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0 sats \ 4 replies \ @guts 18 Feb \ parent \ on: Super Testnet on Lightning vs Monero Privacy (Bitcoin Takeover Podcast S16 E6) bitcoin
I will hold the original philosophy of Satoshi and will keep degen BTC.
Where do you think Satoshi would land today?
I don't even think he understood the scale of the problems we face today.
I'm currently in the middle of reading "The Book of Satoshi", and I recently finished "Hijacking Bitcoin", so I'm very in touch with your sentiment. If Bitcoin is not threatening fiat currency, then it is not what Satoshi hoped for. I'm with you.
However, there are a lot of small details that still make BTC better overall than any alternatives. I am hopeful that there will be a few more large PR's merged before ossification really settles in. If it becomes clear that BTC has already fully ossified, I might start thinking like you. But the BCH dudes were stupidly early to give up.... XMR people are too. You all think too small. This is bigger than one lifetime. There are certain technical details that we should not forsake just so we can have bETteR PriVacY.
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You all think too small
Monero is literally undergoing the biggest upgrade in all of the history of cryptocurrency. Do you still not grasp what FCMPs++ are capable of? It's literally a game changer for all of the space and for the future of humanity, I'll give a TLDR:
- Decoys stop existing. Monero is no longer "like a coinjoin"
- "ZCash style privacy" is also a term that stops existing. Often people in the crypto space says something has "zcash style privacy" to say "perfect privacy", Monero will have superior assurances and make zcash and its technology, and all other "privacy coins" irrelevant
- By killing decoys, Monero's weakest link gets eliminated, it kills all possible chainanalysis
- CARROT addresses to support a wide range of use cases like PoS validating, administration tiers
- Forward secrecy, for some quantum resistance
- TX Chaining, enables payment channel network designs (like Lightning)
This is not "just better privacy", it adds better usability, layers on top of it for payment processing, etc.
This the exact reason why Monero is the only thing bitcoiners fear... because it thinks too big, and it actually delivers, without a pre-mine or a foundation behind like other cryptos, it's purely a community effort to perfect the protocol design
Even @supertestnet has said that when this is live, bitcoin and LN will not be able to compete... Monero will have zero weaknesses and the only steps needed forward will be achieving full quantum resistance
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This the exact reason why Monero is the only thing bitcoiners fear...
Bitcoiners are fearless. But only the real ones, not the pretendooors
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Well you were not scared when Monero took over the dark web, let's see when it starts absorbing the clearnet and local markets as well...
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