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The "bitcoin reserve", ETFs and Micheal Saylor #fiat shenanigans play a huge roll in my interest in learning more about #monero.

Perhaps bitcoin has already been corrupted.

I like the fact that no one is taking about monero In mainstream.

#asknostr

Thoughts?

Pattern 9mo ago

Get your point and in a way agree with you, but xmr hasn't been a good alternative, it has worse centralisation issues than BTC and as a store of value doesn't compete.

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Discussion

b7c7f5d3... 9mo ago

Could you touch on the centralization issues? Assuming it is mined and not purchased via kyc exchange.

Pattern 9mo ago

Mined basically in 2 pools that control at least 60% of hashrate.

Hanshan 9mo ago

boy do I have some bad news for you

😬

(its also known that some of those smaller pools are just fronts for Antpool)

Pattern 9mo ago

Yes and those aren't the only problems of centralisation in bitcoin, Wal street paper bitcoin can be worse than this

Pattern 9mo ago

And echo chamber bitcoines (often with little to none perspective) who doesn't think for themselves, can be a great threat to bitcoin too

Saberhagen The Nameless 9mo ago

A potential problem both Bitcoin and Monero share. At least Monero has decentralized mining with P2Pool available though. Afaik Bitcoin doesn't have an equivalent even with StratumV2

https://xcancel.com/aeonBTC/status/1903213215921967210