^ Wtf. Lol.
I tend to fall on the small block (at least for now) side of that argument, and believe bitcoin will find it's way in the end.
Montero does an interesting job of pointing to a lot of possible solutions though...
Yup and I tend to agree with the 'if you wanna scale, you should go off chain' argument. I think some Montereans would tend to agree too.
And generalizethis, Monero had its share of flaws too.
scale of testing != best implementation
The bug recently found underscores that even BTC, with its obvious limitations, isn't flawless or vetted enough. Also, there's the well-known fact, at least in this neck of the woods, that Bitcoin's aim to be an "eletronic cash" hasn't panned out.
If you had one job to do and couldn't do it, would you consider yourself the best?
The bug recently found underscores that even BTC, with its obvious limitations, isn't flawless or vetted enough. Also, there's the well-known fact, at least in this neck of the woods, that Bitcoin's aim to be an "eletronic cash" hasn't panned out.
If you had one job to do and couldn't do it, would you consider yourself the best?
I tend to fall on the small block (at least for now) side of that argument, and believe bitcoin will find it's way in the end.
Montero does an interesting job of pointing to a lot of possible solutions though...
Yup and I tend to agree with the 'if you wanna scale, you should go off chain' argument. I think some Montereans would tend to agree too.
And generalizethis, Monero had its share of flaws too.
But fungibility isn't one. I'm talking about the stated goal of being "electronic cash," which has been kick the can down the road problem for years with add on features that never address the issue head on. If anyone thinks that BTC will become cash in the next year, I'll take their bet.
This is an interesting discussion. Have you considered that fungibility could be pretty strong on layer 2? Granted this leaves us with a completely transparant base layer which presents it's own challenges.
This is actually at the crux why I believe Monero has a very unique value proposition. It is fundamentally something bitcoin may never be able to fundamentally be.
It's actually something BTC must not be cos if it goes that route (if it can) then it's value proposition as a transparent and accountable blockchain would be lost. I think there's value in everybody being able to audit and account everything with our own eyes than just trusting something to actually work (like Monero). Not saying it's a bad thing... As cAPSLOCK said, XMR has its own value proposition for a different class of people (good and bad).
Wait, regarding the bolded text, are you suggesting that Monero is not accountable? Because you can...
And regarding "fungible layer 2" argument, I want to respond in the form of a question... Let's just say we are talking about Bitcoin. What happens when the entire (>51%) Bitcoin economy goes off-chain? Better yet, would you be ok accepting a payment for a good/service you were selling, only to have to go back on-chain in order to exchange for fiat, and then you find out that your Coinbase account gets frozen because your coins are tainted in some way not suitable for them?
Opt-in transparency is the only logical solution for fungibility