Nostr Web Client

Yes, I agree that bitcoin’s privacy is inferior to Monero’s.

My sole objective is to throw my efforts and capital behind the chain best able to rip money out of the control of states. To me, that is the only thing that matters and everything else is a potential distraction.

Our need for privacy right now is high because nations are strong, because they control money. If they didn’t control money, governments will be smaller and we would live more freely. IMHO, people won’t be free, even if they use monero, if states still control money like they do today.

You can see that bitcoin is already working its way into the financial system, like a virus. Setting up to be the global reserve asset. Yes, many people will be trapped because of their inability to use the higher layer privacy capabilities, but my highest priority is the removal of state control over money, not privacy for everyone.

I believe that ASICs increase the barrier to attack the network. Yes, the US could grab all of the ASICs in its jurisdiction, but it could also grab all the CPUs in the cloud providers. I would bet the US’ share of worldwide CPUs is greater than share of ASICs.

Saberhagen The Nameless 2y ago

>"My sole objective is to throw my efforts and capital behind the chain best able to rip money out of the control of states..."

---Lack of privacy seems like an easy attack surface for the state and censorship to me. But I sympathize with this sentiment. Hopefully you are right.

>"Our need for privacy right now is high because nations are strong..."

---Imo this is resting on a big assumption that is not very adversarially minded. It is safer to assume the worst and that the state will not relinquish control over money quietly.

>"I believe that ASICs increase the barrier to attack the network..."

---In terms of raw work/energy, I agree, but ASICS are vulnerable in a different aspect because they are not as decentralized and discrete as CPU mining. But I acknowledge they may be decentralized "enough" if they are scattered all around the world. The only thing that worries me is how they concentrate on mining farms, so are easy targets for states to confiscate.

Reply to this note

Discussion