There's nothing "over the top" about Moneros tech. It's based on cryptography from 70s-90s (Diffie–Hellman key exchanges and commitment schemes)
The venn diagram of "mathematicians and privacy advocates" AKA cryptographers
There's at least tens of millions of Bitcoin users. ~20,000-50,000 Bitcoin nodes. A fraction of that previous fraction are more than simpler node runners who actually pay attention to whats going on. Vast majority is obviously not capable and/or interested in understanding/verifying for themselves even with Bitcoins "simple" math.
Ability to fork is the whole point of FOSS. You can't control what software individuals choose to run. That includes Bitcoin software.
As normie Bitcoiners continue to dilute ideological Bitcoiners theres no guarantee the economic majority will stay on BTC in the future. It's easy to imagine governments having a "regulatory friendly" fork using carrots and sticks (i.e. tax breaks, credits, heavy taxation or even criminalization of BTC use, etc) to incentivize normies into taking their NGU and hashpower with them to that fork. Without that what is left of BTC? Bitcoins advantages dont extend into permissioned white markets where most of BTC price, transactions, and liquidity comes from today (CEXs, ETFs, corpo mining, etc)
SaberhagenTheNameless / Saberhagen The Nameless
npub14a…yz6rn
2024-07-29 13:26:58
in reply to nevent1q…e3gm
Author Public Key
npub14a6q6xvt4wuv0wpdpfr336e4fweldtu6np3ehpw55h83xuw2h2zsgyz6rnPublished at
2024-07-29 13:26:58Event JSON
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"content": "There's nothing \"over the top\" about Moneros tech. It's based on cryptography from 70s-90s (Diffie–Hellman key exchanges and commitment schemes)\n\nThe venn diagram of \"mathematicians and privacy advocates\" AKA cryptographers\n\nThere's at least tens of millions of Bitcoin users. ~20,000-50,000 Bitcoin nodes. A fraction of that previous fraction are more than simpler node runners who actually pay attention to whats going on. Vast majority is obviously not capable and/or interested in understanding/verifying for themselves even with Bitcoins \"simple\" math.\n\nAbility to fork is the whole point of FOSS. You can't control what software individuals choose to run. That includes Bitcoin software.\n\nAs normie Bitcoiners continue to dilute ideological Bitcoiners theres no guarantee the economic majority will stay on BTC in the future. It's easy to imagine governments having a \"regulatory friendly\" fork using carrots and sticks (i.e. tax breaks, credits, heavy taxation or even criminalization of BTC use, etc) to incentivize normies into taking their NGU and hashpower with them to that fork. Without that what is left of BTC? Bitcoins advantages dont extend into permissioned white markets where most of BTC price, transactions, and liquidity comes from today (CEXs, ETFs, corpo mining, etc)",
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