Sir it’s not about the SOV for Monero. That’s Bitcoins job…! When it comes to Monero we need to think like the masses!! The masses get a buck n spend a buck aka paycheck to paycheck. This is historical and won’t stop. Monero is the silver to Bitcoins gold cuz of its tokenomics. Nearly 50% more than BTC. This means by all accounts and measures Monero should be rite about 50% of the Bitcoin price… Long ago silver was the money the masses used NOT gold!! Gold was so rare and hard to acquire so the masses used the easier to acquire silver. History is simply repeating in a similar way with these coins today. I think the biggest disconnect people have here is not understanding that NOO crypto is meant to be “priced” in fiat!! Bitcoin is meant to be stacked and VALUED in its own units of account… When you look at it like that I think understanding how 2011 OGs are owning Monero â•ď¸Źâť¤ď¸Źâť¤ď¸Źâť¤ď¸Ź
Discussion
That doesn't sell it to me. I'm looking for SOV and some. The silver to gold framing simply doesn't work for digital assets. Gold cannot be transformed into Silver yet onchain Bitcoin can be swapped for any layer or indeed any other crypto at the last moment before spending. Why would one hold inherently inferior SOV assets? My concern is that Paper Bitcoin is surpressing Bitcoin's market value and captured exchanges enable this. Monero being outside captured exchanges is attractive if this allows upward market forces to act.