āWhy limit myself to just bitcoin? Iāll take any crypto people want to pay with.ā
But saying Bitcoin Only isnāt about exclusion.
Itās about speaking directly to the only group that will move the needle for your business: Bitcoiners.
Theyāre the best customers youāve never targeted.
As a Bitcoiner, do you agree with this assertion?
Yes. If my income meet my basic needs and I was able to metabolize alcohol I would definitely buy from you.
I wouldn't take other currencies as payment! If not to convert them immediately into āæ . For the rest I agree
šÆ
This idea that "I'll take any crypto they want to pay me with" is laughable.
Before "crypto" would these people have accepted Schrute Bucks? Or payment in airline miles...no.
There is no second best
Couldnāt agree more. Imo that is the most misunderstood concept in marketing and branding.
If you try to speak directly to everyone, you connect with no one.
Be known for something.
100% not everyone is your customer and that's good
Do people really try to buy wine from you with shitcoins? Or are they just complaining?
People ask but I don't think they're serious outside of some monero people who also are just looking to pick a fight.
I just flatly say no to the shitcoins and they're always surprisingly surprised
I thought so. They just want to pick a fight or argue for the sake of it. They can take their moneropoly money elsewhere.
They hit some real issues with Bitcoin as far as privacy and the ease of transacting p2p (on chain Bitcoin doesn't work for commerce), but I don't really see monero as the solution to that nor do I think Bitcoin makes the wrong tradeoffs.
They act like we don't pick at wanting to make Bitcoin better too
Would you ever consider taking #monero?
Just Bitcoin
And presumably you're fine that the world of Bitcoin has devolved into a realm of "KYCed and custodial solutions are fine" š„²
I see monero users as holding down the fort when it comes to circular economy and "digital cash" and privacy as a number one goal versus NGU/investing mentality...
I see a lot of bitcoiners losing their way in that regard...
Think of it this way. You could become a bitcoiner today without understanding it or even holding it...
That's not possible with monero as it's deplatformed. You can only use it if you custody it yourself. Those users are the real cypherpunks now... Bitcoiners are soft
You can buy my wine with ecash if you want privacy
That's custodial. I am the only custodian of my money. That's a hard red line friend.
Nice! Everything has tradeoffs
Meanwhile people move to monero because trade-offs aren't required...
Yet on Bitcoin all I see is this trade-offs mantra... And people onboarded to KYCed and custodial solutions...
No shitcoins! Bitcoin and Paypal and Mastercard and Visa only!!!
Why would he waste his time with adding the complexity of monero?
Hes selling wine not meth or w.e it is you spend your mental masturbation monies on.
The lightning bro wants to talk about complexity? š
Another facetious response, insane.
To accept Monero & HODL like you're asking him to do,
He would need to manage a second HWW/PK.
With Bitcoins he can use LN to spend or HODL - that reduces his complexity & if he didn't want to deal with the LN part - he just uses Zeus.
Stop crying about lightning Everytime someone is discussing why they don't accept Monero - it's childish.
Where am I asking him to do anything? Go ahead and quote me. You wont be able to because I didnt.
You're just changing the subject now. This was about the fact that he said he doesn't accept Monero because he "opted out of inflation" but still accepts USD. I'm pointing out his reasoning doesn't make sense if that is why he doesn't accept it. If that upsets you then tough.
I opted out of inflation, with Bitcoin.
I'd opt into inflation for Monero
I'm missing how there are no tradeoffs
Also if your gripe is how people are onboarded and KYC, your gripe isn't with Bitcoin.
I feel like you're just making arguments that are tangential out of frustration about generalities.
The tail emissions is a complex topic. It's not as cut and dry as you may think. And the debate over having it or not will be settled in 150 years when Bitcoin stops emitting bitcoins and we see if the network can maintain security when it stops paying miners.
Also even a small tail emissions would be less inflationary than gold. And waaay less than fiat. Because the amount emitting is always smaller and smaller compared to the total amount..
Additionally it's not inflationary if it simply replaces lost coins.
Even the printing of the US dollar has to do this. Print dollars at a rate that replaces old or lost dollars... Of course we know they go beyond this mandate.
I'm here to end inflation and hopefully I have a free private transactions fixed along the way
It sounds like our priorities don't match
To get back to where we started, if you want to try my wine you can buy it with Bitcoin or dollars, but if not that's fine too
>"I opted out of inflation"
>"if you want to try my wine you can buy it with Bitcoin or dollars"
You don't accept Monero because of inflation, but you accept dollars because they don't have inflation? š¤
Do what you want, but your reasoning is off
Also Bitcoin is still inflating circulating supply for 100+ years until block subsidy runs out. You can't really say it doesn't yet.
His expenses are in dollars, stop being facetious.
I forgot that as long as your expenses are in a particular currency it magically makes that currency no longer inflationary š
what about goldbacks?
You gonna send em in the mail?
no just curious about your commitment to avoiding inflationary MoEs.
Gold has a higher supply inflation than monero.
Gold and monero are directionally aligned with fixing the money, but since money tends towards 1, I have chosen a horse in the race.
Bitcoin isn't perfect and I'll be working to support its improvements.
If someone wanted to pay me in gold, I'd do it for the novelty, but Monero doesnt have that novelty for me
ok
so it's not about inflationary MoEs š
So you're not willing to have a nuanced discussion? š«”
wheres the nuance?
I'm pointing out you keep referencing inflation in this thread
but you'll accept gold and USD.
so it's not about inflationary MoEs, its about picking your preferred currency.
and maybe some exceptions here and there for novelties sake.
seems pretty straightforward.
Trading for gold would be more akin to trading my wine for many of the other things I've traded it for like shoes, honey, work, meat and many others.
Anything can be money.
I've chosen my horse and the most important thing for me in choosing that horse is ending inflation.
You're coming at me with a "got ya" vibe
yes
because you're being logically inconsistent and not owning up to it.
thats retarded dude
go waste someone elses time
"anything can be money and ill accept gold and shoes and honey
but not THAT money. because reasons"
š
Anything can be money.
Shoes are good money when I need shoes
Gold is good money when I want a shiny rock on my shelf
Monero is good money when I want Monero and I still haven't found that point
Right
not about inflation or not.
We're off track.
For a money that I expect to be meaningful globally into the future, inflation is the #1 thing.
My examples are meaningless in that context
Then it's strange that gold has been money for 5000 years with supply inflation.
seems like maybe that isnt "the #1 thing"
It was all in search of finding a solution to that. Now we have it.
Inflation will be dead in 2140 and is quickly being killed off until then.
I'm happy with that
You can feel however you want about it.
Fact is,
gold has 2-3% annual supply inflation.
Bitcoin also has supply inflation.
its obviously not "the #1 thing"
and also, we werent off track š
the question was "why dont you take monero" and you were trying to play it as a principled inflation reason
the question WASN'T "what money do you think will be successful"
but you changed the subject and thats fine.
Person doesn't accept monero "cuz inflation"
Takes gold which has increased inflation rate in last century due to increased mining tech.
Has increased supply for millennia...
The inflation argument just seems like a way to shut people up...
And 2140 is a long time away, is the current inflation of bitcoin more or less than the current inflation of monero?
Bitcoins emission schedule is actually quite fast imo... 95% emitted by Nov based on nostr:nprofile1qqs2fj6373scelx3dvknzuwyvctehmvwr97y8wze3q3mqn0zvm80zyqpzdmhxue69uhhwmm59e6hg7r09ehkuef0vtptej's dashboard
Iāll take both š¤
and if we're really honest
more bitcoiners buy your wine and you get better exposure because you identify as a maxi.
so you'd lose street cred among the demographic you are marketing to if you DID accept other decentralized PoW currencies.
which is why there's a logical inconsistency in your reasoning here.
Don't worry there's many more tradeoffs than that.
I like Monero but be real even Kraken still lists XMR and its on many CEX still. So this is just hyperbole ācan only self custody itā. You guys oversell this point and begin to sound as dogmatic about it as āmaxisā feel about bitcoin. Just be honest.
I have never got a single piconero from a KYCed source.
Why the hell would you? Seems antithetical... But then there are those trader types trying to "dIvErSiFy"
One reason is so that you can immediately transfer it to a custodial wallet.
But then you're KYCed... So that's a non starter
...So? Is it supposed to be a secret that you own or use cryptocurrency? Do you think they can tell what you spend the currency on from a custodial wallet?
Secret and private aren't the same thing. If you've KYCed you've put your information in a honeypot...
Aren't honeypots supposed to like, catch people doing something sus? Seriously, if the only information at risk is the fact that you own cryptocurrency then what is the issue?
No.
Honeypot just means your information is centralized. So it attracts hackers.
It can also work in the way you mentioned.
Read the article I gave if you have questions.
Personally I don't want a hacker having access to my passport, photos, tax ID etc. Everything one is required to submit to be KYCed...
Not to mention the risk of people put on a list of people owning cryptocurrency. Both from hackers or the government. Ever heard of executive order 6102? Sooo many problems. And your questions indicate you probably didn't bother reading the article I linked
Lmao you have absolutely no clue what a honeypot is, but thank you for explaining what you meant.
I'm not sure which of my statements you were referring to when you said it could also work the way I mentioned, but you have a very poor understanding of Monero if you think that a KYC exchange could have any hope of tracking transactions made with a custodial wallet.
If you care half as much as I do about not handing over personal information over to financial institutions then maybe you can help me. Is there a way to own a bank account without handing over the exact same information that KYC crypto exchanges ask for? Is there a way of paying bills and utilities without having a bank account? Is there a way to live your life without paying bills and utilities?
I respect you too much to waste your time sending you fucking homework just to talk with me. The fact that you read and respond to what I write is enough for me; I don't need you to read some canned website written before I even heard your thoughts. And I expect you to continue treating me the same.
Why on earth would I waste my time rewriting what nostr:nprofile1qqs2vrneurk665gq6a2rke572y7mc8ppwr5wnd60mw8fwxharc8xsycpz4mhxue69uhkummnw3ezummcw3ezuer9wchsz9mhwden5te0wfjkccte9ehx7um5wghxyctwvshsz9thwden5te0wfjkccte9ejxzmt4wvhxjme0vl44wp took days to write? I have a life and family.
There are no short cuts. Do your homework. I don't respect you because you have misrepresented my position and wasted my time.
You sound super well informed about CEXs. I haven't used one in years.
I'm not sure I said anything particularly debatable. Monero people are much more into circular economy and avoiding KYC. Is there not a stark difference between Bitcoin and Monero in terms of being able to acquire it on CEXs?
Educate us since you're so knowledgeable about CEXs. I bow to your superior knowledge. Meanwhile I'll keep buying Bitcoin on Bisq and mining. I bet you also have no problem with KYC and custodians SMH. Get real dude.
I havenāt used one in years either I buy with robosats. A quick search on coinmarketcap will show you how many exchanges list XMR and volume. No need to be āsuper knowledgeableā lol
I don't use coinmarketcap. I don't care about the price of "cryptos". Thanks for the tip though.
Also be honest, Kraken HAS delisted XMR. Depends on your location.
Fair enough, but it's delisted from Binance, the largest exchange in the world by far, and most others. Not sure what other coin is more delisted/unavailable/banned than Monero. Kraken is basically one of the few major ones left and only offers it in the USA and couple other places afaik.
Iām not disagreeing with that it is for sure heavily banned and delisted no doubt, but to say you can only use it p2p and self custody is not true. It is still listed on some major exchanges KuCoin, HTX, Poliniex etc. Iām just allergic to absolute statements that are provably not true.
Funny that you think 'listed' has any meaning. It just shows that you don't have much of a clue about what is going on in Monero.
HTX and Poloniex have no Monero to withdraw - for years. They just pretend to have Monero reserves like many other exchanges.
Best to try it out for yourself.
So all the volume is fake? Naw Iām not going to KYC myself on those exchanges so I can verify your point.
Shitcoiners can kiss my balls.
