It's not "time will tell".
It is happening, I've posted evidence of normal people suffering when using those government-approved coins to rightfully protest for their rights.
There is simply no real freedom without privacy. Not just for your money, privacy is needed elsewhere in life too. It is a human right. This is VERY clear.
Its easy to attack now, because everyone relies on exchanges to cash out and actually use their bitcoin by converting to Fiat.
But it won't always be like this. I'm not 100% certain the problems will be resolved. I have considered buying Monero. Whats the best DEX to buy Monero? Foolish to not have some in the future as a back up.
When you use transparent coins then everything you do with them is monitored, forever. You will be held accountable for taxes and donating funds to wrong groups.
With non-transparent coins you buy them wherever, it is nobody's business where or how you use them.
Yes I know, I was weary of donating to truckers using my bitcoin because I realised my support would be public if the bitcoin was linked to me. Doesn't Lightning solve this? It's supposed to be pretty much private I believe. And you can send as much as $1000 on lightning.
Lightning has demonstrated broken privacy again, again, again, again since 2015: https://muoitran.com/publications/revelio.pdf
Also, Lightning is NOT bitcoin. It is a different coin altogether, just not an obviously transparent one.
Is it worth having your possessions on transparent coins that can later be seized from you or your kids as taxes? Or to have them limited to whatever artificial amount that can be transferred?
Ask yourself why and who is motivating you to use technologies with such obvious harm to your private benefit.
I agree LN isn't private.
but sats locked up in multisig IS bitcoin.
there is no separate token issued.
Also, what that paper and where was it published?
This one dropped the other day.
One can attach as many monkey pictures on top of that chain as they wish, still doesn't make it bitcoin.
Same as USDT not being the same as USD. They can try, but it isn't the same. These are different coins.
