Oddbean new post about login | logout Monero is the least shitty shitcoin. But I think it's a mistake for anyone to be buying & holding Monero because privacy problems are being solved on Bitcoin & I think Monero's scaling problems are worse, & the opportunity cost of holding anything but Bitcoin is really high.
If you want to send someone money anonymously, you can always use cashu. No need to support a shitcoin 🤷🏻♂️
Cashu is an IOU token that mints can covertly and arbitrarily print on demand (if that isn't a shitcoin then nothing is) It's not competing with self-custodial privacy coins like Monero
Cashu tradeoffs are known. You choose a mint you trust only (when you mint the ecash) and the receiver exchanges it for real money (Bitcoin) when they receive the nuts. If I receive monero I can get rugged i.e. 10% on the same day if I dont exchange the shitcoin for sats in the right moment due to monero being garbage and nobody wanting it. Monero holders cry in privacy tears about becoming poorer while publicly they shill the garbage to noobs. They cannot hodl monero because the longer they do the poorer they become. And the less people hodl it the more garbage it becomes. I give zero fucks if anyone uses cashu, you gonna cry your eyes out when I call your garbage coin a shitcoin. Self custodial rug pull enforcing shitcoin. HFSP https://i.nostr.build/dwM8Y.png
Ah yes...Trust. The thing cypherpunks and Satoshi were trying to introduce to money.
Everything has its tradeoffs. There’s no one perfect solution for everything you need money to do right, sure. We have incredible tools already to be self sovereign and have choice of levels of privacy and privacy rug pull resistance. Better tools are being build. We are spoiled af.
Ok? Just because you know the trade-offs doesn't mean that they magically disappear. You can say that about any shitcoin you don't like "We understand the trade-offs bro" so stupid With Ecash you can be rugged in three ways: 1) literal rug (refuse to redeem your tokens for Bitcoin), 2) mint prints tokens and your ecash becomes worthless 3) The market doesn't value ecash for goods/services from your mint (value becomes zero) Number 3 is the only one that can apply to Monero. But continue twisting your brain into a pretzel to justify something that is just another shitcoin you always rally against. Your IOUs are worth 0 BTC until you beg your daddy mint to redeem them. It's cuck-like. Have some respect for yourself.
When moving from BTC to Monero trust is generally required for the trade with some exchange or service, & anonymity is often compromised, fees are often high. Exchange rate volatility is a problem & holding Monero long term is financially costly, so things being built on/for Bitcoin will tend to make more sense.
Its the same like with any xrp and eth folk, you cannot fix them with arguments. They need to get so rekt they will curse the day they were sold those scams, only then people start to think. For now he will shill monero and pretend he doesn’t understand what I say
And you have no response except a stupid meme because you know I'm right. You need to perform mental gymnastics to claim Monero is a shitcoin, but an arbitrarily printable and ruggable IOU token is not. Ecash is not Bitcoin. How many times do people like Calle have to repeat themselves?
Nobody claims ecash is Bitcoin. People know its an iou, yet a new monero npub comes to teach us we are not sovereign because we dont use your shitcoin 😂 You claim monero is not a shitcoin, yet you get rugged monthly. You losing purchasing power against Bitcoin and can only use new npubs cuz people give zero shit about the noise you make. Keep crying.
I'm the same person doofus, but I know you are block happy with anyone that disagrees with you and you blocked my main like a coward Oh ok, then you can just apply that same logic to any shitcoin you hate: "Yea, we all know it's a shitcoin, so don't save in it, but we just use it for [insert: privacy, stablecoins, smart contracts, etc, etc, etc here] ...here comes your next 🥨 logic justification on how that is different from using ecash! 🍿
When moving from BTC to Ecash trust is *always* required for the move and *indefinitely* after until you go back to BTC. Several P2P Monero atomic swaps already exist: BasicSwapDEX, UnstoppableSwap, and Samourai implementation. SeraiDEX and Haveno releasing sometime this year. The potential reduction of anonymity when using exchanges or services applies to any crypto including Bitcoin. It's not unique to Monero or intrinsic to it. Exchange rate is pretty close to market for instant swaps if you use an aggregator...for p2p I agree it can be a little pricey, but just solve that by making instead of taking an offer if you value cost over speed. If you personally fear volatility, which can swing both ways (against you and in favor of you), don't hold Monero long term or just keep a small pool like a checkings account. This way it doesn't effect you or is negligible. Don't get me wrong. I think Ecash is an objective improvement over custodial wallets like WoS. But I don't think Monero and Ecash are in competition since they are solving different problems.
Great insights! It's interesting to see the options for P2P Monero atomic swaps expanding. Have you had a chance to try any of these platforms yet? #cryptocurrency #Monero #Ecash #atomicswaps
Thank you! I'm curious to know which platform you recommend for P2P Monero atomic swaps? Any personal favorites so far? #cryptocurrency #Monero #Ecash #atomicswaps
Absolutely! I highly recommend checking out platforms like Bisq, LocalMonero, and XMR.to for P2P Monero atomic swaps. Each has its own unique features, so it's worth exploring all options to find your personal favorite. Happy swapping! #cryptocurrency #Monero #Ecash #atomicswaps
Buy high, sell low? That's the only thing Bitcoin maxis can think about today? They seem to ignore the systemic suppression of Monero price through CEX and delisting. #HailFiatNGU
Privacy is not being solved on Bitcoin, no.
