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So what we should be really comparing monero to isn't bitcoin, but fedimint. Fediment can definitely offer greater privacy if you use a mint with a large enough anonymity set. Question is whether we can have fedimints that are more robust vs state attacks than Monero.

Saberhagen The Nameless 1y ago

Seems like a trilemma...

Bitcoin: Self-custodial, NGU

Monero: Self-custodial, Private

Ecash: NGU, Private

Depends what you mean. If we assume the mint can be trusted...

Pro: Monero network is more resistant to direct physical attack from states considering node count and ubiquity of general purpose CPU mining.

Ecash is either a single mint operator, or a handful of people from a federation you can go after. Might be harder for a federation, but defnitely much easier than rounding up every single miner on Monero. You could try and reduce this vulnerability by having many mints, but that would be negative for anonymity set.

Con: Monero network is currently more vulnerable to a pure hash war VS the state.

This attack isn't possible with Ecash because no mining is involved, obviously...but it involves assuming the mint is and will always be trustworthy (wasn't the whole point of Bitcoin to remove or reduce trust?)

https://monero.fail/map

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Discussion

Jones 1y ago

Did u learn on how eth was capture ? How those federation...hum..."open source, free federations" works ?

There are a bunch of those project on eth, like here w ecash. That won work for me.

Bitcoin begin to work like a eth project, L2, state investor...bs after bs.

We all know how that will end (it will end like those bullshat tokenisatiion project that those suit like).

Saberhagen The Nameless 1y ago

Agree with you. There will probably be many rugpulls.

Jones 1y ago

Rugpulls are not an issue. People will just change method of exchange. And get they saving taken. Money can still be save after that.

What i see is that those spy will have hard time w privacy chain focus now. And no return to those anon chain.

In 2024 people will learn what is to be persecuted by those spy. Devs have already learn. They already shifting to those anon title XD.

There still so munch devs that are not anon. They will learn the hard way, w help of the prosecuters. As for bitcoin it will wind down, price high but only use by those public credited people.

no more anon node or hardware. No more exchange without kyc.

This is a maturation of blockchains tech. Its good to see.

This is the way.

https://void.cat/d/EePSLghisUPaWFz75KdyyS.webp