Wow, in an extremely rare case of an inflation bug you lost a few bucks in your wallet while gaining superior privacy, faster and cheaper txs. While your real saving is in Bitcoin... Big deal. The risk/reward for losing a few bucks it nothing.
No Bitcoin can't be private. It's a public ledger. Any form of coinjoin is obfuscation not privacy, all data is still completely available to save and parse in the future with new data and techniques. And anything built on L2 loses security garuntees of on chain plus othe trade offs.
You don't seem to understand Monero. The "mixing" part is only one part of it's tech for the sender. It completely hides amounts using ZK proofs (pedersen commitments) and recievers not available on the blockchain at all.
"One of these 16 signers sent $[?] to [?]"
A crypto millionaire was just recently chopped into pieces and you're telling me $5 wrench attacks are rare. It happens often enough:
https://github.com/jlopp/physical-bitcoin-attacks/blob/master/README.md
The "can't be audited" FUD is stupid. You know why? Because exactly 100% of bitcoiners run a node and call it a day. Exactly like Monero. No Bitcoiner is taking advantage of it's transparency/simple math and scrutinizing the whole blockchain to make sure everything is correct.
AND an exploited inflation bug would be catastrophic if it happened to either Bitcoin or Monero. Once it happens it is too late. You can't undo it without hurting users in either case.
https://www.youtube.com/watch?v=meDkx6gRPMg&t=497s
SaberhagenTheNameless / Saberhagen The Nameless
npub14a…yz6rn
2023-08-02 23:43:16
in reply to nevent1q…nwrn
Author Public Key
npub14a6q6xvt4wuv0wpdpfr336e4fweldtu6np3ehpw55h83xuw2h2zsgyz6rnPublished at
2023-08-02 23:43:16Event JSON
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"content": "Wow, in an extremely rare case of an inflation bug you lost a few bucks in your wallet while gaining superior privacy, faster and cheaper txs. While your real saving is in Bitcoin... Big deal. The risk/reward for losing a few bucks it nothing.\n\nNo Bitcoin can't be private. It's a public ledger. Any form of coinjoin is obfuscation not privacy, all data is still completely available to save and parse in the future with new data and techniques. And anything built on L2 loses security garuntees of on chain plus othe trade offs.\n\nYou don't seem to understand Monero. The \"mixing\" part is only one part of it's tech for the sender. It completely hides amounts using ZK proofs (pedersen commitments) and recievers not available on the blockchain at all.\n\n\"One of these 16 signers sent $[?] to [?]\"\n\nA crypto millionaire was just recently chopped into pieces and you're telling me $5 wrench attacks are rare. It happens often enough:\nhttps://github.com/jlopp/physical-bitcoin-attacks/blob/master/README.md\n\nThe \"can't be audited\" FUD is stupid. You know why? Because exactly 100% of bitcoiners run a node and call it a day. Exactly like Monero. No Bitcoiner is taking advantage of it's transparency/simple math and scrutinizing the whole blockchain to make sure everything is correct.\n\nAND an exploited inflation bug would be catastrophic if it happened to either Bitcoin or Monero. Once it happens it is too late. You can't undo it without hurting users in either case.\nhttps://www.youtube.com/watch?v=meDkx6gRPMg\u0026t=497s",
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