Nice, we are at the point where discussion always ends, with Monero heads making up stuff.
No, range proofs insure you not against an inflation bug.
And a layer 2 in this case is the opposite of compromise. You don’t compromise the main layer, thus using a layer 2.
And no, the supply is not twindling. Lost coins are dormant, this doesn’t hurt monetary function at all. It would only be the case if coins were actively taken out of wallets or added in.
I wish we could leave these overheated conversations with Twitter. Nostr should stay constructive, shouldn't it?
I'm a BTC maxi, but I see the issues with privacy. I know that the finite supply of BTC would fix some of the problems we have in our economy right now. But oh my god, I wish that humanity will never has to use a money with such bad privacy capabilities as todays BTC.
Silent payments may improve the situation, but Coinjoin is simply not enough. Coinjoined BTC is tainted and gives the enemies of BTC a huge attack vector at the on-/offramps.
I hope BTC will continue to rise and prosper. And I hope I will be able ti spend it without fear and concerns.
Then build privacy tools on Bitcoin. Don’t advocate for 💩coins and especially don’t lie about your favorite 💩coin or bitcoin
I'm not overheated, to me, it is just discussion. I'm not getting nasty or calling anyone names. Not angry with anyone either.
Notice his reaction to your benign and reasonable comment. Anything threatening to his belief and he reverts to accusations and calling you a shitcoiner.
Coinjoins are great, I use them when I use bitcoin. If bitcoin increases to be on par or better in privacy to monero, with no serious tradeoffs, I wont need Monero anymore. Until then...
I'm still here. Discussion only ends when you want it to. You are the only one making claims about me making stuff up and mind reading my beliefs of satoshi.
Layer 2 does make several compromises. You are either dishonest or ignorant if you insist there is no trade-off.
Dormant implies they will eventually be used again. They wont. They are lost coins and are effectively (not literally) the same as removing them from circulation.
If you manually verify and tally entire utxo set of bitcoin everytime you audit, I will concede it is effectively different. Otherwise, there is in practice, no difference as relying on a monero node for sound supply. Yet to find a bitcoiner who takes advantage of bitcoin's transparency and does this.
Range proofs
https://sethforprivacy.com/posts/dispelling-monero-fud/#you-cant-audit-the-monero-supply
