Coinjoin and lightning are not a viable solution. Nobody coinjoins and opt in privacy is flawed. Lightning has been around for years now and people just use other blockchains instead of jumping through the hoops of using lightning. People will literally use tron before they use lightning
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HAVE FUN STAYING POOR LOL
Thank you sir đ»
monero has done alright for me, it's growing against bitcoin, flippened it on the dark web, and besides that, I have also been a bitcoiner for a long time and have enjoyed quite a bit of the NGU.
I just see some basic shortcomings in bitcoin that I know will never be solved because instead of trying to come up with a solution, bitcoiners would rather say stupid things like "have fun staying poor lol" instead admitting privacy and fungibility is a huge problem which is now stunting bitcoin adoption and its use case as an actual cypherpunk unstoppable freedom money.
whatever you say broke-ass.
You just scream to me intolĂ©rance and ignorance⊠last time Iâll see your posts, cheers
Every solution has tradeoffs. The short comings of Monero is a dwindling network effect, bloated nodes and a culture of hard forks.
If you personally want privacy on bitcoin, it's easy to achieve. If other people don't want it, it doesn't affect you.
Your view that "nobody uses lightning" meanwhile there are more lightning nodes than Monero nodes and you're on Nostr where lightning is native shows you might be stuck in a bit of an echo chamber.
There are entire countries using bitcoin and lightning as legal tender...
I've had the same arguments with Monero-heads on several occasions with little success as they are super brainwashed like the Cardano goofballs.
But I guess we have to keep trying to throw them a life raft...
Privacy is a good goal and Monero has all the ethical things you'd want in a coin (no pre-mine, very low inflation, easy to node run, proof of work), I wouldn't put them in the same category as Cardano idiots, not even close.
Bitcoin is shitty at privacy by default which is a fair criticism but it's pretty easy to fix for the privacy concerned among us.
Agree Monero is aligned with the Cypherpunk movement which makes it exempt from being a shitcoin in my books.
Privacy in the digital age is critical component of freedom
I also wanted to mention I appreciate our respectful and productive conversation! Not many can do such without cursing or dismissing viable solutions and goals
Privacy is a huge concern of mine so I have a lot of respect for Monero and the community.
I dabbled with Monero, ran a node, read some of the code a few years back.
But ultimately my conclusion was this isn't going to work and will likely die a slow death as fewer and fewer people accept it as payment.
I could easily be wrong, but that is my current assessment of it, so I'm sticking to bitcoin and learning the best ways to use it privately.
Wishing you guys the best though, I'm not a hater.
What Monero does (I like it too) could become integrated into bitcoin through some layer. I do not like that Monero canât easily be audited for supply. I think they sacrifice security by using random X. I really like XMR, but it at best goes well with Bitcoin, does not substitute. And so, I think Bitcoin will absorb its qualities in some way.
I think having a productive conversation is important, arguments do not advance the space and that implies being open minded for both sides.
And who says monero people donât hold Bitcoin. Monero is just a great alternative to offer privacy by default and not need to worry about their transactions.
Monero deserves the same respect as Bitcoin, both parties want a strong digital cash separated from the state, just two different ways to go about it.
Literally this
100% there are trade offs, the âbloatingâ of the network is caused by the UTXO set needed to be saved to be used in different ring signatures and allows for full fungibility. The culture of hard forks is always with the intention of improving privacy, security and efficiency. Maintaining these qualities of a blockchain is a cat and mouse game where governments will always improve tracing abilities and Monero needs to do the same to fight back. If a hard fork wasnât towards those goals, I would drop it in a flash.
Bitcoinâs privacy is multistep and clunky in it of itself with coinjoin and lighting. Plus I wouldnât be surprised that governments or chain analysis finds a way to track these coins over time due to the transparent layer 1 settlement.
Also another trade off of having multiple layers over an efficient layer 1 is a centralizing effect with larger liquidity running through a specific number of lightning nodes. And how does one keep fees high enough for miners to continue to mine on BTC when everyone is using a second or third layer and there are no block rewards.
But all in all, I definitely think Bitcoin has its place with it being the market mover, the network effect and I want to see mass adoption of the coin. I watch Bitcoin adoption videos in the third world all the time.
But monero also has its place, fully grass root underground currency that gives privacy with no apologize or excuse. People should understand the nuance and pick what coin will best protect them with there specific threat models. Monero is vastly growing and taking over dark net markets, and in authoritarian regimes, monero should be the coin of choice like Lebanon, China, Columbia, Russia⊠telling people that Bitcoin is uncensorable and not teaching people the proper ways to maintain privacy is a disservice and puts people at risk.
$167M unspent value on whirlpool and growing.
More wallets should implement whirlpool right now itâs only on Samourai and Sparrow. Lots of room for growth, Stack Wallet has signalled they will be implementing in coming months.
Where does the nobody coinjoins come from? I'd never pay anybody anything with non coinjoined coins. Why on earth would you give up your data? Intresting if you have statistics?