Global adoption prophecy is mostly a Bitcoin maxi phenomenon. Highly doubt normies will use either in an self-sovereign way.
So everyone is going to run their own mints and have an anonset of 1? Defeats the whole point of convenience and privacy for ecash.
"In economics, fungibility is the property of a good or a commodity whose individual units are essentially interchangeable, and each of whose parts are ***indistinguishable*** from any other part"
"A fungible asset is interchangeable and ***indistinguishable*** from another asset of the same type"
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Since the transparency and immutability aspects of Bitcoin are foundational and mutually exclusive to privacy and fungibility, I don't see L1 ever changing that. You can build those things on L2 /L3 but **not without** compromising L1 core value props. And we see that with things like Fedimint, Liquid, and Lightning.
That is fine I hope Bitcoin succeeds, because ultimately all I care about is freedom money, but until then Monero will be useful for filling the gap currently missing from it.
Sorry, you call Monero a shitcoin all you want, but wont change that Bitcoin is not fungible. How can money with unique histories be fungble? Keyword in the definition of fungibility is "indistinguishable"
>"Privacy and scalability were sacrificed for security and reliability."
I understand and that is fine, but that is the tradeoff it makes.
Fedimint privacy/funigbility is good, but is custodial so is not a full replacement for Monero. Also a rehypothecation risk from the mint. Although I hear El Sirion is working on something to address that.
Ideal money needs to be fungible not just scarce.
Obviously bitcoin is scarcer. That isn't the issue.
A cash-like digital money that has tiny predictable inflation that asymptotically approaches 0% is not too shabby.
Don't save in it if that is your fear. Use as cash.
If bitcoin becomes scare AND fungible Monero will no longer be needed.
I agree it is absurd, but this is how it is.
You don't ask people nicely not to spend your coins; you make them unspendable by others thru cryptography
In the same way, you don't ask people nicely not to distinguish among different coins; you make them technically indistinguishable AKA fungible
Monero is more scalable than bitcoin *unless* you use bitcoin in a non-private way.
Monero tx size is smaller than than coinjoining.
Lmao, gotta admit this backhanded compliment is pretty funny 😂
Just realized you use Wallet of Satoshi lmao... "You're trusting 3rd parties bro"
Not only are you baseless, you aren't even a bitcoiner. Larp.
No, it's not true just because I said it. I tried offering arguments and pieces of evidence along with what I say (open to being wrong or missing something).
But you just make empty claims.
You literally just cried that I was calling you names (I wasn't) and proceed to call me dumb.
No arguments or rationale from you thru this whole thread. Just constant claims.
Special place in my heart for WKUK
You think "Bitcoin has failed" hypemen are annoying?
Let me introduce you to the far more common bitcoin maxi circle jerkers that insert themselves at every opportunity to call every legitimate foss project a shitcoin
If bitcoins goal is "p2p electronic cash" as defined by the white paper, then yes, it is an exploit/attack. No one foresaw Ordinals & Inscriptions. It was an unknown possibility for years so did your devs fail you?
You keep repeating devs are trusted 3rd parties without showing me how if it can easily be forked. We already have precedence that disputes what you are saying.
Speaking of trusting 3rd parties...If Bitcoin ossified today, 99.9% of the globe could not self-custody L1. No, don't say LN, it would still take a lifetime to onboard the world with a single tx each. The future of bitcoin would be Paypal 2.0. Trusted 3rd parties are only okay if it's on bitcoin???
And we aren't even talking about future L1 tx fees
Everyone in Monero knows what Mordinals are. It never caught on like it did with bitcoin so your whole worry is theoretical and already being addressed.
Tell me how you centralize information? The whole code base is open source. In the far-fetched scenario where every single dev colluded to sabotage Monero the community wouldn't fork? It already did once!
Where did I call you names???
Monero community literally has a whole series called "Breaking Monero" that shows many of its attack vectors. They are more honest, adversarial thinking, and self-critical than I ever see from most bitcoin maxis.
Youre showing me a *theoretical* attack that was brought to light by those in Monero. If you actually researched monero "for years" like you say you would know this isn't some gotcha secret. And unlike Bitcoin something can be done about it. Discussion and potential solutions immediately followed on the repo, IRC, Matrix, and podcasts and brought to consensus.
Meanwhile Bitcoin is blindsided by *actual* ongoing attacks (still) by NFTards. But can't do jack shit but cry all over twitter and bend over because "muh hardforks bad" Sleep in the bed you made.
Somehow it still hasn't clicked yet that by FOSS very nature it can't be centralized. The moment Monero starts to slide the community will fork and move away, just like it did from BitMonero.
I have no dog in the race. Think both are interesting. But isn't Ark still vaporware as well?
Some kind of decentralized, "onion routed" uber-like delivery service? No single deliverer would see the full path.
Wanted to add that you can swap for it with Bisq and Trocador too