ecash has a big problem, the mints are centralized and not censorship resistant.
Monero fixes the decentralization aspect of mining that Bitcoin doesnt have, and you dont need to trust third parties to have privacy by default
Discussion
Ill stay using mints.
I think in the future only banks or bussinesses that have money transmitting license will be allowed to use mints, and that will make fraccional reserves on Bitcoin easier than today because you cant audit the mints
I use it for nostr but i dont trust it as a good solution for big amounts
I dont trust just regular lightning with big amounts hahahaha 😆
Me neither 🤣🤣🤣
i don't trust people who think that licenses are anything other than a permit to break the rules (just look up the fucking dictionary)
with all the due respect, sir, we don't know each other so don't get me wrong, but: fuck the rules (in general)
yeah, you can fuck the rules but this is computers, rules are everything, and they are literal and don't interpret your vague intentions (or attempts to deceive)
lmfaol
ye, tell tht to blackrock, xi, powell and lagarde
you tell them about how what goes up must go down... that is not advisable, better to step right back and get the popcorn ready for the fireworks
WHY SO SERIOUS
y so frivolous about serious biznis?
nobody is here 4 da monies, sir, izz all bout tech and fun. glhf.
nope, it's very srs biznis
i'm not here for fun, this is my life and my job
i don't get to keep working in this thing without having the wits to know what is actually viable and what has potential to attract funding and what has potential to actually get customers and make a profit
this is my life, so, good luck playing in a battleground
aw, ur a yuppie. gotcha.
ah yeah, yuppies live on the streets and are familiar with scavenging food from trashcans
next guess pls
so either you got 50k sats that won't make u a millionaire or u should be spending those 5btcs in a nice bed, sir. don't be delusional. financial advice.
lol, i worked, i stacked, i spent, i regret spending
not in any danger of falling down without excessive impulsivity but i have that at a high level so it's a bit nervewracking
if you ever actually literally were feeding out of bins you'd have some concept of how much you don't want to fall back that way again
(or decipher your delusions)
If someone wants to pay me in monero, that's fine, they can pay me in monero. And I will instantly switch it to Bitcoin. Because Bitcoin is better than monero. Period there's no questions asked about that. Hahaha just saying
monero has no transaction capacity to spare if everyone uses it for this purpose
meanwhile, lightning literally uses a source routed variant of what Tor uses, and you fluffypony drones don't even realise that you leak the fact of you being a monero user when you broadcast a transaction
also, furthermore, i literally was working on dusk.network a couple years ago, building a smart contract system inspired by EVM and using BLS12-381 signatures with their handy pairing capability
i doubt ethereum is ever going to have that capability, because it requires a total retooling of their protocol, and i doubt dusk is ever going to go anywhere because private smart contracts are of less importance than literally just not letting the public see your fucking encrypted data
and in summary, monero's entire threat model and use case is obsolete, and you are stupid
All these unlikely boogeyman hypotheticals cut both ways. Nowhere even close to "everyone" is using crypto much less Bitcoin. Everyone CANT use Bitcoin on-chain or even lightning for that matter! We see this every time mempool gets full.
Every node on Tor is directly connected, or has the potential to directly connect, with every other node. Lightning Network payment channels do not fully-connect. The entire network and the network topology is publicly known for routing nodes and natural incentives mean traffic consolidates to a few large nodes negating any remaining similarities to Tor. Tired old parroting of what amounts to affinity scamming.
Yea, an acolyte from "the market is always right" corner of crypto is telling darknet markets how wrong they are. The only place where transactions can be permissionless is increasingly using choosing Monero but keep screeching.
so your argument is that because "nobody" uses bitcoin (with it's 1 trillion market cap, ok)
sorry, your argument is dead in the water right there
bitcoin has already shifted most of the small transactions to lightning and the rest of that margin is going to ecash (chaumian ffs not ethereum you ahem)
lightning's network is not fully known
payments can fail because you pick a route where one hop doesn't know the next hop doesn't exist (this is a problem i hit up against with my work trying to build a replacement for tor that is based on lightning source routing protocol)
market is always right, and most people still pay for drugs with bitcoins, and there is this rabid, agitated asshole brigade called "moneros" who still believe against practical evidence that coinjoins and mixers are less than ring signatures
good luck with that
I didn't say "nobody uses bitcoin", but I see why you have to pretend that I did.
You're the one that said "everyone" can't use Monero. I'm telling you "everyone" can't use Bitcoin either.
Lol I find it hilarious when Bitcoiners claim everyone and their momma is using lightning (ridiculous, its so damn niche) even more when implied they're *actually* using it (not asking a custodian to do it for them)
You can say sender privacy of ring signatures are similar to Coinjoining and mixers (all are weaker obfuscation), but they definitely don't offer the strong amount and receiver privacy of Monero, so it's dishonest to pretend Monero only has ring signatures.
I didn't say "nobody uses bitcoin", but I see why you have to pretend that I did.
You're the one that said "everyone" can't use Monero. I'm telling you "everyone" can't use Bitcoin either.
Lol I find it hilarious when Bitcoiners claim everyone and their momma is using lightning (ridiculous, its so damn niche) even more when implied they're *actually* using it (not asking a custodian to do it for them)
You can say sender privacy of ring signatures are similar to Coinjoining and mixers (all are weaker obfuscation), but they definitely don't offer the strong amount and receiver privacy of Monero, so it's dishonest to pretend Monero only has ring signatures.
oh, so you change your npubs to troll
more advanced than the nazis, bravo
no, actually, coinjoin, mixer, ring signature, all are inferior to zero knowledge proofs, which are incredibly computationally expensive to validate, and make for a very compute heavy, expensive fee rate
security is a tradeoff
and you are being assinine by using a new npub to state the obvious
and abusive because i can't tell the client to ignore this thread
so i will just escalate, you want to make further counterpoints that don't actually contribute to the conversation, i will start sharing your bullshit openly with my following, and see if they have any comments
How am I trolling? I'm not calling you expletives or anything, and you're freaking out...
I'm responding to your argument and you immediately block me so what do you expect me to do...you know Nostr is a public network?
I agree with you they're all inferior to ZK you're the one that brought them up not me. Monero amount privacy is ZK.
If you're that upset about my mild pushback we don't have to continue this. My god. Stay in your safe space please.
Not properly.. everyone could run a mint.. and it could be completely on onion net .. an example of this could be nutshell (mint) + minibits (wallet)