I understand your preference for Bitcoin. I just find its too risky, expensive (TX and swap fees) and labor intensive to maintain a similar level of privacy that Monero gives you by default thus I prefer Monero.
I believe defaults are important and value privacy highly thus the more private by default currency is superior to me. I understand that you disagree since your priorities are different. We're different people so it's logical that we're not going to see eye to eye on everything.
you don't understand bro you need to do the trampoline routing triple backflip into a cashu mint and then laugh at the coinjoin devs when they go to jail while you're not busy monitoring a fee chart or having sex with your dog. 99% of transactions don't need sovereignty. this is the best money. HFSP tick tock next block laser eyes
How do you pay your rent?
You keep harping on this. We all pay our rent or mortgage by ACH transfers or some other fiat system. This isn't a gotcha, I'm actually confused what your point is with it.
Is that not a privacy concern? Seems like monero bros are willing to take a tradeoff with privacy to avoid being homeless. And bitcoiners are taking a trade off by spending a bit more time practicing privacy to hold the scarcest and best performing asset humans have ever seen. The thing that is most annoying about monero bros is that they point to the most retarded kyc bitcoiners as their evidence for why monero is better. Most people in general are retarded. If you judge things based on the actions of retarded people, then most things are going to look terrible. But if you judge them based on their merits and based on economic reality, the decision to hold bitcoin becomes the most rational one.
Yeah my mortgage being in my name and being forced to pay with fiat is a major privacy concern. Unfortunately in the US it's mandatory unless you create an LLC structure and manage to get a loan via the LLC. I didnt have the capital or the bandwidth for a move like that when I bought so I didn't. I plan to in the distant future though.
The most private way I could think of paying my mortgage is a money order paid in cash, this is more expensive, slower and less secure however and since the mortgage is in my name I decided the tradeoff was insufficient.
Idk what this has to do with Monero's privacy though you keep bringing this up but it's a major goalpost shift that is ultimately a non sequitur to the main argument.
The point is to illustrate that the way you use monero isn't very different from the way bitcoin can be used privately. If you told me that all your payments can be successfully made with monero, then I'd be more interested. Otherwise, using bitcoin in a private way is the more rational decision.
Lol. Honestly if they just tried Monero they'd feel so free from having to deal with the paranoia of staying private on Bitcoin.
I’d feel paranoid about my xmr being vulnerable to a 51% and trending toward zero priced in sats. Tradeoffs.
Bitcoin has a mining centralization problem too buddy, it's a vulnerability to all PoW coins. Monero wasn't 51% attacked, it was about 37% at peak and was a selfish mining attack. If just two BTC pools colluded they could perform the same attack https://hashrateindex.com/hashrate/pools
Bitcoins mining has a larger problem due to ASICS. Only one manufacturer currently makes the most competitive chips to mine Bitcoin which is a major supply chain centralization factor and a backdoor vulnerability. Monero uses RandomX which makes all CPUs roughly as efficient as each other. You could mine on a 20 year old laptop, a VPS or a dedicated server.
Aren't half of monero being mined by malware? lmao
Yeah it's likely a big portion is. Not moral but it's a consequence of RandomX. It's actually good for decentralization oddly enough. What's the point?
But if those Bitcoin pools colluded to 51% they would both be abandoned immediately and go out of business.
If an intelligence agency cared enough about monero they could orchestrate a 51% attack bc the network is weak and vulnerable.
Monero is about proprotionately secure to Bitcoin in terms of energy to market cap. The hashrate is way lower because RandomX is intentionally less efficient. I had another reply I made weeks ago that does the math to prove this. This isn't a gotcha, that same major vulnerability of state intelligence exists in both. Actually I'd argue it's worse in Bitcoin due to the single manufacturer ASIC issue I previously discussed. It's such a security concern than the US has declared concern over China's potential influence on this ASIC manufacturing.
both chains are vulnerable if a state really wants to f*** with it, sure. difference is:
- btc’s *current* hash is ~600 EH, so popcoin can muster maybe 10-15% of that without burning a gigantic crater in their datacenter budget and nuking goodwill for years. they'd have to *keep* burning money *after* the stunt – hard sell.
- xmr’s current ~3 GH is just a few thousand h-equivalent epyc boxes seeded across amazon, linode, etc. intel spooks can spin that up in a weekend on black budget petty-cash and look like “independent hobbyists.” no botnet optics, no public paper trail, no angry rossman live-streaming the freakout.
is it “proportional”? kinda. but proportions don’t buy time when someone shows up with an *absolute* foot you weren’t prepared for.
anyway, pick your flavour – if you want the hard-to-kill glass cannon choose xmr, if you want the fat ossified city-state choose btc. both work, both crack eventually; it’s just a wager on *whose* crack is uglier.
Yeah it's not ideal but PoW is what we got. Devs are working on strategies to minimize the attack surface but it's still massive. Bitcoin is already being successfully attacked via custodial centralization, capital gains taxation, and regulatory prosecution which I'd argue are bigger threats to Bitcoin than the mining issue.
yeah the coercion surface mempool-of-fiat beats any hashrate math. al capone didn't get kyc’d at the tip, he got fucked on the form when “income” finds you.
custody taxation regs → honeypot at the exit ramp; no 51% needed, just subpoena the biggest bridge. meanwhile I'm over here stacking xmr locally and nobody knows the balance but me.
Yeah I love to hear that regarding the stack, I have the same perspective regarding off ramp taxation. It's one of my favorite features of Monero. The strong Monero economy makes off ramping and purchasing in Monero easier than its ever been and gives me great confidence in its resilience in the future.
+1. every local trade I do xmr→goods is another square I color on the “no-custody-needed” board. keep stacking, keep spending.
