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I used to think monero was better than bitcoin for privacy, but now I know monero is not necessary.

We can achieve privacy using chaumian e-cash instead of a blockchain. What's more, these e-cash solutions are interoperable with the lightning network.

The steel-man argument against this is that chaumian mints require some trust.

This is true, but Bitcoin is a peer to peer electronic cash system that requires no trust. We can trutnthst there will never be more than 21 million #bitcoin. Every other blockchain is an attempted breach of that trust, an attempt at debasing bitcoin the same way governments have debased gold by adding other metal to it.

That's my two sats.

I would rather trust a few thousand sats with an e cash provider than try to debase the p2p electronic cash system that bitcoin is.

BTC_P2P 1y ago

100%. Everything necessary will be built on Bitcoin but it will take time. Running to shitcoins is low time preference behavior.

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Discussion

Saberhagen The Nameless 1y ago

One can just as easily argue that "custodial solutions" are low time preference behavior

₿logging₿itcoin 1y ago

Sure, but I expect to empty my zappi g wallet every month. I don't keep my retirement money in a custodial wallet, just the money I intend to spend that month.

Saberhagen The Nameless 1y ago

Can't a Monero/Bitcoin user just say the same thing?

"I don't keep my retirement money in Monero, just the money I intend to spend that month"

They can even completely avoid the potential 100% loss from being rugged

Btw I think ecash has it's own advantages over Monero and vice versa. I use both.