Nostr

It misses the point

Even though privacy is important and monero is proof of work, the arms race was to build a trustless network.

Bitcoin won this

Even though the problem with banking is trust and privacy, the key one is trust and that is the amazing feat of Bitcoin.

Trust can only improve over time (even in your own life with other people) so no one can catch bitcoin (as in even if BTC 2.0 is better, it can’t make up the time lost)

Building a coin that’s focus is privacy won’t save the world. Building one based on trust (or the lack of) will

Bitcoin also has many solutions to improve privacy and anonymity.

Monero at all times is susceptible from a 51% miner attack from bitcoin

Check out my video on the topic, see link below

https://youtu.be/Wk0BCACZ6DM?si=TH6TJAiT3Rbs5dWQ

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Discussion

goatmeal 9mo ago

bitcoin scales via custodians. every time the chain gets maxed out, some laser eye freak shoves a centralized ecash wallet in my face and tells me I should have opened my lightning channels earlier. bitcoin misses the point. every "alt killing" feature it claims to have requires me to hand in my sovereignty or earn a PhD in running the world's most convoluted hot wallet.

why the fuck aren't there any darknet market places where I can buy illegal goods with lightning or ecash? it's been years now. if it is the best privacy technology and monero is redundant, surely you will find people's outside of this masturbatory goon cave who are willing to put their lives on the line over it. or maybe you are completely full of shit.

Daire 9mo ago

Lol, I will agree bitocoin can be a masturbatory goon cave. Better than the real world (pedofile CBDC cage)

It’s not hard to use, you should look up Blitz wallet (also on my channel ☺️). I work a trade 9-5 and figured how to use it

Bitcoin takes time too, I don’t expect e cash or any of those things to take off for a while. They do solve them problems, their CURRENT failure in adoption does not prove their innate failure.

goatmeal 9mo ago

oh god you're doing it now. you're literally doing the thing to me right now.

I know what blitz wallet is and I've inspected it already. I watched the entire btc sessions video too. I don't go around spouting nonsense like I don't know what I'm talking about.

blitz wallet is based on the design principle of only inserting a few millimeters of your foreskin into a paper shredder and hoping it's not plugged in. it automatically swaps real bitcoins for custodial slips of paper depending on thresholds that will always be wrong. aqua wallet is nearly the same.

you keep making excuses for using a custodian. come on, it's only a little bit, don't you want to be a part of the revolution?

the worst thing about you is that you claim to be bitcoin only, but you are promoting wallets that automatically allocate funds into fake bitcoin. you need to have your head checked.

Daire 9mo ago

😂 what’s your solution/alternative so?

goatmeal 9mo ago

anything built with or on top of payment channels needs to be written off completely. lightning is a scam to get you to tolerate custodians more and more. custodial scaling goes in the trash can. bankers get the rope. if you don't do this, you don't have a revolution, you have a stupid toy that will just burn your fingers for the thousandth time. please stop this nonsense now.

I want to like some things about cashu, but the fact that it requires total trust is a show-stopper. there is a way to rebuild cashu and make it behave more like a zk-rollup. it would be completely trustless. I think that would be really cool. it requires another soft fork.

https://hackmd.io/@abdelhamid/cashu-starks

UTXO sharing solutions are better than payment channel solutions because they have a better non-custodial UX and they do a better job of enabling more people to be sovereign at the same time. anything like rollups or drivechains. ark might even work. I have seen people call ark a pseudo-rollup. none of these solutions are really worth pursuing without a soft-fork. there are several ways to enable better UTXO sharing.

https://en.bitcoin.it/wiki/Covenants_support

"there are no solutions, only tradeoffs" is a lie written in bumper sticker language by parasites expecting me to tolerate banking and middlemen and to hand over my sovereignty an inch at a time. these parasites are the same people who deliberately try to sabotage discussion of anything that would enable UTXO sharing solutions. adam back has been observed trying to do this in his own free time.

Daire 9mo ago

https://x.com/Zatoichi42/status/1903924411331457381

Are you saying to use features of the main chain so? Also why would Adam Back launch liquid or do these options still need more research?

goatmeal 9mo ago

you still haven't figured out what liquid is about?

adam back, and all of his friends together, running a custodial sidechain, with a permissioned and trusted bridge and permissioned block production, passing off L-BTC as if it were as good as the real thing. running lightning infrastructure as a service too. he is a rent-seeking parasite middleman who blocks the stream to sell liquid.

if trustless UTXO sharing gets enabled and people start admitting that lightning actually sucks for sovereign individuals, all of his stuff goes poof. his investment in blockstream and adjacent companies goes to waste. no more playing pretend banker. this is why he flails his arms around and starts saying nasty things to people when they are working on covenants or UTXO sharing. he doesn't want the problem to go away. he is the problem.

Daire 9mo ago

So basically, you think people are obfuscating uses of layer 1 that could be used to scale BTC in favour of them offering their own layer 2 custody solutions?