Replying to Avatar 21seasons

Monero supply is unlimited, there's hard forks every six months, it's more unsecure and mediocre to provide any meaningful privacy improvements.

But the only question really is, why would anybody store their wealth on something less secure and rely on weaker assurances? 🤔
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Saberhagen The Nameless 2y ago

Six month hardforks is an exaggeration. Necessary hardforks to improve privacy and efficiency. No contentious hardforks because Monero users value protocol improvements. Unlike 2017 Bitcoin blocksize wars and segwit half measure. Couldn't even avoid userbase splits even without hardforks. Meanwhile Bitcoin still has zero default privacy and coinjoins are weak obfuscation.

Monero has strong default privacy, real world fungibility, and magnitudes cheaper txs fees than Bitcoin. Monero is a better p2p digital cash. Bitcoin can excel in it's SoV niche.

You're going to have to backup "mediocre to provide any meaningful privacy improvements" comment while Bitcoin transaction graph and amounts are completely open.

Monero:

Maybe Alice sent $[?] to [?]

Bitcoin:

Alice definitely sent $X to Bob

No one is forcing you to store your wealth in it... You can't walk and chew gum?

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Secretary Janet Yellen 2y ago

#Bitcoin LN:

Maybe Alice sent $[?] to [?]

The 'necessary' hardforks your shirtcoin that offers a temporary privacy are always decided at the top, kicking out all users that disagree with them. Congrats 🤙💜

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Saberhagen The Nameless 2y ago

#Real Bitcoin LN:

Maybe Alice sent $X to Bob

Your reciever privacy blows and amounts can be discovered. And all criticisms of "temporary privacy" also apply to LN as anyone can be collecting that data to break in the future as well:

"We identified 27,183 private channels, discovered hidden balances, and showed how a passive adversary can infer payment endpoints with very high probability."

https://arxiv.org/pdf/2003.12470.pdf

Your hardforks also apply to LN. You kick out all users that disagree. Congrats on the cognitive dissonance 🤙