9/07 ANDY HOFFMAN (CryptoGoldCentral.com): Bitcoin “Whale Alert” Movements Highlight How NOT Private And Fungible It Is – And Thus, Why MimbleWimble WILL Dramatically Succeed
Bitcoin is the most brilliant and world-changing invention of our lifetimes – matched ONLY by the internet itself. However, it is by no means perfect – and even diehard maximalists must understand it could be far more private, fungible, and scalable.
I hold a big BTC position because I believe its store of value leadership cannot be usurped (and also a big XRC position, because I view it as the ONLY altcoin with a viable, defensible, purpose-built, store-of-value use case).
However, I recognize Bitcoin’s technology is not cutting edge – compared to, for instance, MimbleWimble. In fact, I have ZERO doubt that had MimbleWimble been invented in 2008, Satoshi would have built Bitcoin on it – as it is VASTLY superior to current blockchain protocol.
Today, we saw a GLARING example of Bitcoin’s shortcomings, when it was discovered (quite routinely) that a $1 billion Bitcoin transaction occurred – at a specific exchange, given how easily “Chainalysis” is conducted. In other words, baring to the world how obviously NOT private and fungible BTC is, compared to what it COULD be.
https://twitter.com/Andy_Hoffman_CG/status/1170067753757134848
With MimbleWimble, NO ONE can track wallet addresses or transaction sizes – so “whale alerts” could not be issued; and large holders, and exchange movements, would be invisible.
MimbleWimble WILL be a MAJOR part of the not-too-distant crypto future…and soon-to-be-MainNet-launched MWC (on November 11th, with airdrop claims starting December 11th) will be BY FAR the most investable MimbleWimble coin.
Do NOT underestimate MimbleWimble’s impact – or the store-of-value properties the brilliant, visionary MWC devs instilled in it, to reward Bitcoin holders and enable speculation on the growth of the most revolutionary technology in cryptocurrency history.
The MWC airdrop registration ended July 19th, with MainNet launch tentatively scheduled for November 11th, 2019, and claims on December 11th, 2019. A total of 148,474 Bitcoin registered – roughly 1% of the entire BTC float - yielding an MWC/BTC ratio of roughly 40.41. For more information, please check out the MWC website, Discord room, Twitter feed, and Telegram Forum.