31 sats \ 8 replies \ @thrown 18 Nov 2022
Monero is better than bitcoin because it is usable as cash.
I feel like my bitcoin is essentially frozen until a privacy best practice becomes well known enough that wallets adopt it by default. Until then it’s just kinda sitting there.
I really wish Bitcoin the best and see the qualities, but I hope monero continues to light a fire under the privacy development.
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48 sats \ 7 replies \ @sommerfeld 18 Nov 2022
For something to be used as cash, the receiving part needs to want to hodl it.
Why would someone hodl monero when you cannot even verify its supply, when it can have an enormous inflation bug?
Also why would someone want to receive and hodl a centrally controlled coin that hardforks every 6 months?
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48 sats \ 0 replies \ @0260378aef 18 Nov 2022
It also scales worse, in that old state can never be forgotten (spentness- of txos is by definition always unknown). It might not matter today but it very well could in a high volume future.
But I'm not sure if that might be solvable with the right tech.
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25 sats \ 5 replies \ @thrown 18 Nov 2022
Impressive deflection. Very nice.
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30 sats \ 4 replies \ @sommerfeld 18 Nov 2022
What deflection? I specifically addressed your first point.
Bitcoin is layered money. Trying to achieve everything on the base layer is sure way to get nothing.
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25 sats \ 3 replies \ @thrown 18 Nov 2022
People do hold Monero. I didn’t think I needed to say that haha.
Let me know when your parents can use bitcoin without permanently doxxing themselves (and doxxing whoever they send to).
Fungibility is so basic, I would hardly consider it asking for “everything”.
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25 sats \ 2 replies \ @sommerfeld 18 Nov 2022
I honestly doubt that most monero users really hold monero and don't just dump it for bitcoin asap.
The ones that hodl it now like you will eventually dump it whenever the "project" splits, is state captured or hacked.
They can do it right now. Friends don't let friends comply with KYC.
The most basic things are the hardest to get right.
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25 sats \ 1 reply \ @thrown 19 Nov 2022
I never said I hold monero lol.
Your parents are using payjoins and mixers? 😂 How?
I agree. And my point is that bitcoin did not get fungibility right. Which satoshi also recognized almost immediately
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25 sats \ 0 replies \ @sommerfeld 19 Nov 2022
You won't get doxxed using bitcoin if you never kyc and always pay with your private lightning node.
That setup is still not fungible due to tainted utxos, but it won't doxx you directly, it just might make you a target for the FBI or exchanges might turn you down.
Privacy is not exactly the same as fungibility although there is some overlap.
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48 sats \ 0 replies \ @btcx 18 Nov 2022
Ofc it's the only fungible crypto.
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25 sats \ 1 reply \ @jp 18 Nov 2022
Which reminds me - what ever happened to @moneroshill?
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0 sats \ 0 replies \ @cryptocoin OP 18 Nov 2022
Rage quit. Didn't like how posts and comments could get censored once "OUTLAWED" (for an SN user that has not set their account to Wild West Mode).
Monero Giveaway thread
#73474
Though I suspect they never leave, ... and just come back on with a different account. Who knows, who cares. Bye, Felicia.
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25 sats \ 0 replies \ @cokyjgz 18 Nov 2022
Thank you for sharing this information
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