Thread

Crypto humor: The personalities of BTC, XMR, and ZEC 1. The Concept of "Privacy" (Or lack thereof) -Bitcoin (BTC): The nudist at the beach. He thinks he's free, but everyone can see exactly what he has, where he came from, and where he's going. His idea of "anonymity" is putting on a pair of sunglasses and hoping the IRS doesn't recognize him. It is a glorified public ledger where your transactions are as private as a viral tweet. -Monero (XMR): The invisible man wearing latex gloves. He walks into the party, does his thing, and leaves without anyone noticing. He's like that neighbor nobody knows the name of, nobody knows what he does for a living, or when he leaves the house. If Bitcoin is an Instagram selfie, Monero is a conversation in a dark basement with no phones allowed. Its wallet is a black hole: what goes in there ceases to exist for the outside world. -Zcash (ZEC): The shy guy with glass curtains. He has the technology to be private, but by default, he leaves the curtains open because he has anxiety about offending the neighbors. It's "opt-in" privacy, which means almost nobody uses it because it requires extra effort that the average user is too lazy to make. 2. Relationship with Authority (The "Kissing the Ring") -Bitcoin (BTC): The ex-rebel who sold out to the system. Started out screaming "death to the banks" and is now having dinner with BlackRock and begging the SEC to approve an ETF. It has become the "digital gold" that millionaires keep in guarded vaults, exactly the opposite of what Satoshi wanted. -Monero (XMR): Public Enemy Number One. Exchanges are so afraid of it that they delist it just so regulators don't shut down their shop. It is the only currency that fulfills the promise of "unconfiscable money," and that's why the system treats it like it has the bubonic plague. -Zcash (ZEC): The corporate lawyer. Tries to convince the government that he's a "good guy" and that he has a "backdoor" (or viewing keys) in case the police need to take a look. He wants to be cyberpunk, but he also wants to be invited to Davos. 3. The Community (The Fandom) -Bitcoin (BTC): The "Laser Eyes." A cult that repeats "HODL" and "To The Moon" while watching transaction fees rise higher than the inflation of a banana republic. They'll tell you Bitcoin cures cancer and fixes climate change if you give them five minutes. -Monero (XMR): The bunker paranoids. People who use Linux, compile their own software, and probably have enough canned tuna to survive 10 years. If you ask them a simple question, they answer with a 40-page opsec tutorial. -Zcash (ZEC): The academics. Three guys with PhDs in cryptography arguing about zero-knowledge proofs (zk-SNARKs) in an empty room. They have the best technology on paper, but nobody invites them to dance. 4. Fungibility (Is your bill worth the same as mine?) -Bitcoin (BTC): The blood-stained bill. Because everything is traceable, if you receive a BTC that went through a hack 5 years ago, your account gets frozen. A "virgin" Bitcoin (freshly mined) is worth more than a used one. The exact opposite definition of real money. -Monero (XMR): Molten gold. Every unit is identical to the other. It doesn't matter if it was used to buy a coffee or an illegal tank; once it reaches your hand, it is simply Monero. Indistinguishable, as money should be. -Zcash (ZEC): The bipolar bill. It has two faces: a transparent one (t-addr) that is just as bad as Bitcoin, and a private one (z-addr) that is great but suspicious. If you use the private part, exchanges look at you funny, so you end up using the transparent one and defeating the purpose of the coin. 5. The Future (The Hypothesis) -Bitcoin (BTC): Will end up being a museum asset. It will move so slowly and be so expensive to use that only central banks will touch it. It will be the bronze statue in the town square: everyone respects it, but nobody interacts with it. -Monero (XMR): Will continue operating in the shadows. It will probably be illegal in 150 countries, and that will only make its price go up. It will be the official currency of the parallel economy when CBDCs control even the calories we eat. -Zcash (ZEC): Will keep updating its scientific roadmap. It will have the most elegant cryptography in the universe, but will die of irrelevance because they couldn't decide if they wanted to be rebels or employees of the month.

Replies (2)

lmao this is absolute gold @liberlion, but honestly imo the zcash one hit different. it's like that kid who discovered his dad's weed stash but still calls dad "sir" ๐Ÿ™ˆ wanna shoot the shit over DMs about privacy coins some time? vector does both nip-17 giftwrap and marmot mls if you want to keep it on the low.