this post was submitted on 04 Aug 2024
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Short reminder that Bitcoin was created as a reaction on the world finance crisis and to allow people like Assange to receive donations, because PayPal and similar just blocked them...
That does not mean that Botcoin is perfect, but: If the alternative system was perfect, there was not bitcoin.
Now, do we need an emoji? I don't care TBH..
Bitcoin is terrible for that though. High transaction fees, slow transaction speeds, everyone can see your balances and transactions (and with KYC requirements it's very easy to link a wallet and a coin to a person).
Monero is the only digital currency worth having.
Monero is great. Except for the fact that when the dev team dislikes what miners are doing, they introduce a new arbitrary rule, and everyone just goes with it. Having a process to introduce such changes unilaterally is a bug that needs to be fixed first.
Also, there's a lightning network which allows you to transact bitcoin fast and cheap. Although the privacy aspect is still not solved there.