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One rule that any method has to comply with is that it has to maximize its exposure to bitcoin, that is, coins can hardly spend minutes in Monero for example because otherwise you expose yourself to the loss of purchasing power, which is what bitcoin was created for, that is why I consider that in itself Monero is an oxymoron to the founding principles of bitcoin, Monero does not work to protect you from Fiat currency devaluation, it does not even beat inflation.

So please don't you Monero supporters come here and say just use Monero and Monero is what Bitcoin should have been because Monero has not achieved any of the main goals of Bitcoin.

For me Monero is just a privacy tool.

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Eluc 1y ago

Can we inplement the privacy features of Monero in BTC (on main chain or layer 2 like Lightning or others) and have the best of both world?

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Discussion

Cyph3rp9nk 1y ago

The short answer is that at the moment there is no way to do it.

The long answer is that the only way to do it at the moment is a sidechain like liquid, liquid uses CT as a monero, although it does not use ring signatures because these are one of the culprits that can create hidden inflation, if hidden inflation is created then 1 L-BTC will no longer be equal to 1 BTC and the sidechain loses all credibility.

Eluc 1y ago

For sure that's the main issues of fully private coin, you cannot control the supply, especially when it's on second layer or worst, on centralized exchanges.

S!ayer 1y ago

yes, let me just spin up a trusted third party quick