6d
DrZhivago
6d239efbbc09b353460d7135e05130b63ff8fe30b40c1256353323e438015307
XMR: 88FjiErqX9F2kHbZ3Vypzjed145Bja8VLZ8KDXEnA3pT7XU8qdiKP9GDiso5FAgn1R53aGQuEpEqhUiVtjZKsYS2N68UeoM
Replying to Avatar Hanshan

ffs

this is why nostr:nprofile1qqszrqlfgavys8g0zf8mmy79dn92ghn723wwawx49py0nqjn7jtmjagpz4mhxue69uhkummnw3ezummcw3ezuer9wchszyrhwden5te0dehhxarj9ekk7mf0qy88wumn8ghj7mn0wvhxcmmv9uynmh4h insists on calling the sender of a tx knowing the destination "tracing."

because people unfamiliar with the nuances just think "apparently monero is traceable."

and FUD increases and he apparently gets off on that intellectually dishonest bullshit.

the sender knows where the #monero goes. there is no tracing involved.

its not ideal. but it isnt fucking "tracing monero"

nostr:nevent1qqsvvgedpcgnrrknv5p0wf75yn2d7vg3w4gs05envt0w2579y0atckqpzamhxue69uhhyetvv9ujumn0wd68ytnzv9hxgtczyr3p0zvhs5zgac2a5e4tr3rr8wr8n52pa9k9ycqh6hnmrxguukztjqcyqqqqqqgwfv0h4

Don't fret over the retards. Darknet market users determine the reality of privacy. Everyone else is irrelevant.

I bought a tracing book for my toddler. Every page has one dot on it. Am I satisfied with my purchase?

Tracing requires knowing the destination of funds after more than one transaction.

If you witness me purchase a sandwich, you did not trace anything. If you witness me purchase a sandwich, and then witness the sandwich shop purchase meat from a butcher, you traced funds.

If a 3rd party actor or colluding 3rd party actors (not the sender or reciever in question) can reveal the path of travel of transactions, then there is potentially no privacy, as those transactions can been traced. Otherwise there is privacy.

Not that these retards use words literally anyway, but maybe it will help someone gain clarity.

Given that it can be expensive to use Bitcoin L1 and/or spending will be disincentivized because of the hard cap, it becomes more likely that an L2 will be used. However, L2 solutions are typically not self-custody and are subpar custody in comparison to an L1. L2 custody may become an unacceptable risk in the future.

Let's assume that self-custody gets simple enough for the common man to be capable of doing it on their own. In that environment, it would be simple to use the L1 of any blockchain.

Any L1 may become the L1 used for inflationary spending. All major L1s fail to preserve purchasing power like Bitcoin, and privacy like Monero. As chain surveillance becomes trivial, this feature demonstrates the invaluable: cheap cross-chain privacy. Atomic swaps could be implemented, such that it is the main method of transmission of value between XMR and any chain (but let's focus on BTC).

BTC may be used for deflationary savings, with spending overall being reduced, but needs and desires still exist in the physical (3D) world. A refactoring of what those needs and desires are becomes significant. However, people will still want to spend their 2D savings at some point for luxuries in 3D space. It is possible that Bitcoin becomes so valuable that all savings are immediately transferred into BTC L1 to hold. Tx fees can remain low in sats/vb terms, but increasingly more valuable in infinity/btc terms. A few Txs or even one Tx per block may be valuable enough to sustain the network in the future. Assuming humans continue to trade, there should be some Tx occuring to convert other L1s into Bitcoin L1.

This scenario presupposes that L2s and wrapping assets cross-chain becomes infeasible due to 3rd party risk.

That's nice, but I don't like Monero for it's fiat valuation. Let's remember what matters during this mania period of the cycle.

At least they didn't leak information that can be used to harm people, like home addresses, government identities, or other useful info. AML, KYC, BSA is working here!