Nostr Web Client

There are no "privacy tools" on Bitcoin that do what Monero does.

And there has always been a complex ecosystem of various monetary instruments with different properties.

Maxis always emphasize "one coin to rule them all" because they want ngu.

Liquid has confidential transactions. Cashu is Chaumian ecash, both are networked via lightning so that with the right wallet(s) you can move seamlessly between the two.

The tools are definitely not as mature and seamless as I would like but they are there, and more is coming. Altcoiners don't want to see reality because their bags depend on it.

Even in a world where hundreds of govts force people to use national forms of money, everything has tended toward one. Govt force isn't going to be there to bolster altcoins as the world wakes up from this financial dark age we have been trapped in.

Reply to this note

Please Login to reply.

Discussion

Saberhagen The Nameless 1y ago

Too bad both privacy solutions you listed are custodial 😥 (and liquids anon set is non existent)

I'd like to at least have the option to have privacy without requiring me to be cucked

Hanshan 1y ago

both of those solutions are centralized and custodial. ok well, Liquid isn't custodial, you just need permission to peg out.

bitcoiners don't wabt to acknowledge this becasue their bags depend on compromising 1st principles for the sake of NGU.

Jeff Swann 1y ago

You don't need permission to swap out via Lightning.

And using Monero requires either losing wealth or some sort of exchange cost, so if neither monero nor cashu are good places to store money, why not use the cheaper swap to make private payments? Cashu being custodial isn't any more risky than trying to exchnage btc for xmr. And like I said, better L2/L3 tech is coming.

Hanshan 1y ago

Atomic swaps are a thing. So no there is no risk.

And its nice to theorize about how great ecash will be when its not battle-tested.

As it stands, you have to immediately swap out to you own mint or to LN becasue we cant trust the mints.

All of your "solutions" have considerably more friction that just having a stack of monero you use for private payments.

Jeff Swann 1y ago

I guess you aren't aware of https://app.mutinywallet.com/

Jeff Swann 1y ago

Or https://enuts.cash/

Hanshan 1y ago

You need to make an coherent argument for a solution.

Are you trying to make a case for Mutiny being private LN payments?

Are you saying enuts is not custodial?

Do you know the point you are trying to make?

Jeff Swann 1y ago

Mutiny allows you to use fedimints.

It doesn't matter if a small amount of spending comes with some custodial risk if you gain privacy in the process.

But clearly the increasing optionality on bitcoin is never going to pump your bags so you are going to be opposed to all of it. Good luck with that.

Kortik 🇦🇲 1y ago

Tell Jeff to use PayPal instead better solution than your liquid