Monetary network effects are extremely unforgiving. There will be one dominant form of money.

Bitcoin has privacy on L2 & none of the risk of inflation bugs on L1.

Bitcoin has hundreds of billions worth of deployed infrastructure all over the world. Some if which is being used to boostrap & load balance new & existing energy grids.

The lack of hard forks means that the network is more resistant to negative changes & bugs. The foundation of a new global financial system must be rock solid.

Monero has larger scaling problems when it comes to transaction size & the cost of verification.

1 & 3 are arguably adoption related, but I don't think they are things that can just be waved away.

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I agree

The only portion of Bitcoins economic activity relevant to it's value prop exists on black markets. Any transactions taking place on white markets are subject to the rules of a central authority so undermines the entire point.

https://github.com/libbitcoin/libbitcoin-system/wiki/Permissionless-Principle

I think most of us are *happy that Bitcoin is the first mover and has "hundreds of billions of infrastructure deployed all over the world"

and yall are sucking up all the oxygen.

its the perfect situation.

because Bitcoin is going to get neutered by the legacy behemoth

and the more time you can buy us to get ahead, the better.

I don't know that you are wrong.. How does bitcoin getting nuetered look?

regulatory capture

maybe a hostile fork

¯⁠\⁠_⁠(⁠ツ⁠)⁠_⁠/⁠¯

I really don't like the etfs, ganestop, mstr, government reserves, derivative fiat shit. I'm going to keep watching and adjust accordingly.

stack btc and spend btc, ignore the noise.

yeah like penguin says

its just noise

unfortunately its ALSO other parties who want to be able to dictate Bitcoin policy

which means Bitcoin probably doesnt change,

but the environment it operates in does

every hardfork is hostile, monero has hardforked half douzen of times

ridiculous

when there's consensus,

in what sense is it "hostile"?

There will always be a small minority who dont agree with forks. And it's not really true consensus because 99.9999% of users dont have the knowledge to understand whats being changed in the code, you have to trust a few handful of devs. Bitcoin has this problem aswell. Every fork is hostile.

communities have to make decisions somehow penguin

you can call it "hostile" because some rando running a node somewhere disagrees or isn't interested in change.

your perspective there just results in "nothing ever happens because somebody somewhere doesn't understand or doesn't agree"

it results in inaction 100% of the time with a community of more than 50 people.

there are no "win-win" utopian solutions where everybody agrees and nobody gets hurt.

welcome to the real world.

we move forward.

> consenting adults using computer and pressing "update node" is literally hostile

:smug2:

there are people who dont agree with those hardforks and they had to update.

every hardfork is hostile, even bitcoin softforks are

the people who don't agree can keep running the old versions of the node :confused: this is how bitcoin vs bitcoin cash came to be, or ethereum vs ethereum classic

even though a monero classic also exists, it's waaay more unpopular than those other crypto's counterparts, it's like if it doesn't exist because it's not even traded anywhere, because everyone agreed to monero's upgrades and have been keeping up so far and there has been no point in keeping the old software version

like right now: the next upgrade being FCMP, people are free to keep using the outdated decoys technology but there's no point, everyone saw the research, the audits, is waiting for the code to be complete, will verify it, then it'll be good to run as a new version, no hostility in pushing it out

Running old versions? Yeah right, with such a low user base while everyone else has updated.. Every fork is hostile, specially hardforks, but whatever, good luck.

where does bitcoin have privacy on L2? were you talking about ruggable ecash mints or were you talking about maintaining your own payment channels in an extremely specific and difficult way?

how come nobody is slinging pounds of MDMA using this so-called privacy on L2? it's not like those people haven't changed their own business processes an uncountable number of times in order to maintain best practices. the privacy you have on layer 2 is a toy.

Setting up a lightning node is a pain In the asss.