If you read the Bitcoin white paper & the output you achieved was to buy Monero...
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Discussion
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To whom it may concern,
Monero Devs are the trusted 3rd party.
That's why there's vulnerabilies needing hardfork periodically, along with unknown issues that can persist for years before uncovering.
It's okay to feel threatened by the meany 1% mcap privacy coin
High tx fees. NFTs all over (still fungible!). Custodial L2 popularity. Disproportionately growing acceptance of XMR on DNMs. I would be scared too if I was a bitcoin maxi 😱
I have been researching monero for years now, there is always a vulnerability they're downplaying.
Hardfork year after year, the devs are the trusted 3rd party & they have failed you leaving a bug for 3yrs unnoticed.
This isn't the first time and won't be the last.
Then you have shit like this...
Monero community literally has a whole series called "Breaking Monero" that shows many of its attack vectors. They are more honest, adversarial thinking, and self-critical than I ever see from most bitcoin maxis.
Youre showing me a *theoretical* attack that was brought to light by those in Monero. If you actually researched monero "for years" like you say you would know this isn't some gotcha secret. And unlike Bitcoin something can be done about it. Discussion and potential solutions immediately followed on the repo, IRC, Matrix, and podcasts and brought to consensus.
Meanwhile Bitcoin is blindsided by *actual* ongoing attacks (still) by NFTards. But can't do jack shit but cry all over twitter and bend over because "muh hardforks bad" Sleep in the bed you made.
Somehow it still hasn't clicked yet that by FOSS very nature it can't be centralized. The moment Monero starts to slide the community will fork and move away, just like it did from BitMonero.
There is nothing "gotcha" about anything I said outside of the NFTs thing that you seem to be unaware of.
Enjoy your shitcoin my man, if you think the devs aren't the trusted 3rd party you're relying on then idk what to tell you.
Why do monero bros come to Bitcoin maxis and call them names?
You guys need to go touch grass.
Everyone in Monero knows what Mordinals are. It never caught on like it did with bitcoin so your whole worry is theoretical and already being addressed.
Tell me how you centralize information? The whole code base is open source. In the far-fetched scenario where every single dev colluded to sabotage Monero the community wouldn't fork? It already did once!
Where did I call you names???
Ordinals & inscriptions have done nothing to Bitcoin.
Saying it's an attack is highly dumb.
Further, you still don't understand that the devs are your trusted 3rd party.
Bitcoin could ossify today & would be fine...
You're using the term centralized, to frame your argument, which you're having with yourself.
Learn why you have to trust the devs, whoever they are at any given moment is irrelevant.
If bitcoins goal is "p2p electronic cash" as defined by the white paper, then yes, it is an exploit/attack. No one foresaw Ordinals & Inscriptions. It was an unknown possibility for years so did your devs fail you?
You keep repeating devs are trusted 3rd parties without showing me how if it can easily be forked. We already have precedence that disputes what you are saying.
Speaking of trusting 3rd parties...If Bitcoin ossified today, 99.9% of the globe could not self-custody L1. No, don't say LN, it would still take a lifetime to onboard the world with a single tx each. The future of bitcoin would be Paypal 2.0. Trusted 3rd parties are only okay if it's on bitcoin???
And we aren't even talking about future L1 tx fees
Your first paragraph just shows how dumb you are.
Muted.
You literally just cried that I was calling you names (I wasn't) and proceed to call me dumb.
No arguments or rationale from you thru this whole thread. Just constant claims.
You literally just cried that I was calling you names (I wasn't) and proceed to call me dumb.
No arguments or rationale from you thru this whole thread. Just constant claims.
If you said so, it must be true.
Muted twice.
No, it's not true just because I said it. I tried offering arguments and pieces of evidence along with what I say (open to being wrong or missing something).
But you just make empty claims.
Just realized you use Wallet of Satoshi lmao... "You're trusting 3rd parties bro"
Not only are you baseless, you aren't even a bitcoiner. Larp.