Yah bitcoin has txs public but no identifying data linked to those txs, and this is widely understood.

Why would I constantly going in and out from btc to monero and vise versa? That would negate what little privacy benefits monero actually has left.

1) This can change. Govnts agree on all sorts of things to consolidate power. If the EU/US agree to ban use of bitcoin, then it becomes less valuable elsewhere also.

2) doesn't matter because of 1) - you can spend only on dark markets, and they need to be able to change it for currency they can spend (food etc), so only in countries that allow bitcoin exchange legally.

3) True, but that's not a reason, wiping that out is actually GOOD for fiat currency. Countries ban certain foreign currencies to bolster their own. Banning bitcoin would wipe that and that would be good for fiat. At worse there will be as many winners as losers.

4) Visa is efficient. Its works fine. Bitcoin privacy is better but not good enough. Govnt's aren't not banning Bitcoin because they think its fast and efficient, no minister has ever thought that.

5) So, there's plenty of useful things govnts can invest in - you know roads/rail/hospitals/housing/manufacturing - actual things!

The OP was right to ask this question, and probably knows the answer: A govnt can block its use any time it likes with little consequence to the state. It probably won't though, because Bitcoin is a good Trojan horse, and a spying tool for govnts. It gives them immense control, and the bigger it gets the bigger the Trojan gets , until boom!

Governments have tried this before, and failed. There are many reasons for this:

1. Bitcoin is international. Your government can ban it all it wants, but the blockchain still keeps making more blocks regardless.

2. Technical censorship (blocking access to the network) is impossible to do perfectly. Things will slip through and people will still be able to access their Bitcoin, just with a few extra steps.

3. Bitcoin's market cap is 850 billion dollars. You are effectively sanctioning your own country by not letting it connect to this economy which ranks in the top 25 countries by GDP. The bigger Bitcoin gets, the more true that becomes.

4. Bitcoin's promise is more efficient payment systems. By not letting your country participate in this, you will be stuck using slow, legacy payment systems. This makes your economy less efficient, which makes it less competitive on the global market all else being equal.

5. There is a lot of international investment going into crypto technology. If you don't let people tinker with and use crypto in your country, you are going to miss out on that investment and the jobs it creates.

Your shitcoin currency is losing value faster than fiat. It's hot potato money. I know it, you know it, the market knows it.

#sats over #lightning or #liquid is succeding as currency for small payments, #xmr is not.

I don't care about ETFs, stocks, or Bugattis. The greatest investment you can make is in yourself.

What Bitcoin fanbois don't understand is it won't be anymore private at $10 than it is at $100,000. Also, it's transaction fees grow in proportion to it's adoption. Regulatory capture - you're the one being Trojan horsed.

VPNs and privacy services that accept #Monero also accept #Bitcoin as well. Show me a privacy service i should use that accepts #XMR and not #BTC.

If #Monero had the same adoption as Bitcoin, no one would be able to run full nodes due blockchain size.

I have my life savings on this thing, I don't want frequent developments and hard forks, like on Monero. Stagnation (or Ossification) is a good thing.

Privacy on Bitcoin is not complicated - just swap from #BTC to #Lightning or #Liquid, and transact from there. It takes me less than 2 minutes to do the swap. Fees on Lightning and Liquid are nearly zero, and you get good enough privacy.

If you think I'm wrong, try to find my on-chain address from the lightning zap I just sent you. Can you do it? If not, then you proved my point - Monero is ONLY useful for shady, illegal, darknet markets, aka hiding from 3-letter agencies, something that no #Bitcoiner is interested in.

Think about it.

If I were to send my friend some value now and I would like to use Monero as a privacy tool, how's that going to work?

Step 1: I convert some sats to XMR via some decentralized exchange

Step 2: I send XMR to my friend

Step3: My friend uses some exchange to convert XMR to sats

I think this approach is:

- Costly

- Unclear if it would echance your privacy ar overall

- Time consuming

- Security risk (you would have to deal with technology that offers less assurances that you would otherwise have)

Monero is a shitcoin.

- Unlimited supply

- Constant hard forks

- Complex codebase (less people capable of analyzing the code == less security)

- Doesn't actually improve your privacy meaningfully

Use two Phoenix Wallets with your own two separate private keys, use you own Electrum server and Tor, send your #Bitcoin once (or twice) via the Lightning Network. We don't need whirpool mixers nor #Monero.

Coinjoin is ownership obfuscation. It doesn't provide any privacy like Monero does. All amounts and connections are visible and more vulnerable to future mistakes or offchain data.

Expensive, slow, and tedious too

Gold is last century shiny yellow rock. #Monero has unlimited supply cap, it doesn't matter if issuance is predictable. 1 btc = 1 btc, can't say the same for Monero.

Having a private blockchain has its cons. You get default privacy sure, but you have to give up trust in the system being bug-free and exploit-proof because you can't verify anything. An inflation bug, for instance, can go undetected in Monero, and it's possible that's already happened.

No one holds Monero because it's just temporary tool people use to transact privately. It's like paper fiat, but digital. And every cool feature any shitcoin has will eventually come to Bitcoin. It's just a matter of time before Bitcoin gets better privacy solutions (on par with Monero). Once that happens, are you still gonna stick with Monero?

9 days in this new year, and I can’t take this fiat working life anymore.

Everything is meaningless, they talk about boring stuff, only think about getting drunk on the we, do not think for themselves.

I’ve reach a point where I can’t even make an effort to try and fit it.

Fuck this fiat system.

I need to start working toward and building this sovereign life from energy, food, communities, communication etc

Bitcoin changes you forever

Traceability will be used asymmetrically against the powerless. Privacy strengthens security and censorship resistance for users. Can't really see any strong argument against privacy being the default.

Monero users can always be optionally transparent with their own individual transactions or even whole wallets if they wish to reveal them by simply providing viewkeys

In short: Monero has great features to transport „value“ quickly and with privacy in mind. Like other technologies. ➞ #Bitcoin is value.

If necessary, you can briefly exchange Bitcoin for Monero, send Monero, then your trading partner can return it to Bitcoin to store the value in the long term.

The traceability of Bitcoin is not necessarily a bug, but I am aware that there are different opinions on this.

There is no Bitcoin transaction that appeared in the mempool which has not gone through (excluding purged low fee transactions but that is not censorship). Eventually all transactions from mempool will be added to a block.