Oddbean new post about login | logout You cannot have privacy in an open ledger, that's a completely different protocol. See Monero if that's what you want. The problem with making it "better" is that the risk is a couple orders of magnitude more dangerous than any incremental improvement you might make. The single biggest threat to bitcoin is that they will soft-fork in some new opcodes that bring with them unintended consequences. Think taproot, but worse. That's all it will take is one opcode that someone figures out a way to exploit.
I agree, that holding a secret supply exploit in Monero is as powerful as the FED, controlling money supply. Still USD is the preferred medium of exchange. Bitcoin is a hedge against both USD and Monero inflation and as such it has tremendous value. But both USD (fungible bydecree) and Monero are better monies (fungible through code).
Money: 1. store of value 2. medium of exchange 3. unit of account There is no good money on Earth right now. I use bitcoin for #1 and eventually the others will follow.
Most people on this planet use the USD as store of value. I agree, that Bitcoin is the best store of value currently. Use it as such. Monero is the better money. Use it as such.
Monero is terrible as money far worse than bitcoin. It's a worse store of value, it's accepted less places so it's a worse medium of exchange, and it's just as bad as bitcoin as a unity of account due to it's wild fluctuations in purchasing power. Monero is good at one things, making secret payments when you are trying to hide your financial transactions