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0 sats \ 9 replies \ @justin_shocknet 26 Apr \ parent \ on: What is the shittiest shitcoin? AskSN
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If you have a more substantive critique of XMR I'd be interested in reading it.
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Prove a negative?
They say its more private and you're just like ok?
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I've come to believe that you have some good insights sometimes. If this is one of those times, I'm asking for them. But what you've given me so far isn't anything I can use.
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They say its more private, it's not, nor is it Bitcoin. It's therefore by every manner of deduction a shitcoin, and it's arguably the shittiest because it implicitly lies about Bitcoin.
That's as direct reasoning as it gets, if that's inadequate that's a problem of that I can't reason you out of a position you didn't reason yourself into.
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This is how you can make a shitcoiner to reveal himself: they want to debate bitcoin vs x shitcoin. Always.. endless debates that end to nothing.
That's why bitcoiners NEVER debate with shitcoiners. Debating is bargaining with shit. Is pointless and useless.
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They say its more private, it's not.
This is the heart of it. You're correct in that I have personally audited neither the Monero codebase nor the CryptoNote paper. You keep making categorical statements that imply either that a) you have, or b) there is some damning technical critique of it that I am unaware of, and that settles the matter. Is there?
and it's arguably the shittiest because it implicitly lies about Bitcoin.
The lie being that Bitcoin is insufficiently private?
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It's anon-set alone tells you that, if it were useful for evading chainalysis then transnational criminal organizations that are being surveiled would be using it at scale and it wouldn't be insignificant in market cap... its worth less than jpegs is not a coincidence, they're equally useful.
@super_testnet had some amusing takedowns on twitter too that actually relate to the other side of this, but seems to have nuked his account... I don't think it even mentioned size, but correlation on a low user count chain is fairly trivial compared to the combination of Bitcoin's anon-set and Lightning's blind nature.
The lie being that Bitcoin is insufficiently private?
Sufficient is a weasel word, a moving goal post to keep the next-shitcoinism going on forever... Hipsters and malcontents will always be.
What matters is that Bitcoin is MORE private than Monero, and that swapping in and out of Lightning will always be a better tumbler than in and out of an irrelevant illiquid shitcoin.