Oddbean

Yes. It's functional, sure. But it's too opaque to be trustworthy and it's use case will be taken over by Bitcoin. The market reflects this if you look at Monero priced in Bitcoin. It only loses value.

DNMs don't want to use bitcoin. bitcoin is scaling via custodians. DNM people want to interact with custodians as little is possible. these are the first people who invented multisignature escrow and baked it into custom built ecommerce software. they are absolutely never going to adopt cashu. they are not going to just leave all their money with a trusted third party nor do they want to pay bitcoin onchain fees to maintain self-custody. they need something that makes self custody more scalable or they won't use it.

The unreasonable thing about your thought process is it ends with saying "shitcoin." The difference you explained sounds smaller than the difference between Bitcoin and feces, unless you consider Bitcoin just barely a tiny bit better of money than feces.

Oh yeah I forgot to call it a shitcoin. Thanks for reminding me. Monero is a shitcoin. A shitcoin is anything that is not Bitcoin. Monero is not Bitcoin. It is a plaything for privacy weebs to larp about how mysterious and secretive they are.

Things are shitty for reasons dismissing something simply because "its not bitcoin" is anti intellectual. Bitcoin got to where it is today because of critical thinking and preparing for adversarial scenarios. it is not perfect and it makes tradeoffs. you actively work against that ethos with your moronic maxi attitude.

if bitcoin had scalable self-custody and monero-level privacy I would love that. but it doesn't have those things. it is failing to scale without custodians and it cannot offer a level of privacy similar to monero without exposing users to rug pull risk. I want it to overcome these problems but I don't think it will ever happen.