There are many "hotspots" in the current Bitcoin design, that if you are not careful enough you may fall into prey's hands, you like to mention L2s but they are the biggest cluster of those for example, as we've seen Wallet of Satoshi even had to stop serving USA costumers, bitcoin mining as well has majority being regulated entities rather than rogue, independent, off-grid operations (https://bitcoinmagazine.com/culture/is-mining-censorship-a-threat-to-bitcoin), and then exchanges where people on-ramp and off-ramp into Bitcoin, which are custodial in nature, so you are right it really depends on incentive vs changing jurisdiction, but this is exactly the problem as there is little incentive for the upfront const and time the "little guy" needs to compete with the giants.
Monero does these things rights as, we still don't have L2s so I'll skip that, but mining being CPU only has shown significant resilience, with P2Pool growing in rank ever since its inception which is a pool designed with no centralized operators. The other point is getting delisted from custodial exchanges pushing users to hold their own keys and run P2P trading only in order to on-ramp and off-ramp, either using escrowed trading or new atomic swapping approaches. So we see that the incentives on Monero are rather different where not only you benefit but some times it is crucial to run your own infrastructure, never give out your custody of funds, and always go P2P.
But I also agree with agree with the freedom tech wolf in regulator-friendly sheep's clothing, but I think that Monero is the freedom tech and Bitcoin, and also its L2s, are the regulator-friendly sheep's clothing, and that you can use that to atomic swap into Monero and back and forth.
rafael_xmr / rafael ɱonero 🇧🇷
npub1sae…kuqh
2024-03-13 12:41:12
in reply to nevent1q…dsqm
Author Public Key
npub1saessfmtu5xwnwh60e0rwnj0e067npv6yxgc7d96algqqart056s5gkuqhPublished at
2024-03-13 12:41:12Event JSON
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