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This is not accurate, unless you expect people to hodl a shitcoin with unverifiable supply and relatively weak fundamentals. In the realistic case you still need anonymous on and off ramps to Monero which poses practically the same problems as in the case of Bitcoin.

Cyph3rp9nk 2y ago

I think you misunderstood my comment.

There have been many projects to make bitcoin private in the base layer, without breaking the verifiability of the system unlike in monero and all of them have fallen into oblivion.

Call it a black hand.

Precisely my comment is to be constructive and critical and not to fall into the black and white, it is enough to put monero for many of you to jump without understanding what I mean, that sectarianism is not good, bitcoin is not perfect.

Bitcoin developers themselves are the weakest link in the chain, they are the first to go to the entities that want to control Bitcoin or destroy it.

Privacy in Bitcoin, for some reason unknown to me, is not a priority and without privacy there is no freedom.

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Discussion

The Guy That Looked Into It 2y ago

I am pretty sure I understood your argument regarding the importance of privacy, and I mostly agree with it. However, I still think that the comparison depicted in the picture you posted is not a valid one, unless some very questionable assumptions are made. Bitcoin is the ultimate store of value, Monero is just a privacy tool, they cannot be really directly compared.

Cyph3rp9nk 2y ago

The image only explains that privacy in Bitcoin is a headache for the average person, and privacy in Bitcoin should be like in Monero, i.e. just use and don't worry about it.

Where do you see any objection to this argument?

I don't understand your point.

The Guy That Looked Into It 2y ago

Well, for all practical purposes the same level of privacy in Bitcoin base layer as in Monero will inevitably destroy its original value proposition of provably incorruptible network.

The way I see that image, it compares privacy level between a simple privacy tool that is unsuitable as SoV, and Bitcoin the ultimate store of value. So to me it seems that it makes an assumption that whoever uses Monero as a privacy tool also needs to use it as SoV in order to practically achieve higher level of privacy. Maybe that’s just me.