SaberhagenTheNameless on Nostr: Most of Monero downsides can be side-stepped by simply using Bitcoin as savings, ...
Most of Monero downsides can be side-stepped by simply using Bitcoin as savings, Monero as spending
Bitcoins only real contender to Moneros privacy so far are Ecash/Fedimints. But these are both custodial and mints can arbitrarily print unbacked tokens. You gain strong privacy but give away both foundational pillars of Bitcoin in the process (freedom from seigniorage and censorship/confiscation)
You can keep both and still have strong privacy with Monero
Published at
2024-01-16 01:47:59Event JSON
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"content": "Most of Monero downsides can be side-stepped by simply using Bitcoin as savings, Monero as spending\n\nBitcoins only real contender to Moneros privacy so far are Ecash/Fedimints. But these are both custodial and mints can arbitrarily print unbacked tokens. You gain strong privacy but give away both foundational pillars of Bitcoin in the process (freedom from seigniorage and censorship/confiscation)\n\nYou can keep both and still have strong privacy with Monero\n\n\n\n\n",
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