Replying to Avatar BrettInTheWoods

Always a Bitcoin maxi BUT I dipped my toe into Monero not long ago. Lots of FUD surrounding Monero, esp around mining, decentralization, supply audits, etc.

What ultimately turned me off of it was liquidity. Even DNMs are far more likely to accept Bitcoin than Monero. It’s much easier to pay with Bitcoin or turn Bitcoin into USD. Most of the KYC-free buying of Monero involves buying Bitcoin first.

Also pseudonymous, unconfiscatable, and uncensorable are 99.9% as good as true anonymity.
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CypherPops 2y ago

DNM momentum is going toward Monero.

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BrettInTheWoods 2y ago

Yes, DNMs adding Monero but not removing Bitcoin.

I think that momentum speaks more to Monero being better than ZCash and MimbleWimble

That said, I’ve seen ransomware discounts as high as 10% for paying in Monero over Bitcoin. That’s not nothing.

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CypherPops 2y ago

And several Monero only markets too