The largest #bitcoin known holder (Saylor/MSTR) is anti-Medium of Exchange.

We're going to make it a MoE anyway.
Are you prepared for over 1% of the supply to be dumped on the market causing a 90% fiat price drop? I am.

We need to shake all these Wallstreet suit retards off.


I would fucking love that, then I could actually stack😂😂😂😂


You think it will really happen and we can come out the other side un-murdered?


pick advantageous spots 4 battle


Bring it!


We’ll reanimate ourselves 🧟♂


Learning CPR rn https://i.nostr.build/WGkgY.gif


A 90% dump means BTC at 6k.

The thing about Monero is, that we are already through this. There is no one left in centralized third parties to dump it. Any sell off in BTC will increase the ratio between XMR and BTC.

Anyone demanding privacy in a world without privacy will increase the ratio against Eurodollar and CBDC.


If Monero has been able to make it, Bitcoin can survive this phase, too.

You need a hardened core of knowlegable people to fight the fiat system. Not some fiat gamblers that Bitcoin attracted since 2017.

At this point I think Monero has a better position than Monero. Not so much waste.


Sure. I am replying for those who read your posts.

I know that you know.


Genuine question from someone who doesn't know much about monero

I thought that it was 100% private in that you can't track any transactions or know how much someone is holding. So how can you make the statement that there aren't any centralised monero holders that can dump 🤔


I hope that MF dumps hard and all his soggy eyed, pseudo intellectual boot lickers go with him.


Rules, not rulers!


Bitcoin will survive either way ......it's a matter of it's cucked or not.


But seriously, monaros live in a parallel fluffy bunny universe


It's not gonna happen... The fed can't keep hiking when their cash cow, bonds, become liabilities. This is the situation and MMT loons are about to do Pikachu.jpg


Yes yes, but it's nice to dream 😍


:chadyes:


CEX and other custodians hold coins for their customers. Though some are running fractional reserves.

As almost all CEX have already delisted Monero ore are going to do so soon means that all coins are held in self-custodial wallets.

Monero is not advertised as an investment. Although there may be still a couple of OGs left with big stacks it's all self-custodial. So ideally no way for government to extract any further value from it through taxes like with KYC BTC that need to get sold against the corresponding USD value when using it or exchanging for fiat.

Monero has almost zero downside from here. Which ironically makes it a perfect store of value, despite not being a good investment.


I respect Monero, but I’m not here for altruism. How can you expect people to HODL a coin that keeps losing purchasing power year after year? It doesn’t even keep up with inflation.


Freedom/privacy has value. It's not altruism.

And I doubt Monero will behaving as lame and "under control" as it did for the last 6 years.

It's about time to show its nasty side. Which means going back to 2010 BTC, but this time with decentralised infrastructure so it can not be taken down or brought back under control by uncle Sam.


Whether you agree with Saylor or not. He’s obviously understands the different stages money goes through and knows MoE comes after SoV. If I was a tech billionaire with ties to Wall Street I would play the exact same cards Saylor is currently playing. We must remember we haven’t won yet.


I’m rooting for you guys but personally I’m not a risk taker. In the long run Monero can never outperform bitcoin. So the best bet is just buy bitcoin and swap into Monero when needed.


Why would he sell?


The same reason Roger Ver sold, he didn't like where things were headed.


He understands fuck all and produces nothing of value. Wake up and stop eating his podcast philosophical austrian economics bullshit.


He’s not anti-MOE. He just knows there’s a correct order to things.


The largest #bitcoin known holder (Saylor/MSTR) is anti-Medium of Exchange.

We're going to make it a MoE anyway.
Are you prepared for over 1% of the supply to be dumped on the market causing a 90% fiat price drop? I am.

We need to shake all these Wallstreet suit retards off.


If I had all that dosh I’d buy myself some skin products.


Sounds like you got some stuff to work out. 😅👍


foss


Definitely prepared, MOE all the way, but it’s all about incentives.

What is the incentive for Saylor to sell off MSTR corporate treasury, which would be diminishing in value with each traunch of sale, certainly at a loss?

They also have future debt that requires ever growing billions in collateral.

It would be a a financial kamikaze mission that would also have Saylor and MSTR in shareholder/SEC litigation for years.

Never mind the fact that the first inside whisper of a sizable bitcoin sale would have institutional selling of the stock, as far-and-away its main use case is a levered bitcoin security play.


Saylor is a BitcoinBug - he’s in it for NGU.

Bitcoiners are in it for separation of money and state.

Join me in delineating the two. Setting the frame away from Bugs’ control.

nostr:note144au605mp6kvgsknnvuxk7stl0yyx0mrjzqhphj2ug94tusgaapsq46a9m


You mean this order? https://en.m.wikipedia.org/wiki/Embrace,_extend,_and_extinguish


I vote no cuck for what it’s worth.


I agree with everything you said about Saylor (and I make it extensive to elements like Dorsey, Kaiser etc). Bad actors.

I also happen to agree with Saylor that BTC is (perfect) store of value/property and not useful as a currency. It's perfectly compatible (a requirement I would say) with the objective of separating State and money, because money is store of value first and foremost.

Gotta say though, I arrived at that conclusion by myself and before Saylor did, so there's that and I suppose that means I don't really "agree with Saylor".


He produces circa 500m income, annually, from customers, I assume, who value what he sells ?
He’s onboarded more people with his explanations and intelligence than any other participant bar Andreas since 2020.
Your aggressive stance towards him and those that appreciate his podcast appearances/ explanations isn’t going to help move Bitcoin forward.
You should try adding something rather than just shouting criticism - or is that too much effort?


This level of dick riding is just sad


Gotta adore natural talents


Not at all. None of what I said was ‘dick riding’ Everything i said is factually correct.
Let’s agree to disagree


:funkycat:


90%...What is that a dip for ants?


https://image.nostr.build/3d7a8b836098ef9b09f31bf7510fe0ca0fa8859b5f8b263dceeb42dfb2a497c8.jpg
https://image.nostr.build/ccf181ed168942446d16535fa01942fcb9f471b7b689c9d9f8d12839df0b629c.jpg


How does a 90% price drop make it a medium of exchange?


I don’t get your point? How can money ever be used as MoE when people don’t use it as a UoA? They use dollars as the unit of account and then convert that into sats to get the price. Unit of account can only be had after we have dethroned the dollar. This can only be accomplished after sucking all of the monetary value out of the system.


MoE comes before SoV according to the Mises/Menger

Not that I care about the theoretical, but the SoV > MoE crowd are "austrian econ" fanbois as well. That's why I brought up Mises/Menger. If you're not, then yea this won't be persuasive. But in that case, I'm curious where are you getting the idea that SoV comes before MoE from?


I outlined it above, it only makes sense. Humans have a tendency to get rid of the weakest moneys. If you were in Africa a couple centuries ago and had the option to trade with glass beads, which would lose all its value in the near future, or gold. Which would you choose?
Same thing applies today. Why trade in Bitcoin if you hold fiat. Only once everyone saves in bitcoin and it sucks up the monetary premium laying around in real estate, gold etc and the price stabilises, then it should be used as MoE. It’s only justifiable to spend bitcoin if you earn in bitcoin and hold no fiat.


We are going through the monetisation of bitcoin. So we are incentivised right now just to save in it and ride the wave. Spending now has a Huuuuuge opportunity cost.