Oddbean new post about login | logout Because there is no reason for monero in 99% of people.
99% of people have more reasons for monero than for bitcoin
Actually, that was my first thought as well.
False. 100% of people in the world can use a savings that increases in purchasing power and has a fixed supply. Monero has already failed, it has lost 90% of its value against Bitcoin since it peaked. And don't give me the 'save in bitcoin' crap. Nobody is going to do multiple swaps to buy something.
Monero is stable, 99% are better off in its stability that can also be used as money, untraceable, fungible and uncensorable digital money, than to buy and hold bitcoin and wait the price go up to sell
Lol. Keep telling yourself that. Stable in dollars? So it is losing value, amazing. There is no reason to just not use cash then, when 90% of daily vendors take USD cash, and less than .0001% take monero. Markets have spoken, move on. Was a good shot. No biggie
as the markets have spoken, governments and institutions buy and hold bitcoin, sovereign individuals use and transact monero, hence why one goes up like a stock and the other is stable like a currency every citizen of foreign nations values dollars more than their own native currency, but being able to hold monero knowing it's stable to the dollar is even better. It's easier to use than cash, international, border-less. its biggest project highlights like xmrbazaar, haveno and xmrchat, were only released this year. if less than .0001% use Monero now, imagine how well the markets will see it when usage skyrockets from here.
Monero is as dead as NFT my fren
bitcoin is the ordinals NFT chain my fren. everyone looking for sovereign money goes straight to Monero. read dread.
Well that is a simple bold faced lie
did you read dread?
Ummm, .0001% of the world is like 8k people....lol I have nothing against monero, but it won't be around in any kind of real world in 10, 20, 30 years from now. I own monero, have used it, have mined it. But I am just being real. Hell, Bitcoin is by far the most known, 1000x over monero, and it is tiny globally. Best of luck.
Monero is the only other coin that is still relevant 10 years after it was created. Bitcoin started at the darknet markets, why have the darknet markets kicked out bitcoin to focus only on discussing and transferring Monero? If it has captured the black markets (like bitcoin did in the past), it is indeed a sign that it will still be around, and even stronger, in 10, 20, 30 years.
I don't wish to participate in dark markets. Peace out bro.
then use fiat dollars, CBDC. Peace out
Yes, I spend fiat dollars every single day. There is no such thing as a US cbdc, and isn't legal under the constitution, nor the Fed act of 1913. Thanks for playing though
Whatever is used in dark markets is the best argument I don’t have a rebuttal for in my debates with myself. Whatever is really censorship resistant is being used in places where censorship has occurred. The Bitcoin maxi self own of pointing out dollars are used more frequently for illicit activity than Bitcoin is not an endorsement for Bitcoin as a currency. I know this but I have yet to act on it.
Most of the world lives from hand to mouth. That's why they ditched bitcoin for USDT. Even a fiat shitcoin gives them more utility than Bitcoin.
How are you getting Anonymous Layer 1 for your Lightning Channels then? You'd have to mix it with drug dealers and hackers, which degrades the value. But if you use Monero to at least get your setup going, then you can store your wealth in Bitcoin. So it's reverse, 99% of Bitcoiners would benefit from XMR, and only 1% are insane enough to urinate on the value of their own coins such that they would get seized on the KYC exchange
I don't care if my lightning channels, mixing partners, etc.. as re drug dealers and hackers. There are virtually zero issues anymore with exchanges taking on 'dirty' Bitcoin. As adoption increases, as flows and velocity of tax increase, it will matter even less However, even so, the incredible vast majority of Bitcoin is held by non-underground/illegal users. So I'm not sure what you are asking or your point is? There is no benefit to 99% of bitcoiners, as most keep it with an exchange, custodian, etc . But for self custodians, how does it help saving in Bitcoin, doing an atomic swap or other to monero, spending, and getting any change or other back via a swap.(Or all if a sale not a bit). The chance of the swap Bitcoin coming from monero swap not only doesn't decrease the 'dirty' coin, it also is likely much higher to be 'dirty'. So again, I don't get the purpose But to each their own.
Man, I wish you were right. Unfortunately, I have had bitcoin stolen from me by exchanges. I can’t get too deep into the details because it would doxx the situation. You are correct that 99% of bitcoiners keep it with the exchange or custodian, which defeats the purpose. It's supposed to be a circular economy, to replace dollars. Even popular maxi-nostr users say this