bitcoin only > nuance Venn diagram for XMR > bitcoin only
Just use ecash
https://fountain.fm/episode/3Bd1tcxwgykW0G7d0P1f
nostr:nevent1qvzqqqpxquqzq3e0fkxs4kwq6a68jducfqpw3ls6zjhysy47jql3w3wk68cvlhdmqrfeya
Discussion
bad advice
ecash is custodial.
first principles or GTFO.
Chainalysis thanks you
There is also the option to: https://coinjoin.nl 🕶️
like hell they do.
heres the latest from CA about "monero tracing"
tldr unless they have access the sending wallet they dont know shit
meanwhile youre going to exchange your sats for a shitcoin from a custodian, hide in an unknown anonset you cant verify and hope they dont rug you before you cash back out.
much cypherpunk 🙄
I'm pretty sure Chainalysis is more thankful for you using ecash since it's visible to the mint itself. Even Cashu's own website admits it!
if he could read he would be so mad right now
I love how he went radio silent after my reply haha.
these types of people reliably never even care if what they are saying is true or not. they just get mad if you buy something other than bitcoin, because they bought bitcoin and if you don't do it after they do you are taking food out of their mouth. give it a couple weeks and this clown will go right back to claiming that cashu replaces monero. he will completely forget accidentally looking at the documentation you sent him. he doesn't care.
🫂
its really not a good look to be publicly wrong and then dip when it's pointed out
👍
If i'm wrong then don't use cashu and continue with XMR.
If it wasn't clear from my lack of response, I don't care to debate the topic further.
If you're specifically targeted, there's little to be done for online privacy. You'll leak metadata eventually.
The BDHKE in cashu is based on the discrete log problem, a fundamental primitive for modern cryptography. How is BDHKE less private than the ring signatures XMR uses?
🤫
The (midwit, and my own) heuristic is "why are the darknet markets using monero instead of bitcoin?"
Anonymity sets and Sybil.
I wouldn't want to run in a blockchain with Chainalysis. Mints can be private. No public ledger. Same inflation risk and rug risk. All or nothing.
no. that just wrong.
theres no inflation risk or rug risk with monero.
unless I just completely misunderstood your meaning.
The "save in bitcoin, spend in Monero" thing no longer makes sense to me with ecash. Ecash being custodial shouldn't bother this type of person if they're only holding the private money form for a short period of time.
Currently when you use ecash amounts spent are visible to a third party (the mint) so is open to amount analysis. You have to trust that the mint isn't malicious or being forced to collect that data. It's only who signed the transaction that is blinded.
With Monero transaction amounts aren't visible to any third party even if you are using someone elses node.
What I like about ecash is that there is no public blockchain, but what is not so great is that it isn't truly p2p (you're passing around IOUs, not the actual coin), doesn't have permissionless exit, and is custodial.
It also has a major catch-22 due to the above issues. I'm not sure yet how it would be resolved.
Anonymous mints are more difficult to take down, but no recourse if they rug users.
Public mints are easier to co-opt, takedown, or coerce by the state, but face more consequences if they rug their users.
I'm sure it's a matter of time before public mints start to become regulated. They're just under the radar at the moment.
This was just a horribly disapointing episode to me. I thought I'd hear some actual reasons why Monero is shit, but the arguments were almost on par with government talking points about how normal ppl should just accept that they don't really need real privacy because only fanatics and criminals care about that anyway. It wasn't said in those words but it.felt earily similar. All the rest of reasons to not even consider Monero were trust me bro, and completely disgusting equation to XRP. I was really shocked when I heard that one. I hoped there would be some actual substance presented... ,maybe discussion of why it would Monero still be bad if for example suddenly had the same 21million limit.
Something...
Anything really would be better than this cheap dismissive attitude.
Staying humble clearly isn't formula for stacking SATs anymore...
Ecash is cool, but it has very different properties than Monero.
Even Calle, the creator of Cashu, has said it's not a replacement for Monero.
If you're going to go with a custodian for something Ecash is a simply a better way to do custodians.
You could even do ecash based on Monero it isn't exclusive to Bitcoin.