People running public fulcrum servers are real troopers.
How do fulcrum nodes get listed in electron cash wallet?
Right on! ๐ You have a great attitude.
If Bitcoin Cash can develop fully private transactions, even if it is with a private token, while maintaining massive scalability and DeFi functionality that would be great. For those in love with layer 1 privacy Monero is the way to go.
I does not need to be "all private". You mint a private token and transact 100% privately, then if you want you can burn the token and go back to public. If you stay in the private token then it would be 100% private.
We will see how it all develops. This post is just to inform the Monero community about what will be possible in the near future.
Moneroโs weakest part of privacy gets fixed probably around end of the year
Unlikely, I think FCMP is still 1-2 years away from launch. Either way it will not solve the fundamental scaling flaws.
If Monero grows and there are 300k daily tx and a spammer comes in with 300k daily tx (as they have done already) Monero will come to a halt. If they can keep it up for a month or 2 Monero is done.
Bitcoin cash has had 500k tx spikes and no one even noticed. BCH has been tested up to 10 million tx per day. All the privacy in the world is useless if you cannot transact. Thus scalability is more important than privacy.
BCH needs more users so TX volume can sustain the chain, Monero needs to fix the scaling flaw which appears to be fundamental to the underlying protocol. I am betting on BCH ๐
The quantum threat will be solved years before it is ever an issue. BCH will flip to whatever algo it needs to survive. There will be a transition period of years anyway where both algo's will be used. This is a non-issue.
Looks to me like you are trying to divert attention from the fact that BCH will replace Monero as a privacy coin so you are throwing everything + the kitchen sink into the argument.
Still, it highlighted Monero's inability to scale. The TX pool was large and cause issues with the whole network. Nodes were having problems syncing, and the attack was not even that big.
You will be able to buy BCH on any exchange in the world then mint a privacy token with no fees and use your BCH privately. Then burn the token and get your BCH back.
What this does is give you the best of all worlds. Access to massive liquidity as well as real privacy. It also allows you to participate in DeFi which you cannot do with Monero.
ASIC mining is a massive industry and keep Bitcoin extremely secure. Monero can be easily attacked with with1/2 of a large data center's computing power.
BCH does not need a tail emission because it will have millions of transactions per day sustaining the network because it will have all the features that everyone wants and needs.
BCH is not a copy of Bitcoin. BCH is Bitcoin. BTC is a fake which diverged from the original vision of e-cash into a banker pump toy.
Bitcoin Cash also has a dynamic block size. Monero's dynamic blocks failed during the last spam attack and proved ineffective.
Yes for now exchanging BCH for XMR is a good way to obtain strong privacy. In the future this may not be needed as privacy on BCH is developed.
Bitcoin Cash has already made EVM obsolete with advanced smart contracts. As ETH implodes the migration to BCH will be evident. THe same thing will happen for privacy.
More details will be forthcoming in the future.
The next BCH upgrade will allow for efficient cryptographic constructions within smart contracts. This will open the door for real private transactions.
What is the BCH VELMA Upgrade? (VM Limits 2025)
https://odysee.com/@CashDragon:6/What-is-the-BCH-VELMA-Upgrade:b
Looks like it's time for us to step up and fund what we like and use.
Just visit congress.gov and you have your list.
Yes, I do agree that once it become popular they will most likely start flagging it. Hopefully by then we will have smart contract level schemes that can break links between coins without detection. I still use Monero but recently have realized it cannot gain world level adoption due to many factors.
Things like this are the future of blockchain privacy
EIP-7503: Zero-knowledge Wormholes for Private Ethereum Transactions
and will also be possible on Bitcoin Cash as ETH or any other EVM style chain cannot serve as a world level currency
What is the BCH VELMA Upgrade? (VM Limits 2025) - https://odysee.com/@CashDragon:6/What-is-the-BCH-VELMA-Upgrade:b
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Cool, thanks for the info. ๐