Nostr Web Client

Replying to

m4dire0701

"It makes it easier to audit than monero, thereby increasing the level of trust. "

By audit btc you mean government tracking all our transactions on blockchain? 😂😂

That's not how privacy should works

techfeudalist 2y ago

By trust, I mean prove the existence of only 21 million.

Privacy is coming to the base chain though systems like serverless payjoin

https://payjoin.org/

Higher levels of privacy are already available through level 2s. For example, Liquid uses confidential transactions and is slowly growing in popularity. Lightning offers good sender privacy. Privacy is improving (albeit never as quickly as I would like).

I am very pro freedom and privacy. I personally prefer bitcoin’s model of a very high trust base chain with increasing levels of privacy through secondary systems.

The most important objective is to rip the creation and control of money out of the hands of the state. This control is the root of most evils. Which protocol is best suited to do that?

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Discussion

m4dire0701 2y ago

You need to put a lot of effort to achieve the same level of xmr privacy, which has the maximum level of privacy by default

WoodenQ 2y ago

Value comes with effort

techfeudalist 2y ago

You’re right that privacy is better in monero by default and you’re also correct that people are lazy and will not avail themselves of the additional tools in bitcoin to safeguard their privacy.

I support bitcoin though because the world will be a better place when nations can no longer fund wars and massive governments with printed money.

To become the global money, the base chain needs high trust. Everyone needs to trust it. Really trust it.

I remind myself that most people will just buy the bitcoin ETF. They will give up their independence and privacy for convenience. For those of us that care about privacy, options are available.

WoodenQ 2y ago

Ye shared purdy words of much meaning

Nice!