Lol I assume that my node is doing that for me, but we can apply that to XMR too, like how many monero people are running nodes either and verifying either? I got no issue with XMR, don't use it, would have been nice to see ring signitures on a Bitcoin side chain too but hey we make do with what we've got
It absolutely applies to xmr too
I just find it weird that people talk about Supply audibility as if they actually did it
There's also a disconnect because people are already trusting plenty of cryptographic primitives on bitcoin
It isn't the stretch to trust the range proofs that guarantee supply on Monero like people say
since its the first mover, I'm glad Bitcoin is transparent for the sake of public trust
but at this point I think it's retarded to insist on total transparency
running a monero node is very popular in the community. one of the downsides of monero is there is nothing like SPV, so whether you run a full node or not, your wallet has to scan every block since the last time you opened your wallet. it has no way of knowing if you got a transaction unless it looks at all of them. think back to how bitcoin-qt worked, it's a lot like that. so it's not that much more work to just run a full node anyway. this is also the thing I dislike the most about monero. I'm not married to it and I don't think it's perfect.
Yes, it applies to both, but Bitcoin maxis are almost always the ones that bring up supply auditability as if they are actually personally verifying it themselves. In practice they're just relying on their node and trusting it to do it for them just like any Monero node runner.
Oddbean new post about login | logout