2/8 Read this and then continue in my current thread: https://x.com/liberlion17/stat...

3/8 SimpleX plans to use a treceable blockchain to fund and maintain secure messaging servers and groups via Ethereum smart contracts and zero-knowledge proofs, enabling short address names and network consensus without intermediaries. Blockchain is used "for secure payments"🗿

4/8 SimpleX: where your messages are invisible, but your wallet is an open book. Privacy for your words, transparency for your coins — the perfect combo for the modern cypherpunk accountant.

5/8 Since #Monero does not comply with the regulations, and therefore cannot handle KYC payments, SimpleX cannot use it 🙃

6/8 If it wasn't clear in SimpleX's explanation, let's see if it's clearer now?

7/8 SimpleX: “We’ll protect your privacy… while following every surveillance law.” Translation: compliance-first, privacy-second. The warm-up act for KYC chat apps — encryption with a government backdoor bow.

8/8 Perhaps you don't prioritize #privacy or KYC compliance, but if that's the case, why are you using Simplex instead of Microsoft Teams or Google Meet? Either way, Simplex will comply with regulators sooner or later. That's why @session_app for the #SovereignIndividual

@liberlion17 I'll read it carefully, study them and if everything is true, time to ditch simplex

@Scofield_Crypt I provide data on which to formulate hypotheses. What's the purpose of this? To anticipate. To understand now so we don't get caught out later.

@liberlion17 simplex is not simple. encrypted chat is painfully easy to do reasonably well, shared-pub-key (with pederson redist) for groups, personal-pubkey-for yourself, and a raw-pubkey qr to prevent mitm adds. that would actually be simple. "nobody runs a server but us" is not simple

@liberlion17 I guess their decentralization only extends as far as their VC funding allows.

@liberlion17 Time to move to @ethstatus

@liberlion17 Just like bitcoin

@liberlion17 What do you recommend as alternative?