Ciro Santilli @cirosantilli 35

The key difficulties of cryptocurrencies are:

Until those problems are solved, the only real applications of cryptocurrency will by illegal activities, notably buying drugs, paying for ransomware. But also paying for anti-censorship services from inside dictatorships. Illegal activity can be good when governments are bad, and arguably selling drugs should be legal.

For this reason Ciro Santilli believes that privacy coins like Monero are currently the most useful cryptocurrencies. Also, people concerned with their privacy are likely to more naturally make fewer larger payments to reduce exposure rather than a bunch of small separate ones, and therefore transaction fees matter less, and can be seen as a reasonable privacy tax. Also drugs are expensive, just have a look at any uncensored Onion service search engine, so individual transactions tend to be large.

Hedgint against inflation due to money creation in fiat currencies is a another valid argument for cryptocurrencies. Money printing is a bad form of tax. But why not just instead invest in bonds or stocks, which actually have a specific intrinsic value and should therefore increase your capital and beat inflation? Even if crypto did take over, its value would eventually become constant, and just holding it would lose out to stocks and bonds. And pre-crypto, salaries should adjust relatively quickly to new inflation levels as they come, though there is always some delay. Also, without anonymity, governments will sooner or later find a way to regulate and pervert it. If you want to do things without anonymity, then what you really have to fight for is to change government itself, perhaps with a DAO-like approach, or pushing for a more direct democracy.

If crypto really takes off, 99.99% of people will only ever use it through some cryptocurrency exchange (unless scalability problems are solved, and they replace fiat currencies entirely), so the experience will be very similar to PayPal, and without "true" decentralization.

For those reasons, Ciro Santilli instead believes that governments should issue electronic money, and maintain an open API that all can access instead. The centralized service will always be cheaper for society to maintain than any distributed service, and it will still allow for proper taxation.

Ciro believes that it is easy for people to be seduced by the idealistic promise that "cryptocurrency will make the world more fair and equal by giving everyone equal opportunities, away from the corruption of Governments". Such optimism that new technologies will solve certain key social problems without the need for constant government intervention and management is not new, as shown e.g. at HyperNormalisation by Adam Curtis (2016) when he talks about the cyberspace (when the Internet was just beginning): youtu.be/fh2cDKyFdyU?t=2375. Technologies can make our lives better. But in general, some of them also have to be managed.

In any case, cryptocurrencies are bullshit, the true currency of the future is going to be Magic: The Gathering cards. And Cirocoin.

One closely related thing that Ciro Santilli does think could be interesting exploring right now however, notably when having Monero-like anonymity in mind, would be anonymous electronic voting, which is a pre-requisite to make direct democracy convenient so people can vote more often.

TODO evaluate the possible application of cryptocurrency for international transfers:Of course, the ideal solution would be for governments to just allow for people from other countries to create accounts in their country, and use the centralized API just like citizens. Having an account of some sort is of course fundamental to avoid money laundering/tax evasion, be it on the API, or when you are going to cash out the crypto into fiat. So then the question becomes: suppose that governments are shit and never make such APIs, are international transfers just because traditional banks are inefficient/greedy? Or is it because of the inevitable cost of auditing transfers? E.g. how does TransferWise compare to Bitcoin these days? And if cryptocurrency is more desirable, why wouldn't TransferWise just use it as their backend, and reach very similar fees?

Ubuntu 23.10:

~4.8K

Monero 0.18.3.1 hashrate: 2.6 KH/s

Monero: as of January 2024, Ciro downloaded the blockchain and strings -n20 -s didnt' seem to have not even a single ASCII art, it is quite sad. Bibliography:

A "Cryptocurrency swapper" is a service that swaps one type of cryptocurrency for another.

It is basically the same as buying and selling from exchanges for fiat, except that you only get fiat.

Swappers are in general able to receive send coins from any address, including self custody addresses.

Centralized swappers were a good way to workaround the endless Monero bans from exchanges circa 2024, e.g. x.com/cirosantilli/status/1771900725649371240 as they effectively serve as proxies for exchanges that are still legal in other countries.

They will eventually have to ban Monero of course, and then the only way left will be decentralized exchanges.

This leads to a scenario where the only effective way to ban Monero is to also ban all other cryptocurrencies. The question is if countries will go that far or not.

This is a must if the people want to regain control of their society from apathetic politicians.

I would also increase voter percentage due to convenience, and reduce the weight of voting fraud cases, as everyone would be able to check that their own vote was counted correctly.

And then, we would be able to have referendums for basically any important decision being made. No need to go out on the streets and waste your time in a mass protest! Just vote!

It is possible to implement anonymous electronic voting with ring signatures, an algorithm also used by Monero, an anonymity focused cryptocurrency, as mentioned e.g. on this 2004 paper eprint.iacr.org/2004/281.pdf. The system can be set in a way such that you can only deanonymize someone if everyone else, or a very large number of people, conspire against that person.

The same system could also be used to setup forums where only citizens of the country could comment and propose changes and vote on them.

With electronic voting, we could have a system where you can let someone you trust vote for you automatically, or vote automatically for certain subjects alone, a bit like we do by electing senators. But then you would also be able to override specific votes if you wanted to.

In this system therefore, anyone who can proxy vote has to have their vote public, and placed in a decent website that shows clearly who voted for what.

Related:

For Ciro Santilli's campaign for freedom of speech in China: Section "github.com/cirosantilli/china-dictatorship".

Ciro has the radical opinion that absolute freedom of speech must be guaranteed by law for anyone to talk about absolutely anything, anonymously if they wish, with the exception only of copyright-related infringement.

And Ciro believes that there should be no age restriction of access to any information.

People should be only be punished for actions that they actually do in the real world. Not even purportedly planning those actions must be punished. Access and ability to publish information must be completely and totally free.

If you don't like someone, you should just block them, or start your own campaign to prepare a counter for whatever it is that they are want to do.

This freedom does not need to apply to citizens and organizations of other countries, only to citizens of the country in question, since foreign governments can create influence campaigns to affect the rights of your citizens. More info at: cirosantilli.com/china-dictatorship/mark-government-controlled-social-media

Limiting foreign influence therefore requires some kind of nationality check, which could harm anonymity. But Ciro believes that almost certainly such checks can be carried out in anonymous blockchain consensus based mechanisms. Governments would issues nationality tokens, and tokens are used for anonymous confirmations of rights in a way that only the token owner, not even the government, can determine who used the token. E.g. something a bit like what Monero does. Rights could be checked on a once per account basis, or yearly basis, so transaction costs should not be a big issue. Maybe expensive proof-of-work systems can be completely bypassed to the existence of this central token authority?

Some people believe that freedom of speech means "freedom of speech that I agree with". Those people should move to China or some other dictatorship.

Related: cirosantilli.com/china-dictatorship/hate-speech

Cryptocurrency with focus on anonymity. Was almost certainly the leading privacy coin since its inception until as of writing in the 2020s.

Ciro Santilli has received and held considerable quantities of Monero, notably 1000 Monero donation. so bias alert.

As mentioned at Section "Are cryptocurrencies useful?", Ciro Santilli believes that anonymity is the most valuable feature that really matters on crypto coins, and therefore if he were to invest in crypto, he would invest in Monero or some other privacy coin.

localmonero.co/knowledge/monero-stealth-addresses?language=en gives an overview of the privacy mechanisms:

Based on en.wikipedia.org/wiki/CryptoNote and like Satoshi Nakamoto created by under the pseudonym "Nicolas van Saberhagen" www.reddit.com/r/Monero/comments/7v2obe/offering_a_bounty_for_a_video_of_the_speech_by/

Coinbase has actually stayed away from trading it even as of 2019 when Monero was the third largest market capitalization crypto because of fear of regulatory slashback: decrypt.co/36731/heres-why-coinbase-still-hasnt-listed-monero. Although it must be said, the value of privacy crypto is greatly reduced when everyone is trading it on exchanges, which require a passport upload to work.

Notable ones:

Used for example:

As of 2024 this was the one making the most likely promises of being the first decentralized exchange to support Monero.

Ciro Santilli is actively looking for donations and contracts so he can continue to work full time on OurBigBook.com sustainably, and develop free hardcore university-level STEM education for all ages!

At 100k USD, I quit my job to work full time on it for one year. During this year I will use my contacts with STEM students of a world leading university near where I live and solve as many of their problem sheets as possible, mostly by referring to OurBigBook.com articles I'll be writing. The goal is to get as much STEM knowledge as possible into the world, and highlight how flawed presencial and sequential Higher Education is, while positioning OurBigBook.com as an alternative way to organize humanity's knowledge. Quite grand.

Status: ~144k / 200k USD reached. 1st year locked in and started 1st June 2024 to 31st May 2025^[ref], 2nd year stretch goal open. A second year greatly improve chances of success: year one I solve a bunch of courses, year two I come guns blazing with the content and expand further. Donation breakdown:More details: Section "Accounting method"

At 1M USD I retire and work on open STEM education forever.

Note to potential anonymous crypto donors: anonymous donations incur a regulatory risk. I cash out most of such donations and announce it very clearly to the government and banks. For example, at one point Barclays even froze my UK account. But things seem manageable for now. On one hand, such donations serve as a fun test of the financial system. But on the other, if all banks reject my money or if the government decides to take it, I will write off the anonymous donation at zero.

How to give:And if you have a different preferred payment mechanism not listed above, please contact Ciro, and he will set it up.

Ciro's current ambitions require him to remain in developed countries, because Ciro wants to document advanced science and technology by liaising with top universities, and there is not nearly as much high technology in poor countries. Remaining in developed countries is also a required due to family reasons.

If you would like public acknowledgement for your support, Ciro will very gladly give it, just let Ciro know how you'd prefer it. Due to Ciro Santilli's campaign for freedom of speech in China, many supporters have chosen to be anonymous, and that is totally fine, not everyone is interested in politics, or has a situation where going public is acceptable, so we don't have a standard setup yet, let's build it together. A acknowledgement section at the bottom of this page would be a minimum, but I for larger donations we could add a your advertisement in a locations such as:

100k USD/year is a semi arbitrary amount that sounds nice. My last day job total compensation as of 2024 was about 150k USD/year.

On 2024-03-18, Ciro Santilli received an anonymous 1000 Monero donation (worth ~126k USD at the time) to his self-custody wallet, which pushed him over his public plea for 100k USD goal to quit his job for one year.

The transaction ID was 5c6af4df39021f3a4a053ef169c9b397e6d6bf6c7e557d3f08e4e1675d7d3eed to self hist custody wallet with address 47kzoCeRMTohJhADejtsGmGimvQKzNsuST7u2aVhAD1VX5WDbh3v1FPUoJoTK3NTJVUgAM3dWCqC4Tmp9KSQaJi6GGYWgYn. This is a roof generated by his Monero wallet: InProofV2AVFBmFhofH4GoG5NsaDutkdNWRTaEhuFgHpHTkpprRmuZ54B8FdUwFp71gqfp2jJpDUrhB3GCzZ2p8CNbh2TW1Z88ShmYWEwtkZFLccEMw9PhH3vWcMVo9mKaRsH3WgJXqq9.

Since this donation is so huge, it deserves some comments and a bit of a retrospective. The path to this donation has been an interactive one, and it is described below.

After starting the OurBigBook Project, Ciro started the sponsor Ciro Santilli's work on OurBigBook.com page on cirosantilli.com and setup some donation methods to help support the project, and possibly try to capitalize a bit on Ciro Santilli's Stack Overflow contributions.

His sponsors are absolutely crazy amazing people, but Ciro simply could attract a large enough amount of small sponsors to reach life changing amounts under those circumstances. This is partly due to Video "And I am not and never have been 'familiar' scene from The Big Short (2015)".

As such, Ciro came to realize more and more that the best approach would be to reach out to a smaller number of rich people, given that the things he works on niche, but may appeal to a particularly wealthy tranche of the population: STEM people. Other experiences and ideas that contribute to this realization are:

Then, whenever a larger donation would come through and surprise Ciro, he would improve his sponsor page statements. First a private 150 USD by an awesome sponsor. Then the 2023-09 ~810$ Bitcoin one. Finally came the 2023-11-20 100 Monero one. And it was that one that pushed Ciro to start his "100k USD = 1 year campaign".

Finally on 2024-03-13, Ciro received an anonymous 10 Monero donation to self-custody wallet. He had clearly stated that one should make a test donation to that wallet before the big one, so 10 Monero felt like it could be the test one. Ciro communicated the reception at: mastodon.social/@cirosantilli/112112988286298258 and twitter.com/cirosantilli/status/1769464788009066710:

Over the next few days, Ciro checked his wallet more often than his previously self imposed once a weekend max, and as expected, he found the big one on a slightly despaired around midnight sleepless night (partly due to parenthood). He was feeling particularly bored and a bit sad with his work life that night. And there it was. 1000 Monero on the wallet. Needless to say, not much sleep was done on that evening!!!

The following days were also tense, with Ciro having a trial by fire on selling large amounts of Monero on the UK, which is not trivial as it had been banned from all major exchanges. But he managed. Further notes on that at: www.reddit.com/r/Monero/comments/17arz9f/converting_xmr_to_gbp_in_the_uk/. Ciro also decided to keep about 200 Monero around just for fun as a crazy moonshot.

Another major factor likely Ciro having published his article: Section "Cool data embedded in the Bitcoin blockchain" in 2019. This is something he wrote entirely for fun during an intense 3 week side-time binge in 2019, though some large updates were made later on. It was this article that likely some crypto-dude attention to Ciro Santilli's profile. As of 2024, there is said to be about 20 crypto billionaires, so perhaps there are about 2000 crypto 10 millionaires^[ref], which is the minimum net worth for a donation of 100k USD to be feasible (1% mark). And perhaps a reasonable number of them are just nerds who got rich, and want to improve the world. There are two lessons from this:

Another factor in the donation, Ciro Santilli believes, is that many rich people thing that education is bullshit. Many successful people are neurodiverse and as such, it is only natural that a large number of rich people want to improve our educational system, which tends to be the very epitome of "boring and average normality" which Ciro Santilli so much detests. This can also be seen in people such as:

Announcements:

Amazing reactions from the Monero Reddit community: www.reddit.com/r/Monero/comments/1brryao/ciro_santilli_received_a_1000_xmr_donation_to/These people have some serious trust issues!!! Perhaps not surprising from a privacy coin community. Ciro's Twitter post: twitter.com/cirosantilli/status/1775961945193017790