I guess it is more convenient to believe every critic is a Monero sock than have to contend with any points they make.
Every criticism bitcoin maxis level at Monero can be nullified by doing exactly what you say. Save in Bitcoin, spend in Monero. Everytime I bring this up I *never* get a response. Crickets...🦗🦗🦗
It's "my sports team is better" mania at this point. It's emotional knee jerk reactions.
Unless a government had been stockpiling ones not made available to the public all these years...with an unlimited money printer, and only a couple manufacturers to bribe. How would we know?
I consider it unlikely too...but still well within the realm of possiblility.
Bitmain only doesn't control your chain because they don't want to
How does stabilizing the grid make bitcoin mining more secure? If anything that makes it less secure because they are concentrated in single locations and can be flipped off and on by the state.
Of course ASIC manufacturer choke points are a potential issue you said it yourself...there are only a couple big names lol. How do you know newer better ASICs arent being secretly sold to governments? Would be more devastating to Bitcoin because of how limited ASICs are vs CPUs
Monero already has it's own version of "Stratumv2" called P2Pool for years. Catch up slowbros 🏄♂️
Welcome back Mr. "bye bye 👋" 😂
You bring up some fair points about data centers.
What draws more energy and produces more heat/noise?Your average CPU or ASIC? Disingenuous to imply it is anywhere near the same level.
If I buy a bitcoin ASIC miner it is obvious what it is and what I'm going to do with it. If I buy a general purpose CPU you have no clue what I'm using it for. You don't even need to buy one you likely have several lying around.
And I can pick at tight ASIC manufacturer chokepoints, vulnerable corporate mining farm centralization, and less than discrete energy draw, heat, and noise.
But fair enough, we choose our trade offs.
Yes. Long term value that comes from a scarce fixed supply (no inflation). That is my point.
Bitcoin has been a great SoV so far. But ~14 years is hardly "longterm". Extrapolating into the future is speculation.
If microscopic inflation and privacy improving hardforks from a FOSS project still scare you...don't save in Monero. Use it.
Yes, I'm a fan of SimpleX. But if you care about privacy defaults matter. How many use tor/i2p or even VPNs? They are inaccessible to the average person because of ignorance or lack the time to learn (not necessarily because they wouldn't like to be private). It's more friction between them and privacy.
Look at BTC, LTC, Zcash. All have optional privacy, but no one uses them that way.
I wouldn't be so sure.
Unless Bitcoin hardforks (wont happen. immutability is a major value prop) to improve privacy on the level of Monero, Monero will always be useful because of it's unique L1 tradeoffs it offers. You can gain privacy on L2s but take on different tradeoffs from either Bitcoin or Monero.
Bitcoiners always bring up network effects, but conveniently ignore that Monero has the largest network effect for privacy coins. And it is only growing over time on the darknet and will most likely displace Bitcoin (chosen by a free market and adversarial environment where these things matter and are put to the test).
So far, any possible L2 privacy improvements you lose custody (fedimints), non interactivity (lightning), permissionlessness (liquid), change mining incentives (drivechains). Other trade offs exist with each one but those are some major ones.
The wise know there are no perfect solutions, only tradeoffs.
Yes, because privacy is not on by default the vast majority of users ~90% do not use Zcash privately. Zcash tech is more private than Monero theoretically, but no one uses it, not even most Zcashers.
And has many other bad design decisions.
Vulnerable known centralized corporation and researchers w/ a CEO (Electric Coin Company)
Originally a trusted setup
Indefinite 20% dev tax on mining (Founders Reward)
Computationally expensive (Slow performance for shielded txs)
Possibly considered a security
Transitioning into Proof of Stake
Not fungible
Not well tested or understood cryptography
Not tested on Darknet Markets (not used in adversarial environments)
Fixed blocksize and supply (high tx fees if demand increases)
IP isn't obfuscated
You're the one confusing the two. Monero is not a fork of Bitcoin.
Thanks for revealing you don't even understand basic 101 of Monero. Argument can be safely dismissed 🚮
This. Tbf I can't blame bitcoiners being traumatized by fiat inflation.
But what makes fiat inflation terrible is the unpredictable and severe nature. Monero is neither. Less inflation than gold and % is constantly shrinking.
But sure, if all goes as planned, technically, Bitcoin is more scarce in the future no argument from me about that.
I read them. Understood and unimpressed by lack of intellectual honesty and critical thought. Deuces ✌
And Bitcoin doesn't make sacrifices (lack of fungibility, privacy, tx fees)? There are no solutions, only trade offs.
Will always come with a different tradeoff