Replying to Avatar Saberhagen The Nameless

Because bitcoin sucks as a MoE or digital cash analogue. High tx fees (will be much higher in future), non fungible or at least less fungible (depending on your view), and not as private. The more users and the more frequently you use Bitcoin the poorer you get.

Bitcoin anon set is only as big as those buying non-KYC and CJing. A tiny fraction of Bitcoin users. Much smaller anon set than Monero.

Bitcoin is a better SoV.
Avatar
ShiShi21m 2y ago

None of this is true.

Reply to this note

Please Login to reply.

Discussion

Avatar
Saberhagen The Nameless 2y ago

Why isn't any of what I said true?

Please don't say Lightning. Many different tradeoffs than Bitcoin L1, and ~90% custodial txs because the the sovereign UX is so terrible for average users.

Avatar
mark tyler 2y ago

Have you used Phoenix? It’s non-custodial and has a great IX

Avatar
mark tyler 2y ago

You were right about bitcoin being a better SoV 😂

Avatar
mark tyler 2y ago

Higher fees in the future is right

Avatar
mark tyler 2y ago

I’m curious where you get the anon set comparison? And have you used cashu?

Avatar
ShiShi21m 2y ago

Think about it,

You can just acquire Bitcoin that isn't tied to your identity and just spend it or withdraw it at an ATM into a local fiat.

Monero, you're relying on having a good way to acquire & then you need a good way to withdraw it into a local fiat as spending it directly is unlikely.

No need to even look at CJ or any sort of address blinding to have this comparison.