10 sats \ 1 reply \ @RedRadish688 OP 20 Jun \ parent \ on: What are your thoughts on Bitcoin losing the Darknet bitcoin
Maybe not, but I can't think of any modern example where it isn't nor have any reason to believe that will change. And I definitely can't think of any white markets that don't place any restrictions on transactions that occur there.
So let's look at the most famous example of El Salvador. People there use bitcoin for different things. Yes, there is the official Chivo wallet by the government, which requires KYC but people are free to use any wallet they prefer (including self custodial / non kyc) and pay with lightning.
What kind of market is that in your interpretation, white or black? And which kind of restrictions is the government placing on its citizens regarding bitcoin transactions?
I assure you this is NOT a prevalent idea in the Monero community 😂
I am tempted to start a poll in a Monero community and find out 😂 Does the community have something similar to stacker news? And to be clear, my intention is not to find reasons to attack the coin, I think it is doing more respectable things than most shitcoins. I am curious to see where it can go from where it is now and if it has any potential to expand in the long term.
Ok, none of what you said changes the fact that Monero IS more nimble at adapting than Bitcoin...
It is more nimble at making changes on the base layer by being more open to hard forks. Which I consider a bad idea for reasons mentioned. Is it more nimble as a whole, including higher layers, like lightning? I don't know, that is hard to quantify.
How about you, are you comfortable in storing a large percentage of your wealth in monero? Are you ever worried about any of the updates going wrong?
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20 sats \ 0 replies \ @yo2xncv0 21 Jun
Citizens making transactions on white markets in El Salvador still fall under a government that permisses their transactions whatever those restrictions/regulations, few or many, may be. A quick search already shows they have sales taxes on transactions "you only have permission to transact with others if you pay us money"
Yea do that I would be interested in the answers as well. Largest community is probably the subreddit or the matrix group, maybe telegram or simplex too: https://www.reddit.com/r/Monero/
I would guess a small percentage are okay with custodial options like ecash (I'm okay with it if not advertised as a solution for scaling - I'm a minority in this I believe)
I would also guess that an even smaller percentage (possibly none) consider "custodial solutions" as a "form of scaling". Like I said I am NOT in this camp - I don't think custodians scale anything aside from IOUs. It is just dodging the central point of Bitcoin. It doesn't carry the core properties of self-custody and/or permissionless transactions, so it isn't Bitcoin, and there is no unilateral exit back to the original asset.
The only thing that falls under a category of scaling available right now that I can think of is sovereign Lightning (running your own node). Maybe Drivechains or ZKrollups if that ever happens in the future? idk
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