Lol, I bought into the world computer, unstoppable code narrative. I sold all my eth and shitcoins (which were mostly erc20 tokens) in 2019.
I was a photo journalist, focusing on human rights, I’m mostly interested in the privacy and resilience of the ₿ protocol. Currently homesteading in a city state, sort of.
110 sats \ 1 reply \ @om 30 Aug 2022
What about Liquid tokens, upcoming Liquid AMMs, RSK smart contracts? Yay or nay?
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20 sats \ 0 replies \ @manbytescamera OP 30 Aug 2022
Tertiary layers are interesting, but I’m not sure which one will win. So many interesting tangents to follow in Bitcoin. I’m more attracted to the satellite project Blockstream is working on. Censorship resistance > Tokens imho
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20 sats \ 3 replies \ @k00b 30 Aug 2022
What made you switch?
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253 sats \ 2 replies \ @manbytescamera OP 30 Aug 2022
A lot of different things. Spent a lot of time reading and listening to both eth and bitcoin content. Trace Mayer and his network effects made sense, the Bitcoin Standard and seeing all the Bitcoin only services/content/hardware. Also broken promises of Eth and understanding the immaculate conception of Bitcoin.
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17 sats \ 1 reply \ @k00b 30 Aug 2022
Which specific broken promises of eth? Why do you think you believed eth's promises to begin with?
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120 sats \ 0 replies \ @manbytescamera OP 30 Aug 2022
Unstoppable code was disproven when they forked after the DAO, and World Computer seemed to be a bit far fetched when I understood what a blockchain is good at.
I bought into the hype, I want to believe we can make the world a better place, similar with why I got into Bitcoin. Back then, there wasn’t as much Bitcoin signal, it was an altcoin world. Also, I remember all traders denominated in btc, that also had a large impact on how i viewed btc vs. altcoins.
In the end it was a matter of simplicity, there was enough to learn about in the Bitcoin ecosystem without needing to learn about 100s of other coins.
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10 sats \ 21 replies \ @moneroshill 30 Aug 2022
You should check out monero, it's like bitcoin except it actually works
https://www.monero.how/why-monero-vs-bitcoin
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230 sats \ 0 replies \ @manbytescamera OP 30 Aug 2022
I had monero too. I sold it for btc when monero was worth more. I prefer to learn about coin joining. Never really looked more into monero since, if I really need it I can swap in and out but I’d never store my wealth in it, especially if they stilll hard fork every six months.
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110 sats \ 10 replies \ @om 30 Aug 2022
LN or it won't scale
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10 sats \ 9 replies \ @moneroshill 30 Aug 2022
Monero already scales. It could also support payment channels, we just don't do that because LN is retarded and terrible for privacy.
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261 sats \ 8 replies \ @om 30 Aug 2022
Ah, the BCH school of scaling: be a chain that few people use, set unlimited block size, and call it scaling.
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100 sats \ 3 replies \ @faithandcredit 30 Aug 2022
Unlimited blocksize and unlimited issuance
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0 sats \ 2 replies \ @moneroshill 30 Aug 2022
the monero blocksize is not unlimited.
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0 sats \ 1 reply \ @faithandcredit 30 Aug 2022
Yes it is
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0 sats \ 0 replies \ @moneroshill 30 Aug 2022
https://web.getmonero.org/2017/12/11/A-note-on-fees.html
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0 sats \ 3 replies \ @moneroshill 30 Aug 2022
The monero blocksize is adjustable but not unlimited.
https://web.getmonero.org/2017/12/11/A-note-on-fees.html
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0 sats \ 0 replies \ @om 31 Aug 2022
Neither is BCH's block size technically unlimited. What I mean is that it's way bigger than needed to accomodate the current users. If you get more users, the chain will blow up in size.
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0 sats \ 1 reply \ @faithandcredit 30 Aug 2022
it can adjust an unlimited amount of times. And if you are trying to help XMR you should probably be more honest
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0 sats \ 0 replies \ @moneroshill 30 Aug 2022
A single party can't adjust it without a massive wealth transfer to the rest of the network for the duration of the attack.
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10 sats \ 7 replies \ @shyfire 30 Aug 2022
What part of Bitcoin doesn't actually work?
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0 sats \ 6 replies \ @moneroshill 30 Aug 2022
- fees (insufficient block size even with LN)
- fungibility (inept privacy measures leading to tainted coins)
- decentralization (mining controlled by ASIC farms, corporate capture of development team, LN channels dominated by corporate liquidity)
- security (not enough incentive to prevent selfish mining attacks as block reward gets slashed, bloated scripting system, bad opsec practices)
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10 sats \ 5 replies \ @F 31 Aug 2022
Can't believe you are still here shilling monero,
-you can send $10,000,000 worth of bitcoin for $2.50 in fees. Immutable.
-tainted coins isn't a thing. all bitcoins are public and visible on the blockchain.. feature, not a bug.
-bitcoin is the largest decentralized network in existence. anyone can run a full or pruned node, anyone with $3000 can buy an antminer and mine bitcoin.
-bitcoin is the most secure financial network in existence, protected by decentralized computers around the world in nearly every country 24/7.
Get outta here with your same innately dumb reasons to use monero.
Pros to monero: You can use it on the darkweb to buy illegal things.
That's it. Just be honest and say that, that's literally it.
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30 sats \ 4 replies \ @moneroshill 31 Aug 2022
Look, it's in the name. I don't know what you expect of me.
For now. I know for certain that bitcoin (in its current form) won't scale to a global network. Even the (non-shill) bitcoin developers like paul sztorc will tell you that.
This is a poisonous idea I hear a lot here. Coins are tainted, not because you won't accept them but because OTHERS won't accept them. Fungibility is about herd immunity. You make a market for untainted "peach" and tainted "lemon" coins: https://en.wikipedia.org/wiki/The_Market_for_Lemons . If the government were to track down your outputs, then release a statement that they will fine and punish any buisness or exchange that accepts those outputs NO ONE is going to want to buy those outputs from you. We've seen this with tornado cash. The US Government is eventually going to shut down every mixing service, including coinjoin: https://sethforprivacy.com/posts/fungibility-graveyard/
zk-STARKs or ring signatures are not a centralized service, so they will not get taken down.
WOw anyone with ONLY THREE THOUSAND DOLLARS can buy a miner made by a SINGLE MONOPOLY?? Gee, sure sounds decentralized. Remind me again, why was it that you bitcoiners didn't do the XT fork or SegWit2X fork? something about the cost of storage and its effects on decentralization? What costs more, a TB of hard disk space or an antminer?
Bitcoin is the first cryptocurrency in existence, i'll give you that. Bitcoin WAS the most secure financial network in existence, in 2017.
But soon it is going to be as centralized and bloated as Proof-of-Stake etherium unless bitcoiners do something about it. No one can mine without getting raped by antminer, no one can open payment channels without getting raped by fees, no one can close payment channels without getting raped by fees, no one buy bitcoin without getting raped by KYC, no one can run a lightning node or mixing service without getting raped by the government, no one can improve bitcoin core without getting raped by blockstream, and no one can talk about bitcoin (outside of here) without getting raped by forum moderators.
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160 sats \ 1 reply \ @F 31 Aug 2022
I don't care if other people don't accept so-called "tainted" coins, Any totalitarian government can completely ban bitcoin and not accept any bitcoins - that doesn't make it non-fungible. If I give you 1 bitcoin, and you give me 1 bitcoin, we both still have 1 bitcoin, according to the code. That's all bitcoin is - code. The code doesn't recognize "tainted coins" - Bitcoin, the protocol, is fungible.
If I gave you a gold coin today from a pirate treasure from 500 years ago, would you care if that coin was stolen by the pirates? No, you wouldn't. Maybe 500 years ago it was a "tainted" coin but today, that coin is worth a pretty penny, because gold is also quite fungible.
Also, $3000 for an antminer might be expensive to most, but with that one is able to mine bitcoin efficiently and have a higher chance of finding a block / getting a reward from a mining pool. You can mine bitcoin with a pencil and paper if you want - that is true decentralization. Anyone can mine bitcoin, with an old usb miner, or with a warehouse filled with 10,000 antminers - and everything inbetween. Bitcoin wasn't created to fix wealth inequality.
Why are you here to shill monero? I don't go to monero forums to shill bitcoin. In fact, I don't think I need to shill bitcoin at all - it shills itself. If monero will be as successful as you seem to believe it will be, you shouldn't have to shill it - you should be working and buying as much of it as you can and saving it all for yourself. So why aren't you doing that?
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0 sats \ 0 replies \ @moneroshill 31 Aug 2022
https://media.tenor.com/images/bc2e75fcbaf090aacef8c5a90b687599/tenor.gif
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10 sats \ 1 reply \ @1v6cm95h 31 Aug 2022
i remember when Monero come out , was fork of byte coin or something.
Sound project. Going to zero slowly but surely.
In its lifespan it proof to be nothing more but refuge for all people that sold their bitcoin and now they'r sour. Jeff Berwick, Chris de Rose ,come to mind, but in general all people that cannot understand what PoW is
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0 sats \ 0 replies \ @moneroshill 31 Aug 2022
Monero has only been good since 2018/2019 with bulletproofs and randomx
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0 sats \ 0 replies \ @falsefaucet 31 Aug 2022
handle checks out.
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