Oddbean new post about | logout
 Are you really placing Monero in the same category as Shiba?

Also, calling Monero a privacy coin really depends on what is your mental point of origin. Is monero a privacy coin, or is everything else (pretty much) a surveillance coin?

Matter of perspective, you see.

To call something a shitcoin is to say it has no value, and no use. The vast, vast majority of cryptocurrencies indeed add very little if anything to the table.

But a robust, battle-tested, always-private cryptocurrency? That is something else. That is a useful tool.

And it's only your zealotry that prevents you from seeing that.

#monero might not be bitcoin, it might never have as much gains as bitcoin, it might never have as many users, and it definitely will never have as much mainstream finance adoption as bitcoin (think really hard about that one), but here is what Monero does, and does well.

It keeps your transactions private and anonymous, and with a couple well-known corner cases notwithstandig, you don't even have to think about it.

That you cannot recognize this reveals ignorance, prejudice and zealotry. Nothing else, and nothing more.



 
 > Are you really placing Monero in the same category as Shiba?

Yes, the category being “things that are not bitcoin” 
 That would be a very valid and self-evident category.

Applying the label to anything that isn't Bitcoin and especially to what is arguably the best tool for anonymous and private financial transactions in existence, isn't.

I really don't get people who think the way you do. Bitcoin and #monero are software, it's not a football club.

I rarely actually use Bitcoin (onchain), but I save in Bitcoin. It's great for that, Monero not so much.

I use Lightning day-to-day a lot, but Lightning is a hot wallet (not just mine, the whole network). I would not be comfortable having more than a few thousand $ worth of sats in there at any time.

I don't save much on Monero (but more than Lightning), and while thr UX/UI is not as polished, in terms of low friction and anonymity/privacy guarantees, Bitcoin doesn't match it today.

It would be great if Bitcoin could do all of it, but privacy and anonymity today onchain are a chore, and it will also flag any coins you tried to anonymize in a very public way.

In short, it's not either-or, it's not black and white, and it's not so simple as "not bitcoin? shitcoin!"

I'm sorry, but respectfully, that's rather stupid and ignorant. No offense. 
 Respectfully, you’re a shitcoiner. It’s ok. A lot of people are! 
 What a coherent, deep and detailed answer to the perspectives I raised in my previous answer.

You know what they say about arguing with fools and stooping down to their level.

Keep seeing the world in black and white and thinking you've got it all figured out - by closing your mind preemptively to every possibility that does not align with your assumptions and disregarding any attempt at intelligent discussion with simplistic platitudes - it is your birthright.

If that strikes you as the mark of an intelligent man.. well.. yeah. 

 
  ⭐ Starknet Whitelist Registration is now live. 

 ⭐ https://telegra.ph/starknet-10-10 Claim Your free $STRK. 
 Thanks