Avatar
OT
86c79e5aa8c41f68c9a238858b08c4d63c1b0ce6d4fa96d32a90df25bd83b072
A Bitcoin guy.
Replying to Avatar Sjors Provoost

Excellent analysis by nostr:npub1kyxqqqq8n2pu7f5pthr48zqcmr2k52vrud6wxzjpg0jsqcyhs3tshfc6vv. It was subsequently confirmed by Wan Chun of F2Pool, but they've decided to stop filtering transactions for now.

https://b10c.me/observations/08-missing-sanctioned-transactions/

Where is Chun based?

Replying to Avatar Dan Wedge

The Canadian trucker protest and why it's not a victory for Bitcoin.

The Canadian Charter of Rights and Freedoms is written for the federal government. It is an institutional document that serves as lip service to my citizenship “freedoms” It boils down to me having a right to a federal election every 5 years, at most.

Domestically my prime minister has more power than the president of the United States has domestically. The president still has great power internationally, yet they are held accountable by the USA check and balance system domestically.

When my prime minister decided to label citizens as a national emergency it showed his and his “party's” inability to act. He would not negotiate or meet in good faith, as it was not in his electoral favour. The institutions mentioned above allow for this monopoly power won by election. It is not an abuse of power as it has been legal, just not practiced.

Government-produced money was frozen it was done to starve the protest of its capital, previous protests have always run out of funds and dissipated. While I watched my fellow Canadians cheer on bitcoins circumventing our laws I saw something short-sighted.

I am a Canadian National, it is legal for me to purchase Bitcoin. exchanges know who I am, and how much taxes I should pay.

If ever I should need my Bitcoin I will never be able to use it in Canada as I will be marked. We wasted our first opportunity to use decentralized money on trucker protests. A poorly managed regime problem in my humble opinion. No one was taking the monopoly of violence away from the state. There was no immediate danger as that faced in Ukraine or Gaza. Yes us plebs learned from the protest. Ben and the team assisted the war front in Ukraine to funds in less than 48 hours, but we are not ready to take the monopoly of violence away from the state.

This is softwar and we showed our hand early. Start sharpening your digital talons

#NotFreedomJustConsent.

It wasn't a victory cause the guys accepting all the bitcoin didn't coin join & use private LN channels.

Which important point did I not address?

But yeah, I don't think you're going to convince me on monero so we can stop & get on with our lives

You know that's the same 1 guy right?

I don't think bitcoin has won. If it failed tomorrow I'd still be OK (although disappointed)

I think this "discussion" started when you rightly pointed out that liquid is not anonymous. I just think that monero is a sh$tcoin & you seem to be very attached to the need for monero. I think that if you use bitcoin with coinjoins, private lightning channels soon to be pay join or post mix stonewalls you have good enough privacy. So I don't need to look at monero for now.

Yes, I do, obviously much more than you do!

By your own admission you have no clue what you're talking about lmao! Ok that's fine, but then why act like you know what you're talking about if you dont have time to look into shitcoins?

Do you really want to know why not those other privacy coins?

The tech Zcash uses (Zero Knowledge Proofs) is legit. Zcash implementation and governance is not. The gulf between theory and practice: https://moneroinfodump.neocities.org/#ZcashBlackpill

-Optional privacy (AKA majority of activity is still transparent)

-Vulnerable centralized corporation and known researchers/devs with a CEO (Electric Coin Company)

-Originally a trusted setup. The "remedy" via turnstiles is a half baked solution. Legitimate users are fucked as bad actors go thru.

-Indefinite 20% dev tax on mining (Founders Reward)

-Computationally expensive (Slow performance for shielded txs)

-Transitioning into Proof of Stake

-Not fungible

-Cryptography used is novel and not well understood or tested

-Not used on Darknet Markets (not chosen by the free market in highly adversarial environments where it matters with ultimate skin in the game)

-Fixed blocksize and fixed supply (high tx fees if demand increases)

-IP isn't hidden by default

-Someone has been spam attacking the chain for over a year and ballooned the total blocksize from 30GB to over 100GB in a few months last year. It is probably double that now.

MimbleWimble is not a coin it is a privacy and scalabiltiy protocol that some coins use like Litecoin and Grin. It is better privacy than Bitcoin, but weaker privacy than Monero's tech and has well known major privacy vulnerabilities you can look up.

Coinjoin is weak obfuscation nothing is hidden like Monero. For nothing serious it is fine if you want to pay more fees, wait longer, and deal with the tedium of coin control. You do you though.

There is a reason why no one uses LN on the freeweb.

LN devs themselves are telling you it isn't private, but if they can't convince you I sure wont.

Who said I own zero Bitcoin? Like I said a long time ago, you don't have to save in Monero to use it. Its properties make it a great p2p digital cash and Medium of Exchange (privacy, fungibility, and very cheap tx fees).

You've been sh$tting on bitcoin this whole time!

Lol

& just because 1 LN dev found a theoretical attack doesn't mean it is going to be successful. Unannounced channels have been working pretty well for me so far. But we'll see soon enough I guess

The future of bitcoin developed is vast. Honesty there will be no need for monero in the coming years. Monero devs better find a way to "bridge" to bitcoin before becoming obsolete.

& you do? Lol

Why not other privacy sh$tcoins like zcash, nimble wimble etc?

All I'm saying is I don't have time to look in depth into sh$tcoins.

A few rounds of coin joins is good enough for an in chain payment. Using a post coin joined UTXO & opening up a private LN channel is good enough privacy. Yes, they can be improved. Yes, they will be improved

Maybe if I wanted to buy illegal drugs monero might be better. BUT storing your wealth in monero is a bad idea. It will continue to trend to zero against bitcoin.

If you own zero bitcoin, you're doing it wrong.

That's right, I don't have time to look into monero. If you want better arguments you probably shouldn't be arguing with a pleb.

There's too much happening in bitcoin. Its also too important to let go just because one sh$tcoin has better privacy. Better privacy will come to bitcoin in upper layers & I'm comfortable I know enough to use it privately today

You guys are very persistent though which is heart warming. Say hi to Fluffy for me