With Bitcoin being created as a byproduct of this mailing list, it is fair to analyze how Bitcoin tackles issues of privacy, encryption, ect. If you read the Bitcoin Whitepaper, and if you see what Bitcoin is nowadays you will have two different perspectives. In theory Bitcoin is perfect, however, after the 'Bitcoin Boom' Bitcoin has been seized by the state and is not what it was thought to be. Monero (XMR) is a solution to this, marketed as 'what new Bitcoin users think they bought'[1]. Being untraceable, decentralised, and faster than Bitcoin. Does XMR solve the problems of Bitcoin? [1] https://moneroinfodump.neocities.org/ -- Sasaki
Does XMR solve the problems of Bitcoin?
No, because XMR does not scale. You need many thousands of tps and storage that only grows per-account not per-tx before you can even begin to call anything a scalable money that will continue to serve for decades. Prospective candidates also need lifetime cryptographic levels of privacy at least 128-bit equivalance of attack resistance regardless of whatever method they use to obtain their "privacy". They also need to be quantum resistant PQC, use TLS, work over darknets, interoperate with DEX protocols, not premine or monetize or govern or smart or defi, inflate below both gold and 0.25%, avoid issues with PoS, etcetera. Will any particular current or future coin become among this next-gen stripped-down L1 private cash for the world? Is it possible to do all this? Yes. But be careful in the analysis before shilling particular projects, essentially all of which are nowhere near having developed the tech, the roadmap, or even the philosophy needed to do it. Bring that day forth.
On 08/11/2022 22:05, hideakisasaki@dnmx.org wrote:
With Bitcoin being created as a byproduct of this mailing list
Bitcoin was, very loosely speaking, a byproduct of the cryptography list. It was in no way a byproduct the cypherpunks list. It was/is also a piece of scam which doesn't scale enough to be a currency, which wastes carbon-emitting resources, and which doesn't provide reliable anonymity. Beautiful structure and coding though. And starting off by providing such a good a reference implementation ... Punk once claimed Bitcoin was created by the man. I don't take much notice of Punk's claims (though if we aren't looking for such attacks - "paranoid" - we shouldn't be in this game), but who else but the man was that good at writing code?
Does XMR solve the problems of Bitcoin?
No. Even with Seraphis it still isn't reliably anonymous. It wastes carbon-dioxide producing resources. And it doesn't scale. It may be a step or two in the right direction, but I don't know enough about it (and what it may develop into) to say for sure. It has a loooooonng way to go though before it gets really good though. Peter Fairbrother
On Wed, 9 Nov 2022 03:35:29 +0000 Peter Fairbrother <peter@tsto.co.uk> wrote:
Most of bitcoin's 'building blocks'/concepts come from the cypherpunks : hash-cash, reusable-proof-of-work, b-money. So the claim "created as a byproduct of this mailing list" is accurate (although you could argue this isn't the original cpunks list). at any rate, your claim "byproduct of the cryptography list" is flatly wrong.
It was in no way a byproduct the cypherpunks list.
....see above
It was/is also a piece of scam which doesn't scale enough to be a currency,
same problem monero has, except monero scales even less. You might also want to specify in which way bitcoin is a scam, and more importantly compare its scam properties to the scam properties of your government's fake money.
which wastes carbon-emitting resources,
wow that's such an original and unexpected...lie. You're parroting the dumbest pro-state, anti-freedom, cop-talk one could imagine. Shocking!
On 11/8/22, Peter Fairbrother <peter@tsto.co.uk> wrote:
a byproduct of the cryptography list.
While they got the first post reasonably for technical review, they did not have the early formative ethos to inspire it that cpunks did. In fact, Perry Metzger and his minions cancelmod and cancelban discussion of it and other cryptos multiple times over the years.
a piece of scam
Go check your wallet, it's filled exclusively 100% with FIAT, the biggest and most disgusting political financial power and warmaking scam on the planet ever devised.
carbon
That argument has been thoroughly debunked.
Bitcoin was created by the man.
The man would never take such risk as birthing crypto tech into the world, no way, not ever, didn't happen. It's the job of everyone in the space to ensure that the world adopts and uses privacy enabled p2p crypto that cannot be stopped by the man.
participants (4)
-
grarpamp -
hideakisasaki＠dnmx.org -
Peter Fairbrother -
punk