Bitcoin empowers us, CREATING an economy free from government control and debt-based systems.
hahaha
No doubt, apparently there is a old out dated medical term called "Mongolian idiocy". which was referring to a person with downs syndrome. I imagine it most be very fucking annoying to have a term like that associated with their culture and people.
"almost no users obfuscate their bitcoin". well almost no users, use monero....
Your argument is not that xmr is better, but that humans are to lazy and dumb to be able to use privacy tools outside a main chains protocol. If XMR had any value over BTC, then the free market would be reflecting that. you want to know the ultimate private currancy...paper fiat...
BTC is up over 450% in the last 5 years. XMR is up 80ish percent. clearly people are using obfuscation tools, because the market is reflecting it gives zero shits about the main chain privacy of monero or any other privacy coin. the only use case for monero is atomic swapping in and out of for more obfuscation. which i think the 20k transactions that are performed on xmr chain can reflect
Don't marry your coins bro....its money and its a soft one
oh yeah, joke or not about the drug and firearms comment. reality is, that's what law enforcement and auditors will jump to if they know you own it. sad reality.
of course there is a record of the customer on an exchange buying any asset from a kyc exchange. what I am saying is that the asset itself can be obfuscated with methods (using xmr atomic swaps is an option) to remove traceability of the asset and can be spent or sold as the user wishes as a non-kyc asset. there is always a traceable onboarding aspect of any asset, unless you buy with cash. That goes for monero too. The data set on the bitcoin blockchain is massive despite being completely transparent. once traceability is severed. the user can hide in plan sight. monero on the other hand, on-boarding and off-boarding can be incrimanating with such a small data set and niche use case. The only reason to use it over btc, is for illegal drugs, firearms, and sex trafficking/prostitution. there is always plausible deniability to obfuscated btc transactions. plus there is a whole can of worms with auditing and code bugs with a small network having hardforks (its strength can be its down fall as a network). there is also the fact that the data storage to make it private is extremely blotted compared to btc. If the first mover was monero and it had the same level of adoption. Running a personal node would not be possible for most people. which would doom the monero network with centralization. Privacy improvements are best on 2nd layer protocols.
This situation of being banned and regulated on “white” markets is applied to both btc and xmr. The rails for btc on this market has grown and the the rails for xmr has shrunk. Yea of course it has taken over the dark markets despite that area shrinking. Because once an individual has completed exchanging value on the dark market. They need to transfer that value out. No one with any financial literacy will not atomic swap out of it. Learning the extra steps of using 2nd layers, tor, and coinjoin for btc basically makes xmr pointless. Its an extra learning curve to make kyc btc into non-kyc btc. Xmr is a slow, imploding star
now you could refute my claim. But the free market is pricing it in. the very market caps and adoption of both chains are showing the value and usefulness bitcoin is over monero
Well the amount of transactions performed daily on the bitcoin blockchain is about 30 times more then on XMR. XMR chain is more private on-chain. the issue is on-boarding value and off boarding value from the chain. any Atomic swap on and off become much more traceable. Of course you can say, "ill leave my monetary value on chain". but by doing so, diminishes your purchasing power. so people have to sacrifice there privacy to off board. With Bitcoin, there is methods off chain to make your on-chain transactions private. They can stay on chain after, because the owner knows that it will maintain its purchasing power when left there.
29.06.24 🫠 https://video.nostr.build/f5211165b5c1090e726a5a32cbc9680b12aa29d77d913b9b2dc4126ea4980bbc.mp4 https://video.nostr.build/b259eff6a83578ab7f9a014e095063c3ffedee4ecfda627d737801d67c4fee9e.mp4 https://video.nostr.build/0958383ec6f3f5bf956737b14dab2ad30c46ff50c8ffef19cb49d513ed34320b.mp4 https://video.nostr.build/2af817a8bdd3352b9704c16620dc9a497a04edd9ffad3673bd3d3014da33b6f5.mp4
Looks like a bunch of families enjoying the summer weather 🤗
