their resources to be that guy if you are that guy then you are needed consider yourself hereby drafted get out there and talk about all right talk about it until people are telling you to shut up which for people like me it's not very long but for people like Doug they listen a little longer right like be that guy so that's that's now other than that if you have a business except Monero it's very important publicly except Monero you sure don't accept our bizarre or yes get yourself in order to the point where you are legally and lawfully accepting Monero and make it normal even if you're wearing a because people like to buy crack on the internet shirt you know or whatever XMR Bazaar is an excellent resource for that and each and every user just like with Monero itself is improving a technology so and it's using open source principles it's using now we want to centralize a website like XMR Bazaar because the functionality of a Craigslist or at XMR Bazaar it actually undermines the premise if you have 900 different XMR Bazaar so at least until you can integrate like a fatty verse style thing or whatever but at least for now just use XMR Bazaar okay and hopefully we can then turn it into a fatty verse type of project or whatever but we need to grow the listings make it available for just normal people to be able to use XMR on the internet without having to use an exchange without having to transfer it from you know okay I'm gonna buy some Bitcoin and then turn it into Monero and then make the purchase and then turn it back into Bitcoin and then off -ramp into dollars disappear tip here Monero transactions which is the gold stand okay we want to meet the gold Doug Stand no fees taken by the way at XMR Bazaar. We're just trying to get people together buyers and sellers and They do the transactions on their own peer -to -peer XMR Bazaar doesn't take a fee Neither does tell us my mother chat by the way either does XMR chat and this is that this is how we build up the Network effect I see like I people have been commenting because we have Airbnb Postings coming up here now and people are pointing out like oh, Doug I know there's other crypto Airbnb Sites, maybe they should be using that that we want to bring as many Monero Using people together whether they're using it for Airbnb listings or posting You know for freelance jobs or whatever me bring all those people because we're not that large right now, right? Doug So globally we want to all come together as Monero users Whether we're looking to sell a motorcycle or buy a piece of property I know it's it's like people are like oh that might that sounds like you're trying to do too many things at once You're trying to be like, you know up work plus Airbnb No, this is like the early days of the internet, which is like what Craigslist was right Craigslist All those all those businesses grew out of Craigslist right before Airbnb existed people use Craigslist for Airbnb like postings we kind of want to reinvent that here because it makes sense because we're in the early days of Monero and we use we use this Centralized marketplace to bring together buyers and sellers globally To build up the network effect and that's really where the value is gonna come out of we are rounding out like an hour and a half here Any any any other stuff you want to get out man? Doug Anything any important messages you want to get out there? Obviously people get to hear from you every Saturday on the Monero topia show you're a regular there No, man for better man, dude Oh, yeah, then you might get a hater every once in a while, but you're you are you are loved and definitely by me man You're a bit tremendous help with that with that show and keeping things going You're just a tremendous help in the space And thank you for coming down to Monero topia and bringing your people with me with you and offering to help And I you know, Doug you're not just one of these people at the talks Very much walk the walk and I greatly appreciate that man really do Alaskanon So I just want to say to anybody who's a little more tech -savvy you should consider getting a noto The noto project is about a lot more Than just a self -hosted Monero node, which is very important, right? Alaskanon I mean we talked earlier about how you know a Sufficiently deep -pocketed threat actor could undermine I mean barely any but still could undermine some of the privacy of Certain people who are using Monero in a vulnerable way and then and the noto Eliminates that but the other thing is is you can get rid of sync times on your own wallet and many other Really valuable things with these notos But one of the things that you can do with the noto that I don't ever hear you talking about Doug But I think it's very interesting is a noto is going to be able to sync many wallets So you can have a trusted node for you and your wife and your cousin and whatever And so you can have these nodes that are like you and your friends have your own node And it's a dedicated piece of hardware for that, Alaskanon but it's just the beginning of something. That's absolutely phenomenal Which is trying to decouple Compromised hardware. Okay. So in other words in the world of software We have freed ourselves from a lot of proprietary Issues, so open source software like Linux or you know, like all of these other Open -source projects we are going toe -to -toe with you know, the proprietary centralized Garbage, Alaskanon okay hardware is not in the same state right now. I'm hardware is Dominated by certain companies. Okay, and the noto project is an entry point into something that is a huge battle for freedom right now with tech enthusiasts and also with things like You know generative AI on the way and stuff like if the noto project works It's a way to get the gentleman working on it right now to the next level, Alaskanon which is okay Now we can have a dedicated piece of art Maybe a smart home would be something worth looking into or but piece by piece we can dethrone the compromised hardware world and this is a huge first step to that process and It's doing it where it needs to start which is privacy and control over your own money This makes you your own bank in a way that no one would have ever dreamed of 20 years ago The noto is revolutionary and it doesn't have to be you buy a noto or your friend buys a noto Each one of you buy one noto to share across like five people and then you get your you know your Bible study to buy and like I said, Alaskanon I'm really really just but like Your basketball team to buy a noto and all of you have a wallet on it on a noto that you guys host yourself And then you know you get your friends from work that are using a Monero wallet to sync to that Because you'd be about to realize the incredible amount of work that people like sets for privacy cake wallet Just hosting nodes that are known Trustworthy nodes is a huge undertaking when the entire premise of Monero is that you should be hosting your own node But that's not in the reach of a lot of people and cake wallet did that work for people? Alaskanon But honestly, you know running a node will be so much easier with this technology out there that anybody can do that work with a low low one -time payment of $650 worth the Monero you can have a Monero orange Collectible nota and it is you taking control of your own node Which it's not really a problem yet in Monero But if it were to be attacked by a state level threat actor, it could be a problem This stops it from even happening So if you have the means you and some of your buddies get together buying a I bought two What the point is it's like get an auto use it for your family and friends. Alaskanon There it is right there Thanks for watching! Doug There it is, there it is. So we're hoping to ship. I know we unfortunately, it's been pushed back a lot, but I would like to say for all good reason, but it's not for all good reason. There's been issues with the manufacturer. Doug But in the meantime, we've just been developing it more in terms of software. But we're hoping to ship. In October, we'll definitely have them by the conference. There'll be notos at the conference. Unless something catastrophic happens, but it will happen. Doug We have seven in stock. I just checked. I didn't even realize. Like, wow. So there's only seven in stock. I think we're saving a few on the side to bring to make sure we could have that we could sell in person at the conference as well. Doug So officially, we only have seven in stock that are left for this first round of 100 notos. Tremendous thank you to everybody that bought one. Alaskan, thank you so much, man. That's like everybody's taking a lot of risk with us. Doug It means a lot. And we put a ton of effort into this. And we are closer than ever. I don't want to say much more on it. I think maybe I will do a show. I'll bring the guys up again on Monero Topia, maybe this weekend or the next weekend. Doug And we'll do like another update to let everybody know where we're truly at with this thing. But yeah, they will be shipping in October. Alaskanon important project it's so important because it's not even just about the noto it's about hardware freedom in general it's a like the minute you announced that you were gonna if you know take a project on like this i was like doug you're a fool you already have enough on your plate do you not understand how much of a nightmare this is gonna be but you never seem to understand how much of a nightmare stuff must be so ignorance of bliss my friend yeah because when you're like there is Doug here I'm a warrior like you man like we're saying on the outset right like you you enjoy the fight right you enjoy the battle and I was fortunate enough to Abdullah I mean is he's got skills man he's doing an amazing job he's putting his heart and soul into this he's really put a lot of time and effort and he's he has a lot of a lot of creative design abilities so it's not I didn't realize it was you know not gonna be as as beautiful as he ended up making it it's well the aesthetics are Alaskanon important yeah it also becomes like a sales pitch for Monero when it's seeing Doug Exactly exactly All right bad, and we could we could rent we could leave it off here. We're at an hour and 40 Yeah, man, any anything else you want to get out there now is the time Otherwise what we'll close it out and I'll see you I'll see you Saturday morning on the show But yeah anything else now's the time. Doug No, I'm good. You're good. All right, buddy. Yeah, I don't see any other super chats What is this self posting a note for privacy is not emphasized enough yeah, no, I mean We were standing at the outset of the show too when somebody was saying oh I think I heard Monero traceable This is one of the things you need to be doing to be using Monero the best way possible Running your own note whether you're using noto or something else run run your own note. Doug Don't rely Alaskanon enough people have enough and that's what I know was so huge is because you put it in the reach of people who aren't technically proficient. You know, that's what and once again, it's something that Monero did. Alaskanon Well, Doug and crew did, but like it's something that Monero is doing that other people aren't doing. Like in Bitcoin, they'd like brag about it like yeah, running a node is like really hard, but I do it. Alaskanon So I'm better than you. Do you not understand? Like, that's proof that use whole system sucks, you know, that nobody can easily run it up. If you run your own node, it's like you're actually using Bitcoin almost and then nobody else is actually doing it, but dude, that's a bad thing. Alaskanon Like it's a bad thing. That's why the node thing was so amazing to say, I know what it takes to run a Monero node. It kind of sucks, right? Like it's, but now it's going to be so easy and ironically enough, look at how many people in the Monero community run their own node and look at how many laser eyes actually run their own node. Alaskanon And then I'll tell you where the smart, that's all I'm saying. Like, but there you go. Like no, no bridges the gap between the productive individual and his dollars. All right. Like there you go. Notos. Alaskanon Get one. There's only seven lines. Doug Hasselborg tip 50 cents battle hardened exactly Monero's battle hardened on battle hardened Alaska, Alaska not as battle hardened many Yeah, we you know, I don't know we're in it. We're in it for the freedom. Doug We're in it for the freedom We're in it for the disruption man I mean that's what excites me is that is the disruptive potential and it's not theoretical it's happened Like it's it's like we're rubbing sticks together and then they started to smoke, right? Doug Like the fire is happening now. We just gotta see I Alaskanon Right we put the last nail in the gallows and the bankers are being marched forward you say look that kind of Like it's finally ready to do its job and we now they the enemy is on their way up the steps Doug Oh, man, we're out of the front lines over here, Monero Marines. All right, buddy, I'm going to close it out. Thank you, everybody, who joined us today. Thank you for the super chats, we really appreciate it. Doug Alaskanod, thank you, Matt, as always, and I'm once again, you'll see you on Saturday and very much looking forward to hanging out with you in person. Giving you a big bear hug, hanging out with you and your wife and the fam and all the Monero fam. Doug So yeah, guys, come on down, Monerotopia .com, get your tics, and you can come hang with us in Mexico City. Alaskan, thank you, man, appreciate it. Yes, sir. Speaker 2 Hi, Monero Land, thank you for joining on this week's episode. We release new episodes every week. You can find and subscribe to our show on YouTube, Odyssey, iTunes, Spotify, or wherever you listen to podcast. Speaker 2 Go to MoneroTalk .Live for a full list of places where you can watch endless. 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