Replying to Avatar MAHDOOD

Gold isn’t the most salable good and it is still money. It doesn’t have to be the most saleable.

I disagree, Bitcoin is a great medium of exchange. It has the strongest network and more liquidity than monero.

I don’t consider “monero shill” to be name calling or offensive.

I wouldn’t say Bitcoin is more private than monero but liquid might be.

How would you run a node if everyone used monero?

It happened before in the early days of bitcoin. The developers patched it and forked. The users adopted the patch and it was fixed. The fact that someone caught it and they were able to fix it proves how robust it is. BUT if that guy did exploit the bug, the dev team could release a patch and give users the option to fork to the new chain with 21 million bitcoin or stay on the original chain with the inflation. The market will choose the best coin and I don’t think it would be a very difficult choice. It’s not that much of a threat lmao

Yes an auditable supply keeps everyone in check. If blackrock claims to own 5 million bitcoin, the supply could be tracked on the ledger. If something smells fishy, people start withdrawing their bitcoin. This would be equivalent to a bank run. People will get wrecked but it would be necessary to wash out the scam and then people will learn to hold their own keys.

I already said that the trade off with bitcoin is you have to take responsibility of your privacy. It’s not a big deal to me though.

Lol that’s fine I don’t disagree that monero is more private but it’s still a shitcoin and you can practice privacy with bitcoin: coinjoin, payjoin, liquid.

Shill: "One who poses as a satisfied customer or an enthusiastic gambler to dupe bystanders into participating in a swindle."

Are you saying I'm intentionally trying to dupe bystanders? or swindle people? Words have meaning. It's all negative connotations.

High tx fees mean the more you use Bitcoin the poorer you get.

Every bitcoins history is distinguishable from another (non fungible).

Lack of strong default privacy.

All these things make for a poorer MoE vs something like Monero.

Like I said not everyone is going to use Monero. I answered here: note1vmdu2c4k8398aprpuveevs0kpmecj9dtsns8muh5wdfu36q4dyhsh5unn2

About bitcoins past exploit bug...This was not early days. It was 2018. If it was exploited hardforks do not solve this either. Just think about it. If someone took advantage and used that "fake" Bitcoin, hardforking doesn't compensate all the users who were given "fake" Bitcoin in exchange for real services or products. You would be screwing over all those users by hardforking out the "fake" Bitcoin. There is no current solution for an exploited inflation bug that is taken advantage of. Not to mention the destruction it would bring to Bitcoin's credability or immutability.

You're relying that every time an exploit bug is discovered that a single good samaritan anonymous user will alwyas do the right thing. This is crazy and Bitcoin was extremely lucky.

Sure it might not work long term buy Blackrock can definitely get away with IOUs:

If you DONT think Bitcoin is private:

1) Verifying all their Bitcoin is useless if you can't verify all their liabilities

If you DO believe Bitcoin is private:

1) Verifying all their Bitcoin is useless if you can't verify all their liabilities

2) not publish which addresses belong to them.

3) obfuscate using the same supposed privacy methods you use.

No, the trade off for Bitcoin is inferior privacy (obfuscation vs encryption) *ON TOP OF* taking on that responsibility (optional "privacy"). Even when done perfectly it will always be inferior privacy to Monero because Bitcoin is a public blockchain.

Coinjoining is obfuscation. Weaker privacy. All range of connections and amounts are visible. It can be deobfuscated with more data or by users unintentionally messing up. Tedious, more expensive, and time consuming as well.

Liquid is not more private than Monero. It only hides amounts. It also has a tiny fraction of Monero's anon set. It is also a permissioned network. Many other problems: https://twitter.com/Truthcoin/status/1689337656319016960

Liquid transaction (Confidential Transactions):

Alice sent $[?] to Bob

Monero transaction (Confidential Transactions, Stealth Addys, Ring Sigs):

6% chance Alice sent $[?] to [?]

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