The hours long obstacle course you need to achieve anyhting resembling "privacy" on Bitcoin... is inferior to me pressing the send button 👉📲
#sad
Discussion
That's nice dear but have you bothered to figure out what sound money is? I bet you haven't & that's why you're a shitcoiner.
Who said Monero is trying to be sound money?
We never switched from the title of the white paper "p2p electronic cash". But let's see:
Portable? ✅ Bitcoin ✅Monero
Durable? ✅ Bitcoin ✅Monero
Divisible? ✅ Bitcoin ✅Monero
Scarce? ✅ Bitcoin ❌ Monero
Fungible? ❌Bitcoin ✅ Monero
Stable value? ❌ Bitcoin ❌ Monero
The most saleable good? ❌ Bitcoin ❌ Monero
Nope. Don't see sound money anywhere. I see a couple MoEs.
How many Monero are there? What is the total supply? How have you audited the total supply?
Until you can answer these questions you're essentially gambling that Monero won't rug
I can argue all your concerns if you truly want me to.
But if you don't save with Monero, none of that matters. You can use Monero as digital cash. You don't have to use it as a savings tool.
Keep saving with bitcoin and spend with monero. What is the risk in that case? Nearly zero.
That's the same bullshit argument people use for Tether. I'm not buying it.
Well put up your argument then! You have no argument.
Agree, Tether is a centralized, permissioned, rehypothecateable, panopticon shitcoin.
Monero is decentralized, permissionless, private, fungible, and way cheaper to transact with less than a cent.
You don't think all these things together make Monero a better Medium of Exchange than Bitcoin? (I'm not saying Monero is a better Store of Value either so don't strawman)
It's not decentralized if users can't audit the supply
You audit Monero the same way you audit Bitcoin. You run a node.
The code is completely FOSS.
No Bitcoiner is taking advantage of Bitcoins transparent/simple math to scrutinize the blockchain anyway so that doesn't help you. Are you making sure every block that all input = all outputs? No, you just run your node and pay no mind. So in practice what is the difference?
Monero audits supply using bulletproofs and pedersen commitments. It is well established and sound cryptography from the 80s, but admittedly more complex than bitcoins simple math.
An exploited inflation bug would be equally catastrophic once it happened to either Bitcoin or Monero. Attackers have the advantage. There is no good solution to fix an exploited inflation bug without hurting other users on either Bitcoin or Monero.
Trivia: Did you know there was a hidden inflation bug in Bitcoin only an anonymous user knew? They couldve easily exploited it, but very luckily they were an honest actor who secretly let the devs know (who couldve also decided to exploit it). If they did exploit it, how would detectable inflation help after the fact? It wouldnt.
https://bitcoincore.org/en/2018/09/20/notice/
Again none of this matters if you don't use Monero to save. So it's all moot.