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Saberhagen The Nameless
af740d198babb8c7b82d0a4718eb354bb3f6af9a98639b85d4a5cf1371caba85
https://pubky.app/profile/egheqxn78mst7pwdshtgxmgctsqspwhzqir1nucjgc981kbj8ujy XMR: 84mAJEgdihyRHkz8fGeuqgbQ19SuGeFWbhokJG2uMNMwTkDyoyQ3H7BijQNwSriSp9hHfaRGZYpCuKvHJwTer8av845U9py SimpleX: https://smp17.simplex.im/a#R1eFufRtZcsq_c7drIpiHLhdNGaUd_lSEjW1yMY-IvY

If you are scared then don't save with Monero.

Save with Bitcoin. Use Monero like cash. Much cheaper to transact, simple to use, and truly private.

The speculative "store of value" is unique to Bitcoin. Monero is trying to be "p2p electronic cash" like the title of the whitepaper. You ever read it?

Fiat = unpredictable inflation, massive spikes

Monero = predictable stable inflation, less than gold

If the supply scares you. Don't save with it. Save with Bitcoin. Use Monero. Cheap tx fees <1 cent and gets cheaper the more people use it. Easier, quicker, better privacy than CJing. And all by default.

Hope this reaches you thru the maxi brain rot

Because you're threatened it does something better than Bitcoin that Bitcoin chose not to specialize in?

If you dont think Monero will be a good SoV don't save with it long term. Just use it.

The hours long obstacle course you need to achieve anything resembling "privacy" on Bitcoin... is inferior to me pressing the send button 👉📲 #sad

Run a node like Bitcoin. Mine like Bitcoin.

If you are scared of the way Monero does both of these things. Don't save with it. Simple as pie.

You're telling people to use Liquid, a permissioned network, and calling Monero a shitcoin...Short term volatility is the same on XMR and BTC so that doesn't matter if you don't hodl XMR long term.

Liquid: 100% chance Alice sent $[?] to Bob

Monero: ~6% chance Alice sent $[?] to [?]

Monero also hides IP address by default. Liquid doesn't. Hide the names and which would you choose given all the facts?

The hours long obstacle course you need to achieve anyhting resembling "privacy" on Bitcoin... is inferior to me pressing the send button 👉📲

#sad

Yes it does matter. Not just governments who are a threat either.

KYC data can accidentally leak or be hacked. Happens all the time. Now how much Bitcoin you bought, your name, address, etc are in the public available to any criminal.

https://github.com/jlopp/physical-bitcoin-attacks/blob/master/README.md

It's not just okay, but a virtuous and a moral duty to avoid theft from the state (aka taxes) that they overwhelmingly use to cause harm to others. Deprive them as much as you can.

This has been their stance on Monero for years.

Did you just start paying attention?

No supply cap. If this worries you dont use it as savings. Save in Bitcoin.

Stable predictable supply with inflation less than that of gold and continuously falling %. Bitcoin will be more scarce by ~2040. But right now Monero has less total supply than Bitcoin.

Use Monero for what it is better at a MoE. As p2p digital cash in your pocket. Much cheaper tx fees <1 cent that get cheaper the more txs there are. No tedious, slow, expensive, and inferior CJing necessary. And comes with strong default privacy.

You audit the same way you audit on bitcoin. You run a node.

No Bitcoiner is taking advantage of it's "very clear" blockchain to scrutinize the blockchain anyway so that doesn't help you. Are you making sure every block that all input = all outputs? No, you just run your node and pay no mind.

How do Bitcoiners audit supply of Bitcoin? You probably just run a node to do this exactly like every Bitcoin and Monero user. No Bitcoiner is taking advantage of it's transparency/simple math to scrutinize the whole blockchain every block to make sure every single output equals all inputs. So in practice what is the difference?

Monero audits supply using bulletproofs and pedersen commitments. It is not obscure it is well established and sound cryptography from the 80s, but admittedly more complex than bitcoins simple math.

An exploited inflation bug would be equally catastrophic once it happened to either Bitcoin or Monero. Attackers have the advantage. There is no good solution to fix this without hurting other users on either Bitcoin or Monero.

Trivia: Did you know there was a hidden inflation bug in Bitcoin only an anonymous user knew? They couldve easily exploited it, but very luckily they were an honest actor who secretly let the devs know (who couldve also decided to exploit it). If they did exploit it, how would detectable inflation help after the fact? It wouldnt.

https://www.coindesk.com/markets/2018/09/21/the-latest-bitcoin-bug-was-so-bad-developers-kept-its-full-details-a-secret/

Monero can support roughly 100x more transactions on current protocol with no more upgrades without straining current tech limits. It already cut down transaction size by ~80% since inception. It's scalability will keep improving over time and consumer tech is always getting better.

Monero is for anyone, not necessarily everyone. If you think the masses are going to want to live in a state of cryptoanarchy I think it sounds pretty copium... But anyone that wants is free to use Monero it is open and permissionless.