₿logging₿itcoin on Nostr: I used to think monero was better than bitcoin for privacy, but now I know monero is ...

I used to think monero was better than bitcoin for privacy, but now I know monero is not necessary.

We can achieve privacy using chaumian e-cash instead of a blockchain. What's more, these e-cash solutions are interoperable with the lightning network.

The steel-man argument against this is that chaumian mints require some trust.

This is true, but Bitcoin is a peer to peer electronic cash system that requires no trust. We can trutnthst there will never be more than 21 million #bitcoin. Every other blockchain is an attempted breach of that trust, an attempt at debasing bitcoin the same way governments have debased gold by adding other metal to it.

That's my two sats.

I would rather trust a few thousand sats with an e cash provider than try to debase the p2p electronic cash system that bitcoin is.