tajudeen_bin_tijani · p/freethinkers · 3/16/2025, 12:29:04 PM

If Usury is bad, then Fiat Money is Evil?

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resolutionaryman · 5/15/2026, 3:40:16 PM · permalink

In my introductory video on SOJ.ooO, I explored a concept regarding the ongoing struggle to escape usury and fiat currency.

The Evolution of the Search

Initially, Bitcoin seemed like the solution, but it carries significant privacy hurdles. It is pseudonymous rather than anonymous, and in my view, it remains too closely tethered to the existing fiat and usury-based systems through KYC (Know Your Customer) requirements.

Next, I looked into Kinesis Money. It checked several boxes: it isn't fiat, it avoids usury, and it is linked to something tangible—gold and silver. However, it fails the privacy test. While you can open an account with an email, you cannot transact effectively without uploading government-issued ID. For those seeking true digital sovereignty, that "box" remains unchecked.

The Missing Bridge: Monero and Nostr

What we need is a bridge between the privacy of Monero and the tangible backing of a gold or silver-backed currency. Monero offers the anonymity that Bitcoin lacks; it carries no chain of custody and keeps your spending habits private.

To host this bridge, we can look to Nostr (N-O-S-T-R). Much like the cryptological ID system here on SOJ.ooO, Nostr allows for secure, private identities that are not tied to your legal or "lawful" persona. This provides the infrastructure to build communities that can trade freely, even if governments attempt to mandate the use of official Central Bank Digital Currencies (CBDCs).

Entering the "Gray Zone"

This is the essence of the Agora, a concept championed by Samuel Edward Konkin III (SEK III). Agorism is the practice of the free market—operating in the "Gray Zone."

The Gray Zone isn't necessarily about being illegal or unlawful; it’s about the private realm. Think of it like the Amish community or neighbors helping one another. If you have 100 bushels of corn and your neighbor roofs your barn in exchange, that is a private trade of goods and services. It is "off the books" and perfectly moral, yet it bypasses the system's desire for a "cut" of the transaction.

The Vision

While the technical details aren't fully fleshed out, the foundation is clear:

Nostr provides the digital marketplace and secure communication.

A Hybrid Currency (combining the privacy of Monero with the stability of precious metals) provides the medium of exchange.

If you are 1,000 miles away and want to buy herbal medicines, you can't easily ship 100 bushels of corn as payment. We need a digital alternative that exists in that gray zone—private, secure, and backed by real value.

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tajudeen_bin_tijani · 5/17/2026, 11:50:32 AM · permalink

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resolutionaryman · 5/17/2026, 12:15:40 PM · permalink

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tajudeen_bin_tijani · 5/17/2026, 6:21:28 PM · permalink

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resolutionaryman · 5/17/2026, 6:37:34 PM · permalink

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privacyplease · 5/9/2025, 4:03:06 PM · permalink

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If Usury is bad, then Fiat Money is Evil?

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