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0 sats \ 2 replies \ @llamabyte OP 31 Jul 2023 \ parent \ on: Foundational Narratives: Collapse of the Bitcoin Empire, A Polemic. bitcoin
Anything ARK can do, DC can implement. That's why.
- https://www.arkpill.me/faq
Custodial. A.K.A trust me bro
An improvement on lightning, by virtue of not needing liquidity to set up a channel. ARK is in early early development, meanwhile Monero is Live, now in a hostile environment making it stronger, private and non-custodial every day. We could have everything in monero, on bitcoin, without all the overhead needed to invest time in ARK and keep it running once it's live. Coming online every so often.
Bitcoiners keep reinventing the wheel.
Nobody uses Monero, not even most criminals who require its privacy. Consider that over 90% of all darkweb marketplace volume is in BTC. Most ransomware ransoms are bitcoin. BTC is used as a leg in most crypto laundering schemes, and in most Monero swaps when an XMR holder needs to acquire fiat. BTC's various privacy tools are plenty good—for those that actually use them. Also, anonymity doesn't mean anything when you order from Amazon or Pizza Hut and have to provide a shipping address. It's meaningless when you pay car insurance, a utility, or medical bill.
Blockchain forensics grossly overestimate their abilities to "deanonymize" transactions so they can sell their forensic vaporware to governments. And if a person doesn't ultimately use a CEX, there's nothing to be done without expending enormous resources for discovery and a conviction. And as the protocol acquires more and more global users, the data set spikes, and the price and difficuty of the unmasking becomes almost unmanageable, unless you're hunting Bin Laden or El Chapo.
With the layered bitcoin network, the many DEXs servicing both layers, coinjoins, submarine swaps, etc, bitcoin doesn't need a cumbersome Drivechain fork for privacy.
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BTC's various privacy tools are plenty good—for those that actually use them.
They all require trusting in and giving your money to a third party. The succesful use of these is far more skill intensive and prone to error than base layer monero transaction.
cumbersome Drivechain fork for privacy.
Calling DC cumbersome and not coinjoins, submarine swaps, and lightning is silly
Lightning is abosolute shit. Stacker new is the best implementation i have seen, and that's only because it works with Tor, which many browser and wallets do not work with by default.
The need for initial liquidity to use lightning is an absolute dead end.
Once again your language and outlook are Authoritarian Empire. You and other maxi's get to decide what everyone must want, Vanilla icecream. This alone side steps the basic Austrian principals that Bitcoin has always been about. DC allows for market choice, for people who want other things. Are you even capable of acknowledging that people can have very good, logical and sound reasons for these other things.
As far as your other claims about market and ransomware, would love to see some data and lists. All i've seen are monero only for both.
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