Thread

There is no second best

100%. Everything necessary will be built on Bitcoin but it will take time. Running to shitcoins is low time preference behavior.

This makes complete sense to me... How about it, #Monero people? Bring your A-game argument to refute this?🤔 #asknostr nostr:nevent1qqsq4fk0n6yevm2fmsh0rzawlr50u9aydlkstmxljv4m3jkze5t53qgpzdmhxue69uhk7enxvd5xz6tw9ec82c30qgs8t0er2vdwn7vvv2v4hgr3j8jg36k5wkt4xuwk847l634auxl639grqsqqqqqp7h75mz

Confused using Monero is "debasing bitcoin?" what's the logic here?

nostr:nprofile1qqszrqlfgavys8g0zf8mmy79dn92ghn723wwawx49py0nqjn7jtmjagpz4mhxue69uhkummnw3ezummcw3ezuer9wchszyrhwden5te0dehhxarj9ekk7mf0qy88wumn8ghj7mn0wvhxcmmv9uynmh4h on XMR versus Lightning https://podcast.paranoiamachinery.com/@paranoia_machinery/episodes/supertestnet-lightnings-privacy-episode-7-season-2-outlaw-crypto-podcast

There are no solutions. There are only trade-offs. - Thomas Sowell

One can just as easily argue that "custodial solutions" are low time preference behavior

The XMR shill thought an intermediate LN node can censor a transaction and even steal the funds… shocking ignorance.

Great quote.

Sure, but I expect to empty my zappi g wallet every month. I don't keep my retirement money in a custodial wallet, just the money I intend to spend that month.

Can't a Monero/Bitcoin user just say the same thing? "I don't keep my retirement money in Monero, just the money I intend to spend that month" They can even completely avoid the potential 100% loss from being rugged Btw I think ecash has it's own advantages over Monero and vice versa. I use both.

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. In the Wealth of Nations Adam Smith talks about the debasement of currencies by governments all around the world. They achieved this by smelting different metals with gold, making each coin contain less and less gold over time. I see all alt coins as an attempt to debase bitcoin, a peer to peer electronic cash system. My node does not accept these debasment coins. I do view stablecoins a little differently however. For example, USDT is a digital representation of the dollar backed by the very financial instrument that is used to debase those dollars. I believe stablecoins are monetizing the debt, which debases fiat. This is not an argument for stablecoins, they're ust a little different.

I could be more rich in bitcoin than satoshi everytime I heard "now I know it's not necessary" e-cash solutions are custodial and a mint provider still knows where fund goes (pretty like lightning) additionnaly of being an optionnal solution (not fixing Bitcoin).

Altcoins aren't mixing anything with bitcoin so the metaphor doesnt apply. like, at all. How about "people believing other things debase my beliefs" "the existence of white people debase the brown people" it makes no fucking sense.

I actually agree. Altcoins are failed attempts at debasing bitcoin, even Satoshi's namecoin. I have been heavily influenquote. This Knut Svanholm quote:

"The transactional solutions are arriving to the Bitcoin stack which has a verifiable fixed supply." This is about Ecash vs Monero, sir, and last I checked Ecash doesn't even pretend to have a verifiable fixed supply. Mint has the centralized ability of printing unbacked tokens form thin air (at least Monero requires PoW and anyone can participate in issuance) "It’s the only money I care to use." Why cloak yourself behind half-baked arguments then? Just say that from the start

ECash uses Bitcoin. Bitcoin has a fixed supply.

Ecash can trivially be fashioned to work with any crypto (send mint crypto, dispense tokens). It's not exclusive to Bitcoin. There is already a Bitcoiner developing Monero Ecash and a bounty for it. Doesn't matter. A mint can covertly print as many tokens as they want. Bitcoins fixed supply doesn't limit that in any way. https://njump.me/nevent1qvzqqqqqqypzqmajvcqjcvqgxql9ftj4zs95d9t7n9uqnpqpmk357nvjrgn4h79mqyw8wumn8ghj7mn0wd68ytnsdae8getddahx2un09e3k7mf0qyd8wumn8ghj7un9d3shjtnndp5hgen0wf3k2tn0dejj7qpqqeraqwjgqv7an4l28pz4wtwvxeg4swrwyx7gmat7k45gfsysdggstfxxdq

Things like ECash (and Lightning) ruin the fixed supply of Bitcoin.

Malicious mints aside. The mints who want to last long-term uphold Bitcoin’s fixed supply.

if you're really able to believe such a ridiculous idea than what use is proof of work at all?

Oh noooo .01% of my stack goes in a trusted ECash mint that offers instant asynchronous fully anon payments boooo. Worry about your own money

hOw dArE yOu UsE a BaNk

Banks that my #Nostr homies run 😂🫡👑 We are winning so hard. Bye bye JP Morgan. Hello pleb banks.

And that’s “key”! 💯

More info?? 👀

people are suggesting for DNMs with millions in volume to do their business inside ruggabe ecash mints, and that ecash mints will eclipse monero completely. please stop pretending this advocacy is confined to pocket change. and we both know the whole point of L2 scaling is to inherit security from L1 and execute transactions somewhere else. you toss the security from L1 into the garbage bin the moment you put one toe into an ecash mint. the developers are retarded and need to go back and come up with something better.

Go back to X I'm not scrolling up to find out what you posted this in reply to

Ok reply guy, enjoy my mute list.

Go back to X I have no feelings about your mute list, faggot