I'm just trying to read a Coinbase blog post.
Enshittification intensifies!
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Replies (50)
Kind of ironic to have you read about an impersonation scheme while also asking you to approve unneeded "cookies"
You are the primary evil shitcoiner.
Jameson Slopp is a disgusting shitcoiner and manipulator.
His Casa happily sucks Ethereum cock and he is investor in Citra that is trying to ruin Bitcoin with spam and turn it into Ethereum like shitcoin.
This how Slopp is trying to normalize the shitcoiners activity and to introduce a narrative that everyone is shitcoiner.
No, you fucking shitcoiner Slopp. Shitcoins are centralized SLAVERY scams, rug pulls and casino gulags.
Shitcoiners are degenerate gamblers who do not give a damn about Freedom, better society and hope for humanity for better future with the hardest money on planet Earth.
Bitcoin is THE Global Most Secure Decentralized Unconfiscatable Peer-to-Peer Scarce Hard Sovereign Freedom Money, The Greatest Store of Value and The Strongest Hope for Humanity.
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Bitcoin is not the one and only application of blockchain technology. Hasn't been for years now and certainly won't be in the future. Open your mind, you were closed off to Bitcoin at one point before you learned about it.
Daedalus, he is not a rational person, there is no argument to be used for him, he is exactly what dead internet theory talks about.
he exists to just be a bot, even if he was a real person.
look in the mirror, shitcoiner
Bitcoin is the One and Only Sovereign Freedom Money and that is exactly because my mind and my eyes are open.
Yeah I doubt I'd convince him. It's mainly for lurkers who read this and see how irrational his point of view is.
Why because you say so? Monero offers more freedom because you're free from surveillance by default. It's so free you can buy substances that would land you in prison with it with a high degree of security. Not advocating for breaking the law but it's a strong point. Is monero not also freedom money then?
Also relating to your "exposé" on Lopp talking about ethereum. Ethereum isn't just trying to be money, you can also use it as a BTC L2 like with tBTC or wBTC. In this case it's a side gain pegged to BTC just like liquid. Is liquid a shitcoin if tBTC on ETH is a shitcoin? You can also stake BTC trading pairs for yield on ETH to provide BTC on/off ramp liquidity. That's beyond anything you could do with the Bitcoin blockchain. Is there no value to that?
Monero is not money, its wannabe privacy token. Yet is has leaks and some users have been traced and arrested
Lightning has comparable if not better privacy and is at least real money.
You can't convince me that Monero is money because it had 15+ Hard Forks and changed its algos multiple times. It also had two chain reorg attacks, it near impossible to be audited and has indefinite inflation.
As for Ethereum shitcoin? Its created out of thin air, centralized SLAVERY scam. The fact that fucking shitcoin is trying to integrate itself to Bitcoin does not make it better in any way.
Monero leaks
Ehtereum is disgusting shitcoin that has nothing to do with freedom.
Ethereum has an ICO and CENTRALIZED coin allocation created out of thin air.
"The Ethereum (ETH) ICO started in 2014 and raised $18,500,000 USD. The initial coin offering finished on September 02, 2014"
"During the Ethereum genesis event, approximately 72 million ETH was distributed to 8,893 unique wallets, primarily allocated to early adopters, developers, and investors."
Ethereum has a 💩Proof of Stake💩 / 💩POS💩 centralized shit.
Ethereum has inflation similar to the fiat inflation.
Ethereum is centralized slavery shitcoin SCAM.
How many rug pulls happened on Ethereum shitcoin blockchain? Tens of thousands? How many people lost their money on shitcoins? Many many millions?
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https://daic.capital/blog/ethereum-genesis-analysis
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Looked through that link you sent. The ones pertaining to fee fingerprinting are resolved in every wallet I can think of. Most don't even permit custom fees.
For Edge wallet, yeah you share your private view key which links your transactions together. This is an identical privacy tradeoff to Electrum which is a ubiquitous light wallet server used on nearly every Bitcoin wallet. The difference is in Monero only Edge wallet uses it and its well known in the community and in that software the tradeoffs that need to be commited for the enhanced performance.
The main point in that site that is a genuine attack vector is poisoned outputs in the ring signature. See @xenumonero s attack of the poisoned outputs series for details on this and how to mitigate https://www.youtube.com/playlist?list=PLk4xsazIq6TZUKDScrxFjhajOKTlHknRx
In summary, any UTXO that came from an exchange should be sent to a private wallet then sent to a new address before spending to add another ring signature between the one with a poisoned output from the exchange. This largely defeats the problem.
There's a major cryptographic upgrade to ring signatures next year called FCMP++ (Full Chain Membership Proofs) which uses ALL past outputs as the anonymity set instead of the current 16. This makes any deanonymization attack via outputs IMPOSSIBLE.
Lightning has incomparable privacy. It relies entirely on network level privacy which is already highly susceptible to timing attacks due to the hub-and-spoke model. Monero has both strong on-chain and network level privacy. Even if Dandelion++ is broken and a transaction is traced to having originated from a particular node, sender, reciever and amount privacy is still preserved. With lightning if a similar, and arguably easier, timing attack is performed than the entire transaction is revealed including amounts, sender and reciever. This is fundamentally weaker privacy and there's no convincing argument or even scenario in which this is stronger. Take that back, if Edge wallet is malicious and you're using Edge wallet (the easiest least private Monero wallet) and comparing that with an LND node spun up on a VPS accessed over Tor, paid in Monero with a node opened up to a smaller onion only peer, with a coinjoined or non-KYC UTXO THEN in this case lightning is better. That's the beat Lightning case and worse Monero case. In ANY OTHER case Monero has vastly better privacy its not comparable. While also being easier to use than Lightning mind you.
What you're observing is the predictable result of someone who got stuck in a purity test death spiral.
Yeah man it's kinda sad.
Yes I am stuck with Bitcoin Culture and Bitcoin Values.
They are the opposite of those of shitcoiners. The death spiral is the slavery of the shitcoiners, the shitcoin scams, the rug pulls, the web3 clownery and the rest of the cryptoshit casino gulag manipulations.
Bitcoin Culture is under attack.
We need to protect our Bitcoin Culture and Bitcoin Values.
+ 21 Million Bitcoin Forever
+ Bitcoin Only
+ Bitcion is Freedom Sovereign Money
+ Maximum Decentralization
+ Bitcoin is for everyone, Bitcoin never refuses an account
+ Bitcoin is permisionless monetary protocol / network / system
+ Not your keys, not your Bitcoin
+ Bitcoiners value their health, their friends and families and their time
+ Bitcoiners value truth, honesty and liberty
+ We HODL Bitcoin
+ Stay humble, stack sats
+ Bitcoin is fixing the world
+ Bitcoin is Hope for Humanity
Fuck shitcoins and shitcoiners, fuck their scams and rug pulls and fuck their centralized slavery tokens created out of thin air.
Fuck fiat and inflation. Inflation is theft. Fuck CBDC.
Bitcoin Nodes decide What Bitcoin Is
Bitcoin is THE Global Most Secure Decentralized Unconfiscatable Peer-to-Peer Scarce Hard Sovereign Freedom Money and Greatest Store of Value 🫒
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I have said this before.
Privacy is not the top priority feature that makes the money real, hard and valuable.
Its a good feature but not the top priority.
Enjoy your Monero. I will enjoy my Bitcoin.
I have nothing against Jameson Slopp investing more in Monero. He can bring Ordinals, NFTs, jpegs, arbitrary data and much more to Monero and you can have a lot of fun there.
A key aspect of money is fungibility :max_bytes(150000):strip_icc()/terms_m_money_FINAL-bc556f9023f64a15b177e7768124f125.jpg)
which Bitcoin lacks due to the bifurcation of "tainted" UTXOs and "clean" UTXOs. Tainted coins can't be used on any exchanges and many merchants won't take them. Gold, cash and monero are all fungible. Every Monero UTXO has no traceable history thus mamingnit as fungible as a gold atom. Privacy is crucial for money.
Investopedia
Understanding Money: Its Properties, Types, and UsesMoney Explained: Essential Properties, Types, and Practical Uses
Explore how money functions as a medium of exchange, its essential properties, types including fiat and cryptocurrencies, and its role in the economy.
It's not a religion dude. Its an application layer internet protocol. Get real. You've not countered any evidence I've cited on this thread. If you want to be taken seriously drop the dogma and engage in an intellectually rigorous manner.
That is wrong. Bitcoin is fungible money. Bitcoin does not need third party. It is peer-to-peer Freedom Money and its fungible.
There are people who still don't understand Bitcoin and fall for shitcoin propaganda and lies.
1. Shitcoin propaganda about "Bitcoin is too slow."
Answer: No Bitcoin is not slow. One can transact Bitcoin faster than any other medium of exchange using #LightningNetwork. Lightning network is Layer 2 of Bitcoin. Bitcoin's layer one is designed to be robust and secure, and to have bullet-proof integrity. On Bitcoin layer 1 people can move billions anywhere in the world, for a couple of bucks fee, without using third parites (peer-to-peer) and do that in minutes which is galactic improvement over Gold. Bitcoin having blocks every 10 minutes means that Bitcoin Nodes like Knots can sync even on a slower Internet connections thus improving decentralization possibilities and robustness. This also keeps the blockchain size well managable by literally eveyone. Bitcoin is robust and anti-fragile by design.
2. Shitcoin propaganda about "Bitcoin is not fungible"
Answer: Only idiots propagate that lie. Bitcoin coins do not have identification number. 1 BTC = 1 BTC. 1 Bitcoin is divisible in 100 Million sats. 1 sat = 1 sat. So Bitcoin is fungible. The idiot shitcioners probably mean that Bitcoins can be traced from one address to the other because the blockchain is public which is the main feature that ensures Bitcoin integrity. But the fact that Bitcoins can be mixed using Bitcoin coinjoins completely destroys the shitcoinrs propaganda and lies. Bitcoin is fungible money.
Here is a definition about fungibility from AI:
Fungibility refers to the property of an asset or good whose individual units are interchangeable and essentially identical in value and function. Fungible assets can be exchanged or substituted on a one-to-one basis without any loss of value or distinction. For example, money is fungible: a $1 bill is equivalent to another $1 bill or to a combination of coins that sums to $1. Other fungible assets include commodities like gold or corn, and cryptocurrencies such as Bitcoin, where each unit is identical and holds the same value as another unit of the same kind.
Non-fungibility, by contrast, refers to assets that are unique and cannot be replaced by another identical item. Non-fungible assets have distinctive characteristics that make each item different in value and identity. For example, a specific car, house, piece of artwork, or diamond is non-fungible because it cannot be exchanged on a one-to-one basis with another item of the same type without affecting value or uniqueness. The distinguishing features and uniqueness of non-fungible assets mean they hold individual value and cannot be substituted directly.
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If your eyes and mind are closed for evidence and the truth then no one can present you any.
Bruh how do you think I got to Monero? I used Bitcoin on-chain and lightning extensively while also studying opsec. Doesn't take much time fighting the Bitcoin protocol to realize that there are better solutions that are easier and superior for transacting privately.
Pretty much all of us started out as bitcoin maxies.
Well then you need to study Bitcoin harder and realize what makes money hard and valuable.
Monero protects both the merchant and the customer from the money trails.
I studied Bitcoin 16 years ago. Tell me how to study harder when I put 10,000 hours + into getting to understand, the financial system, game theory, basic computer science, money in general, mass psychology, opsec, future trends,...
Still I landeded in camp Monero (for now).
Because currency competition means choice and is part of game theory and economic science.
Freedom of choice is a good thing.
May the game theory play out.
Utxos with different histories are nonfungible.
it isn't complicated and you can stop your internal dialogue.
BS
across all these domains, what are your favourite/must read books?
because obviously a 100k sat utxo straight from the miner
and a 100k sat utxo from a known DNM address
are fungible... 🙄
not the sharpest tool in the shed are you?
Read the definition of fungible money again, then try to think again. Then put in the mix the function of coinjoins.
equal units are not interchangeable. period.
you can stop with the rationalizations.
and in the same way, anyone can identify and discriminate based on coinjoin history.
BS. Who is that anyone? Bitcoin is peer-to-peer Decentralized Freedom Money that does not need ANYONE as a third party.
Your BS is ridiculous. Bitcoin is fungible money.
Read the definition of fungible money again, then try to think again. Then put in the mix the function of coinjoins.
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that anyone is one of the peers of your "peer-to-peer decentralized freedom money"
if your peer can identify and discern difference between units of equal value,
it is not fungible.
repeating your dogma doesn't make it true.
1 Bitcoin = 1 Bitcoin, your BS is absolutely ridiculous
Again, you need to read the definition of fungible money and stop inventing your own BS.
lol
wah wah
not the sharpest tack in the box huh?
you should read the things you post
"Fungibility refers only to the equivalence and INDISTINGUISHABILITY of each unit of a commodity or other thing with other units of the same thing..."
if you can DISTINGUISH between utxos of the same value,
they are *not fungible by definition.
Bitcoin is a mirror of the Universe, a perfection better than barter. Currently now we have one in which the human construct of Money (which was imperfect) became money Fiat Currency (even more imperfect) over a massive spread of generations that could not possibly retain and or reflect upon the same.
It's insane to sleepwalk it to the same again.
Bitcoin is the perfect set of rules that allow people without permission to simply say NO!
It's been happening since the 3rd of January 2009.
No is Now is Never is forever!
#Bitcoin
Coinjoins entered the chat long ago. #Lightning too.
cool story bro
both great tools
but neither make UTXOs of equal value *indistinguishable.
Thank you. But reality is not a story, a story is different.
Bitcoin cannot be gamed, as such it is the default language of the ungamed.
Empathy, Love, Unity, those are the invisible alignments of exchange.
Those exchanges live within you and the recipient's, Bitcoin just makes those rules as permanent as the same rules of the Universe.
Have fun learning more about everything.
It's literally enjoyable buy default.
I hate to break it to you son
Bitcoin is the long evolution and synergy of different technologies. it's extremely well designed but it's not perfect.
it's certainly is an an expression of any universal truth.
as long as you don't see it as something designed and created by people, you can't actually analyze it in an intelligent way.
it certainly is *not an expression of any universal truth
You can check the total amount of Monero. That's good enough. Inflation in % is approaching zero because the reward is constant. It also secures the network, even after 2140. Dynamic block size with associated costs also solves urgent problems that Bitcoin is putting off and BCH solved bad. Hard forks are not a bad thing if there is no chain split, and even if there is, Darwin takes care of it. In other words, Monero is damn sexy.
I disagree. Here the Universe White Paper, it's mirror is the Bitcoin White Paper, Dad!
https://medium.com/@j0e810ggs/the-universe-white-paper-a089f9c83500
Here's the actual formal paper and not just an article for the average reader to understand.
Zenodo
The Universe White Paper: A Boundary-Consistent Structural Interpretation of Physical Reality
Description This record presents The Universe White Paper: A Boundary-Consistent Structural Interpretation of Physical Reality, a foundational prep...
sorry
I don't care about your arbitrary fantasies
That's an interesting point of view. You don't need to apologise to me tho.
I didn't do it because it was necessary.
Agreed, in reality, it was all completely unnecessary.
Im sure the last word, will be either you or I.