Profile: ede3d957...
"Bitcoin is fundamentally different from any other digital asset. No other digital asset is likely to improve upon bitcoin as a monetary good because bitcoin is the most (relative to other digital assets) secure, decentralized, sound digital money and any “improvement” will potentially face trade-offs."
https://www.fidelitydigitalassets.com/research-and-insights/bitcoin-first-revisited
You seem to have never heard of #Monero. It is a better medium of exchange than BTC simply because its baselayer is fungible.
There's nothing more fungible than #Monero. But I guess they are talking about good old USD.
Monero is different. It's all about the tool. It's about being ready to be adopted. It's an invitation to the world.
Once you are ready you will discover it, start using it and setting yourself free.
Becoming self-sovereign again is the spiritual purpose of this generation.
#Bitcoin will be a privacy nightmare, if it ever gets adopted in the real economy. It's an almost perfect inflation hedge and store of value, but you won't get me to promote anything but #Monero for payments in a circular economy.
Any coin that sees regular hard forks (all but BTC) are not immutable from a hardened experience. Only ossification guarantees that things can't get changer retroactively. And chain security is dependent on code integrity going forward.
Prediction: in a few years we’ll increase the Bitcoin block size.
If the reactions to pegged sidechains are so hostile and almost nobody wants to break the 21 million supply cap to pay the miners, we’ll conclude that turning the 1 MB into a 4, 8, 16 or whatever isn’t that bad because at least we understand the tradeoffs and there is no extra complexity involved.
As @peterktodd put it: it’s cheaper to increase the computation costs than to increase the degree of human politics.
For more hot takes, listen to the Bitcoin Takeover podcast 🔥🌶️ https://video.nostr.build/5b337cc53eb37cd2290f46545c33404bf8a3d841c970ae8de19b61dca52886b4.mov
Also who is we here? I definitely won't increase the blocksize nor will I support drivechains.
The solutions are already out there for those who give up the mental flaw of maximalism.
The moment BTC gives up its immutability will mark the end of its major value proposition that makes it distinct, and uniquely valuable from all other chains.
BTC strength is its immutability. It's the main thing that differentiates BTC from ETH, XMR, BCH, LTC.
Giving up ones main identity is always bad. If there is value in BTC and its immutability the market will make it profitable and by that secure. If not, the market will move to other established solutions the moment you give up your unique selling proposition.
Prediction: in a few years we’ll increase the Bitcoin block size.
If the reactions to pegged sidechains are so hostile and almost nobody wants to break the 21 million supply cap to pay the miners, we’ll conclude that turning the 1 MB into a 4, 8, 16 or whatever isn’t that bad because at least we understand the tradeoffs and there is no extra complexity involved.
As @peterktodd put it: it’s cheaper to increase the computation costs than to increase the degree of human politics.
For more hot takes, listen to the Bitcoin Takeover podcast 🔥🌶️ https://video.nostr.build/5b337cc53eb37cd2290f46545c33404bf8a3d841c970ae8de19b61dca52886b4.mov
Never going to happen.
Verifying your identity?
I wish people would strive more for freedom maximalism.
All tools have certain upsides and downsides.
Since Monero's supply is well known for t+a I find myself being more interested in the cypherpunk ethos of Monero these days.
None. Compared to a simple subadress in Monero, setting up a private LN node is incredible easy to fuck up.
DNM use what works, is easy to setup and relatively cheap.
Or go full Monero. Wait for the BTC:XMR ratio to recover. Then set your BTC record straight with the extortionists and live happily ever after with what you keep in XMR and/or BTC.
Why make it more complicated?
And you guys still don't see the value prop of Monero?
Just use Bitcoin as your store of value and Monero as your spending account.
Don't be lazy. One can easily live off Monero today. No need to ever go back to fiat.
If you don't know what it is and how it works. You are likely better of spending Monero instead, like 99% of non pro-technical users. Use Bitcoin as your store of value and Monero as your spending account.
That's the difference between coinjoined BTC and Monero.
Monero's privacy protects me regardless of all wrongdoings in the past, the now and the future of myself and all others.



