Joshua Zader If a Bitcoin layer 2 privacy tech similar to Monero is...
· Comment — Archer T. Ships replied to his own comment. · View on Facebook · Markdown source
Joshua Zader If a Bitcoin layer 2 privacy tech similar to Monero is developed, then governments will apply similar regulatory pressure to this layer 2 as they've applied to Monero (see Tornado Cash, Samourai wallet). And if the layer 2 can't be banned without banning Bitcoin, then Bitcoin itself will be banned. And until such a second layer is developed, you will have to swap your Bitcoin into Monero first anyway (if you want to spend your money privately without fear of censorship). So why not cut out the middle coin? I want to live in a circular economy where people are both paid and spend with a private, censorship resistant, inflation proof money. Where privacy tech is so pervasive that governments have largely given up trying to suppress it (as they have with privacy protecting communication tech). That won't happen until enough people bite the bullet, and stop trying to build Rube Goldberg privacy tech on top of a centralized, spycoin like Bitcoin and instead switch to cryptos that are designed from the ground up to protect privacy, such as Monero