BASED
Discussion
People fighting about one or the other, while Im here using both and enjoying the benefits they provide in combination.
It's not so much fighting one another, almost all the Monero people hold much more BTC than XMR, the difference is they/we understand the importance of always-on privacy and anonymity.
The most logical thing to do is to hodl BTC and having a bit of XMR on the side for private purchases. This seems to be the conclusion of the market as well, judging by Monero basically having become a stablecoin in the last few years (only pumped a bit recently), as well as it being top contender in any shop that takes both.
This is basically what I try to do. Monero is better for spending in every way, while Bitcoin is better for saving. I would prefer a single solution, but this works just fine.
Yeah. I think any intelligent unbiased person would reach the same conclusion, it's only fanaticism, hubris and arrogance that prevents many from realizing this obvious truth.
I might be unintelligent and definitely biased. Lately got to the opposite conclusion:
Monero for saving because of its FUNGIBILITY and low volatility (but saving the inflation tax)
Bitcoin for speculation and spending (lightning) where #monero is not accepted.
Whatever way you choose to do it, as long as it works for you, should be acceptable to most IMHO.
They key is since we're not getting full benefits from one or the other, we can use both with limited friction.
For a more serious reply (no memes lol), I would say that while the possibility of XMR becoming the dominant crypto exists, it's a pretty remote possibility, for at least two reasons.
First, the massive network effect Bitcoin has, which is unlikely to be dispelled anytime soon.
And second, the fact that XMR is the true cypherpunk project, which means it flies in the face of every government and every institution, in our age of always-on mass-surveillance (which is why it ought to be used of course, if you ask me). Meanwhile BTC is accepted for its surveillance-friendly nature and ability to make money when expressed in fiat.
But make no mistake, I think you know as well as I do that if Bitcoin were totally private and anonymous, the legacy financial system would have never embraced it, nor would any government have done so.
So, the rewards for holding XMR are potentially very disproportional (yuge gains), but the possibility of this happening is very remote.
Therefore (imo) better use BTC for what it does best - appreciating vs everything else and XMR for what it does best - paying anonymously and privately.
Strategies are as diverse as individuals
You don't seem to understand that low-IQ people can't govern the real world forever
Doesn't make sense. I'd want market strength in my savings asset, so I use doggie coin for savings. Monero is for privacy, so I use it for transacting. Bitcoin is a backup option like you said, but lightning isn't part of it, it's just some grifter bullshit that uses it.
Use Bitcoin when it's convenient doesn't make anyone ignorant or retarded but being a Bitcoin maximalist of course does
You split the thread by quote posting for no reason instead of replying and reposting
Now all the discussion is here and people seeing the original post without seeing this one don't see any discussion
You are the type of person who benefits from the bullshit-boosting nature of Jack Dorsey's "follow me" malware model of social media
My bad, re-reading it I shouldn't have been so hostile in this reply. Would have been better to just politely point out the issue and suggest less quote posting
To be fair I do think Jack Dorsey did create this malware format you talk about but Elon did make it way worse because people do it now to get paid like 4 bucks every month depending on their following
but I like to test around how people interact on nostr and I reply to a bunch of posts and suddenly this quote thread got discussions, but no one is getting paid or benefitting here, I can't even tell exactly how many followers we have because it's inconsistent on nostr, there's no view counts and no insights, so I think generating discussions is good overall no matter how they happen, at least because here the subject is about monero and more people talking about it is always good, but I won't do it often