Replying to Avatar Cyph3rp9nk

One rule that any method has to comply with is that it has to maximize its exposure to bitcoin, that is, coins can hardly spend minutes in Monero for example because otherwise you expose yourself to the loss of purchasing power, which is what bitcoin was created for, that is why I consider that in itself Monero is an oxymoron to the founding principles of bitcoin, Monero does not work to protect you from Fiat currency devaluation, it does not even beat inflation.

So please don't you Monero supporters come here and say just use Monero and Monero is what Bitcoin should have been because Monero has not achieved any of the main goals of Bitcoin.

For me Monero is just a privacy tool.

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Saberhagen The Nameless 1y ago

I think everything you say is reasonable long-term if historical trends continue...

But as for the exposing yourself to loss on the scale of minutes comment is kind of silly. I don't think short term is the same. For example there are years, months, weeks, and days where Monero outperforms Bitcoin. Most of 2020 and all of the year of 2022 you would have made money if you swapped into Monero (it shows this in your own chart). The last 5 months straight (before September) Monero outperformed Bitcoin this year.

For swapping short term it is anyones guess which will do better. Sometimes you will be up, sometimes down. It pretty much cancels out on short time scales.

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Cyph3rp9nk 1y ago

Bitcoin makes all its upward movements in just 9 days a year, it is statistically proven, even less days, if one of those days you are in Monero you have screwed it.

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Saberhagen The Nameless 1y ago

If you mostly save with Bitcoin and have a small stash of Monero that you are constantly using up and replenishing periodically, your exposure when this happens is fairly negligible

I'm not telling you to do this. I'm just saying it really is not a big deal in my experience.

I experiment with the tools you mentioned too like ecash, lightning, and coinjoins. Each one has it's own advantages and downsides. I like the simplicity yet strong privacy of Monero personally and that is what I use the most for transactions.