yes, proper well managed inflation is necessary for fiat currencies

2 reasons
a. population increase
if more currency didnt get printed, generation growth would happen but each person would have less cash each

b. world economics
when other countries grow economically a competing country needs to also economically to stay in the same ranks

so yes  inflation is needed..
.. BUT when inflation outpaces population growth, and printing occurs outside of real growth of production economics. thats when inflation turns bad

in short printing for the sake of printing where each new money lump print does not benefit the general populous but gets lost in the upper echelons of the elite, done just to fake boost the rankings without the funds being used to boost the utility/productivity of the population.. its bad

for centuries people used to hoard wealth
now people see hoarding as something poor people do with your waste

so now they say hodl
people do not have laws that assert they should always use a term.
people can invent a new word and if it makes people like using the new word people will use it

so go ahead make a new term
EG just stop using the word crypto and instead use digital currency.
or make a new word

learn the word FULL or become a FOOL
pretending something is FULL when it doesnt do FULL tasks. doesnt mean its FULL

crypto is more of a shortened word for all cryptocurrency

however some define individual coins differently
digital assets, digital commodities, tokens, coins, meme-stock, crap coins
deflationary currencies,

there is no law on how you define it, there is no law forcing everyone to call bitcoin a 'crypto'.
just use terms that describe them properly(good adjectives/nouns) and make the descriptor popular

moving any asset/commodity/security to fiat is a taxable event
but now CEX's have to report events, means the taxman has proof of events which you then hav to declare in your own filings

the only options are to know enough taxlaw to know the loopholes to avoid tax in such events(legal).. or find ways to swap to fiat outside of reporting services to evade tax(illegal)

main tricks are what the elites do
dont 'spend' value(buy/sell), personally lend value as loans are not taxable
its literally a process similar to fiat exchanging, but word it right and create your own paperwork to show it worded as such, it suddenly becomes a double sided personal loan to each other which cancels each other out the same day(paid in full)

speak to an accountant/tax specialist

being mainstream means more opportunity to get some sats(just not for free, you gotta work for it).. just dont be conned into being told the future is to lock your sats up, and then dive into some other network systems/subnetworks and play around with their IOU balances until your iou balance is depleted and you are made to settle up. losing it all again or staying locked until you have used it all

the $30 incentive thing bottlenecked and broke due to el salv being conned by a LN 'adviser' telling them to use LN instead of bitcoin as a backbone of chivo in 2021
LN had bottlenecks and caused alot of users to be unable to claim their $30 due to liquidity issues of LN. within 3 months el salv closed it and replaced the backbone with a CEX(alphapoint) as the accounting and withdrawal system(custodian) of chivo value/transfers. majority of people just gave up after the first phase and didnt use chivo again. even under alphapoint CEX custodian services.

not all el salv citizens even used chivo in initial LN phase and not everyone signed up to alphapoint in second phase. so the "over 5 million" is an exaggeration. the database the script kiddies ARE SELLING is a con in-of-itself.. (scammers selling to scammers)

as for the 'hackergroup'(script kiddies) giving ATM files for free.. thats because its public info, anyone can find the ATM masterdocs, the ATM manufacturer is not even el salvadorian.. the manufacturer sells ATM's and maintenance guides/access to files to franchises like its candy

you dont need to hack a government to get the files. and there was no government hack to get them..
these files are just a phase two promotion by skill-less script kiddies, hoping of proving they are hackers.. but they failed

there initial phase of the database of citizens is their hope of a money maker. hoping scammers would buy the database.. which the script kiddies didnt get much custom so doubled down pretending to be hackers of the ATM files as hope of proof of being legit hackers.. and as i said failed to prove anything

blackhat pretends to not care about taint... but he does care.. thats why he thinks mixers are needed

also you have things the wrong way
fiat is money (a common medium of exchange)
anything can be currency(even sexual favours from your wife in exchange for getting her a gucci purse)
currency is a broad term which has sub categories: money(legal tender(fiat)), asset, commodity
money WAS valued, pegged to a commodity when backed by gold. because gold is a commodity
but money does not need to be a commodity to be money.
the features of commodity of money were replaced by laws of value (tax, min wage, accountancy, fines, debts)
yep fiat is backed by something even now.. government laws which make it circulate commonly as a medium of exchange

also if you want to be informed learn the word fungible
commodity has closer features of fungible. such as all wheat on the commodity market is treated as the same quality/product even if grown slightly differently on different farms
however we know not all wheat is the same.. in reality.. outside the commodity stock market
some wheat can have disease, have less/more wheat germ, be GMO, organic, etc

thats why fungibility IN REALITY is not a yes or no. its a scale.. and yes majority can be treated similarly, but that does not mean all are equal. its a scale not a binary option

however money is not binary option fungible, people treat and value money differently based on geo politics, local values and labour differences, taxes, etc

take some real world experiments
if you had a $100 bank note. and some stranger came upto you and said "nice bank note, can i have it.. i have here a $100 you can have"
the initial REALISTIC response is not to just say yes. but instead in the real world you would question what that strangers motives are and you would presume his bank note is dodgy as he seems a little too eager to get your note but relinquish his own so easily

so people dont treat things equally, they do question the other persons holding

if btc was truly fungible (in your definition) there would be no reason for mixers
now ask yourself why do you and blackhat need mixers.. i dont need the answer but ask yourself and be honest to yourself

we all know the answer. but it time you start telling the truth to yourself

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the only reason blackhat is obsessed with promoting btc is fungible is to con innocent people into giving up their clean coin so he can off load his dirty coin..
if he really thought it was fungible he would not want/need/promote/be part of mixing. he would just hoard his coin as is and not look to recruit victims to offload his dirty coin to

let wait a few years for black hat to have a real revelation

money is not fungible
money does not have to be fungible

blackhat just thinks a narrow path that fits whatever he is promoting

2 people working the same job same hours same location.. one only needs to work 40 minutes for $10, the other works an hour for $10

walking between 2 shops on same major road. $2 can buy a whole loaf of bread, however a mile away that same $2 wont be enough to buy a whole loaf of same brand bread, same day within 20 minutes..

money does not mean the same value to different people

heck even someone receiving $100 from a relative on their birthday is treated differently by the tax man than someone receiving $100 from a days income from work. or $100 in investment gains from a investment sell

1btc to someone in a icelandic/slavic region is worth $25k of mining cost
1btc to someone in the pacific island regions is worth $110k of mining cost
1btc to the market traders is worth $67k

someone would prefer to mine a fresh mined coin for a premium than receive mixed coin even at discount

running a fool node is not a full node(they sound the same, but not the same)
once you start pruning/stripping data and not validating data you are not a full node, you are not part of the same security level of full node network of peers that offer true IBD to new full nodes nor are you able to then relay certain unconfirmed transactions as you are not validating full length data of transactions such as signing proofs after certain opcodes

but yes gmaxwell sees a future where actual full nodes are not a free offering/open source, but instead a SaaS people have to subscribe to
.. and their lays the rub.. core dev wanting to privatise full nodes and pretend the free(fool) version is "full" when its not

lets clarify something about the ATM's

the bitcoin ATM are NOT el salv state owned ATM's related to chivo
instead its a bitcoin ATM company that has been operating pre 2020(2018+) that came into el salvador 2021+ and got permission to put ATM's in locations of el salvador from 2021+

anyone can get an ATM and then get access to the source files on the internal device..
having the ATM files proves nothing. and doesnt even prove a hack

the ATM's are a private franchise set up by some crypto guy who wanted to profit out of setting up ATM's in many locations.... including elsalvador,

however they are ATM's anyone can buy and then get the source data from one of those devices without setting foot in el salvador nor needing to remote hack anything in el salvador
to me i feel its more of a boring story exaggerated to sound dramatic by not explaining how easy anyone can get to the files. just by buying one ATM from source company

the ATM company/franchise are not some government department/central bank of el salv that created the ATM's and its not related to chivo incidents

..
chivo is a separate software/system/network which the hacker group said they also hacked as a separate event previously.. however i feel this too is an exaggeration. they say they have a database of over 5 million users personal information..
... however 5 million people did not sign up to chivo..
the error in the 'hackers' promoted database promotion is that they cant possibly have a database of over 5million el salvadorians due to the fact that not everyone signed up to chivo to achieve such a 5 million total (even common sense: children and elderly)

...

this seems more like script kiddie wannabe hackers just pretended to hack a database(scam) and want to sell the database knowing those who buy it(other scammers) wont then do anything legally as recourse of being scammed, as admitting they have a fraudulent database puts themselves in a illegal position themselves (scammers scamming scammers)

and as said the latter downloaded files of a ATM are public domain anyway of general ATM that can be purchased.. and is unrelated to chivo
so this to me, is the script kiddie wannabe hacker getting source ATM files from a atm manufacturer. and then trying to make a claim they are genuine hackers to hope it proves their in-genuine userdatabase is genuine..

if anything i feel that the script kiddies simply bought a few ATM's and set them up and just gathered some info from users that used THEIR ATM and then added random details they found from a phone book/open datasource of public info of citizens to fill a list to make it seem like a legit database(these tricks are done alot)
..
meanwhile all this nonsense is then causing people in el salvador to be now afraid of their data(not breached) and now giving more bad rep/distrust to bitcoin and distrust of el salv gov. even though i feel this scriptkiddy didnt breach anything bitcoin sensitive/private nor gov sensitive/private

just remember its not a physics/technical limit. its a dev politics limit. which can be fixed by code once we sort out whos governing the code

one of bitcoins native solutions that made it great was a solution to the byzantine generals problem of governing code.
it used to be able to have multiple "reference client" brands(generals(plural)) on the same network all proposing paths forward where the majority would agree on a path which all generals would agree on to move forward

but got turned into a singular major-general(monarchy/federation) of one brand/controller..
its like united states removing the state senators/govorners/congress and only relying now on executive orders of federal government..

we need to get back to a system without a federal system [singular ruling class with one idealism that counters its peoples needs]
and open it up again to democracy of multiple states(representatives/repositories) that unite/vote on a common good of the people

DCG sold coindesk to NYSE ex president tom farley

part of a AML investigation is for CEX to analyse coins.. let the transaction process but report it authorities if it meets a suspicion threshold
if they get an alert back in the form of court order then the CEX would freeze an account, but the CEX cannot explain why. its then upto the authorities to contact the user and explain when the authorities are ready with their investigation..
yep under court order and AML policy CEX cant explain or inform a user is under investigation
yep under AML policy CEX cant freeze/seize funds without a court order

CEX's that dont quite follow all of regulations adopt their own business practices of putting terms&conditions into their user agreements that pretty much give them permission to halt account activity.. so its worth reading regulations and specific T&C's of CEX you use, to see if your coins will be held up by regulation after a certain point. or earlier by businesses own T&C's
most ethical CEX wont add on T&C's that hold onto funds without a court order. most they will do is stop facilitating service and just ask you to withdraw funds without a regulator court order


'pushtx' is a known term to push a tx directly to mining pool
some mining pools have their own communication page to cut and paste your rawtx(hex) to them directly. where they have deals inplace for that access page

answered and asked

you do a deal with a pool to specifically handle your transactions and not broadcast it to the relay network but purposefully send it to a specific pool

now you know this, care to wonder why the junk scammers are soo happily spending their scam wins as fee's...
1+1=2

this cleaning trick has been used for a while now.. and the cat is out of the bag.. its why government are now trying to identify miners at the electric supply(mining electric tax) and also at the income/gains side (reward splits/payout) to see whom gets more than deserved to find whom are doing these deals

the bitcoin network does filter transactions and UTXO's thats its job
you can only spend a utxo whos endpoint is unspent and has a valid path back to its original blockreward creation
and its current endpoint is known and associated with a publickey which the network knows which publickey can move which funds
you cant randomly pick any utxo and use it.. you have to use one thats been assigned to you and you have the keypair of to move that
..that is the security of the network. preventing random users treating all coin the same and swappable.. you only get control of coin you control and the network doesnt let people pick random utxo/coins

there is only one way to stop one taint path and create a new utxo with no taint path, and blackhat does not like people talking about it as it ruins his business plan of mixing

but for all other people interested
if you do a deal with a mining pool whereby you will pushtx your coin privately to them as a transaction spending your coin as fee's (to them). (destroying coinage/taint) that then becomes fresh new coin as a coin reward(the fee excess)
this new coin has no taint(it appears on blockchain as new mined coin reward). which a pool can then give to a user as new coin, clean coin..
enjoy a proper way to 'clean coin', just have to do a deal with a mining pool to get it

remember before 2010 there was no market price and wasnt popular outside of a couple dozen devs/nerds/geeks
first half of 2009 didnt even have many of them
you can look at the 'extranonce' of patoshi to see how many unique sequences(miners) there were, it wasnt many

if electric was $0.10/kw hour
and a desktop was 300watt/hour

1kwh=3hours 20 minutes(20 blocks*) which is
10cent for 20 blocks which is 1000btc

1cent 100btc
$0.001  10btc
$0.0001  1btc

*block per 10min avg is 20 blocks in 3 hours 20mins

MAJORITY are fungible because only a MINORITY are mixed/used by criminals
fungibility had nothing to do with total circulation or decimals, its more to do with utxo references and spending paths

firstly fungible is not a 2(yes no) option answer.. its more of a scale, whereby some coins are less fungible than others

blackhat has to explain his version of fungible

because trading coins yes MAJORITYare 1btc=1btc

but investigating coins no, not all coins are the same as they all have unique identifiers (utxo references) which are linked to previous utxo spends.
for instance people would react more if just 10btc moved from an address of satoshis(the unspent of satoshi->hal address) compared to someone moving 10btc from a different stash more recent
where different coins are more important than the other

much like how some people value 1950's dimes more then 2020 dimes (hint: older ones were 90% silver)
or how mis printed/mis minted coins/notes are worth more then face value

oh and by the way
if he really thinks every coin is fungible.. then he needs to quit his day job promoting mixing to hide the infungibilities

yep
funny part is he pretends to say all coins dont have a thing called taint to make it seem to victims that mixing is safe to be handed dirty coins
yet, if dirty coins were safe(in his delusion) then why need to mix them? (rhetorical question)

the real thing is coins can be investigated and treated differently but he wants idiots to become victims to hand over their clean coins to scammers/creeps/perves and criminals.. so those weirdos can run off with victims clean coins.. whilst trying to promote to idiots that its safe and not a threat for innocent people to give up their clean un-criminally linked coins.. and be given dirty coins, which innocent victoms then have to explain to investigators why they have possession of dirty coins..

in short.. if your coins are good and clean dont give them over to mixers.. and definitely dont do it where you are not making profit from it
if you want to swap your clean coins... charge a criminal a premium.. after all you receiving dirty coins will most likely have your deposits into CEX frozen and investigated if the suspicion threshold(scale) is high enough to trigger an investigation.. which especially happens if all your coins were coming from mixing+ from a criminal stash

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as for "taint nonsense" bitcoin is a ledger every coin is accounted for as having a path back to its origin block reward creation and subsequent movement.. so taint is real.. as for businesses tagging when coins were used by certain people for certain reasons..

well if he says thats nonsense. then ill say again, why does he then promote mixing.. (rhetorically)

he is the type of person that suggests guns dont kill people... whilst he sells guns, and offers training on how to get away with murder by gunshot

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last comedy moment of blackhat

his overall mindset is if he can dupe/recruit majority into running all their coins through a mixer.. he can taint all coins as being mixed(and profit from the fee's of that business) and hope that if all coins are flagged as tainted, investigators will give up tagging all coins as mixed.. or stop investigating... but the real world wont work the way he hopes and he wont get his dream come true from his recruitees or from investigators

..
oh and he also doesnt want people knowing better ways to clean coins. as thats not the business he is in and he doesnt want people using methods not part of his business