I don't believe "private Bitcoin" can truly ever work. I don't understand why Monero is viewed as a competitor instead of a compliment.
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Monero should be seen as good for Bitcoin, as it is the only thing that restores fungibility to on-chain Bitcoin via atomic swaps. As long as Core refuses to implement any mechanism that makes Bitcoin fungible (which is a requirement for it to ever be money), it is dependent upon Monero to even have a fascimile to it.
If it used the same elliptical curve I think I'd have implemented it already yesterday.
Bitcoin’s “private” tricks are just thin masks—its ledger is still fully visible, so true anonymity never really happens. Monero actually hides the sender, receiver, and amount, so it competes by actually delivering privacy, not by pretending to.
The answer is more philosophical than practical
I think ultimately yes, you are correct. I still would like to see privacy be taken seriously on Bitcoin though even if it's a lesser privacy than Monero. I don't think it will happen though.
Because monero is superior to Bitcoin in every way.
Careful it's all retarded Bitcoin maxis faggots on here waiting to give you a lecture on the different cultural interpretations of the word 'fag'.
lol
Because it uses shitcoin as a token instead of bitcoin.
If one would be able to send sats over the network, I would see it as a compliment
It's both.
It’s seen as a competitor because not everyone uses Bitcoin as a currency.
Some people use Bitcoin as a speculative “tech stock” to day trade, and get more fiat from.
They think Monero is just another fiat day trading tool but people “investing” into monero stops them from getting rich in fiat terms.
Normally I would never mention another shitcoin but in terms of secp256k1 coins with privacy features, Pirate Chain (ARRR) has universal on-chain privacy via zk-Snarks. It's a pretty good option for deriving from the Nostr keypair.
Yeah but satoshi spent some bitcoin today and nobody needs to know so there's that..
Who cares what is ‚viewed‘ as what? You can use the tools right now 🤷♂️