30 sats \ 4 replies \ @moneroshill 31 Aug 2022 \ parent \ on: AMA I was an Ethereum/multicoiner maxi now a ₿itcoin maxi bitcoin
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.
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?
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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Monero has only been good since 2018/2019 with bulletproofs and randomx
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