Better in what way? As a speculative NGU SoV? Bitcoin has Monero beat.
As a private, fungible, cheap digital cash (refer to white paper)? Monero has Bitcoin beat
LN =/= Bitcoin. LN requires a hot wallet, not final settlement, dependant on intermediary centralized nodes for a smooth routing experience, shittier privacy, weaker secruity, requires active node to secure funds, etc, etc, etc
Prove me wrong. Hold your entire stack on LN. Doubt.
Bcash (still a better MoE than Bitcoin) has the same privacy problems as Bitcoin and so does Banano and Nano. Reach more.
#doublestandard
What if I don't like the changes of the next Lightning Network hardfork??? You gonna "kick me off the network"?
No, there is no contradiction, I can hold any variety of anything I find useful for different reasons. I don't have to go all into a single thing like a smooth brain ape like yourself.
Exactly. What point? Shishi never clarified
It would only be unfair if you couldn't op-out. You can opt-out at any moment.
What you want is for a network of users to conform around you. Other users don't owe you shit. It's like forcing others to remain compatible with your shitty CD player at their own expense. Don't like it? Sell or fork off. No one is forcing you to use it.
Your logic is completely at odds with a free market.
Monero supply is scarcer than Bitcoin *right now* (and for the next few decades).
Bitcoin is diluting supply at a higher rate than Monero *right now*. Dump it years down the road if you wish - if inflation lower than gold scares you.
You're wrong. Monero's blocksize limit is 0.3 MB *right now* (you bring up another hypothetical) without significant and sustained demand long term it cannot grow beyond this. Reality.
Agree with the privacy trade off of opaque auditability.
Do NOT agree that it offers any unique rehypothecation opportunity from exchanges. Rehypothecation happens all the time even with Bitcoin. Look at this last cycle.
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 an exploited inflation bug without hurting other users on either Bitcoin or Monero.
The good samaritan will of one anon was all that stood between an Bitcoin and an exploitated supply. All the transparency in the world couldn't have stopped them if they decided otherwise: https://bitcoincore.org/en/2018/09/20/notice/
Bitcoin is easier to defend, but harder to deploy honest hashpower against a successful attack. (limit supply ASICs)
Monero is harder to defend, but easier to deploy honest hashpower against a succesful attack. (ubiquitous CPUs)
Transparency is not an absolute good or bad thing either, it's a tradeoff. Just like privacy. The state wants to wield transparency against you, to force you into a panopticon, and themself to be private and unaccountable.
The only equalizer the average person has against the state is privacy and anonymity. You cannot have freedom without privacy. You think corrupt state regimes will play by the rules like good little boys and use Bitcoin for their shady deeds so you can "shine a light on them" on them?
You are sleeping. Utopia pipe dream.
Monero average tx fee: $0.001 ✅ cheaper (gets cheaper with more use)
Bitcoin average tx fee: $5.10
Monero supply: 18,147,820 ✅ scarcer
Bitcoin supply: 19,467,081
Monero block reward: 3 XMR every 10 minutes ✅scarcer
Bitcoin block reward: 6.25 BTC every 10 minutes
Monero blocksize: 0.3 MB ✅ smaller
Bitcoin blocksize: 4 MB
Monero full blockchain size: ~180 GB ✅ smaller
Bitcoin full blockchain size: ~500 GB
Reality meets the hypothetical
Sure, but the whole ethos, goal, purpose of crypto is to use without permission or custody.
Many small stacks = one large rug incentive
That relatively small stack might mean quite a lot to many people using it around the world. Maybe devastatingly so.
"In my experiments, I was able to create hundreds of thousands of fake channels against victim nodes (owned by me), with all kinds of adverse effects. In some cases, funds were clearly at risk of being stolen due to the victim node’s inability to respond to cheating attempts"
"The fact that this DoS vector went unnoticed since the beginning of the Lightning Network should make everyone a little scared. If a newcomer like me could discover this vulnerability in a couple months, there are probably many other vulnerabilities in the Lightning Network waiting to be found and exploited."
New LN bug just dropped. Not okay for Monero to hardfork, but ok when LN does it. Better go hardfork to keep your funds SAFU 😂
You're being cheeky, that isn't a real criticism.
What point that I made about hardforking do you have an issue with? Lets hear it
The problem with Fedimint is that they it is custodial and mints can print ecash unbacked by Bitcoin without anyone knowing. (Although I believe Calle has a partial solution in the works for rehypothecation, but not fully)
On top of those two things, even honest mint runners that collect fees (the whole incentive model) have a problem with being considered money transmitters and targeteable by government (see recent Tornado Cash ruling)
If those mint runners remain anonymous, that would solve the problem above, but bring a new problem. Since they are anons, and fedimints are custodial, they could easily run off with users Bitcoin with little or no consequence.
This is probably one of the best friendly discussions I've listened to where each side doesn't get emotional and honestly acknowledges flaws on either side. Giacomo and Seth were great.
I try. It's hard when the other side doesn't acknowledge any downside to Bitcoin and is calling you a shill, retard, or shitcoiner for any argument you might bring up (whether the argument is flawed or not).
But you are right. Almost never in good faith and it rarely turns into a productive conversation. But sometimes it happens and when it does it's great.
Ok, sum up Monero privacy leaks. While doing that - throw a stone and where ever it lands is a Bitcoin privacy leak.
Mining algo issues have jack to do with privacy.
A toxic maxi calling others arrogant. Lmao. Lol even.
Thanks for proving me right. If you can't criticize any aspect of Bitcoin you shouldn't be taken seriously.
No retard, the shirtcoin isn't like #Bitcoin.
The elite decides the hardforks, the users have to adopt or leave. Bitcoin does softforks so the users can decide what to use. Massive difference.
https://btcmap.org/map - enjoy your podunk country, retard.
Solution: Sell your Monero when you don't like it, or fork when you don't like it.
Still no contentious Monero hardforks because users actually value protocol improvements. Bitcoin had the very turbulent blocksize wars and the half measure segwit so still wasn't saved from disagreements.
Meanwhile Bitcoin is still stuck with 2009 surveillance tech.
I bet you can't say one bad thing about Bitcoin. Dishonest hack
Perfect example. So mad 😂
Don't you dare use Bitcoin as p2p electronic cash! Continue hodling!
No, I like Bitcoin, it has it's strengths and weaknesses. I just don't like dishonest shills that get emotional about any criticism like Janet Yellen. They think Bitcoin can do everything with no trade offs which is ridiculous.