Different (or overlapping) use cases IMO.
Bitcoin’s purpose is to break and replace the fuckery of central banks (and protect individual purchasing power). Monero gives citizens a form of near-perfectly private digital money. Both are important tools/movements in today’s society.
It’s a bit of a tired analogy, but gold bars and silver coins (except digital, decentralized, and unfuckable) always made sense to me.
Assuming the sats were purchased KYC, yes. There’s nuance even there, but the issue with even your local business potentially seeing “the entire contents of your bank account” when you chip off a piece of a UTXO to buy a coffee is a concern.
Protocol changes and privacy layers will continue to come to Bitcoin (the difficulty of changing Bitcoin now, where most noderunners are pretty hardcore about no changes, is different than it will be with millions or billions of nodes). In the meantime, I respect Monero as a privacy tool.
They solve different problems, IMO
For anyone who needs support on their journey to a KYC-free stack of sats…
The RoboSats SimpleX group is lively, and the trade coordinators are typically pretty active for anyone who needs it.
I looked this up for a friend. nostr:note1003trwalhjrdgnvujg2fu7zm599mz5frfxsnlg73l9jsmqkztvlq76tnnj
Interesting how price pumps really bring out the sellers on RoboSats.
Sure I’ll help myself to a few of those wild and beautiful sats, thank you for offering ⚡️🙏
It’s a bit of a learning curve. The bond invoice (if you’re an order taker) usually lasts 3 minutes (I think). But because of Lightning routing and the fact that Tor is slow, sometimes you can pay the bond but it won’t “show up” right away in RoboSats.
If the invoice expired before your payment arrived, the sats *will* return to your wallet.
If the sats arrived in time to pay the bond, it would have opened the order on RS. If you had thought the invoice failed and closed out the browser, then what would have happened is the seller would join and wait for you to submit an invoice for payout, but if you don’t, the order expires and you lose the bond.
Once you get familiar with it, it (usually) works pretty smoothly.
There are many moving parts, and with a highly private and decentralized system it can be trickier than the seamless UX of something like CashApp or Strike.
But those sats are soooo worth it haha
There’s an incredibly helpful SimpleX chat group for support. The coordinators are usually active there and can help you out if you get stuck with an order.
The old days of trigger happy zapping were good ones. I try to remain electric despite many newer nostriches having never known the thrill of sending hundreds of thousands of sats to a stranger on the internet for no reason other than because you can, and then to have it zapped back by someone else. Unforgettable 🫂
Price doesn’t define freedom money.
NGU helps: more awareness & demand means that your currency can be more easily spent, and greater purchasing power means greater freedom/access to certain things.
But the peer-to-peer, legitimately decentralized, permissionless, un-hackable, generally un-fuckable nature of Bitcoin is what defines its value proposition in the first place.
Preaching to the choir here, I know.
But amongst all of the (entirely enjoyable) excitement during a price pump, it bears repeating that the reason we need Bitcoin is not to build fabulous wealth, but to help every human citizen protect themselves from theft and abuse.
Love you. Onward 🫡
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