27 sats \ 2 replies \ @cozy OP 5 Feb 2022
It's getting better, particularly with stuff like the lightning network, which isn't mentioned. Honestly addressing this sort of criticism is crucial to the future of Bitcoin.
Also, just to clarify, I don't own, plan to own, or support the coin shilled in the article.
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2 sats \ 1 reply \ @thrown 5 Feb 2022
The craziest part about the article not mentioning Lightning is that Monero will also need its own layer 2.
A monero advocate cannot seriously critique "privacy on layer 2" as causing unnecessary complexity when they will also have this added complexity.
I do support Monero, but I just wish these articles critiqued the full story (for example privacy on Lightning should be better).
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13 sats \ 0 replies \ @ugmug 7 Feb 2022
LN throws off a lot of criticisms against Bitcoin, which is why you rarely see it mentioned.
I've been trying for a while to understand the Monero fan's idea of where they think that coin is going in the future. As a store of value, it fails against BTC. If it (somehow) were to get mass adoption and was accepted as a medium of exchange, it would fail in regards to decentralization since they have a dYnAmIc block size and running a node would eventually become impossible for the average user (without pruning). Then there are the hardforks, which is laughable centralization.
I feel like the extreme privacy advocates that push Monero on their readers are just one step away from being absolute Bitcoiners, I just don't know what that step looks like.
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