Privacy is the foundation for all the things you mentioned.
Immutability depends on node operators (e.g. CEX) and miners acting honestly. But governments knowing the identity of those will make them enforce stupid things (e.g. KYC) just as government makes the public do stupid things. Privacy means you are able to do the right thing without fearing repercussions.
Censorship resistance and permissionlessness depends on miners not seeing the things they otherwise could be asked by governments to censor. But if both governments and miners don't see anything they don't know what to censor.
Centralisation of mining in only a few pools is another attack vectoe for Bitcoin (OFAC compliance already >50%]. Monero with RandomX and P2P pools also championed that field.
If you have a use case for a transparent store of value use Bitcoin. Else you are likely better off with Monero.
npub1ah…cl76e
2024-05-02 06:31:54
in reply to nevent1q…rht5
Author Public Key
npub1ah3aj4mhfew4c7txfdd4paf3wr5syntkeyxenl9fxf9rejte2wpqwcl76ePublished at
2024-05-02 06:31:54Event JSON
{
"id": "4e22b23b5bdd2d37cbcb6e8124b9f756e98a574a58dd31ab7dd7e99a297b5e38",
"pubkey": "ede3d957774e5d5c79664b5b50f53170e9024d76c90d99fca9324a3cc9795382",
"created_at": 1714631514,
"kind": 1,
"tags": [
[
"e",
"3015bf1c1fdd56e93c2102e35ae4aea33b8932d239cf9217b1621230943eff5b",
"",
"root"
],
[
"p",
"ee11a5dff40c19a555f41fe42b48f00e618c91225622ae37b6c2bb67b76c4e49"
],
[
"p",
"5af0794606a15b5641e25aa23d04af4cb0d7d5e68b11cacb47e56a4698fca8c4"
]
],
"content": "Privacy is the foundation for all the things you mentioned.\n\nImmutability depends on node operators (e.g. CEX) and miners acting honestly. But governments knowing the identity of those will make them enforce stupid things (e.g. KYC) just as government makes the public do stupid things. Privacy means you are able to do the right thing without fearing repercussions.\n\nCensorship resistance and permissionlessness depends on miners not seeing the things they otherwise could be asked by governments to censor. But if both governments and miners don't see anything they don't know what to censor.\n\n\nCentralisation of mining in only a few pools is another attack vectoe for Bitcoin (OFAC compliance already \u003e50%]. Monero with RandomX and P2P pools also championed that field.\n\n\nIf you have a use case for a transparent store of value use Bitcoin. Else you are likely better off with Monero.",
"sig": "04d811b2270799e3d075d4295d3b1d367cc87c5e937bccafa46e9bf5ab41391faf9b1ed8af8c0f5f92db6e7f0bb0f0964e454499d6b48a5459f010f0e800ff2d"
}