they probably fear monero because it's taking the place, already done on darknet, it will eventually be on clearnet, especially because of CBDC. Bitcoiners don't understand Monero is not an ennemy, I hope Bitcoin will improve in privacy
That mean the vast majority of LN nodes are hosted by cloud corporations and not self hosted by individuals, it's catastrophic for decentralization, LN is largely centralized...
When I see that, I'm happy to not have Bitcoin at all, the network is already captured and censorship compliant, bitcoiners, be ready for the OFAC list
Monero is not Fiat
"Fiat money is a government-issued currency that's not backed by a physical commodity such as gold or silver. It's backed by the government that issues it." Investopedia
you forget 1 word: "government"
Fiat is "government-issued" not simply "issued" (by anyone) that means it's from the people who control the country, I understand what you are trying to tell, but Fiat can't be issued by random people, it should be included in the country's jurisdiction and approved by the president etc etc that's a huge difference
I see what you mean, FIAT was created by governments during the history, but not only, for example in WW2, in some ghettos a FIAT currency was created by ghettos authorities. In the strict sens, you have right, any community can create a FIAT currency by decree, but it's not the general concept of FIAT currency, we are talking about a nation's government not the GNOME foundation or random civilians
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