anybody who isn't fervently Catholic about the heresy of moving value on other chains is already excommunicated by you numbskulls

it doesn't matter how reasoned or nuanced

wow

congratulations on the most blasé and devoid of meaning response possible to a nuanced critique

you will when the taxman comes

nostr:nevent1qqsp25e9aztf2d2qqampuyaf53xxjrufs0g9vc6lxs8g5pn27s4h7nspr3mhxue69uhkummnw3ezucnfw33k76twv4ezuum0vd5kzmqzyp8t3qcs666wm9wx6e4rjkea8n64nwzl4my0w6ga4l2qt2fwq4wk6qcyqqqqqqgf6qzmw

counterpoint

you ALREADY trust cryptography to ensure you have the only spend key to a utxo

(assuming you haven't personally audited the code here)

why are you racist against another cryptographic primitive that guarantees the amount

but without revealing it?

sure

whatever.

nodes don't care.

its still not fungible in real life.

de facto nonfungible.

so let's all go ahead

get over the fact

and move on

bitcoin does NOT have all the properties of money

it's probably never going to have strong privacy

and its a big fucking problem

I have been looking into the Alby Hub thing...

But yeah, so far LN has definitely not been a legitimate privacy tool. Maybe the UX improving with sovereign nodes will change that.

or maybe ecash will.

but they haven't yet and every year the maxis are crowing about *something* that will do the job.

but there's just nothing so far except noise.

monero remains undefeated.

anyone with a block explorer and enough knowledge to follow the money.

they are going to map the entire utxo set using existing KYC/AML info and assign confidence scores to all of it

large institutions will pay CA to help them avoid tainted, risky utxos.

If LN is private it's only because nobody is looking (yet).

and its only sender privacy, we know receive privacy is nonexistent.

But you're really just giving up custody arent you??? Just recreate the fiat system online and trust the bank right? 😩

The XMR/USD chart is clearly trending upward. Its gaining value fine.

Personally bought in below $60 so pretty happy. Sure my BTC stack is up a more than 300% right now

but not so much more that I'm upset.

After all,

not greedy.

And the XMR/BTC chart is clearly holding fine.

That it used to be higher,

when a bunch of degens gambled on shitcoins in 2017,

means exactly fuckall.

This is a FIAT chart that mostly measures relative USD speculation.

I have been in both these coins for a long fucking time at this point

and I use monero over BTC because its better fucking money.

cope.

there's a meme for this.

but basically,

CJs are expensive,

utxos management is hard,

you need to be organized so you dont compromise whatever privacy you gain,

and

as of today,

without Whirlpool there are NO good CJ implementations active,

so it's not really an option anyway

So you could figure out a kludgey and expensive workaround,

study up on the CJ implementation so you really understand what kind of entropy you are gaining

and what foot guns are possible

etc

or you could

you know,

just use monero.

da fuck? all my utxos have cj history homie.

difference is,

my xmr doesn't need it.

Monero has all the properties of money.

Bitcoin does not.

cope.

Its not as interesting as mempool.space

since you can't see sender,receiver and amount.

You don't know what you're talking about and should be embarrassed.

for starters, 6 years ago monero was using a *different* hash algorithm and comparing it to the current hashrate is useless.

and if you had bothered to actually LOOK, you'd see the rate now is about 8x that number (not that its relevant).

The relevant number is when monero switched to randomx in Nov 2019 (less than 5 years ago). Since then the number has more than doubled.

Also,the buying power of monero has been extremely stable for 3-4 years. It is not particularly impressive that speculators and venture capital have pumped the BTC price more. Degens gonna degen.

highly regarded take

for one, the pegout is only required to swap back into BTC

and there isn't any of that necessity with monero

also

"a federation of 10-12 people is JUST like a worldwide distributed mining network" is extremely stupid

Monero doesn't require the federations permission to peg out.

cant zap you...?

Monero people are generally very straightforward about the tradeoffs.

The only reasonable criticism there is, is one you said, there just isn't that much energy securing XMR.

Tradeoffs.

That doesn't make it "centralized" however. That's just your random fud.

Monero is not centralized and it's a perfectly reasonable alternative to BTC and *certainly* better than the current state of LN .

You can do it in standard notes 😎

I uninstalled Amethyst to use it.

I'm frequently using gossip on desktop anyway.

Its a fun thing to be able to do. So far not having OMG game changing vibes tho.