I said the same thing in the past. But there's a lot of resources to learn about Moneros privacy and how it works. There's not another currency like monero that's private like it. There's similar but not the same.
Bad opesec led to users being exposed, not the actual use of the currency itself.
Bitcoin L2s aren't all private and don't have those guarantees. The only one with the best is Lightning which is difficult to set up and centralizes over time and with the possibility of still being doxxed, Liquid network is just you trust them signers not to rug you, Cashu is just a currency backed by Bitcoin and you're hoping that the mint doesn't rug you, Spark can expose you and are very centralized.
You can get to the point of anonymous on Bitcoin. But it requires a lot of work to get it done. I've been doing it for a while and its a lot of work to maintain, which isn't bad. But if we want to claim that Bitcoin is better than Monero we have to realistic and honest.
#Monero #Bitcoin #BitcoinL2 #Cashu #Liquid
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My main point is it's essential for coins to hold their value otherwise it doesn't matter how private they are and no privacy focused chain will ever hold value because of the dilution effect of competition
USD in offshore bank accounts which is a worse store of value than both Monero and gold beg to disagree with you.
Gold $25T
Offshore bank accounts $60T+