Replies (5)

That's not true. Monero outperformed Bitcoin (in fiat terms - whatever that means lol) YTD last year last 2 years last 5 years last 10 years since creation.
Naruto's avatar
Naruto 3 days ago
Many people wanted to see privacy tech implemented in Bitcoin's base layer, Monero people included. Liquid was presented as an alternative: "we don't need privacy on the base layer and we sure as shit don't need Monero, we can have privacy in our federated sidechain instead." It's another Bitcoin maxi product built for Bitcoin maxis who want to avoid Monero. As a result, by pushing privacy out to a separate layer, code quality suffered and the protocol got hacked. Liquid is absolutely relevant to Monero. It's ignoring history to assume it isn't.
Naruto's avatar
Naruto 3 days ago
It's ALSO relevant because many prominent Bitcoin people used this as an opportunity to dunk on Monero. "This is why we don't have privacy on the base layer." That point completely misses the mark in understanding what went wrong. People who had a favorable opinion of Liquid should understand why and how Monero is superior to Liquid.
โ†‘