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Writing notes and comments about #Bitcoin, #Nostr, #Freedom and software development

Correct. And some people argue that it is already too large.

I've learned that there have been multiple bugs in the Bitcoin code which Satoshi wrote initially and fixed later.

If there's a starting point where two persons wants to use the hardest asset which offers strongest assurances and highest protection for value preservation as a store of value (bitcoin).

If they then want to use Monero as a privacy tool for sending some of that value between each other, how would that practically work?

1. At first the sender would probably need to convert BTC to XMR

2. Sender sends XMR to recipient

3. Recipient converts XMR to BTC

In my view there's quite a lot of problematics what comes to privacy preservation for example in phases 1 and 3 where one would probably need rely on 3rd party services. Then there's economic (fees) and UX (exchange, dealing with different protocols etc.) perspectives.

Monero's technology is interesting, and of course if we could use it to send directly satoshis between each other, that would definitely change things and be cool, but as far as I understand, that's not (yet?) possible.

I'm meaning that it is hard and cumbersome for a person use Monero as a privacy tool for financial transactions.

You know who put the 1 MB block limit? Satoshi Nakamoto. It is there for a reason.

Satoshi was most likely a human being. We tend to get things wrong when experimenting and innovating. Some of us also have great ability identify and fix things we got wrong in the first place.

Well, gold sure has some physical properties that can't be replaced by bitcoin

I don't see Monero as alternative, it's something completely different, with different rules (like infinite inflation).

It's like suggesting to use truck in F1 race because it can fit more drivers inside, or to play tennis with baseball bat because you can hit ball further with it.

Also it's seems to be very hard to use Monero to gain any meaningful privacy ๐Ÿค”

It so small that I've lost it in my pocket for multiple times ๐Ÿ˜…

This is my daily driver for now, AMA.