Oddbean new post about login | logout I’ve been trying to understand this. Some say it is closer to perfect money than bitcoin but from what I’ve read the trade-offs for the privacy are not worth it. I would have thought privacy layer 2 stuff gives bitcoin what it needs.
Private layer 2 are useless when the base layer has privacy issues.
Everything has tradeoffs. the tradeoffs that monero makes are closer to my cypherpunk heart than the current state of Bitcoin. But they are still tradeoffs. There are legit criticisms you can make about monero. But the OPs post is basically horseshit and he doesn't seem to know what they are.