i've had enough. of the monero propaganda
it's a shitcoin, it's privacy dysphoria. i'm sorry
i love you. i love you! if you're a friend, and you're hurt by this, know that i love you!
but i really don't think that those ring signatures are good for you. i don't!
Now do Etherium.
If they could just sidechain as Layer 2 bitcoin, but no. Sunk cost has them good. A deep analysis of XMR shows it's far worse at scaling than bitcoin, and inevitably centralizes nodes.
As an L2 though, borderline necessary. Privacy doesn't get enough attention by bitcoiners, and if we can't soft-fork a means to break chain analysis safely, L2 Monero is the next best thing.
There are equal numbers of Monero and Bitcoin nodes. Monero mining thanks to CPU mining is much more decentralised. LN functionality will be possible through future upgrades.
You don't like ring signatures either? Well you're in luck my friend!
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I have a hard time to understand. Why to dislike Monero? Some specific problem that exists with this project?
It's hard to like something, or accept inconvenient truths, if your bags depend on it
But I do not understand what is the inconvenient truth and would like to understand. Is there concern in the security of Monero?
That Bitcoin is an expensive surveillance NFT with a future mining security problem
And what is the relation with Monero? The original Post was only about Monero.
Your critique is well received and correct.
That's why the next update will get rid of ring signatures. It's called full chain membership proofs, FCMP.
You really don't get it. You are not going to convince any long time student of bitcoin to be interested in Monero, ever, no matter what. There is no improvement you can make, no advancement, no marketing campaign, absolutely nothing. This is not because of the infamous bitcoin immune response, mind you. It is because of a fundamental law of nature that a longtime student of bitcoin has a grasp of that you are either unaware or willfully ignorant of.
Bitcoin discovered, for the first time, a way to create absolute scarcity. It's arguably as important a discovery as the number zero. Most importantly, it can only be done ONCE. BTC is the token that represents that absolute scarcity. Whenever a separate token has been created, from LTC, to XMR, to ETH, to all the rest, they are incapable of being anything other than a fiat expansion against BTC, and violate the absolute scarcity of BTC merely by existing.
Were the developers of Monero to finally accept this fact, and put their engineering skill to work improving bitcoin instead, I'm certain the privacy we all need could be implemented. Instead, we fight, you lose, and maybe we all suffer far longer than necessary because the one money that can actually do the job wasn't given necessary upgrades.
BTW, There is a trick you can do that would allow a new chain to be created without being a fiat expansion. Establish a fixed ratio of BTC to the token, and permanently burn BTC on-chain at that ratio each time. If the ratio is never broken, then you've transmuted BTC and conserved the absolute scarcity. I have zero idea what the market would do with that, mind. And there are other pitfalls that can befall any such project. But the discovered law would not be violated, and it might be the only way to implement a hard-fork level upgrade to bitcoin that could actually work, should that ever be necessary.
Stop making some weird appeal to "longtime student of bitcoin"
It means nothing. Just because you've been a "student of Bitcoin" doesn't mean you don't have blindspots or can't be retarded.
"it can only be done ONCE"
Tell the darknet markets that. Bitcoin had first mover advantage AND network effect. Didn't matter. Monero still took over on the only truly free markets that exist and only place where permissionless transactions are possible.
"absolute scarcity" doesn't automatically mean anything. Value is a function of supply AND DEMAND. Bitcoiner *should* know by now that value is subjective and the market is constantly reevaluating. Value is not fixed just because scarcity is.
https://github.com/libbitcoin/libbitcoin-system/wiki/Scarcity-Fallacy
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Early Bitcoiners (what you call long time students) created Monero for other Bitcoiners.
So either you are someone who is less then 12 years in the space (and therefore not a long time student) or you are one of the few early Bitcoiners not also having a bag of Monero. In that case I would question my feelings of superiority.
Most people in Monero own both. Many maxis own only Bitcoin claiming their ideology to be rationale.
There is no second best with money. There is best, and there is ineffective and worse. That most people in Monero own both only further reinforces it's failure.
Monero enthusiasts don't understand that money is winner takes all, or they see both as investment vehicles for acquiring more fiat, or they aren't willing to commit to Monero out of fear that it's not the ultimate winner, or they're hoping they can successfully pump and dump. If they were actually clear on how money works, and really believed in Monero, they would use Bitcoin only as much as I use Monero: only when there's no other choice. Anyone like that I can respect, not fence sitters.
Or maybe they just know every tool has it's place while you are here trying to use a hammer for every job...
