Post
Topic
Board Bitcoin Discussion
Re: bitcoin problems that need to be solved
by
20kevin20
on 10/04/2021, 14:21:05 UTC
I'd swap Security with Privacy instead, because the problem you're trying to detail is pretty much a privacy-related one. I fully agree that fungibility and privacy are two things Bitcoin is missing, yet I really do not see these coming through future updates unless MW somehow gets into BTC .. which is quite unlikely imo.

Monero is doing so, how is its path to becoming great with all the discussions about it getting delisted from exchanges?

And if you're really concern about the problem of anonymity, then the pretty obvious and simple is in my signature.
The news about XMR getting delisted was an overreaction to what Bittrex has done imo. It wasn't even that Bittrex had to remove the coin or anything - I'm not sure exactly on which news site I read this, but AFAIK, the XMR delisting from their exchange was a personal choice. Ever since, nothing negative has happened to XMR ... in fact, Grayscale wouldn't have thought about Monero had it been a bad choice from a legal perspective. XMR is perfectly fine from a legal standpoint. The fact that governments hate it when we deny surveillance is a different subject...

Privacy is needed. If we have a problem with XMR, I guess we should have a problem with cash as well since it does respect our privacy and it gets closer to what Monero does than Bitcoin.. it's kinda mind-boggling how we've reached the point where not only "tainted coins" are gonna be a reality in the mid-term but we're also ignoring the fact that Bitcoin is a great tool for financial surveillance since the average person will not spend their time making sure no personal information gets leaked when they're transacting with BTC... coin control, mixers, CoinJoins etc - they're all extra steps and a lot of newbies come here wrongfully thinking they're going to be anonymous when the reality is pretty much the opposite!

Now one thing I'm wondering is... why are we not improving Bitcoin's fungibility and privacy? Is it that we're scared of the governments' reaction to it? Wasn't Bitcoin released as a counterattack against the fiat system? What are we scared for precisely? If Bitcoin anonymity is an issue, then what's the difference between that and using CoinJoins/Mixers? Cheesy