> Privacy will come to 2nd, 3rd layers of ₿itcoin.
This is irrelevant today though. You want to make a private transaction. Which is easier and more straightforward today?
> Doomed to break under stress
Monero’s base layer is explicitly design to adjust for varying levels of volume while Bitcoin’s is not (and we see that today for example)
How about nation state attacks?
₿itcoin thrives and gets stronger when under attack by nation states, like China. Monero would, poof, disappear.
I want ₿itcoin’s base layer to be an open book for all to read. Transparency. Full audit every 10 minutes. Tik tok, baby.
Privacy will come, be patient. Or continue shitcoining. But don’t try to call it something it’s not.
monero is also proof of work just like bitcoin. So idk what you mean by your first point.
> Privacy will come, be patient. Or continue shitcoining.
You’re saying wanting to simply transact privately is shitcoining?
Where does Bitcoin’s value come from it not from the supposed primary use case: transactions
You really want to compare a shitcoins POW to ₿itcoins? Here’s some perspective:
The Bitcoin Network is more than twice as powerful as the US Navy. Bitcoin is backed by 300 exahash and 10.6 gigawatts of energy. The dollar is backed by the US Navy which has 53 Virginia class attack submarines that have 30 megawatts each. 14 Ohio class balistic missile submarines with 45 megawatts each. 11 nuclear powered aircraft carriers with 195 megawatts each. 17 cruisers that are 60 megawatts each. 62 destroyers with 30 megawatts each. The entire US Navy is 4.3 gigawatts. ASICS btc miners have 2,200 x more computational power than general purpose computers. To complete with the current btc miners you would need ALL of them on Earth working together. And you’d still be short on computing power by 90%! Throw in ALL the Navy’s of the world and you’re short on power to complete. Plus, it’s decentralized.
Why would it go poof ? Banning asics is far easier than banning all cpu's .
Bitcoin has had a decade to get easier to use and become more private. It's become less private, or best case not more private.
Try banning ₿itcoin? That’s basically a joke now.
Not bitcoin, but asics that secure all that hashpower you were throwing around.
Consider the ongoing environmental policy attack on bitcoin right now. All it would have to do is taget ASIC manufacturers and tax at that level, or imports of specialized equipment like asics. This is not replicatable for cpus.
The difficulty adjustment will adjust. Hell, if we have to hash with pencil and paper, it will still work. 🤣😂
