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I value this meme at eleventy billion and won't take a cent less (lemmy.world)

submitted 1 year ago by [email protected] to c/[email protected]

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[–] [email protected] 1 points 1 year ago (1 children)

Onion routing (like Tor) is the default for the Lightning Network. Every crypto that supports it already has private payments, including Bitcoin.

There's no way to validate the total supply of Monero. So if it ever has a supply bug (like Bitcoin's value overflow incident), then it won't be detected and patched.

[–] [email protected] 1 points 11 months ago (2 children)

Monero has mechanisms for validating supply:

https://m.youtube.com/watch?v=vW9H6VIONWM&t=174s

If you're going to repeat this argument ad nauseam then at least don't do it in a misleading absolutist way.

[–] [email protected] 1 points 11 months ago* (last edited 11 months ago)

I don't 100% disagree with him. Like he said, it is an additional risk. Assuming no supply bugs, you can validate what is published.

I just disagree with him that it's "near zero probability". This already did happen with Bitcoin and we only caught it because we weren't assuming zero supply bugs. Bugs happen and we're talking about the future money supply for all humans.

Edit to add: and BTW it's not just cryptography bugs (rare), but anything related to validation (like value overflow)

[–] [email protected] 1 points 11 months ago

Here is an alternative Piped link(s):

https://m.piped.video/watch?v=vW9H6VIONWM&t=174s

Piped is a privacy-respecting open-source alternative frontend to YouTube.

I'm open-source; check me out at GitHub.