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Why is that bad? it’s done people deciding if they want excess holdings of Monero shouldnt base their confidence on a standing committee

0des 4y ago
It is not a standing committee, it was community funded research that produced privacy technology. "It" is never done.
- vmception 4y ago
  Tornado cash is good enough tbh Monero communities arrogance and in-grouping has segregated them just like they desired. That technology and user experience is an evolutionary dead end, it can exist and that has enough utility. But in the multichain world the user experience is better and the funding models are better, even gitcoin grants streamline development of projects.
  - 0des 4y ago
    Respectfully I disagree with this statement, on a conceptual, as well as factual level. >Tornado cash is good enough tbh I hold neither of these, but as someone with a significant amount of experience in the field, the facts are clear. "Good enough" is not an objective measurement of the binary quality of fungibility. Monero is fungible. Is this me saying everyone should go out and buy some Monero, no, it is me saying that when you consider the mechanics of the way these two scantly comparable technologies function, there is one clear winner because only one is fungible. I don't have a response to the social issues of those that use or perpetuate Monero adoption, just as I don't have a response to the social issues of those that use or perpetuate USD, or any other asset. It's not my business what other people do, and I don't feel associated by virtue of using the same utility. > That technology [ ... ] is an evolutionary dead end This will need a source.
    - tromp 4y ago
      > the binary quality of fungibility The fact that Monero has been growing the minimum ring size over time, as well as refining the decoy selection algorithm, shows that fungibility, in the sense of transaction graph obfuscation, is more of a spectrum.
    - vmception 4y ago
      Its good enough in user experience and storage, in fact far superior to Monero’s experience. When a user then wants fungibility the one time they want the state’s money and financial institution then they use Monero as a conduit.

0des 4y ago

It is not a standing committee, it was community funded research that produced privacy technology. "It" is never done.

vmception 4y ago
Tornado cash is good enough tbh Monero communities arrogance and in-grouping has segregated them just like they desired. That technology and user experience is an evolutionary dead end, it can exist and that has enough utility. But in the multichain world the user experience is better and the funding models are better, even gitcoin grants streamline development of projects.
- 0des 4y ago
  Respectfully I disagree with this statement, on a conceptual, as well as factual level. >Tornado cash is good enough tbh I hold neither of these, but as someone with a significant amount of experience in the field, the facts are clear. "Good enough" is not an objective measurement of the binary quality of fungibility. Monero is fungible. Is this me saying everyone should go out and buy some Monero, no, it is me saying that when you consider the mechanics of the way these two scantly comparable technologies function, there is one clear winner because only one is fungible. I don't have a response to the social issues of those that use or perpetuate Monero adoption, just as I don't have a response to the social issues of those that use or perpetuate USD, or any other asset. It's not my business what other people do, and I don't feel associated by virtue of using the same utility. > That technology [ ... ] is an evolutionary dead end This will need a source.
  - tromp 4y ago
    > the binary quality of fungibility The fact that Monero has been growing the minimum ring size over time, as well as refining the decoy selection algorithm, shows that fungibility, in the sense of transaction graph obfuscation, is more of a spectrum.
  - vmception 4y ago
    Its good enough in user experience and storage, in fact far superior to Monero’s experience. When a user then wants fungibility the one time they want the state’s money and financial institution then they use Monero as a conduit.