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31 sats \ 8 replies \ @thrown 18 Nov 2022 \ on: Is Monero Better Than Bitcoin? | Trader University 📺 bitcoin
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.
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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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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Impressive deflection. Very nice.
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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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I specifically addressed your first point.
For something to be used as cash, the receiving part needs to want to hodl it.
People do hold Monero. I didn’t think I needed to say that haha.
Bitcoin is layered money. Trying to achieve everything on the base layer is sure way to get nothing.
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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People do hold Monero.
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.
Let me know when your parents can use bitcoin without permanently doxxing themselve
They can do it right now. Friends don't let friends comply with KYC.
Fungibility is so basic, I would hardly consider it asking for “everything”.
The most basic things are the hardest to get right.
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The ones that hodl it now like you
I never said I hold monero lol.
They can do it right now
Your parents are using payjoins and mixers? 😂 How?
The most basic things are the hardest to get right.
I agree. And my point is that bitcoin did not get fungibility right. Which satoshi also recognized almost immediately
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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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