111 sats \ 38 replies \ @Darthcoin_Cash 27 Mar \ on: KYC'd Bitcoin is Worthless bitcoin
True, Bitcoin in its current form can be used to create the most horrible surveillance nightmare on the planet. Monero fixes this (as bitcoiners sadly wont).
scammer, shitcoiner
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lol man, how old are you?
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😂 Pray for this guy 🙏 Such an illness can cause permanent damage
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so, you think your gov can not take your kyc'ed coins?
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I was trying to point to your monero statement ...
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so monero does not fix this?
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how can it fix anything with MC less than PEPE and dogwifhat, not to mention such blue chips as SHIB?
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how is this related?
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Market tells you LOUDLY that it wants private ways to move Bitcoin rather than another altcoin.
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How do you figure that? Where is the Bitcoin layer everyone uses for privacy? All the general crypto market is saying is it wants NGU. Completely unrelated to private transactions.
That only relevant markets that we can say have a dire need of privacy and anonymity are Darknet Markets and Bitcoin is being phased out there in favor of Monero.
stackers have outlawed this. turn on wild west mode in your /settings to see outlawed content.
I am not sure what monero fixes since I am not an expert of private coins. I also do not know how to verify these coin's privacy approach. By the way if we are already discussing this, could you tell me how can be verified the supply of Monero if the balance of addresses are unknown ? To continue, have you checked the performance of monero compared to btc ? I believe monero is rather a tool than a currency. Again you may know much more about this topic however this is how I see it. Feel free to correct me.
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Coins are briefly visible as they are mined so you can count them manually as they enter supply. You can also run a Monero node and have it audit circulating supply for you. No different from how every Bitcoiner verifies in practice
I just see Bitcoin as another tool as well. It does some things better than Monero and some things worse. And to be honest Bitcoin and Monero are both just mediums of exchange at the moment. Neither really meets all the criteria for a money.
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to be honest, i just wrote monero fixes this to trigger some low iq coiners here. Its my way of pointing out that bitcoin has a huuuuuge problem as we create our own fully transparent database of transactions, ready to be exploited by governments around the world.
The total supply of Monero can be audited like this:
The Monero blockchain is still publicly auditable. While individual transactions are private, the total supply can be verified by auditing the entire blockchain. By analyzing all transactions, it's possible to ensure that no XMR has been created out of thin air or lost due to double spending.
Monero's consensus mechanism, based on proof-of-work, ensures that all transactions are valid and that the total supply adheres to the protocol rules. Miners validate transactions and ensure that no new coins are created beyond the predetermined emission schedule.
Monero has a transparent emission schedule, meaning the rate at which new coins are created is known. By tracking the block rewards over time, it's possible to verify that the emission matches the expected schedule.
But i dont want to get into a Monero vs. Bitcoin discussion, i just wanted to support the argument of the threads autor that we have still a tremendous problem with a completely transparent blockchain and we might dig our own grave currently.
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I see, if that's the case then don't worry about it. Because you can use bitcoin privately. It only depends on you how to use it. There is no problem government see all transactions and account balances. Just because they see doesn't me that they know who really owns those coins.
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stackers have outlawed this. turn on wild west mode in your /settings to see outlawed content.
If you buy your Monero on Kraken, then you'll encounter the same issue.
Monero guys need to chill the fuck out when it comes to bitcoin, just be happy bitcoin gives you liquidity.
A Monero spender
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That shouldn't be considered brave. You should be able to have honest discussions that include other coins.
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stackers have outlawed this. turn on wild west mode in your /settings to see outlawed content.
stackers have outlawed this. turn on wild west mode in your /settings to see outlawed content.