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so you think bitcoin is only worth more and more every cycle because it is first mover and poor little monero would otherwise not be pegged to the dollar as it practically is

no, that's because monero has no SoV capacity, because whatever you moranos say about it being auditable, it's still questionable whether there is not an open ended possibility of an inflation bug and people are only using it for the black market so its basically being used as an intermediary only, nobody is holding it, nobody

so, whatever you think about the "value proposition" of bitcoin is obviously missing more than just FMA to why bitcoin is staying ahead of inflation

it could be the fact that its auditabilty is unquestionable and complete maybe?

when a commodity wants to become a medium of exchange, its first use is always store of value

precious metals were this originally, just a way of holding a lot of value that didn't decay, so, it stores the value

then they made it easier to transact with by minting it, so the cost of trusting it was lower. this is actually the same thing as the auditability issue - it makes certainty about the quality of the asset cheap to assess, not like a fancy gold necklace that could just be gold plated steel, where proving it's worth something is expensive

without the ready, easy to determine, and certain evaluation of the value and provenance of the asset, it can't be a store of value and thus monero is fundamentally broken as a money from its initial premise

just get over it, after 13 years or however long it has been, monero has done nothing to become more widely adopted than bitcoin

bitcoin could and still is being used for black market

and it's also good for ETFs and lightning network use, even this ordinals shit couldn't be done on monero

monero is too narrow in its purpose and its real use case is very much limited to the "value proposition" you speak of

otherwise, explain why bitcoin has got so many other uses giving it additional value, and monero doesn't

because nobody trusts monero, monero can't be counted with absolute certainty, nobody is holding it so nobody wants to hold it

until you get that loop of holding - demand for holding you have got fidget spinners

ponymontana💜⚡ 1y ago

I not agree, even if monero chooses a way to add confidentiality keeping the supply easily auditable, it would still be a shitcoin.

The digital nature of bitcoin makes the money-convergence-forces even stronger than what has been with the gold shelling-point.

Bimetallic in digital realm has no much sense, and find a "second shelling point for supporting MoE use cases", like silver has been, has no sense at all.

The ingegneristic problem of makes bitcoin pieces of informations floating more rapidly is a second-layer challange, and is becoming better everyday. And we can expect better solutions for the future, not like monero or shitcoins reimplementing their blockchain where we can see them work just if noone uses it.

Also monero as shitcoin sucks and histradeoffs suck, but this is secondary to me.

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e8cd2bec... 1y ago

>"The digital nature of bitcoin makes the money-convergence-forces even stronger than what has been with the gold shelling-point."

What is special about Bitcoins digital nature alone? Monero is digital too and so is every single crypto. Even fiat is digital.

You would have to explain why despite Monero not having NGU and being banned from countries and dropped from exchanges...it is increasingly growing in Darknet Markets. Shouldnt it be the opposite?

>"Bimetallic in digital realm has no much sense"

It makes even more sense in the digital realm since it is quicker and cheaper to swap digitally vs swapping physical metal irl

I think it's crazy to think one day there will magically only be Bitcoin. With open permissionless system in a free market there will always be different cryptocurrencies to greater and lesser degrees.

ponymontana💜⚡ 1y ago

I agree, in future will be bitcoin + bunch of ausiliary informations-trasmitting solutions to help it spreading. But it wont be monero as it is shit and reimplement worse all the problem of bitcoin, it would be something else. And these solutions will change a lot trought time, shitcoins has been a phase and is ended time ago.