Cyph3rp9nk on Nostr: One rule that any method has to comply with is that it has to maximize its exposure ...
One rule that any method has to comply with is that it has to maximize its exposure to bitcoin, that is, coins can hardly spend minutes in Monero for example because otherwise you expose yourself to the loss of purchasing power, which is what bitcoin was created for, that is why I consider that in itself Monero is an oxymoron to the founding principles of bitcoin, Monero does not work to protect you from Fiat currency devaluation, it does not even beat inflation.
So please don't you Monero supporters come here and say just use Monero and Monero is what Bitcoin should have been because Monero has not achieved any of the main goals of Bitcoin.
For me Monero is just a privacy tool.
I spend a lot of time analyzing the different privacy methods that currently exist in bitcoin, including Monero as a privacy tool.
There is nothing that convinces me 100%, they all have counterparts.
All of these include:
- Lightning network
- Liquid network
- Swaps
- Coinjoins
- eCash
- Statechains
- Monero swaps
- combination of the above.
It is not that they are not effective but they have trade-offs such as:
- some have little protection from a state actor.
- expensive
- complicated for the average user
- Some are unusable for the plebs in high rate environments
Published at
2024-10-06 11:44:39Event JSON
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"content": "One rule that any method has to comply with is that it has to maximize its exposure to bitcoin, that is, coins can hardly spend minutes in Monero for example because otherwise you expose yourself to the loss of purchasing power, which is what bitcoin was created for, that is why I consider that in itself Monero is an oxymoron to the founding principles of bitcoin, Monero does not work to protect you from Fiat currency devaluation, it does not even beat inflation.\n\nSo please don't you Monero supporters come here and say just use Monero and Monero is what Bitcoin should have been because Monero has not achieved any of the main goals of Bitcoin.\n\nFor me Monero is just a privacy tool.\n\n\n\nnostr:note1rxhe9cmka8ghymysg3p95e4e7p7dn2tvrjm5qmqgg0d5epwf2krqkqg7e0\nhttps://m.primal.net/LMss.jpg",
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