Hello again freinds. I've broken a few stories with some reddit posts in the past and I felt like we are finally reaching the point where my prediction almost 2 years ago that Monero will be outlawed in western countries is starting to come to fruition. Several exchanges have recently delisted Monero for being "too private," but this decision has nothing to do with the preferences of those exchanges. The delistings are caused by the whims of a group of international organizations that ultimately operate in the interest of an alliance of countries called NATO.
About NATO
NATO has maintained its dominance in the world's power structures for over 70 years due to many factors, but one of the predominant prevailing factors is its control of the world's financial systems. Around the founding of NATO, humanity developed a new weapon called The Sanction which has been the most powerful weapon produced in many ages. It among many things toppled the nuclear super power USSR without firing a shot, but probably indirectly killed millions or perhaps hundreds of millions of people.
The Sanction is an attack on a country's markets' liquidity. Decreased liquidity increases the spread on prices of goods (the difference between a taker's price and an asker's price in a trade) and causes shocks to markets that ultimately cause recessions and depressions. Modern financial systems enable extremely high liquidity, and when they are taken away, liquidity is orders of magnitude lower.
Why does NATO care?
One of the primary reasons the international organizations that align with NATO are worried about cryptocurrency is its ability to be a back door around sanctions. If they were used in this way, they could potentially rewrite the power structures of the world.
The largest example of how crypto is being used as a back door on a large scale right now is in an independently governed area in Georgia called Abkhazia. Abkhazia amounts to a Russian puppet nation, and currently is one of the biggest mining areas in the world. The reason for this is it is a Russian money laundering hub. The way it works is Russia sells gas to Abkhazia with an unlimited line of credit, Abkhazia doesn't pay a dime of that credit, cryptocurrency is mined with the power from that gas, and those cryptos are then sold for western currency by Russian-aligned companies.
This operation in Abkhazia is an example of the primary reason there is international backing to hamper cryptocurrency and especially privacy coins. It all revolves around the battle to break the viability of sanctions so these countries can operate without that tool (I would call it a weapon) being part of the leverage against them.
One thing to watch for is any jargon speaking about "Anti-terrorism." "Anti-terrorism reform" actually means "Pro-NATO reform." These efforts are not really a bad thing if you live in NATO countries. They will keep you wealthier for now. However, they come at the direct expense of the other side's welfare (the other side being most countries outside of NATO).
Why does Bitcoin get a pass?
Bitcoin is not an issue for the west because the west will eventually track the identity of all the owners of "patriated" coins in existence, most of which will be in custodial addresses with no direct customer access. You can already see an example of how custodial bitcoin ownership is already prevalent with The Cash App and Robinhood's "Buy Bitcoin" investment features. Eventually these apps may add receive and send functionality to bitcoin, but it will be a centralized layer 2 system that only allows you to send to KYC-screened recipients.
In the future, there will be two varieties of Bitcoin according the western financial system: "patriated" coins where their history and identities are known, and a series of rules are followed in sending and receiving; and "unpatriated" or "wild" bitcoins that have anonymous or "bad actor" owners. This separation will allow the same sanctions to be performed in bitcoin as in the existing financial system.
Monero has no place in the future of the western financial system because it can not be sanctioned because it is the most fungible value transfer system in existence. This is also ultimately why I am extremely bullish for Monero.
Why does it not matter what the west does regarding Monero?
Ultimately fighting against the "wild" coins -- ones with no owners or centralization -- will be fruitless for NATO because the nations that stand the most to gain from reducing the power of a sanction are already building their own financial infrastructure in a coordinated way.
The most interesting development in my opinion is a new effort by the "BRICS" -- Brazil, Russia, India, China, and South Africa to develop a cryptocurrency for international settlements:
https://cointelegraph.com/news/brics-nations-discuss-shared-crypto-to-break-away-from-usd-and-swift
When you consider that it is much cheaper to build a cryptocurrency than to build the banks, customer support, and auditing infrastructures of the dinosaur that is NATO's financial system, their decision to invest in a cryptocurrency makes a lot of sense.
Make no mistake that this "BRICS Crypto" is no panacea; it will be designed in the best interests of the nations not of the people. However, it is a great example of how NATO fighting cryptocurrency is fruitless. The reign of the Western Sanction will disappear in the next 10 years and the structure of power in the world will be stirred dramatically, and probably with considerable hardship for average people.
Why am I bullish on Monero?
I believe in the event any dramatic shift in power happens, that Monero is the most suitable currency for any people who "fall through the cracks" -- whether they be people in war torn areas, oppressed minorities, or simply those in poverty. If there is any shock to the western currencies, we already know how crypto is a suitable replacement. I believe Monero is the most suitable crypto for this type of use case.
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