- 29 Posts
- 84 Comments
7·16 days agoJust visit congress.gov and you have your list.
Yes, I do agree that once it become popular they will most likely start flagging it. Hopefully by then we will have smart contract level schemes that can break links between coins without detection. I still use Monero but recently have realized it cannot gain world level adoption due to many factors.
Things like this are the future of blockchain privacy
EIP-7503: Zero-knowledge Wormholes for Private Ethereum Transactions
and will also be possible on Bitcoin Cash as ETH or any other EVM style chain cannot serve as a world level currency
What is the BCH VELMA Upgrade? (VM Limits 2025) - https://odysee.com/@CashDragon:6/What-is-the-BCH-VELMA-Upgrade:b
I do not think they care about regulating it. What they do not want is for it to become widely adopted. Removing it from all exchanges will effectively prevent mass adoption.
This is why Bitcoin Cash is the better way to go for mass adoption of crypto. It is on all exchanges and you can get close to Monero level privacy with it using CashFusion via ToR.
It also scales much better than Monero as the stress tests (https://monero.town/post/3601453) have shown Monero fails at around 500k TX per day. The nodes just cannot handle it and this is likely an architectural shortcoming with no easy solution. BCH has been tested up to 10 million with no issues and can likely do much more.
https://retoswap.com/ is the functioning instance of Haveno DEX. The main project does not run a live network.
The combinations are close to infinite. It would take enormous resources to get even close to likelihood of identifying correlations.
For the average person it is more than enough privacy. Given the other benefits of BCH it is just the better choice for mass adoption. There will always be a niche use case for Monero but it cannot serve as the world’s money, IMO.
I set up basicswap dex but the XMR/BCH liquidity is pretty low there. Do you know which coins on there have the highest volume? It would be nice if you could see the whole order book and not only the coins you have enabled.
So has there been another stress test where TX volume reached higher than 500k? I am not aware of any fixes that have been made to fix the TX propagation and block sync failures that happened on the stressnet when volume went over ~300k.
I have a feeling the current Monero node implementation is at its life’s end that is why the Rust node work has been started.
Recent stress tests showed Monero was struggling at 300-500k TX/day with nodes falling behind and wallets failing. BCH has been tested to 10 million.
Then you have the issue of having to keep the whole chain forever, with BCH all you need is the UTXO set really, which is < 10GB
I am not hating on Monero and I hope the issues can be solved, but I am taking the safer bet on Bitcoin Cash.
the entire network always relies on anonymous TXOs instead of using them only when they are needed for anonymous transactions.
But if the entire network is not that large then it will not help that much. Monero’s mass adoption potential is limited by many factors such as scalability, reputation, UX, and fiat on-ramp access. If your goal is world level adoption then BCH’s approach is the better choice, IMO.
The bigger the bank the more they can ML. The fines are to pay off the biggest mafia in town to leave them alone. It has nothing to do with stopping crime and everything to do with surveillance and data collection.
If you are a giant bank you can ML all you want. AML is a useless scam and a violation of basic rights of individuals to transact privately. It is big brother’s attempt to monitor capital flows.
Every top 10 bank fined as £150 billion laundered annually
https://trilateral-it.com/every-top-10-bank-fined-as-150-billion-laundered-annually/
I did not present a figure of 2 specifically. The point is Monero is more vulnerable than previously believed but still this is likely irrelevant to casual users as no one will put so much effort into mass tracing anyway. Given this logic, for the vast majority of users Bitcoin Cash with CashFusion is private enough IMO.
Using standard statistical methods, that ring size of 16 shrinks to an average of 4.2, slashing Monero’s privacy by about 75% compared to what was previously assumed.
It does not have to be like Monero to give you a similar level of privacy.
Good to see they are starting to come around. There is no future for fiat money in the digital age.
I hope they add Bitcoin Cash because the fees on BTC and ETH are too high.
You will be waiting for a long time, similar to those in the 50’s that were waiting for the big power grid collapse.
Well the comment did not make sense, since the post has nothing to do with BTC. It looked to me like they were confused.
11·2 months agoAfter a detailed examination of the situation the author is proposing Bitcoin Cash as a solution to this type of issue. The UTXO model is far superior in terms of security over ETH’s account based model.
Yes, very much so. The community has been shipping amazing upgrades the past few years. You do not hear much about it because the majority of influencers and promoters are busy shilling corporate projects and getting paid, but Bitcoin Cash is a decentralized community run project so it does not shell out millions for promotions.
BCH is set to dominate in the coming years as it is the chain with advanced features and world scale capability. Plus it has the Bitcoin brand since it is actually the real Bitcoin.
Bitcoin Cash Upgrade History
The cypherpunk dream is still alive in Bitcoin it is now just called Bitcoin Cash, the blockchain that can scale to world level adoption.
Ethereum: The Root of the $1.5 Billion Bybit Exploit
https://read.cash/@Adeilton_Filho/ethereum-the-root-of-the-15-billion-bybit-exploit-0ccee765
Looks like it’s time for us to step up and fund what we like and use.