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

Matt's reply here is a commonnin defence of drivechains that is good, but not my favorite. It's one of the weaker defences, and only weak because of the counter position of most maxi veliefe that bitcoin number go up.

Claiming miners will need fees when your debate partner believes future miners will always make sufficient money of blocks because fiat will simultaneously lose value alongside it is not how bitcoinnwqs intended or designed. So if they do not know this or are ignoring it, i prefer leading with the stronger more universal reasons.

>Maybe mining wasn't supposed to be mostly centralized corporations. In concept.

>Satoshi intended plebs to mine off CPUs.

I cannot know the mind of satoshi or his intention. Perhaps he saw the present reality or not. He's not god or a parent i am supposed to carry out their will for. He was just a clever engineer who in cooperation with many others and their inventions, created bitcoin. Also, he intended fees to secure the network long term, the security model relies on this, from his perspective vased on the whitepaper of 2009.

We must deal with present reality. For instance, by your reasoning we should switch to Monero. It uses RandomX which eliminates ASICS completely and allows any regular laptop to secure the network. Switching to randomX (but not monero) happens to be one of the emergency measures that could be taken to circumvent a state level 51% attack by the way.

>In theory, is changing the Core code good for the money itself?

In theory and in practice yes. More intrusive and disruptive bips have been passed before. Bip300 will have fewer affects than taproot, simply because the affects are designed to be isolated to those who want to participate.

>Mining will be fine, as difficulty will adjust. Same security.

Maybe it will but the difficulty adjustment does not pay more money to miners or incentiviseS a dencentralized hash. I find miner arguments againsy DC to be a distraction. DC plays by the rules and dynamics that exist. Miner decentralization is an important issue and there are other projects trying to deal with that. But this bip is about sonething else.

I hope this comment was relevant, i did not read the ones further up the line.

I believe it was Satoshi who said "one cpu, one vote"

But if I'm being honest, RandomX is not a perfect solution as anyone can buy more votes by purchasing more CPUs, but perhaps better than ASICs in some ways as it at least makes mining very accessible to plebs. Incentive to mine is also not as strong as Bitcoin (low, break even, or negative profit). You do it to help the network to make Monero more secure (for others and yourself), and/or to get some KYC free Monero.

Replying to Avatar bcoiner

Bitcoin and other cryptos share many similarities:

-"The Goal is More Fiat" "NGU" "HFSP".

-"Corruptible leaders & rulers" like Blockstream and Bitcoin Core

-Public surveillable panopticon chain

-The original NFT

-Centralizing and KYC'd mining pools and mining farms

-L1 future on chain fees will render it unusable to 99.9% of users

"Monero is the only goddamn currency that's used!" -John McAfee

Open source part is out of date. They finally open sourced several weeks ago (About time)

I'm neutral about the whole drivechain conversation. Relevant part is the Liquid network criticisms. That's why I showed you it.

Why would you want that? Liquid is a permissioned network. It would be a worse Monero.

Short term price flucatuations occur on both Monero and Bitcoin so it's a wash anyway.

Just swap to Monero when needed and vice versa.

Monero is not meant as an investment. It is simply p2p digital cash.

But XMR is probably a good hedge against Bitcoin being co-opted.

KYC compliant bitcoin mining pools already over 50%.

New ASIC vendors KYC.

Blackrock now second largest shareholder of bitcoin mining firms.

New Blackrock ETF is also on the horizon.

https://youtu.be/T9BFnn2-TDM?si=JXvOeqs8snZzurF3&t=3236

The only way you can tell how many Bitcoin exist is by running a node. Exactly like Monero. You run a node and pay no mind. No Bitcoiner is making sure every ten minutes that all inputs = all outputs. What good is transparency and simple math if you never take advantage of it.

While on the otherhand Bitcoin has a richlist. Surveillors dream lmao:

https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html

If you need/want to use Bitcoin: Coinjoin (specifically Samourai Wallet: whirlpool + run your own dojo + spending tools)

If privacy is the priority, maximalism be damned: Monero

Zcash sender privacy *tech* is better than Monero. The implementaion of it on Zcash itself...not so much: https://moneroinfodump.neocities.org/#ZcashBlackpill

Say Monero three times and I'll appear 👻

With the Seraphis upgrade coming down the road Monero sender privacy will be just as good as Zcash using full membership proofs without all of Zcash downsides.

Ring signatures have never lead to anyone being discovered or busted in practice. They have been robust enough. 1 in 16 chance of guessing sender correctly. And with every hop it is 1 in 16^x chance (x being number of additional transactions).

Chance of correctly guessing sender after 3 hops:

6% -> 0.4% -> 0.02%

The amounts and recievers are still completely hidden.

In isolation, shielded Zcash sender privacy is technically better than Monero, but that is all. Example:

Monero:

6% Alice sent $[?] to [?]

Zcash:

[?] sent $[?] to [?]

But this small advantage is overshadowed by many other problems that I showed you in that link.

Some big ones:

Optional privacy - Very few users to hide among.

No layered privacy like Monero - if privacy breaks everything is potentially exposed

IP not hidden by default - what good is privacy if your transaction is accidentally linked to your IP?

Dev tax - lmao

Has known devs, a CEO, and a corporation - easy targets for manipulation and state force and regulation.

and much more...