> Most advanced cryptographic constructs to ensure privacy and anonymity whilst transacting digitally.
> By far the largest network effect of any project aiming to preserve privacy and anonymity in finance.
>> Calls it a shitcoin
And this #monero friends is what toxic bitcoin maximalism looks like.
monero friends want to sell their shitcoin while bitcoin maxis expose the truth and all what you said here is false. Monero is not so private and the solutions it uses are all developed by bitcoiners and then not implemented because they are not compatible with security and scalability.
Still waiting for you to tell me amounts and addresses I'm interacting with on my Monero address 🥱
89spcfRbp8EZZF2Qf9qJNSBjbx7fJAdJcEf64GBP1Vgg8yNrKHVLtJXLt4jWr3hcYeYUePpKfg5MkNYsjNc9sx3m3ymcMt4
So I'm also asking you to tell me the amount of bitcoin I interact with
Post your on chain address just like I posted mine and I will
It would be a fresh generated address with nothing to see, so stop with this. Dont expose your data is the only real protection against privacy violation, and it is possible (a bit difficult and expensive) on bitcoin. Monero makes it easy, but all the user are called to pay the price in scalability of txs validation
What a cop out. I sent you a transaction with an address that I use. So you should do that same to keep it fair. Not a "fresh generated" one.
Just admit you're wrong when you said Monero wasn't private earlier. You keep detracting into other thing that have nothing to do with it's privacy like "scalability" (scalable in what way? Surely $100+ transaction fees that continue to increase are not scalable)
You can't avoid exposing your addresses and balances even if it's just to the peers you receive and give Bitcoin to.
You shouldn't have to trust everyone who you send and receive money from.
You never consolidate any transactions ever?
You always coinjoin for every transaction?
Bitcoin can never be private, it's a transparent public ledger. You can temporarily be kind of psuedonymous though if you're autistically anal about every transaction and like paying a lot of money to do it.
https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html
the point is that the rule number one is not exposing your txs and dont make identity-correlations, is like I'm asking you for a monero view key. You can use bip-47, silent payments, lightning submarine swap, coinjoin... and never do address reuse. I said it is not so easy, sometimes expensive and a bit problematic. But monero is not a solution. Long tern is a shitcoin that will implode under his tradeoffs and economic incentive distortions. Short term you have the problem of enter in a pool of liquidity so small that makes trivial (for a chainal company that uses data from exchanges and swaps, not for me..) to makes correlation. Also, swapping in and out bitcoin will be expensive and more detrimental for the privacy, even with atomic swaps.
I think as tool could be used well for a short term privacy gain from expert individual (so individual that are able to be private even on bitcoin, but anyway could have thier use-cases...) but the long term economy of the shitcoin is doomed.
also a lot of narrative misconceptions from monero guys that distort things to sell their shitcoins (not all of them, but most of them). Great part of monero community is pure shitcoinery-like bullshit masked as "cypherpunk privacy activism".
Some of you are well intentioned (I was actually on of you the first year I discovered that "cryptocurrencies" exist) but too inexpert to put things in perspective and easily fooled by narrative distortion.
"If really bitcoin is bad and monero is the real bitcoin, then I can buy "the real bitcoin" at a discount price" - this is what a lot of monero guys subtly think (and what every shitcoiner think of their shitcoin).
I will stop to interact with monero people real quick because find it boring and there are a lot of things in bitcoin that merit more attention.
I hope you all will find your way, life will bring to all the reward for their merits.
Stupid people/scammers will have what they deserve and it will not being caused by the "blockstream conspiracy" or something else you can invent.
Monero community is least price-focused of probably any. Especially versus Bitcoin. So no clue what you're speaking of.
Na dude you're projecting with that price stuff. If Bitcoin dropped 90% and stayed there indefinitely I highly doubt you would be in it still.
but if something is money and is scarce will go up forever compared to easily printed money, its an important feature and is the first feature of money (and then bitcoin): preserve wealth across time and space. Monero is a shitcoin and cant do that and it is the first reason it doent have any sense. You can "give" me privately monero but when this crypto bubble will vanish you wouldnt eventually be able to buy anything because monero value, as all easily printed shitcoins, trends to nothing.
You can't "print" Monero. You have to mine it, trade for it, or work for it. Just like Bitcoin.
Gold has constant inflation and is more popular than Bitcoin by far and has been mined for thousands of years.
All the matter is issuance is decentralized, predictable, and requires PoW (fiat money is none of those things)
Crypto will always be around. That cat is out of the bag. There will never only be just one Bitcoin just like there isn't just one precious metal or currency.
https://github.com/libbitcoin/libbitcoin-system/wiki/Scarcity-Fallacy
you can print infinite monero-like utility tools that try to solve privacy better and they alll will to keep the value.
Nope. It's not that easy. Just like Bitcoiners always argue about network effects, Monero has the lions share in network effects for privacy coins.
It would have to retain the same properties (self custody, unstoppable, permissionless, etc) and be much much better to draw users over. Not equal or just a little bit better. But if that happened then I would end up using it. I don't care as long as it retains the same spirit.
I guess like anything it will all be found out in time. However, my money is definitely on Monero. Since I was run away from Bitcoin in 2017 when it cost me $10 to potentially buy a coffee complete and utter bullshit. If l1 is not private and cheap, it will be centralized, and when it is centralized, it is completely useless.
You're conflating anonymity (pseudonymity really) with privacy. One hides identity, the other hides content/actions.
No, it's not like that at all. The point is with Bitcoin you DONT NEED a view key to see everyones transactions. That's the problem.
*BIP-47 is dead atm Samourai was shutdown and leaked metadata on chain anyway.
*Silent Payments don't hide your addresses from your counter parties or timing/amount analysis.
*Coinjoin is obfuscation - it doesn't hide/encrypt anything.
*Address reuse and consolidation is unavoidable for most users. One small mistake undoes years of "privacy".
Look at all the work you have to do and time/money spent to still end up with inferior privacy to Monero
You're still bringing up things that have zero to do with privacy like "economic incentive distortions" whatever that means
A small dark pool >>>>> a large transparent pool
Yes Monero doesn't protect you when transacting on exchanges obviously. Nothing does.
