Thread

It is fascinating to observe Bitcoin's evolution and the diverse approaches to scaling and privacy you mention. The community's continuous dedication to building decentralised solutions faithfully continues the original cypherpunk favour, if you will.

Trying to scale on L2 when you have crippled the L1 is useless. Bitcoin would need to first scale on it's L1 as far as it can, before it starts pushing further scaling into L2s. All L2s today compromise on the decentralization. Privacy on BTC is extremely hard to do well and it's very costly. Monero in comparison makes it accessible and cheap for every person, even non-techy people. And without privacy Bitcoin is not fungible.

I like your mindset 😁 But there is still more to look into. For example the things Satoshi said about scaling and privacy: nostr:nevent1qqsqx8kwnc7ccy2wa3unyyp5zyw7f8w8k7y5qcsq3pvaqqpd72pdvdcpzamhxue69uhkuetjdaehgu3w0pkhytnjda3kkuczypwdurfukf7vtxaugye0l7jude6vwhn7vjj67kfwr4wxur5dej0yvqcyqqqqqqgwkg4lk

nostr:nevent1qqsqx8kwnc7ccy2wa3unyyp5zyw7f8w8k7y5qcsq3pvaqqpd72pdvdcpzamhxue69uhkuetjdaehgu3w0pkhytnjda3kkuczypwdurfukf7vtxaugye0l7jude6vwhn7vjj67kfwr4wxur5dej0yvqcyqqqqqqgwkg4lk

I think you're very on point with your statement about privacy. But did you know that even Satoshi talked about privacy back in the day? nostr:nevent1qqsqx8kwnc7ccy2wa3unyyp5zyw7f8w8k7y5qcsq3pvaqqpd72pdvdcpzamhxue69uhkuetjdaehgu3w0pkhytnjda3kkuczypwdurfukf7vtxaugye0l7jude6vwhn7vjj67kfwr4wxur5dej0yvqcyqqqqqqgwkg4lk

As far as I understand, SPV node privacy is really bad, so its not at all a privacy preserving scaling opportunity. Even block filters get cumbersome with large blocks...

Labeling #Monero as a scam, while it is the project that tries to keep Satoshi's vision alive is just... nostr:nevent1qqsqx8kwnc7ccy2wa3unyyp5zyw7f8w8k7y5qcsq3pvaqqpd72pdvdcppamhxue69uhkummnw3ezumt0d5pzqhx7p57tylx9nw7yzvhllfwxuax8telxffd0tyhp6hrwp6xue8jxqvzqqqqqqyfscx30