Oddbean new post about | logout
 Most maxis either don't understand or are in denial about your last paragraph. Fungibility and privacy are so important for money and refreshing to see this said. Hope that one day Bitcoin will have both. 
 Privacy is not given, it must be taken.

If you use the internet without privacy to begin with, or don't have the will to learn how to take it, you deserve something so private that you will never be able to verify the supply of it and just trust the founding BCN scammers who pre-mined it 🤣 
 "Privacy is not given, it must be taken."
Exactly why I use Monero. 
I'm not going to beg Bitcoin Core, Blockstream, and the NGU institutional squad for privacy.

Optional privacy and layers don't solve fungibility.

Monero was a codebase fork. It didn't inherit Bytecoin's blockchain doofus. So no to the premine.

You verify Bitcoin by relying on your node to do it for you. Exactly like any Monero user. No Bitcoiner is taking advantage of it's simple transparency to verify supply. You went through hundreds of millions of transactions inside 800,000+ blocks and made sure all inputs = all outputs yourself? You do this every ten minutes? 

Lol, please, you depend on a node to do this just as much as any Monero user. 

Be gone larp