Oddbean new post about | logout
 No idea what you mean by it's value/utility comes from the "outside". The value and utility of strong default privacy, real world fungibility, and cheap transactions comes from something only Monero can provide.

Bitcoin is missing the above properties so is a terrible p2p digital *cash* and MoE.

The more you use it the poorer you get (this will continue to get worse with more adoption). https://monero-bitcoin-fees.vercel.app/

If you want to claim Bitcoin is a better p2p digital gold/commodity/SoV go ahead. But honestly, any future price prediction is pure speculation. You can limit supply, but you can never control the fickle demand side of the equation.

"managed and dictated from outside entities"
~99% of your nodes depend on Bitcoin Core software and Blockstream has massive influence. That's why it's pet shit projects like liquid and lightning get the greenlight while anything else interesting flounders.
https://luke.dashjr.org/programs/bitcoin/files/charts/software.html

The important part is the codebase is transparent and you have the ability to opt-out. If you ever don't agree the direction Monero is heading in you can sell, swap, or fork it at any moment and no one can stop you.