I started with Bitcoin early, and then I actually got off it and went to Monero, because the fungibility isn't there and the whole thing is completely transparent. People still talk about it like it's private, or like one coin spends the same as any other, and that expectation is the part I have a real problem with. If someone can flag the coins for where they've been, they are not the same money, and telling people to just never touch fiat doesn't fix it, because almost everyone still has to.
The Lightning part is the same problem. It can quiet the sender, and then the version a normal person can run usually means someone else is holding it or seeing the spend, so the custody gets traded away to paper over a public ledger.
I don't think Bitcoin grows into cash, because cash doesn't care where the bill was and Bitcoin does, so I stopped waiting on it. Monero was the one that didn't ask me to pretend.
agree. “just never touch fiat” is not an answer. and if someone can flag the coin for where it has been, it is not the same money. lightning just trades the snitch for a babysitter. that is why monero is the only real crypto-currency.
Yeah, this is basically why I left.
I started with Bitcoin early, and then I actually got off it and went to Monero, because the fungibility isn't there and the whole thing is completely transparent. People still talk about it like it's private, or like one coin spends the same as any other, and that expectation is the part I have a real problem with. If someone can flag the coins for where they've been, they are not the same money, and telling people to just never touch fiat doesn't fix it, because almost everyone still has to.
The Lightning part is the same problem. It can quiet the sender, and then the version a normal person can run usually means someone else is holding it or seeing the spend, so the custody gets traded away to paper over a public ledger.
I don't think Bitcoin grows into cash, because cash doesn't care where the bill was and Bitcoin does, so I stopped waiting on it. Monero was the one that didn't ask me to pretend.