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I bought $100 of #Bitcoin using #Monero around three weeks ago.

That Bitcoin is $92 now, and the Monero is $106.

This is an ongoing comparison experiment to see how the value fluctuates.

I know such a narrow snapshot is not even close to being a fair indication that leads to an overall conclusion, but still.

With its built-in #privacy, I'm happy with being all in with Monero. The privacy is worth more to me than numbers, because I don't trust the direction of our increasingly technocratic, big-brother society.

Not that any crypto will save the world (that's Jesus' job), but having Monero can certainly be helpful with regard to privacy. The same can be said for encrypted messaging (e.g., #SimpleX, #Session, #Signal, #PGP, OMEMO, et al): not the solution, but helpful.

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Discussion

Capybara 2w ago

In the long run, there's no second option to bitcoin. I find monero interesting, run a node, but it has no chance against bitcoin.

You can have a lot of privacy with bitcoin if you buy P2P, use liquid/lightning, run your own bitcoin/lightning/liquid node, segregate utxo/addresses... nothing is perfect, but if you aren't a target, just pegging in and out of liquid already solves 99.99% of your problems.

#bitcoin #monero

Daedalus 2w ago

Defaults are everything. If Bitcoin is public by default, it's public for nearly all. If Monero is private by default, it's private for all.

You can be schizo with your network privacy and UTXO management and still slip up once and blow the lid open on your whole Bitcoin transaction chain. Its risky even for the experts.

Liquid is an altcoin sidechain that's pegged to Bitcoin. You might as well use WBTC on Railgun if you want privacy on an asset pegged to Bitcoin but not Bitcoin.

The axiom that Monero has no chance against Bitcoin for... reasons needs to be question. Bitcoin had no chance against fiat in 2012, where are we now? First mover advantage and network effect doesn't spell long term success necessarily. MySpace and AOL are great examples.

Capybara 2w ago

1984 2w ago 💬 1

I have swapped most (not all) of my BTC to XMR 1.5 year ago.

It has been a good decision. I see absolutely no reason (I would even expect it) why Monero should not do a 10X within 2 years. I even expect it will hit 150B market cap (20X) within a reasonable timeframe. Atleast I have a very hard time finding sound arguments (that can't be proven wrong) for #XMR not reaching ≈ $8000 (20X) sooner than later.

BTC could maybe be pumped a bit more. In best case 2-3X but at some point hedge funds and institutional investors will have to pull the break. They are expected and hired to invest responsibly and calculated and take all risk scenarios into account. Hype and trends are not a reason in it self nor is idealistic flatter.

Bitcoin maxis are looking 10 years back in time and using that as an argument for future expectations. That's not how things work.

I would even say that monero (even under institutional and well coordinated FUD campaigns like the Qubic attack) is less volatile and more predictable.

AU9913 2w ago

This is when I wish nostr had remind me bots.

Juraj 2w ago

Look at volatility metrics, not feelings. Monero is significantly more volatile than Bitcoin. And unfortunately especially on the downside.

ede3d957... 2w ago

Would you mind to share your source. Would be interesting to monitor.