You like losing purchasing power?
Discussion
i like to stay comfy, knowing my wallet is private.
purchasing power follows utility. monero is more usefule to me than bitcoin.
look at this thread. look at your pathetic arguments. look how you keep shifting the goal posts. from inflation bug to a btc/xmr chart.
I know where your priorities are. so try and get rich and move some liquid btc. lol.
I'm just fuckin around here ya dumb fuck
There are so many reasons monero is a sh$tcoin, security, tail emitting etc
Enjoy that one horse trick with the 11 others using it.
Security? What about monero is not secure?
I think this dude is a lost cause.
CPU mining
What about it is not secure?
ASICs have 2 major manufacturer that require KYC to purchase
Antpool and Foundry mine well over 51% of blocks and require KYC
ASIC miners centralize on large corporate mining farms
ASICs are loud, energy hungry, and produce large amounts of heat (AKA big targets)
ASICs aren't nearly as ubiquitous as CPUs (lower potential for decentralization)
Sounds pretty insecure to me!
Miners can switch pools as they like.
CPU mining sounds good until you think about it a little more. What's stopping amazon or google from spinning up 100k CPU's? Probably cause its worthless
sure will ;) thanks for the enlightening exchange of ideas!
You're just parroting words you heard another btc maxi parrot. You won't expand on any of those reasons because you can't.
"11 oTHERs usiNG It"
https://void.cat/d/PvifEF8BSsAA8egiwHsRdB.webp
https://void.cat/d/Ra4iznpnvghMC3Gm9ZDGcp.webp
https://void.cat/d/SK4hWGwNw8EDsPtZCAiAdk.webp
That's right, I don't have time to look into monero. If you want better arguments you probably shouldn't be arguing with a pleb.
There's too much happening in bitcoin. Its also too important to let go just because one sh$tcoin has better privacy. Better privacy will come to bitcoin in upper layers & I'm comfortable I know enough to use it privately today
You guys are very persistent though which is heart warming. Say hi to Fluffy for me
Lol. So you're just admitting you have no clue wtf you are talking about or just intentionally lying. Don't hide behind being a pleb were all pebs.
Privacy was the central theme for all the cypherpunk forerunnners of Bitcoin. It's not some nice little thing to have. Its kind of the whole fucking point.
You know what also comes with upper layers? Major trade offs to core value props. Custodial solutions, asking permission, intermediaries and much more. Defeats the whole purpose of Bitcoin.
You're just as persistent except you're self admittedly talking about things you know nothing about.
& you do? Lol
Why not other privacy sh$tcoins like zcash, nimble wimble etc?
All I'm saying is I don't have time to look in depth into sh$tcoins.
A few rounds of coin joins is good enough for an in chain payment. Using a post coin joined UTXO & opening up a private LN channel is good enough privacy. Yes, they can be improved. Yes, they will be improved
Maybe if I wanted to buy illegal drugs monero might be better. BUT storing your wealth in monero is a bad idea. It will continue to trend to zero against bitcoin.
If you own zero bitcoin, you're doing it wrong.
Yes, I do, obviously much more than you do!
By your own admission you have no clue what you're talking about lmao! Ok that's fine, but then why act like you know what you're talking about if you dont have time to look into shitcoins?
Do you really want to know why not those other privacy coins?
The tech Zcash uses (Zero Knowledge Proofs) is legit. Zcash implementation and governance is not. The gulf between theory and practice: https://moneroinfodump.neocities.org/#ZcashBlackpill
-Optional privacy (AKA majority of activity is still transparent)
-Vulnerable centralized corporation and known researchers/devs with a CEO (Electric Coin Company)
-Originally a trusted setup. The "remedy" via turnstiles is a half baked solution. Legitimate users are fucked as bad actors go thru.
-Indefinite 20% dev tax on mining (Founders Reward)
-Computationally expensive (Slow performance for shielded txs)
-Transitioning into Proof of Stake
-Not fungible
-Cryptography used is novel and not well understood or tested
-Not used on Darknet Markets (not chosen by the free market in highly adversarial environments where it matters with ultimate skin in the game)
-Fixed blocksize and fixed supply (high tx fees if demand increases)
-IP isn't hidden by default
-Someone has been spam attacking the chain for over a year and ballooned the total blocksize from 30GB to over 100GB in a few months last year. It is probably double that now.
MimbleWimble is not a coin it is a privacy and scalabiltiy protocol that some coins use like Litecoin and Grin. It is better privacy than Bitcoin, but weaker privacy than Monero's tech and has well known major privacy vulnerabilities you can look up.
Coinjoin is weak obfuscation nothing is hidden like Monero. For nothing serious it is fine if you want to pay more fees, wait longer, and deal with the tedium of coin control. You do you though.
There is a reason why no one uses LN on the freeweb.
LN devs themselves are telling you it isn't private, but if they can't convince you I sure wont.
Who said I own zero Bitcoin? Like I said a long time ago, you don't have to save in Monero to use it. Its properties make it a great p2p digital cash and Medium of Exchange (privacy, fungibility, and very cheap tx fees).
You've been sh$tting on bitcoin this whole time!
Lol
& just because 1 LN dev found a theoretical attack doesn't mean it is going to be successful. Unannounced channels have been working pretty well for me so far. But we'll see soon enough I guess
The future of bitcoin developed is vast. Honesty there will be no need for monero in the coming years. Monero devs better find a way to "bridge" to bitcoin before becoming obsolete.
So just because i own some Bitcoin I have to pretend like you that major problems don't exist? Liquidity, adoption, and speculation are the main reasons I have any.
You aren't thinking clearly if you can't FUD your own bags.
We have way too much delusional euphoria with BTC maxis like yourself who think Bitcoin has already won.
BTC was originally great because of adversarial thinking. That's almost completely gone now.
It's widely acknowledged that LN isnt private by it's own developers.
Yea man it's been 6 years and Lightning is little different (maybe even worse because of all these custodial solutions). There are major things that can't be improved upon based on deep issues with the nature of lightning itself. OG devs literally quitting because they realize it is unsalveagable without base layer changes.
https://lists.linuxfoundation.org/pipermail/lightning-dev/2023-October/004154.html
One of the first wallets to implement lightning discontinued it because of these same reasons:
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Fat chance Monero is obsolete anytime soon (if ever)
Like you said - I guess we'll see what happens
You know that's the same 1 guy right?
I don't think bitcoin has won. If it failed tomorrow I'd still be OK (although disappointed)
I think this "discussion" started when you rightly pointed out that liquid is not anonymous. I just think that monero is a sh$tcoin & you seem to be very attached to the need for monero. I think that if you use bitcoin with coinjoins, private lightning channels soon to be pay join or post mix stonewalls you have good enough privacy. So I don't need to look at monero for now.
there is no reason to believe a single thing that comes out of a bitcoin maximalist's mouth about the privacy of the lightning network when not a single DNM has adopted the lightning network.
DNM?
their job isn't to convince you or me that lightning is sufficiently private. their job is to convince darknet market administrators. and they have totally failed.