2 sats \ 1 reply \ @thrown 5 Feb 2022 \ parent \ on: Bitcoin's Fungibility Graveyard bitcoin
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).
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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