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Dec. 15, 2024 - Health Ranger - Mike Adams
26:35
Bitcoin has become CENTRALIZED...
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It's very clear in my mind.
And remember, I'm the founder of Decentralized TV and I've interviewed many top people in the realm of decentralization and the primary architects of decentralized technology and privacy, coins, crypto, all kinds of things.
It's very clear in my mind that Bitcoin has already gone the direction of being institutionalized, centralized, trackable.
Essentially, Bitcoin is a surveillance coin.
It's become the...
I can't quite call it a CBDC because it's not centralized.
It is still peer-to-peer, but it's largely dominated by a few interests, a few organizations, a few...
Whales who control most of it.
And the original vision by Satoshi of what Bitcoin was supposed to be, that vision, it's no longer embodied by Bitcoin.
Instead, it's embodied by the privacy coins.
And the privacy coins, you know, all along my favorite privacy coin, well, the world's favorite privacy coin has been Monero.
You know, XMR. And Monero has a lot to offer to the world, but it's not the newest privacy technology, although it has the most liquidity, right?
Monero's amazing, and the people who are in the Monero community are some of the most amazing people out there, pro-liberty people.
They get it.
They're not Bitcoin maxis.
They're privacy people.
They're innovators.
And I think they're doing a great job.
The only negative thing about Monero is really just the way the regulators are trying to eliminate it from centralized exchanges.
And Monero has been delisted from various exchanges, which has, you know, from time to time hammered its price.
Although you can still buy Monero on Kraken, I believe, and that's the exchange I recommend.
But I don't even like this idea of people buying and holding coins through exchanges.
And that's a point of centralized control.
And when people keep their coins on exchanges, then they don't have self-custody.
So I really prefer looking at privacy coins that are not on exchanges and thus can't really be delisted from the major exchanges.
I'm talking about, you know, Coinbase and so on.
So Monero could be delisted from maybe Kraken one day.
I hope not, but that could happen if it hasn't already happened.
I think Monero is still listed there.
But Monero doesn't have the most advanced modern technology.
So Firo, and I've interviewed Ruben with Firo a couple of times, I think, over the last couple of years.
I follow his announcements on Twitter.
Firo, spelled F-I-R-O, I've been intrigued by Firo's technology for a long time because it has a much better encryption, well, Obfuscation technology, but it also has, I think, auditable wallet capabilities.
And Firo is, it's a coin that I think has a really bright future.
I currently don't own any Firo, by the way, but I like the Firo project.
And I think it's a privacy coin to pay attention to.
See, I think the future is going to be bifurcated into the Bitcoin centralized ETF BlackRock world.
Bitcoin has clearly moved into the Bitcoin phase of being embraced by the institutionalized looters who are the banking system, the ETFs, all of that.
Versus what will be a decentralized ecosystem of privacy coins.
And it's not just Monero or Firo, there's also Xano.
And Xano takes a little while to understand.
Admittedly, I didn't quite know what Xano was for a long time, and I'm learning more all the time.
But Zano, and Todd and I interviewed one of the key people of Zano.
I can't remember his name.
I think it's Andre something.
He was one of the inventors of CryptoNote, and he's the lead or maybe one of the leads of Zano, or some people pronounce it Zano.
I'm not really sure.
But what this guy and his team have built is something really remarkable.
It's a privacy-oriented ecosystem that's not only highly decentralized, it's also not listed on any of the major exchanges, which means its price isn't artificially inflated by lazy people who just buy stuff on exchanges and who probably have no business even owning crypto.
And the thing about Xano is It's got this technology that can wrap other non-privacy coins inside a privacy wrapper, a Xano privacy wrapper or layer.
So using Xano, people who currently use things like Bitcoin can effectively turn Bitcoin into privacy assets through Xano.
The website for Xano, by the way, is zano.org, I'm pretty sure.
And there you can download their wallet, which I have done.
I've installed their wallet.
It seems pretty straightforward.
I think the Xano guys, or some of them, also worked on Monero previously.
I may be wrong about that, but I think that's the case.
I know that Firo and Monero, the people in those groups...
Work well together, share ideas together.
They work on concepts like full membership proofs and things like that.
And I'm really glad they're sharing this information because this is the battle now.
It's between the Bitcoin centralized globalist control Of the crypto space versus the decentralized privacy space.
And my current assessment is that Xano has the best technology in this space.
And I do hold some amount of Xano at the moment.
Mostly because I'm just testing their wallet.
I always try to test everything.
I do a buy and sell, and I try to do exchanges.
Well, I don't sell for fiat, by the way.
I exchange.
I check out the swaps, and I check out the wallets, and I just make sure everything's working.
And so far, Xano works great, and I've done that with Monero, which has a very...
A very mature wallet, and the Firo wallet also works really great.
I did hold some Firo for some time, and the technology's solid.
All these systems are great, but Xano has something that I think could really get pretty big as there's a backlash against the CBDCs.
Xano has features that can really support marketplace, like cryptocurrency privacy transactions in a marketplace, like an escrow mechanism so that you don't have to trust the other party, and the escrow is like an escrow mechanism so that you don't have to trust the other party, and the escrow is So, you know, really cool built-in escrow type of system.
And Xano was built on a combination proof-of-work, proof-of-stake system, a hybrid system, which I think is really the best approach right now.
You know, proof-of-work burns a ton of energy.
That's what Bitcoin is.
And it uses a lot of electricity.
Proof of stake, though, if it's used by itself, can tend to aggregate power into the hands of the few people, usually the founders, who have the most tokens.
So proof of stake tends to be highly centralized, and it kind of goes against the whole ethos of decentralization.
But a hybrid approach of proof of work and proof of stake, which is what Zeno has decided on, seems to be a really great system.
But there's something else that Zeno supports, and I haven't yet decided how I'm going to say it, Zeno or Zano, I don't know.
And I'm not sure I'm getting this right, and I haven't used this feature yet, but I've read about it, I've seen a couple of videos on this.
I'm going to call it atomic swaps, but I think they use a different name for it.
But atomic swaps are the ability to trade Zeno with any other cryptocurrency without having to rely on a custodial intermediary.
In other words, currently there are a lot of swap services out there like, I don't know, SimpleSwap or SwapSpace or whatever.
A bunch of swap services and essentially the way they work is you send them coins And then they swap that for you, and then they send back the thing that you wanted to get.
So, for example, if you were trying to get Xano, which you can do on SwapSpace, I think it's SwapSpace.co, because I use them as a test.
You can send them Bitcoin, and then they use the Bitcoin to buy Xano, and then they send you back Xano coins to your Xano wallet, right?
But the thing is, you have to trust the service.
So how do you know they're not going to just keep your Bitcoin?
Well, obviously, that would be a bad business model for somebody like that that's making a percentage of every transaction.
They don't want to, like, You know, kill the the goose that lays the golden egg by just keeping somebody's money because word would spread pretty quickly.
So, you know, established swap services don't do that kind of nonsense.
They just make a percentage, you know, but still requires you to trust them.
And trust is a difficult thing to come by, especially when it comes to privacy crypto, because it's not traceable.
Nobody knows who's got how much, where did it come from, where did it go?
Nobody knows.
And that's privacy, you know?
So those are actually good properties.
But swap services are typically custodial.
Non-custodial swap services, or again, I've known them as atomic swaps, or maybe some people call them ionic swaps, or whatever.
They don't require a custodian in the middle, and apparently Xano has some kind of technology that enables this, although I haven't been able to test that yet, but that's something that I'm interested in testing.
Now, the other thing I like about Xano is it's clearly not a US-based developer team.
And let me tell you why I like that.
Now, the guy we interviewed, Andre, I don't know if he's Russian or former Russian or Ukrainian.
I honestly don't know.
But he's got a Russian-sounding name.
And I actually like that.
And let me tell you why.
See, when people get involved in crypto projects in the United States, They have been sometimes, you know, arrested or murdered.
It's because the CIA is killing people, obviously.
And the U.S. government, at least until now, maybe this will change under Trump, I hope so.
But before Trump, the U.S. government was really trying to prosecute anybody who was in the liberty space.
I mean, right now they're still prosecuting Roger Ver.
And they've thrown Ross Ulbricht in prison, and he deserves a pardon, by the way, along with Julian Assange and Edward Snowden and Roger Ver.
But if you're a prominent crypto innovator, even if you run exchanges or what do they call them, like whirlpools, like what used to be samurai wallet, things like that, which are kind of ways to obfuscate The origins of Bitcoin, you know, to kind of generate some privacy layers that insulate you from being identified of how you use your Bitcoin or where it came from, things like that.
Those people have been arrested.
And when the U.S. government can get to those people, then that project can potentially be in danger.
That's why, one of the reasons why I like Firo, for example, because...
Ruben, at least, is in Malaysia, not in the USA, you know?
And for the Xano project here, these guys are clearly not in the USA. They're not in the UK. I honestly don't know where they are.
But it's not America.
So they're way outside the reach of the vindictive, punitive judicial system, or the DOJ, or what have you, that has had an anti-crypto, anti-privacy stance.
So I like that about this project.
In my mind, it's a bonus.
It means the project probably has better longevity.
Now, I'm trying to think, when I interviewed this guy, Andre, I think it was more than a year ago, and I kind of lost track of it because, honestly, my first impression of Zano was I was...
I was overwhelmed by the technical aspects of it.
I didn't really fully grasp what it was.
I probably should have.
If I had, I mean, it's gained a lot of value since then.
But I didn't grasp it.
And I've been interviewing a lot of people on a lot of projects.
And I don't just run out and buy every coin of every project that I interview somebody about.
There's a lot of stuff out there.
And most of it's not going to be viable long term.
But I think Xano is...
It has stood the test of time here, and it's innovated, especially with a hard fork, I think, earlier this year that rolled out some amazing new features.
I think Xano is going to be the next Ethereum, in a way.
But it's a privacy ecosystem.
And I don't mean that it has the same distributed computing in the way that Ethereum does.
And I've never been a big fan of Ethereum myself.
It's just not been my focus.
But Xano has the very properties that people are going to need to maintain their privacy as they are trying to navigate this world of central bank digital currencies or a world of everybody promoting Bitcoin as the next great, amazing thing, but Bitcoin is a surveillance coin.
That's why the government wants you to use Bitcoin, by the way, because they can track it.
Which means they can tax it, and soon they'll probably roll out an unrealized gains tax on Bitcoin.
So as Bitcoin value goes up, even though you haven't sold it, you're going to have to pay tax on it.
And the thing is, they know how much you have.
Because you probably bought it with an exchange that's tied to your Social Security number.
And so that's why government loves Bitcoin now.
It's a way to raise more money with tax looting and tax confiscation from the people.
Well, Xano's a privacy coin.
Nobody knows how much you have.
Nobody knows how much any transaction represents.
Nobody knows where it came from, where it goes to.
Nothing.
Which is quite a technical feat, by the way.
Every bit of the transaction is hidden.
And then there's Aaron Day.
And Aaron Day, who is a friend of Roger Veer.
And Aaron Day, he's become an advocate of Zanno.
And Aaron Day is a serious guy.
You know, he's an author of a really great book you should read.
Also, Roger Ver's book, Hijacking Bitcoin, should be read as well.
But check out Aaron Day, D-A-Y. Check out his books on Amazon or Barnes and Noble as well.
I've interviewed Aaron now twice, I believe.
And Aaron Day says, man, Xano, this is what we've been wishing for as a really capable, fully encrypted, privacy-oriented ecosystem.
For trade, for barter, for store of value, for transactions, for divisibility, you know, like everything that you can think of that you want in a monetary system, but especially privacy, that's what Xano represents.
And, you know, in my mind, a guy like Aaron Day carries a lot of weight because he's a serious guy.
He's a high IQ guy.
He's not one of these morons that's out there like, it's going to the moon, you know, FOMO, like, I still remember hearing people get on YouTube video.
What's up?
What's up?
You got your new meme coin.
It's going to the moon.
You know, like pushing some stupid coin, the Hawk coin or whatever.
That's not Aaron Day.
Aaron Day is a serious guy who does serious research, and he knows what he's talking about, and he's an advocate of Xano.
So in my book, that carries a lot of weight.
Anyway, just some things to consider.
I'm not telling you you should buy it or you should sell anything else or anything.
I'm not pushing coins.
I'm trying to keep you posted about what the situation is.
And do your own research, you know?
I'm going to keep looking at this.
Maybe I'll see if we can reach out and get Andre back on.
I think that's the guy I interviewed before.
But I'll keep you posted.
Check out all of my shows at decentralize.tv.
I'm Mike Adams, brighteon.com.
Thank you for listening.
Take care.
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