SaberhagenTheNameless on Nostr: Seems like a trilemma... Bitcoin: Self-custodial, NGU Monero: Self-custodial, Private ...
Seems like a trilemma...
Bitcoin: Self-custodial, NGU
Monero: Self-custodial, Private
Ecash: NGU, Private
Depends what you mean. If we assume the mint can be trusted...
Pro: Monero network is more resistant to direct physical attack from states considering node count and ubiquity of general purpose CPU mining.
Ecash is either a single mint operator, or a handful of people from a federation you can go after. Might be harder for a federation, but defnitely much easier than rounding up every single miner on Monero. You could try and reduce this vulnerability by having many mints, but that would be negative for anonymity set.
Con: Monero network is currently more vulnerable to a pure hash war VS the state.
This attack isn't possible with Ecash because no mining is involved, obviously...but it involves assuming the mint is and will always be trustworthy (wasn't the whole point of Bitcoin to remove or reduce trust?)
https://monero.fail/map
Bitcoin: Self-custodial, NGU
Monero: Self-custodial, Private
Ecash: NGU, Private
Depends what you mean. If we assume the mint can be trusted...
Pro: Monero network is more resistant to direct physical attack from states considering node count and ubiquity of general purpose CPU mining.
Ecash is either a single mint operator, or a handful of people from a federation you can go after. Might be harder for a federation, but defnitely much easier than rounding up every single miner on Monero. You could try and reduce this vulnerability by having many mints, but that would be negative for anonymity set.
Con: Monero network is currently more vulnerable to a pure hash war VS the state.
This attack isn't possible with Ecash because no mining is involved, obviously...but it involves assuming the mint is and will always be trustworthy (wasn't the whole point of Bitcoin to remove or reduce trust?)
https://monero.fail/map