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Some people think I am btc maxi. I am not a maxi yet.

When btc can be as private as cash via end-2-end encrypted transactions then I will be a maxi.

I support bitcoin the most because it’s the most decentralised, verifiable the blockchain, 21 million cap and it’s proof of work algorithm is a mind blowing genius solution.

But having your friends, family, employers or bad actors being able to see your entire financial history when they get access to your public address using chainanalysis software is very concerning to me.

I am big fan of any potential BIPs that could allow for end2end encrypted btc like BIP-300 drivechains or some kind of soft fork that would allow for Zero Knowledge or Validity roll ups on bitcoin.

Resource links for those interested to learn more:

https://layertwolabs.com/

https://bitcoinrollups.org/

If bitcoin never achieves true privacy then maybe there is reason for me to look into privacy coins just incase because I really don’t trust the state knowing my entire my financial history.

I’m no computer science expert so maybe it’s possible to have complete privacy with lightning but atm it seems like wishful thinking. Love to be educated or proven wrong.

Regardless always be thankful for bitcoin which has taken me where I am today.

unknown 2y ago

I don't see any major downside to hedging that sort of risk in #monero. In extreme times, the flight to personal safety lies in contrarianism, not conformity.

I stack equal units of #xmr as I do #btc due to the former being such a small percentage allocation of capital. Yes, there are tradeoffs, now it's not a shitcoin.

Bitcoin will likely never have solid privacy and most of the ardent bitcoin zealots that I know use Monero even though they'd never publically admit it.

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Discussion

Sovereign Matt 2y ago

I never owned Monero mainly because I have no idea where you go to trade it lol. But I have seen a lot of John macabre videos where he talks about it as alternative. I really hope to btc allow for this kinda privacy one day.

Sovereign Matt 2y ago

*John Macafee