Definitely sound advice but this isn't to say dump BTC and move to Monero, far from it. The question for me is 1) Is there time to address the L2 privacy to be hard enough to resist state attacks? When there is already a private enough solution 2) Why can't we use both if what we truly want is freedom and privacy and these coins are tools to achieve that end not the end themselves?
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I used to think this. Problem is, We are using more than "both" and it is putting btc and new adoptors at odds with each other. There are dozens and dozens of "improved" or even "programable" cryptos that all my offer improved this, or improved that.
People can do whatever they want, but my opinion is that we take the best one, BTC and layer 2 the issues away.
I also think that this is the GTO "game theory optimal" option that will ultimately win over the big money because that's how they think.
🌻
There are dozens and dozens of "improved" or even "programable" cryptos that all my offer improved this, or improved that.
I don’t know enough about Monero to weigh in.
I stopped studying alt coins years ago because they are a distraction to what (I think) is inevitable.
Won’t surprise me if one or two dozen alt coins are always around showing us what L2 should have done, or to do next.
-Its just not going to be my focus or where my energy goes. Im totally okay with people doing that though. If you’re right, I’ll say I was wrong and congratulate you on your gains. 🍻
I understand your pov and it does make sense. My concern is state level attacks that will make privacy or developing privacy software illegal (think samurai). Given the legislative attacks being targeted at BTC in the name of "regulation", most of which compromise privacy, will a Pvt L2 make a difference if you're buying coins from an exchange that is using chainalysis voodoo to track your coins? Cash is actually more private than BTC at this stage, another reason they're going after it. Do you know of any promising L2s?
I am also uneducated on Monero and hence why I am also putting the question out there, because a war on privacy is coming. I want to defend my freedom in every way possible. Onwards 🤝🫡
I have some Monero because like a wise man said:
It might make sense just to get some in case it catches on