Calling Monero a shitcoin is really ignorant, number one, and number two, have you considered that ecash is a shitcoin? It's just an IOU for bitcoin.
Are you really saying you prefer random digital bits from random people all over the globe, because somehow indirectly it's related to Bitcoin, even though it's ruggable, just so you don't have to use a different coin?
Peak dogma.
agreed
Monero is a shitcoin and ecash is a shit solution. "Who's side are you on" I'm on my side XD
You are on the side of unencrypted data (KYC and other metadata) that will be used against you by AI.
The biggest threat to your health and wealth in the past was inflation. The biggest threat today is the inflation of privacy.
No I just don't want rehypothecation or inflation bugs.
Bro you guys hard fork on a whim and you can't prove the current supply of your coin because you can't prove a now patched inflation bug wasn't exploited before it was patched.
You could just ask why I think its a shitcoin you know.
CN bug aside, I was actually thinking more about the buffer overflow bug on Bitcoin that was only caught because of global state auditability. If you guys encountered something similar, I don't see how you'd catch it.
How are you proving supply?
"The could be a hidden bug" is not the point, the point is you wouldn't detect it if it were exploited.
Its written in C++ which isn't considered memory safe (same as Bitcoin also written in C++).
Of course you guys could just fork over to a memory safe language.
So anyway, how are you proving supply?
And you guys never upgrade. That's why you can naively count supply BECAUSE you're still on a surveillance chain.
You need to use IOUs like ecash for anything approaching Moneros privacy and fungibility
Never upgrading comes with it's own major downsides
We do be upgrading though. We just have constant deliberation and achieve consensus as the social layer first which as it turns out is a lot of work. Wow pushing an update without asking the people who own the coins in the network is way easier huh?
But don't forget confidential transactions which is what monero uses was made by Adam Back way long ago. If we weren't worried about inflation bugs I do think we would actually be using it.
https://www.moneroinflation.com/amounts_confidential_tx
This should give you some more information about confidential transactions in Monero (which are one of a few parts involved).
https://www.moneroinflation.com/likelihood
This should put your mind at ease about an inflation bug (if you actually read it, congratulations, you're ahead of 99% of the maxis).
As for the part about "forcing" a hard fork, sorry bur that's nonsense.
First of all, there is just as much if not more deliberation (in some ways, the stakes are higher, because it's a more complex system), but you're an outsider and you're imposing your own biases and preconception and not realizing this is what's happening.
And second, understand that the culture is different. Monero users, node operators, etc, all expected the hard forks, and wanted them, and were ok with it.
If you put bias aside, you'll be able to see that both approaches (very conservative + takes forever Bitcoin vs yolo hardfork every 6 months up to a year or two ago) are correct - bitcoin's for bitcoin, monero's for monero.
Also, and to finish, I gotta say you also made an assumption that is very common with Bitcoiners as they exist today. You assume an us-vs-them mentality.
Let me tell you, most Monero people I know are also Bitcoiners - not just that, they have been Bitcoiners for far longer than most Bitcoiners (who think they've found the holy grail or something & are smarter than everyone else (according to themselves)) have been Bitcoiners.
Why? They/we USED Bitcoin since the beginning, and understood that as it exists today it's a surveillance machinen and not at all fungible on L1.
So in general Monero people are much better informed about Bitcoin than rabid Bitcoiners who only see one shade of orange are about Monero.
Something to keep in mind.
#monero #bitcoin #privacy
That's the nature of all FOSS.
You don't control who uses what software or not.
The economic majority just so happens to be using BTC right now just as they're using the Monero that is updating. How is that voluntary network not social consensus?
I don't get your point with the Adam Back factoid. Argument from authority? In that case, why isn't CT good enough to use in Bitcoin if he made it? Adam Back also said Bitcoins fungibility and privacy sucks.
Yes, you made your trade offs and chose to de-prioritized privacy & fungibility. Oddly, you trust cryptography in every other critical area of Bitcoin.
