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 This way exists. See https://www.moneroinflation.com 
 I’m not qualified to assess how or if the claim is true, but I suspect there’s a big trade off in transaction size. 
 its smaller tx size than making every spend a coinjoin on bitcoin,

and you are already trusting cryptographic assertions with bitcoin so it's unreasonable to protest the Pedersen commitments that hide amounts in monero.