Nostr Web Client

The only information that matters is which money will win. Because like I said before, money is a winner take all game. If bitcoin wins, even with poor privacy at the base chain level, what are you going to do with monero? It's not liquid enough to handle large transactions. Large whales selling can severely affect the price. So if you punt the store of value and just want to use it as a medium of exchange, then it is going to suck in that aspect as well because it's not liquid enough. So what reason is there for me to believe that monero will win over bitcoin? Why should I convince myself that the world will suddenly start caring about privacy and not care about purchasing power?

Daedalus 1mo ago

I don't believe it's a zero sum game since, historically, money has never been a zero sum game. There have always been different currencies with varying levels of dominance. Even now, the USDs dominance has waned significantly since the world wars.

xmrbazaar.com gets more listings every day it seems like and I find myself using it more and more. I would never want you to be forced to use it, as that's counter to my ideals of self-sovereignty, but I do expect this market to grow over time and do my part to help it.

I don't want you to buy or use Monero if you don't believe in it, I'm not trying to convince you of that, Ive been just playing defense by dispelling false claims and by answering your questions as honestly as oissibke.

Reply to this note

Please Login to reply.

Discussion

MAHDOOD 1mo ago

Ask the people who held copper, salt, and seashells if they think money is not a winner take all game. You mentioned litecoin and ethereum earlier too. If you are holding those coins as well, you're much more lost than the monero bros.

Daedalus 1mo ago

Crypto isn't about holding its about spending. It's usage is the value. I spend Litecoin if someone requests litecoin, same for ERC20 tokens.

Funny you leave out gold and silver and instead pick the past currencies that haven't retained value. Gold and silver have existed as money for thousands of years. They have advantages and drawbacks. It is what it is.

MAHDOOD 1mo ago

Don't care about crypto or shitcoins. It's odd that you use scams when you claim to care so much about integrity.

Gold and silver already failed. No need to talk about them in a digital world.