Papa Figos

Wrong. Liquid did not adopt the Monero Model™ because that would be going a step too far for the powers that be. This dude is getting more and more unhinged in his takes, I guess it's a natural progression from muting anything and everyone that disagrees with him. I don't point this stuff out for his sake, he's muted me long ago, I point it out for other readers. With Liquid, you have confidential transactions: you can't see what asset or what amount was sent in a transaction - you get financial privacy. However, you can see source AND destination addresses, so there is no anonymity, only pseudonymity, same as bitcoin onchain. The "Cypherpunk" is (trivially, I might add) wrong since any inflation bugs would be related to confidential transactions (which hide amounts and asset type). Which are already live on Liquid. Anyway, think of it like this: bitcoin mainnet: never any privacy (you always know amounts and asset type), weakly pseudonymous at best (source and dest can't be hidden, and the records remain to trolled through for eternity): a tyrant's dream, all he has to do is slap enough labels on all the public data (that's what's been happening and it was entirely predictable) liquid: monero-level privacy, bitcoin mainnet pseudonymity: much better than the above, but traceability/linkability remains like on mainnet, making liquid pseudonymous, same as onchain: this is how far Blockstream could take it in our current climate of financial terror, repression and mass-surveillance. monero: confidential transactions, same as liquid, and no addresses visible onchain (not worth going into right now + ring signatures have weak spots, all this is understood and is being improved on): this is true digital cash, and the true nightmare scenario for tyrants and Statist parasites, as now you can't even tell who is sending money to whom. And regarding claims of "hidden inflation" in Monero, I invite the reader to study https://www.moneroinflation.com Also remember that it was Bitcoin, with its dystopic transparency, that ACTUALLY suffered from an inflation bug. https://en.bitcoin.it/wiki/Value_overflow_incident Apparently Bitcoin wasn't "discovered" and there isn't really a fixed supply of magical energy-backed digital tokens after all, it's all software at the end of the day and software has bugs. Imagine if this happened nowdays, would the chain be reversed like it was back then? It would probably be the death of Bitcoin and trust would be irreversibly eroded. Being transparent doesn't change that. And it makes a bunch of other things worse while enabling mass financial surveillance that tyrants of yesteryear could've only dreamed of. #monero fixes this.

Few understand this. https://mises.org/mises-wire/privacy-and-fungibility-forgotten-virtues-sound-money

Ethereum is transparent by design, and that’s a problem if you don’t want your entire financial life on display. Rand Hindi, co-founder of Zama, joins us to explain how fully homomorphic encryption (FHE) can turn Ethereum into an encrypted, confidential blockchain where contracts stay composable and UX feels exactly the same. We get into why blockchains were public in the first place, why “anonymous addresses” were never enough, how FHE compares to ZK and MPC, and what a world of private DeFi, encrypted stablecoins, and on-chain “digital immortality” could look like. Bankless: The Holy Grail of Crypto Privacy: Encrypted Ethereum, FHE & Living Forever | Rand Hindi, Zama Co-Founder Episode webpage: https://episode.flightcast.com/01KBB0DCZZJCS55DEEJ8YD8FA7.mp3 Media file: https://episode.flightcast.com/01KBB0DCZZJCS55DEEJ8YD8FA7.mp3 --- even the #ethereum folks understand #privacy better than the bitcoin maxipads now. amazing!