Oddbean

Monero is not bitcoin Not bitcoin = shitcoin No exceptions Privacy coins are shitcoins, same as all other “alt”coins (TINA you fucks) Monero is a shitcoin Zcash is a shitcoin too Just like shiba inu coin BECAUSE NONE OF THESE IS BITCOIN Don’t overthink it

“Why yes, yes i am close minded and zealous when it comes to money as there is one which is clearly the GOAT rendering the rest of them worthless to me before it registers for other people” https://media.tenor.com/xPbYOMgrgFwAAAAC/game-of-thrones-daenerys-targaryen.gif

I think technically speaking it should be considered a shitcoin because it's held by a federation. But not necessarily raging diarrhea as it is verifiably 1 to 1. But that's just my take. It is cheap to move around.

It’s a federated multisig of I believe of 15 members who need 11 out of 15 keys to sign any transaction. You can move money within the federation for near free fees and peg in/out depending on when you want to go back on chain

In the States. Easy. In literally every other country it is next to impossible to buy bitcoin IRL. In my case there is a bitcoin meeting every 2 months and that is it. If I need bitcoin in between those two months I go to an ATM where they capture my face every time I buy. The only way to clear the path to my face is to go through Monero. The amounts aren't big enough to use coinjoin

Are you really placing Monero in the same category as Shiba? Also, calling Monero a privacy coin really depends on what is your mental point of origin. Is monero a privacy coin, or is everything else (pretty much) a surveillance coin? Matter of perspective, you see. To call something a shitcoin is to say it has no value, and no use. The vast, vast majority of cryptocurrencies indeed add very little if anything to the table. But a robust, battle-tested, always-private cryptocurrency? That is something else. That is a useful tool. And it's only your zealotry that prevents you from seeing that. #monero might not be bitcoin, it might never have as much gains as bitcoin, it might never have as many users, and it definitely will never have as much mainstream finance adoption as bitcoin (think really hard about that one), but here is what Monero does, and does well. It keeps your transactions private and anonymous, and with a couple well-known corner cases notwithstandig, you don't even have to think about it. That you cannot recognize this reveals ignorance, prejudice and zealotry. Nothing else, and nothing more.

That would be a very valid and self-evident category. Applying the label to anything that isn't Bitcoin and especially to what is arguably the best tool for anonymous and private financial transactions in existence, isn't. I really don't get people who think the way you do. Bitcoin and #monero are software, it's not a football club. I rarely actually use Bitcoin (onchain), but I save in Bitcoin. It's great for that, Monero not so much. I use Lightning day-to-day a lot, but Lightning is a hot wallet (not just mine, the whole network). I would not be comfortable having more than a few thousand $ worth of sats in there at any time. I don't save much on Monero (but more than Lightning), and while thr UX/UI is not as polished, in terms of low friction and anonymity/privacy guarantees, Bitcoin doesn't match it today. It would be great if Bitcoin could do all of it, but privacy and anonymity today onchain are a chore, and it will also flag any coins you tried to anonymize in a very public way. In short, it's not either-or, it's not black and white, and it's not so simple as "not bitcoin? shitcoin!" I'm sorry, but respectfully, that's rather stupid and ignorant. No offense.

https://image.nostr.build/544a0c00b938fc818c793f3f545e7c94f74f52861d8d782b1d33589da59e0a51.jpg#m=image%2Fjpeg&dim=728x552&blurhash=%236DItJ00O9n40MIV-pS%7EkB0001.ma0j%5B%3D%7BnNxtM%7B.m%3DeIAt7-oIVIpS5S500-p%5E%2B57xaXSnNjFw%5Et9X8D%25o%7Dr%3FbFs%3AxaWXxZnO%25fi_t7oMIoR*jZnjV%40ShWBR*s%3AWUsoxZ&x=083591f9fa04e859b1913307aa329c8edda46ccef8f427ef2c3dfeb9c0ea7ae3

What a coherent, deep and detailed answer to the perspectives I raised in my previous answer. You know what they say about arguing with fools and stooping down to their level. Keep seeing the world in black and white and thinking you've got it all figured out - by closing your mind preemptively to every possibility that does not align with your assumptions and disregarding any attempt at intelligent discussion with simplistic platitudes - it is your birthright. If that strikes you as the mark of an intelligent man.. well.. yeah.

I'm reminded of Saylor's superhero analogy. He said it better but it goes something like this: The best superpower is to be indestructible, given enough time you’ll be able to do whatever other superheroes can do as well because you'll be able to use newer technology and learn new abilities. So despite anything positive a shitcoin can do, they'll die at some point because they are able to die. While bitcoin survives and keeps learning new superpowers.

Touché, I’m not gonna try to argue that custodial lightning is some great thing. Although it should be an address from my pal @sathoarder for receiving, not sure how that happened 😩 But yes i admit i am willing to put a very small amount of *real sats* at risk of a third party to have easy breezy zaps on the Nostr