Bitcoin fails on all promises from the early days, sadly.
- it is not decentralized, 12 mining pools have control
= it is not usable as p2p currency
- lightning is moving most users into custodial wallets
= not your keys and not your coins
- 1mb blocks are a joke, we have 2024 and a 12tb hdd costs $120
- fully transparent with zero privacy
- mints and etf's will dilute the 21m cap
Asic resistance is one of the key arguments for Monero .
Also mining by botnets creates a truly decentralized infrastructure. Botnet miners will not bend their knee to a tyrannical government.
Apart from that it is censorship resistant, has adaptable block size and fees are low. You can use it as a p2p currency.
The longer i think about it, the more it is clear to me:
Monero is the real Bitcoin and represents everything why i went into Bitcoin in the first place.
Most people will only understand its value when the government mandates to connect your digital ID to your BTC transactions.
chucklangstrumpf / Chuck Langstrumpf
npub1yv…r00ky
2024-05-25 03:08:10
in reply to nevent1q…3nsp
Author Public Key
npub1yv54qfj70fhwkxul7zuqyztvutmegqsdjychan3fp6hsdyvmgpjspr00kyPublished at
2024-05-25 03:08:10Event JSON
{
"id": "d5909fffa18c333f923c24a58560862dae64fda9d122b1464468b912d545012b",
"pubkey": "232950265e7a6eeb1b9ff0b802096ce2f794020d91317ece290eaf06919b4065",
"created_at": 1716606490,
"kind": 1,
"tags": [
[
"e",
"e350dbabc86d9230f9ccbf8c335bef54774f2b02688b2c515a67eeb15b59068b",
"wss://relay.damus.io",
"root"
],
[
"e",
"753d203d7795e66b33fa26329889db4da61fef7d8527619761b95729fa8f627b",
"wss://relay.damus.io",
"reply"
],
[
"p",
"58ead82fa15b550094f7f5fe4804e0fe75b779dbef2e9b20511eccd69e6d08f9"
],
[
"p",
"232950265e7a6eeb1b9ff0b802096ce2f794020d91317ece290eaf06919b4065"
],
[
"p",
"61e803a16b3a8c6ce5ffea6d1dab61318a865131dc9817ed2f5d1f3da09f3e5d"
]
],
"content": "Bitcoin fails on all promises from the early days, sadly.\n\n- it is not decentralized, 12 mining pools have control\n= it is not usable as p2p currency\n- lightning is moving most users into custodial wallets\n= not your keys and not your coins\n- 1mb blocks are a joke, we have 2024 and a 12tb hdd costs $120\n- fully transparent with zero privacy\n- mints and etf's will dilute the 21m cap\n\nAsic resistance is one of the key arguments for Monero . \nAlso mining by botnets creates a truly decentralized infrastructure. Botnet miners will not bend their knee to a tyrannical government.\n\nApart from that it is censorship resistant, has adaptable block size and fees are low. You can use it as a p2p currency. \n\nThe longer i think about it, the more it is clear to me:\n\nMonero is the real Bitcoin and represents everything why i went into Bitcoin in the first place. \n\nMost people will only understand its value when the government mandates to connect your digital ID to your BTC transactions. ",
"sig": "23c715b09362dc776297f545afd21f12ec51275ce4c86da754a9367061a5ffd048452b849a56b8e0137927ad81b278c51ddd68bf36b6f00aacf93a63c08b230e"
}