Thread

I could make it to the part at 03:31 where he states that "Monero is the anonymous Bitcoin". After that I stopped listening because verything else he may offer it'd be built on shifting sands.

Bitcoin needs to become what monero is

both can co-exist.

One more inflationary coin?

Yeah! In exactly the same way that copper and salt coexist with gold and bitcoin.

It's possible to use Bitcoin privately today, it's just a drag. So the question really is much deeper. Why does it need to become easier to use bitcoin in a more private way.

It’s still a great pitch

It should make you think twice, when one of the earliest BTC devs (BIP1) is now a Monero dev.

The current yearly supply inflation rate for monero is 0.47%, this will always decrease as a percentage as the tail emissions are fixed. Compare that with inbound liquidity fees for lightning, and it's insignificant if you use is for regular transactions. nostr:nevent1qqswqvaah3u8pwzat5hqp3vlep4z30eer5arq5w0ax3vqwud02n0ecqpz4mhxue69uhhyetvv9ujuerpd46hxtnfduhsygrnzlu38s77ww0g82edm3nsp284et69ltz6qtr23p44tmum0c6dgypsgqqqqqqsqn2ldp

Rational people prefer its body without cancer instead of a little cancer.

Tail emissions is the least of it. They enable variable block size so you can do bank runs on custodians. Don't get me wrong, I'm not here to shill monero. I'm saying that what Bitcoin needs is going to change as it gains adoption to ensure it continues to freedom money. Maybe being vulnerable to takeover of custodians is the carrot that banks and nation states need to adopt Bitcoin and win the NGU race. Once it absorbs a significant amount of the global capital gains will diminish. It then needs to compete with cheaper, faster, more private coins that have growth potential to take market share off Bitcoin. This is when it will be important that Bitcoin has smart people making improvements to remain dominant and resist capture from banks who can offer economy of scale services but not really offering the real freedom of Bitcoin.

Thanks for clarification. But bitcoin is scaling in both custodial and not custodial ways with ecash, mints, federations, side chains, multisigs and so on. I don't understand the alleged necessity to change anything in layer 1 nor I see the reason of promoting inflation.

Sure, you can if you know what you're doing...but not anywhere to the same degree or simplicity as just hitting the send button on Monero. Bitcoin privacy is a major barrier to most users.

You would think incentivizing miners to secure your blockchain would be critical...guess some Bitcoin maxis are more high time preference than they let on

You would think that Bitcoin network exists and works.

ecash/federations don't scale Bitcoin. They scale IOUs. And ironically their inflation is arbitrary and centralized. A mint can print as many tokens as it wants that aren't backed by Bitcoin.

Ohh my. Have Fun Playing with shitcoins. Godspeed.

Because it still has a significant enough block reward. I don't know if you noticed but even with all-time highs going on no one is using it. Look at the mempool. All economic activity is taking place on exchanges not on Bitcoin. No one is going to mine Bitcoin for free.

Your criticisms are that shitcoins are bad because inflation, then say we don't need them because we have these custodial IOUs we can use that mints can arbitrarily and covertly inflate. Makes no sense.

ecash tokens are shitcoins. and not a single thing you mentioned is making bitcoin self custody more scalable.

Yes. So like I said : Why does it need to become easier to use bitcoin in a more private way.

Sorry, I think I misread your original reply

wait a sec gold is more inflationary than monero , and weren't you trashing it higher in this thread? also ecash is custodial, has run pull and hidden inflation risk. cope.