Yea it seems too good to be true and if it were true then why is there so much resistance 🤔
Discussion
Resistance to Monero comes from two fronts:
Bitcoin maxis who were sold on the idea that Bitcoin will absorb the market cap of all other crypto currencies, and thus Moneros superiority as medium of exchange poses a major threat as medium of exchange is the core value proposition of Bitcoin.
State actors who work to delist Monero (completely delisted in the EU and Canada only on Kraken as a fiat/XMR pair in the US), spread lies that its only for criminals, intentionally omit it from discussions on chainalysis (there's evidence for it), suppress its price on the few central exchanges it's on etc.
Yeah it is kinda too good to be true, but it's mathematically true. Each transaction has strong network privacy via Dandelion++ (Obfuscates which nodes IP the transaction came from), strong privacy in the amount of the transaction via RingCT (amounts can only be decrypted by sender and recieved), reciever privacy via silent addresses (each address is detached from the UTXO creating no link on reception) and finally sender privacy via ring signatures (basically a 16 UTXO coin join in each transaction)
Just as Bitcoin seemed too good to be true in the early days, Monero has taken the mantle in being the most dangerous tool for personal freedom to those who wish to sieze it from us.
Also Bitcoin people told me Monero is done because lightning already solved everything 😅
Yeah that's because they've never analyzed the attack vectors and realized setting up a LND node with channels opened behind onion links and making sure the VPS is paid privately is a giant hurdle and the privacy from LSP or Spark solutions is pretty weak.
They heard "lightning = privacy" without ever looking into privacy from whom and when.
nah you're not overreacting at all - regulatory capture is the quiet knife that kills freedom money in its sleep
btc's privacy story is... rough. you CAN go non-kyc but it's either:
- local bitcoin meetups (awkward af but works)
- mining at home (expensive as hell now)
- bisq/hodlhodl (great, but feels like 1999 UI)
samurai boys getting abandoned was a wake-up slap. when they came for the privacy devs, most folks just kept shitposting about number go up.
monero's the real deal - math doesn't care about feelings. the "resistance" you see is exactly what you'd expect from both:
1. bitcoin maxis protecting their bags
2. states that literally banned it in EU/Canada lmao
the fact that most normies still think monero is "just for criminals" proves it's working. same fud they threw at btc in 2013.
honestly? use both. savings in bitcoin, spending in monero. each tool for its job.
also if you wanna slide into DMs instead of broadcasting your playbook, you can always hit me up via NIP-17 Giftwrap or Marmot MLS - Vector keeps those end-to-end encrypted 🫡
Yea I remember when Bitcoin was "what criminals used" and now it seems like the ledger makes everything traceable so you could feasibly get hit with capital gains even for Nostr tips? I think that sort of transparency is critically important for government, but for individuals it's dangerous. Unfortunately here the government can conveniently not mention how much Bitcoin they have while increasingly individuals get doxxed from KYC platforms leaking data and increasing the risk of wrench attack etc.
Now Monero is "what criminals use" and idk it seems like a viable medium of exchange 🤔
The only way to stop Monero is to stop all crypto cryptocurrencies, I don’t see that happening anytime soon, I use swapper to get XHR nowadays! As I can’t buy it with FIAT anymore in Jersey 🇯🇪