Bitcoin supply is not stable. It is constantly dwindling because of lost or burned coins. 21 million is theory not reality. Bad for price discovery and stability.
Range proofs assure this inflation bug is not the case. Bitcoiners love espousing transparency, but never take advantage of it by manually verifying. They just trust a node to correctly audit, exactly as monero.
Building on a second layer is already a compromise. You give up final settlement. You create centralized nodes. And now you have most lightning users giving up custody to use it. Shame.
XMR Future
npub1pc…hv373
2023-04-06 12:17:47
in reply to nevent1q…elvw
Author Public Key
npub1pcf3fu5upfjwcdnevuw9nk467e24jnsu56aasufrvm36c966je8s2hv373Published at
2023-04-06 12:17:47Event JSON
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"pubkey": "0e1314f29c0a64ec3679671c59dabaf655594e1ca6bbd8712366e3ac175a964f",
"created_at": 1680783467,
"kind": 1,
"tags": [
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"content": "Bitcoin supply is not stable. It is constantly dwindling because of lost or burned coins. 21 million is theory not reality. Bad for price discovery and stability.\n\nRange proofs assure this inflation bug is not the case. Bitcoiners love espousing transparency, but never take advantage of it by manually verifying. They just trust a node to correctly audit, exactly as monero.\n\nBuilding on a second layer is already a compromise. You give up final settlement. You create centralized nodes. And now you have most lightning users giving up custody to use it. Shame.",
"sig": "0dfbe5c515b5043fed4c1f58acb9e14ce7e5aa05787120f83267911352851d1101ffabdf3df97028961aced96b6feeb8ddc6d365379bc275d3ee162be93edecb"
}