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i always fight with people who think stupid things

monero can't be fully audited nor can inflation bugs be strongly guaranteed absent, and the currency is only acting as a proxy for dollars on the dark web, hence it's price looking like a stablecoin

monero maxis would do well to consider learning about coinjoin and payjoin and the actual mathematics of chain analysis, and instead of wasting their time on a shitcoin that uses a shitty, weak encryption that doesn't guarantee any hiding of your location as a sender of transactions, and has no use case after 12 years other than buying weed and paying for stolen credit cards, it would help everyone

instead they come here to talk dirty about bitcoin's wallet implementations weak privacy protections and act all superior, so, no

i fight monaros, and then i go away because i don't like fighting, mute ftw

Ackshully 1y ago

Bitcoin can't "guarantee" that inflation bugs are absent - only that they can potentially be found quicker. There have been several inflation bugs in it's history. Bitcoin can't guarantee they won't be exploited and hurt other users before it is fixed either.

Coinjoins are trash privacy in comparison. They don't hide amounts or addresses and there was a major anonymity vulnerable brought to light just last week with Wabisabi and Whirlpool protocols. Lmao.

You would do well to learn how Monero works before talking about "weak" encryption. A receiver can is potentially any Monero user because of one-time Stealth Addresses.

Pedersen Commitments, for Monero's amount privacy, are literally unbreakable by quantum computers, retard. On top of that if you don't share your Monero address to the public your sender and reciever privacy are also safe from QCs.

Your criticisms about sender privacy (while standing inside the glass house of Bitcoin) will soon be old news when FCMP goes live.

Monero privacy is factually superior to Bitcoin there isn't even a fight about that.

Fix your surveillance chain or stfu. You mute because you're ill-informed and your arguments suck. I would too if I were you.

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Discussion

nobody 1y ago

How many monero are in circulation? I thought monero did two things to kill itself:

1. It’s so private you would never know if there was a double spend or if someone was creating more monero out of thin air.

2. The network actually approved creating more monero for some fee payment or miner incentive bologne, not realizing the value of a hard cap.

But also bitcoin fixes these two things.

Saberhagen The Nameless 1y ago

18,446,744 Monero in circulation. Run a node to verify this yourself just like you would with Bitcoin.

Idk where you figure that Monero killed itself. It's steadily going up on every metric as far as being used (especially places it actually matters AKA not permissioned white market transactions that defeats the entire point of Bitcoin).

1. Depends on the exploit. Some are harder to find than others. Trade-offs of privacy and transparency.

2. A hardcap means you'll be paying more fees (already true currently), especially in the future with more adoption, and hemorrhaging money the more you actually use Bitcoin as p2p electronic cash. It's a bad design for currency. Even lightning breaks when fees rise even modestly like we saw earlier this year. You can argue that it's better for SoV if you want, but a hardcap doesn't necessarily mean more valuable if you subscribe to subjective theory of value.

https://github.com/libbitcoin/libbitcoin-system/wiki/Scarcity-Fallacy

Hanshan 1y ago

A hard cap is a retarded knee jerk reaction to fiat insanity and is a poor design for a currency.

if you want digital real estate, ok go for it.

we want digital money.

nobody 1y ago

Maybe that’s why saylor is calling bitcoin capital 🤷‍♂️ and I guess in that case if bitcoin is golden digital real estate and monero is untraceable cash, the best move is to save in bitcoin and then when you want to buy something just convert it to monero if you have to. 🫡

Hanshan 1y ago

Which is fine.

Just be careful swapping back and forth.

It's easy to degrade your privacy that way.

nobody 1y ago

Also this guy sounds angry. Maybe he thinks he’s late to bitcoin. You’re never late to bitcoin buddy. If monero is moneysupersteathy technology, bitcoin is numbergoup technology. If you really need an ultra secure medium of exchange and don’t care about store of value, Monero your life away, but don’t attack people on nostr for using real money 😂🫡

Saberhagen The Nameless 1y ago

Or you can be pragmatic and use each for it's strengths. The same way it would be stupid to use a hammer for every single task and think it's superior for every job.

nobody 1y ago

🤷‍♂️

ᴛʜᴇ ᴅᴇᴀᴛʜ ᴏꜰ ᴍʟᴇᴋᴜ 1y ago

i would not want to have a conversation with someone who doesn't understand UTXOs so there's that

ᴛʜᴇ ᴅᴇᴀᴛʜ ᴏꜰ ᴍʟᴇᴋᴜ 1y ago

also, i have changed my mind, i just periodically say something against monaro to flush out the new ones that haven't pooped their sneer on a reply to me so i don't have to see them again

on chain is not for payments, it cannot possibly scale to a sufficient userbase, if the noxious attitude of monaros and their obsession with one aspect of moneyness to the exclusion of all others isn't repulsive enough, add to it that they are so stupid they don't realise that between UTXOs, use of VPN for tx broadcast, and the onion TLVs of Lightning payments are a far better and more practical solution than ring signatures and CTs

and there's such a small number of monero nodes out there that you are not in a small anonymity set when you broadcast without using a VPN announcing to the NSA you are a monaro and you are a stupid cunt who just wants to be moar private than those dirty bitcoiners

Rand 1y ago

ya, luv your takes/* kinda down & earthy/*****