onthephone on nostr

Open in Damus

“Monero has assumed the role that Bitcoin once hinted at in its earliest days: private, peer-to-peer electronic cash.” https://mises.org/mises-wire/privacy-and-fungibility-forgotten-virtues-sound-...

onthephone @onthephone 1751815537

I don't think privacy was ever a primary intention of bitcoin, actually the opposite. One of it's key features is / was the public blockchain.

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Aethernal McAwesome · 32w

It was a proof of concept. Developers didn't think much about it at that time.

Papa Figos · 32w

This is often misunderstood. Public blockchain as in "anyone can audit it " aka no "trust me bro". Monero is a public blockchain too, except it's opaque. It can still be verified just the same, at the cost of more computation and with the slightly added risk of there potentially being a bug in cri...