Re:What does HN think about Bitcoin and other cryptocurrencies?
by fuckcensorship on Saturday April 30, 2022 @09:49AM
(#31216066)
Monero is what Bitcoin was supposed to be.
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Re:What does HN think about Bitcoin and other cryptocurrencies?
by randomhodler84 on Saturday April 30, 2022 @01:20PM
(#31217536)
I don’t know if I would agree — I think monero is what people thought Bitcoin should be; however Satoshi spoke of psuedonymity and transparency.
Don’t get me wrong, monero is an awesome protocol pushing ahead with some great constructions but it is highly experimental. The low order group bug, and the recent bulletproofs frozen vuln demonstrates that a zero-knowledge system is very fragile. Bitcoin is very robust.
Re:What does HN think about Bitcoin and other cryptocurrencies?
by tromp on Saturday April 30, 2022 @01:33PM
(#31217626)
It's not. Bitcoin was supposed to have a capped and fully auditable supply, to take 4 years to emit half the supply (Monero emitted 40% in the first year alone), to have a simple and instantly verifiable PoW, to have a UTXO set that's a small fraction of all TXOs (crucial for scalability), and to be scriptable, just to name a few.
Re:What does HN think about Bitcoin and other cryptocurrencies?
by randomhodler84 on Saturday April 30, 2022 @01:46PM
(#31217748)
Agree. But I would add It’s a critical tech, and a checkpoint in current and future constructions like Grin and MW.
I wouldn’t store my wealth in it; but it is extremely useful tech that will not disappear — it’s experimentation with social and economic models on hashing as you have done with CC, for which the world has not fully appreciated yet!