Oddbean new post about login | logout I disagree. We want Bitcoin to be transparent if we actually want it to be country level international monetary system. Privacy can happen on other layers. Privacy on the protocol level will make Bitcoin a toy. Just my humble opinion.
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I would say nice try FED.
Its the other way around really... Nice try Government. You are not hiding shit from us. We want to see every tax dollar.
I want to see not even one tax dollar. Taxes are theft. I want to stop governments from collecting taxes without consent. Monero helps us achieve this goal. And in case of a voluntary society one can also publish viewkeys. Optional transparency is the way forward in a voluntary society where organisations want to be trusted/funded.
You tick two boxes of being a Fed. 1. Defends taxes/theft. 2. Hates on Monero
And you tick the boxes of being the other Fed: 1. Defends unlimited supply. 2. Like Monero.
Maxi mindset.... You know you can own both? I value Bitcoin for its strength and I value Monero for it's strength. I am as much for a limited supply as I am for privacy rights. But when my personal security is on the line, I value the second higher. It's all about tradeoffs.
I’m not the one who wants to force Monero thinking onto Bitcoin!!! Keep Bitcoin as is. Use Monero for privacy. Why the fuck you want Bitcoin to be Monero???????
I don't. I use it exactly as you describe it. It's just that better privacy on BTC prevents it from becoming a non-inflationary, still easily taxable CBDC replica.
Well the government and its associated big corporations are hiding how much bitcoin Blackrock and most other ETF’s are really holding because most are using coinbase as a very centralized steward of any hypothetical coins they may or may not own. Market manipulation from coinbase along with other exchanges can and does happen.
I know. Many Bitcoiner do not know that this happened from 2019 to 2024 within Monero. They just scream NGU vs XMR. Since Binance fully delisted Monero in May the price already reached a two year high within 1 month. Bitcoiners thanks to ETFs now will be confronted with thc same problem Monero encountered while being listed on CEX. Absorption of buys thanks to paper BTC.
I want development and improvements including some privacy improvements but unwilling to compromise on many of the transparency essentials.
There has not yet been a base layer privacy proposal where the fully transparent audit function GETUTXOSET can coexist with fully confidential base layer transactions. However there are huge improvements coming with silent payments, payjoin, and L2s in general. Privacy is improving.