i should not have left x
created a vacuum for grifters
i was wrong, that’s on me
elon wanted $50k for my deleted account so i made a fresh handle and kept the bitcoin
“We (Monero) have had our own inflation bugs… it's a natural downside to building out privacy as the default in these systems.”
This.
Bitcoin's $1.3 trillion market cap is the equivalent of the life savings of 150 million median Americans.
So far, all the available on-chain privacy technologies that provide good k-anonymity sets, other than coinjoin, have had serious inflation exploits that could have destroyed the entire value of the privacy protected coins they were used on. It's good that these options exist for those who want to use them. But Bitcoin's #1 goal needs to be maintaining value. Privacy is important. But it is our #2 priority. Not #1.
Besides, Bitcoin in practice has very good payment privacy the way people actually use it: Lightning. For many threat models we got the rough equivalent of Zcash style on-chain privacy without the inflation risk, and with nearly instant transactions. The main work to be done there is to get more people on ecash and self-hosted lightning, and get more Lightning wallets integrated with coinjoin.
btw this isn’t the first time a bug like this was discovered in zcash. last time it was disclosed after being a year+ in the wild and everyone lost faith and zcash went to zero for 7 years, until they found a new generation of buyers who doesn’t know the history (that’s you)
@mkuegi Bitcoin has never had an inflation exploit that could destroy the value of the currency. The privacy of Zcash makes inflation exploits _far_ more dangerous.
$MSTR hate is insane.
Its a BTC wrapper for big money wanting no publicity.
Extra leverage w lowest yield margin source via STRC. It will trade close to SOFR.
Big Value Add.