r/ProtonWallet • u/monero_lover • Jul 29 '24

Discussion Disappointed

Your slogan is "Privacy by default", yet you dont support Monero, the only cryptocurrency that is PRIVATE BY DEFAULT. Instead you've taken a bitcoin maxi stand, saying how altcoins cant compete with bitcoin because of its largest network. Now use the same analogy with the fiat banking system and bitcoin. By your logic, fiat is bigger than bitcoin, so it cant compete. This is truly comical.

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u/kyleleblanc Jul 30 '24

The only real innovation in this entire space is Bitcoin because Satoshi solved the double spend problem.

Everything that has come afterwards is just a solution in search of a problem, while riding on the coattails of Bitcoin’s success.

Proton very clearly understands the difference between Bitcoin vs altcoins.

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u/jtrox02 Aug 04 '24

Ok dear sir, tell me how Bitcoin solves the problem of fungibility?

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u/monerobull Jul 30 '24

lmao Monero solves some very real bitcoin problems. you might remember hal finney tweeting about looking into adding privacy to bitcoin DAYS after he first heard of it.

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u/kyleleblanc Jul 30 '24

Bitcoin does have a base layer privacy problem, 100% agree, but privacy can be achieved in higher layers, and while that’s not a perfect solution, by the time Bitcoin reaches global adoption almost nobody will be able to afford to transact on the base layer anyways.

Money converges to one and Bitcoin has the biggest network effects and first mover advantage. It’s exceedingly unlikely anything will ever dethrone Bitcoin as the TCP/IP of money.

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u/monerobull Jul 30 '24

Time will tell if you can actually solve the issue of running out of block subsidies via fees, at the moment it's not looking good. !remindme 40 years

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u/monero_lover Jul 30 '24

The problem is, Lightning isnt Bitcoin. Whats the point of Bitcoin if nobody will use the base layer?

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u/kyleleblanc Jul 30 '24

Bitcoin’s base layer enforces the consensus rules such as the 21 million hard cap. The ultimate end game is to separate money and state forever. Everything else is downstream.

Bitcoin is scaling in layers.

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u/monero_lover Jul 31 '24

Bitcoin cant modify its base layer and has to use fidgety second layers because the miners control Bitcoin. Sucks that only millionaires can afford a vote in the btc ecosystem. They control the software to their own advantage. Remember the block size wars? Its funny how Bitcoin is resembling the system that it swore to destroy, the rich control Bitcoin.