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Naruto
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I never go back on my word

Liquidity on join market isn't enough to qualify as best imo. But maybe some day.

"Not possible to censor you only your pub keys" isn't a coherent statement. They can prevent you from using the service if they choose to arbitrarily. Therefore it relies on trust that they won't do that.

I can still feel it ;)

There are tons of scenarios where coinjoinjng is necessary and useful today, even if you're 100% p2p no-kyc circular economy. And the best CJ relies on trust. You seem the type incapable of admitting you were incorrect. I can feel it.

I agree network effects are important.

I disagree ASIC resistance is silly. Monero's hash rate is solid and not at the mercy of specialized manufacturers. It's easier for an individual to mine Monero and it'll be that way forever.

The point remains that Monero offers a compelling use case for those who need or want private money. Even the guy who coined "there is no second best" literally said "if you need privacy maybe you need a Monero" lol

Whirlpool/Wasabi have the most liquidity for coinjoins. We have to trust that they won't censor us and allow use to use their services in order to use them.

Well if you like censorship resistant, fungible, private money that the state doesn't want you to use there is Monero. I find its use case pretty compelling

If we get to a point where relays can host files, we can move closer to censorship resistant music streaming #[5]

Replying to Avatar dread

- People want uber like convenience, and low cost for transactions when using money

- Non-custodial bitcoin or lightning is a straight up non-starter for most of the world

- Many users end up using custodial wallets for the convenience but...

- No privacy for their transactions

- Trusting their money to randos instead of holding it themselves

- They get rug-pulled all the time regardless if its a good custodian or not (FTX, Paxful)

- current example is Wallet of Satoshi, super easy to use and is a very successful wallet, prob the best LN wallet out there, but might rug-pull us all any day.

- FediMint is a easy to use bridge solution before we get to non-custodial, based on society today.

Here are the highlights:

- If you are gonna trust someone, its good for it to be someone local in your community.

- Even better for it to be multiple local custodians that hold multisig keys, so they would have to consipire to rob everyone (and the users of the fedimint know where they live and can go put a beating on them)

- Best part, the 'eCash' inside the fedimint moves around freely, without any trace. no users, no wallets, no blockchain. its just data moving around like *actual physical cash* would

- The 'eCash' is also interoperable with lightning, so you can still send to CashApp, Strike, WoS, BlueWallet, etc. which would leave the FediMint automatically and seamlessly.

*Here is the finishing move:* Bitcoin is not scalable, even Lightning is not fully scalable to billions of people without taking years of full blocks to get people onboarded. FediMint+Lightning is scalable TODAY to the world.

How is the LN interoperability still private? If you have ecash tokens and use the LN integration, I assume you have to reveal destination and amount to the fedimint custodian, is that not the case? Same goes for receiving over LN via the fedimint

It's kind of wild to get the best privacy available in Bitcoin 2023, we have to trust people not to censor us

You need a license to get going with ham radio, right? What would happen if you set up transmission equipment without a license and just kept switching locations every hour? How would they get you?

I feel like I've seen comments from them criticizing the tech without a lotta clarification, but can't find anything like that when I search now. I just see them criticizing that it's an echo chamber for the "kliq" type like this:

https://twitter.com/SamouraiDev/status/1620080552778027009

Better stated: if a customer sends coinjoined Bitcoin to a Chivo wallet user, what's your take on Chivo freezing the Chivo user's funds?