Reed on Nostr: There are trade offs to everything. Monero is not hard money and will therefore trend ...

There are trade offs to everything. Monero is not hard money and will therefore trend to zero against Bitcoin over time. Sure, a decent tool, but not something I would want to hold a large position for the longterm in a world where Bitcoin exists. Absolute privacy is the ideal, but it will mean nothing if your purchasing power can’t be protected. You have to start with hard money and then make it absolutely private, not the other way around.

The privacy of liquid will improve as adoption increases and more types of assets are issued on it. It’s still In its infancy. If it never gets a high adoption rate, then yes I would agree with you—the anon set is not large enough to offer any real privacy benefits. And in that world, we would still have whirlpool.

As for “permissioned”, it’s a multisig wallet that only needs one federation member to sign for a peg out. There are many exchanges like Sideswap that have this built in. The federation model I agree is not as trustless as on chain Bitcoin, but it’s far more trustless than using custodial lightning or, in the case of Monero, hardforking the project with relative frequency.

If your marketing strategy is to call everyone that disagrees with you a cuck or larp, good luck with that 😂. Maybe you can get some weak men who are insecure about their masculinity to jump the fence. And what a way to build a community.