/biz/ - Business & Finance

>>55283866

Why would anybody want to swap their fully fungible, guaranteed pristine coins for non-fungible, potentially tainted coins?

>>30362977
>meaning they will have the privacy of monero

NOT. GOING. TO. EVER. HAPPEN.

>Bitcoin Will Never Be Truly Private Says Andreas Antonopoulos

In a livestream Q&A on Antonopoulos’ YouTube channel on July 7, he said Bitcoin (BTC) was unlikely to ever implement privacy features similar to those used by Monero (XMR).

Antonopoulos said creating such features on a cryptocurrency like BTC “would create an enormous amount of controversy.” In addition, he said the structure of Bitcoin simply doesn’t allow ring signatures and stealth addresses.

“I think what we’re going to see soon is Schnorr, Taproot, and Tapscript, which open the door to a lot of improvements,” Antonopoulos said, “But they still do not involve zero-knowledge proofs or the types of ring signatures and stealth addresses that are done in Monero. Bitcoin is not a privacy coin.”

Bitcoin can be better thought of as pseudonymous rather than fully anonymous, as many transactions on the BTC blockchain can still be traced even with these privacy improvements.

https://cointelegraph.com/news/bitcoin-will-never-be-truly-private-says-andreas-antonopoulos

>>30346711
>if one wants, they can easily avoid taxes with Bitcoin

>>30299945
>untainted coins are perfectly fungible each and every one of them will get you the same price.

Actually, you can sell freshly mined coins at a 20% premium in some places.

>What is ‘virgin Bitcoin’ and why are people paying 20% extra for it?

"Some are now turning to ‘virgin Bitcoin’, paying a 10% to 30% premium for ‘clean’, often freshly mined, Bitcoin."

https://micky.com.au/what-is-virgin-bitcoin-and-why-are-people-paying-20-extra-for-it/

So, 1 BTC doesn't always = 1 BTC.

>>30234570
>Although I wonder if BTC can overcome its technical limitations.

Not likely.

>Bitcoin Will Never Be Truly Private Says Andreas Antonopoulos

In a livestream Q&A on Antonopoulos’ YouTube channel on July 7, he said Bitcoin (BTC) was unlikely to ever implement privacy features similar to those used by Monero (XMR).

Antonopoulos said creating such features on a cryptocurrency like BTC “would create an enormous amount of controversy.” In addition, he said the structure of Bitcoin simply doesn’t allow ring signatures and stealth addresses.

“I think what we’re going to see soon is Schnorr, Taproot, and Tapscript, which open the door to a lot of improvements,” Antonopoulos said, “But they still do not involve zero-knowledge proofs or the types of ring signatures and stealth addresses that are done in Monero. Bitcoin is not a privacy coin.”

Bitcoin can be better thought of as pseudonymous rather than fully anonymous, as many transactions on the BTC blockchain can still be traced even with these privacy improvements.

https://cointelegraph.com/news/bitcoin-will-never-be-truly-private-says-andreas-antonopoulos

>>30151806
>Why is everyone oblivious to the fact that Bitcoin cannot work as a currency?

They retconned its use case, its going to replace gold now.