#monero fixes this.
No more deciding whether to run a LN node at a loss or succumb to just using custodial solutions.
Context. I use coinos, embedded Zeus node, monero and onchain bitcoins. Just all for different things.
For online payments or dark net shit, monero is the winner right now by a long shot. #statistics
how do you reconcile your argument that running an LN node leads to a loss and the fact that Monero keeps declining in value VS Bitcoin?
fiat denominated price is NOT "value"
What about Bitcoin denominated value?
ahem
THERE ARE NO BITCOIN DENOMINATED CHARTS
Here you go:
(XMR/USD)÷(BTC/USD)
is obviously USD denominated
there are no BTC denominated charts on a USD UoA
dont feel bad nostr:npub1utx00neqgqln72j22kej3ux7803c2k986henvvha4thuwfkper4s7r50e8 doesn't understand UoA either
Sir do you know how to divide?
your chart is a graph of the function in my above note.
USD denominated.
cope harder.
Holy shit, man
those prices are *denominated* in USD
and unfortunately dividing them doesn't change that fact,
it gives the ratio of the USD prices.
there are no Bitcoin denominated charts under a fiat UoA.
What is XMR/BTC denominated in?
What about people who use BTC as a UoA?
dividing a USD price of an item
by the USD price of Bitcoin
does NOT change the UoA (fucking obviously!)
the UoA is *what prices are set in*
Why do you cope tag me all the time? Just enjoy being poor, you got nothing to prove king 👑
because smart Bitconers should understand Unit of Account.
and its absurd you double down on the retarded "the UoA can be anything" viewpoint
Enjoy being poor?
Early bitcoiners used Bitcoin for ideological reasons. Not to get rich. You're pathetic.
Conversely "shitcoiners" don't like Bitcoin because they feel there are other horses to hitch their wagons to to get rich. And it's fair to point out to that person that they're gambling and probably going to lose money.
I see monero as more of a resurgence of the original vibes of Bitcoin. And unfortunately those that use it are more ideologically bitcoiners than the ETF, KYC, Michael Saylor crowd.
I really like what this does to my brian.
NGU maxis feel the opposite way 😕
I have seen you make this point before and it shows just how difficult it is to see outside of the dollar. This is a poignant insight.
Cheers mate 🙂
Do you see some usefulness in saying so many monero is equal to so many Bitcoin and leave dollars out of it. That as a community of users we just agree on a forever monero to bitcoin peg and wrap our brains around creating an economy in that paradigm. Just spit ballin.
I don't think it has to be anything except a voluntary exchange rate for whatever the asset is.
But basically yeah
the best (only?) way to bootstrap of new UoA is to just start disintermediating the old one with p2p exchange.
small communities trading vfv amongst themselves at first
bitcoin for beef has become the classic example.
more of that.
XMR vs BTC would also be disrupted on a Bitcoin or as a thinking exercise Monero UoA standard.
Maxis can not comprehend (yet) that SoV and MoE are minor achievements over unit of account.
If UoA changes, the whole value system changes. People will totally look at all things differently.
SoV (easy to achieve) and MoE (much harder to achieve) are mere prerequisites for a unit of account.
Monero losing value to Bitcoin is a red herring.
If you're a cypher punk, then you're not worried about an increase in value, but an increase in utility.
However, I see your point as losing money was mentioned. To that, I would just say, don't hold all your money in monero.
Unfortunately LN is really hard to attack because there are so many edge cases. Which version do I attack without making a straw man?
The custodial WoS? The difficulties of running a node? The failed payments? The FC in high fee environment?
No matter what one argues, you or Darth or some other dev who bleeds code will argue that aCtUAlly LN is really easy and suuperr private.
But I reject that. I would say it CAN be private. But it's not a default state. LN is a network, and just like governments running Tor exit nodes, an attack on LN could be hidden. What IF a country was snooping the data or observing it?
I'm not saying that's happening, but can a user who ONLY wants privacy but doesn't understand LN guarantee to themselves that they have 100% privacy all the time?
It is 100% happening. The hubs are especially weak.
