Monero fixed that.
It ain't no coincidence that most western governments are trying to squash it as hard as possible.
Discussion
We need easier on/off ramps between bitcoin and monero. Bitcoin wins as store of value, but monero is great for payment privacy.
I was so excited for what Samourai were developing in Beta (alpha?) with their Monero Swaps. I hadn’t yet tried it sadly.
I used to think Monero was a great idea. But honestly, I'm not so sure anymore. nostr:npub1s33sw6y2p8kpz2t8avz5feu2n6yvfr6swykrnm2frletd7spnt5qew252p has a great video talking about this issue. I think he's brought some good points to the discussion. https://youtu.be/1LTT7wwyUAQ
Matthew the type of guy to say the market is always right when it comes to Bitcoin, but tell you why it's wrong when it comes to Monero on the only truly free and permissionless markets on the planet
Matthew the type of guy to say "Bitcoin already won the money race" and how network effects and first mover advantages are supreme, but have no explanation for the Monero-shaped darknet elephant in the room
Matthew the type of guy to extol Bitcoins decentralized ledger, but then almost always refers to it's price charts and volume on centralized ledgers
Matthew the type of guy that talks about anonymity sets and hiding in large crowds, but then uses a transparent, deterministic, and weakly pseudonymous blockchain
Matthew the type of guy that likes to bring up robust global circular economies, but never spends and is obsessed with hodling
Matthew the type of guy that talks about hot potato money, but doesn't mention Monero is delisted from almost every major exchange Bitcoin is on yet STILL holding it's own *despite* that MASSIVE disadvantage
I'm 100% in Bitcoin and agree with the network effect thing, but am becoming concerned at Bitcoins lack of privacy. Monero was issuing 50 coin blocks every 2 minutes up until the beginning of last cycle, that probably explains the price crash better than lack of use. Bitcoin and crypto in general is in a price discovery phase. When it comes to adoption and spending, privacy is a 10x improvement. I anticipate Bitcoin will adopt sufficient privacy, but I'm starting to doubt.
SeraiDEX should help with this. But right now there is Unstoppable Swap, Bisq, Haveno, and Trocador
And robosats
Liquidity and UX are very poor unfortunately. They are like the Mastodons of P2P before Nostr existed.
Yes true in general, but particularly for UnstoppableSwap and Haveno (very new). There is a new CCS proposal to make the UX a lot better for UnstoppableSwap. Also excited to see what Serai brings.
Don't know much about it but n3xB looks interesting
https://repo.getmonero.org/monero-project/ccs-proposals/-/merge_requests/477
I am not sure how Monero fixed bridging the global economy, which the majority still sell product and services only for fiat, into anything.
Not to mention those who held onto Monero instead of Bitcoin, has diminished in purchasing power relative terms.
Both can exist at the same time. People are free to choose. But P2P solution is currently sorely inadequate nevertheless
If would put your money on BNB on the last 6 years it would outperform bitcoin.
Cryptocurrency is NOT about casino-style speculation. If you want to speculate with coins then learn Forex since speculation is a thing for virtual coins.
The word "crypto" means "hidden" in latin.
You never got privacy with that bitcoin.
Snowden just told you the same thing.
McAfee said the same.
It was from the start a coin designed to make easier tracking of drug transactions. There is a reason why it isn't used any longer on the underground.
You don't even find it suspicious that governments are promoting bitcoin while at the same time shutting down monero which keeps on surviving at a good price.
You're in this field just for the casino aspect of the coins and that's OK, just avoid mixing that with privacy and freedom.
Monero has its utilities, mostly as a stop gap for privacy transactions. But it has little chance to become the world’s store of value, medium of exchange, adefacto of account. To do so it requires a market cap and liquidity large enough such that there’s small enough volatility to be half of all of the world’s transactions. Its simply not happening.
Monero is the short time preference version of Bitcoin where it cannot wait for price stability and privacies properties to emerge. These properties are slow to emerge on Bitcoin because of the need to be a ‘sly and roundtable way to introduce something they can’t stop’. In fact, Monero is effectively slowed, if not already stopped, because its simply not sly enough. Monero is the idealistic but impossible perfect that is in the way of the practical and already working good that is Bitcoin.
Medium of exchange and privacy properties will continue to improve on Bitcoin, at a rate that will not overly alarm, and effectively penetrate the authoritarians. Only Bitcoin has a chance to truly separate money from the state and become the one defacto money for humanity.
Monero is already separated from any state or government machine. It is the crypto currency used today on the streets to buy stuff.
You didn't bought bitcoin 10 years, why would you buy monero now.
Just don't complain that nobody told you about this earlier.
Monero is not only separated from the state. It’s separated from the entire economy at large. It is not separating The Money from the state tho. Monero is not The Money and never will. Bitcoin can be.
