Azz on Nostr: I'm 100% in Bitcoin and agree with the network effect thing, but am becoming ...
I'm 100% in Bitcoin and agree with the network effect thing, but am becoming concerned at Bitcoins lack of privacy. Monero was issuing 50 coin blocks every 2 minutes up until the beginning of last cycle, that probably explains the price crash better than lack of use. Bitcoin and crypto in general is in a price discovery phase. When it comes to adoption and spending, privacy is a 10x improvement. I anticipate Bitcoin will adopt sufficient privacy, but I'm starting to doubt.
Published at
2024-08-02 11:20:55Event JSON
{
"id": "8fea41c1886b733e82b9310ef8880d729b77edc4889ce4a31a26b32bdd0867b9",
"pubkey": "7317f913c3de739e83ab2ddc6700a8f5caf45fac5a02c6a886b55ef9b7e34d41",
"created_at": 1722597655,
"kind": 1,
"tags": [
[
"e",
"aea7fe6a88f0993b53a9e14effc3fd7918c924be419636e0aa17e211e590589a",
"",
"root"
],
[
"e",
"c1367de39e3c55a2ed60dcfdd01a9abb5b7fc8d0a0c6c5da06ea57250302f5a1"
],
[
"e",
"d80ab248f7385812a3b3f8835f2638b968b727bfc7dc294c2b6189a49f765fa1",
"",
"reply"
],
[
"p",
"ba5115c37b0f911e530ed6c487ccbd9b737da33fd4b88a9f590860378c06af62"
],
[
"p",
"846307688a09ec112967eb0544e78a9e88c48f50712c39ed491ff2b6fa019ae8"
],
[
"p",
"a37e51e9e40d9a7f65d06e0b9980cac3c06eadf84a83823010d6579b0b4fc17c"
]
],
"content": "I'm 100% in Bitcoin and agree with the network effect thing, but am becoming concerned at Bitcoins lack of privacy. Monero was issuing 50 coin blocks every 2 minutes up until the beginning of last cycle, that probably explains the price crash better than lack of use. Bitcoin and crypto in general is in a price discovery phase. When it comes to adoption and spending, privacy is a 10x improvement. I anticipate Bitcoin will adopt sufficient privacy, but I'm starting to doubt.",
"sig": "88f876aaf462fcadfc282bed75b7946177e1b72d06ca944b016a0b1d00fff01482ec07532ed090f550caca6eb1d642d8473cc5813a75c8db4e4b60450e7519d5"
}
