Subnostr

Wow, in an extremely rare case of an inflation bug you lost a few bucks in your wallet while gaining superior privacy, faster and cheaper txs. While your real saving is in Bitcoin... Big deal. The risk/reward for losing a few bucks it nothing.

No Bitcoin can't be private. It's a public ledger. Any form of coinjoin is obfuscation not privacy, all data is still completely available to save and parse in the future with new data and techniques. And anything built on L2 loses security garuntees of on chain plus othe trade offs.

You don't seem to understand Monero. The "mixing" part is only one part of it's tech for the sender. It completely hides amounts using ZK proofs (pedersen commitments) and recievers not available on the blockchain at all.

"One of these 16 signers sent $[?] to [?]"

A crypto millionaire was just recently chopped into pieces and you're telling me $5 wrench attacks are rare. It happens often enough:

https://github.com/jlopp/physical-bitcoin-attacks/blob/master/README.md

The "can't be audited" FUD is stupid. You know why? Because exactly 100% of bitcoiners run a node and call it a day. Exactly like Monero. No Bitcoiner is taking advantage of it's transparency/simple math and scrutinizing the whole blockchain to make sure everything is correct.

AND an exploited inflation bug would be catastrophic if it happened to either Bitcoin or Monero. Once it happens it is too late. You can't undo it without hurting users in either case.

https://www.youtube.com/watch?v=meDkx6gRPMg&t=497s

Loki 2y ago

Also, there is a node in my house. It cost about usd$200. Without ppl running the now 20k+ nodes there was no uasf to segwit.

I am not running my own currently, but I am building a system that depends on secure private access to a chain client to run lightning nodes, how the system monetise service delivery.

My $1000 budget 2021 model gaming laptop syncs the whole chain in under 6 hours running bitcoin core.

I suggest you update yourself on the state of the competitor's offerings. And yes I was mining Monero a lot last bull market 2017. I studied how cryptonote works.

The dark web will go to lightning within 5 years and Monero will be history.

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Discussion

Disturbia 2y ago

i read all the comment above.

despite loving LN so much and enjoy the privacy it has given me, i agree with one clear thing, you cant run a highly private LN transaction unless you run your own node or complicatedly route it through private nodes.

monero on the other hand can readily being used.

monero is time tested, unlike its privacy coin counterparts like zcash or secret network (but which has shown evidence of compromised).

in the privacy field, it is indeed the most senior

Saberhagen The Nameless 2y ago

I find it hard to believe you were involvded with Monero in any serious sense if you think the only privacy tech Monero uses are ring sigs.