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It's like a frickin' epidemic these days.

Seeing all the monero peeps out these days is just so par for the course - Limitations of Bitcoin are vocalized and suddenly someone has ALL the solutions at the settlement layer with no trade-offs. It's PERFECT! And yet....

It's not as decentralized - You can't recreate Bitcoin's level of decentralization.

It's not as secure - You don't have as much energy backing it.

XMR makes a ton of elements confidential to provide privacy, but security through obscurity isn't security at all.

And with that, you've lost your entire foundation with which to build upon.

Best be aware of Bitcoin's limitations (by design), understand them, and build from there.

For a moment, think about how ironic it is that Monero users are taking sats over lightning.

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Discussion

Chuck Langstrumpf 1y ago

in order to realize how ridiculously crappy lightning is, you need to use it, run your own node and come to a conclusion.

NGU BTC fanbois mainly hodl and therefore do not realize how crappy BTC has become.

BTC is not decentralized at all, 12 entities control the biggest mining pools , wake up.

There is a reason why the state has no problem with BTC .

Uxellodunum 1y ago

I run my own nodes and use their functionality everyday.

Is it a perfect experience? No, but that's why we build on it.

A solution to challenges imposed on the finality layer needn't be perfect from the get-go.

I've heard no one suggest Lightning to be the only scaling solution either, but you act like that's fact.

Truth of the matter though, is that the foundation is sound. That's where you want to build the most regardless of the challenge based on the foundation's constraints, because no other project will achieve what it has achieved - It was a happy accident.

The state very much has a problem with BTC, it just can't do anything about that and we've seen this across the years. When a move is futile against your opponent, you don't expend the energy - You find other ways to attack.

Either way, stick to your monero, because Time will tell.

The moment one of us swaps Bitcoin for monero or vice-versa, we'll know what that means.

Chuck Langstrumpf 1y ago

"From the get go" - it is 7 years already. Lightning is still crap.

BTC is now marketed as a store of value as it lost its properties as a p2p currency. There are thousands of stores of value already, gold is one. The state has no problem with another store of value.

The state has a problem when we use our own money. Especially one which it can not trace.

Hanshan 1y ago

Monero people are generally very straightforward about the tradeoffs.

The only reasonable criticism there is, is one you said, there just isn't that much energy securing XMR.

Tradeoffs.

That doesn't make it "centralized" however. That's just your random fud.

Monero is not centralized and it's a perfectly reasonable alternative to BTC and *certainly* better than the current state of LN .

Chuck Langstrumpf 1y ago

Everything has tradeoffs. Monero is just a tool, there is no need to identify with a tool.

Many Bitcoiners made a religion out of it, which makes them vulnerable to not seeing the obvious flaws of BTC, repeating the same bullshit lines their religious leaders give them.

Laser eyes, hodlhodl, never sell - it is all bullshit for low iq suckers.

If you are in it for the freedom, then one should realize that BTC is not fungible and not useful as freedom money at all as it is traceable by anyone on the planet - which is worse than a bank wire.

Uxellodunum 1y ago

Please point out where I instigated fud by stating it is "centralized".