Monero sees greater adoption on black, grey and white markets for real transactions than Bitcoin, which is mainly used for speculation.
Discussion
That's a joke, right? Go ask 100 people randomly on the street in your local city 2 questions:
Have you heard of Bitcoin?
Have you heard of Monero?
A good 80% of people, maybe more will say they have heard of Bitcoin.
You will be hard pressed to find 1 person in 100 that has heard of Monero.
Ask the same if use. Like the Monero person uses it, great.
Likely 6% of the people will say they own or use Bitcoin.
Literally nobody knows or uses Monero outside of the 8 people who keep buying each others used panties over tor.
this is provably incorrect.
monero recently does over 20% of bitcoins transaction volume.
at EVERY company that offers both Bitcoin and Monero payment methods, Monero is more popular.
absolutely agree Bitcoin has a larger network effect,
but your echo chamber is showing and it's not the disparity you think it is.
Awww, cute. You didn't read anything that I said.
You have no idea how much is being transacted. It's private. We know total number of transactions. Roughly 30k per day on a erage over the past 12 months. Representk g likely a few hundred thousand in USD daily.
Bitcoin on the other hand transacted around 400k per day on avg over 12 months. Representing billions in USD.
Transacted
That's less than 8% not 20%.
It's like you guys just make shit up to feel good about your poor life choices
Wild
wow
I provide actual data about tx volume
you WILD GUESS data about tx value
but *we're* the ones making shit up
got it 👍
Ummm, I just gave you the averages over the 12 months. You apparently arbitrarily picked a random day? Lo
Man, you guys better hope bitcoiners and devs don't fix the current privacy issues. Y'all would be fucked.
Here they are using the same source....
I picked yesterday, like normal peope do.
but you're absolutely correct that the mempool is dead now and if you average in all the shitcoining that happened on Bitcoin last year it looks better.
you did guess tx value. which you have no fucking idea about.
and its absolutely true that when people jave the opportunity to use monero OR Bitcoin, the majority of people use monero.
it's simply a fact that people use monero to spend
and bitcoiners are tight with their sats.
this should surprise nobody.
Hahaha. 1 day?????
You must be a young lad.
1 month, 3 months, 12 months, 1 year, 3 years are standard business timeframes.
and you must be trying to find evidence to prove a conclusion.
ordinals are not p2p txs
runes arent either
neither are exchange consolidation txs
or coinjoins
so if you were ACTUALLY interested in the number of economic txs occuring on the BTC blockchain,
you would go about it in a much different way than some "standard business timeframe" bullshit that actually obscures the dataset.
Ah. So the past 12 months is trying to find evidence? Lol. It is clear you are just randomly moving the goalposts.
This tx doesn't count, but ours does!
Tell you what, go ahead and remove all visa prepaid card and dark web store purchases. I don't think those count as P2P transactions and aren't legit.
That what be insane.
I am quite sure you aren't a business owner, don't do stats analysis, nor do you have a clue about global finance and the future of money.
Peace out, this is pointless.
are you asserting that ANY of the examples I mentioned should be included as legit p2p txs?
or are you just babbling nonsense and cutting the conversation short because you have fuck-all to actually say?
"Man, you guys better hope bitcoiners and devs don't fix the current privacy issues. Y'all would be fucked."
I’m waiting patiently to embrace the day this happens… I won’t hold my breath tho…
How long can you hold your breath?
I can go for almost 2.5 min.
There are exactly zero mainchain privacy improvements on the horizon.
all the interest is in ecash and LN.
which is fine, but its either extremely difficult to use or custodial.
1st principles or GFY.
Silent payments are coming along nicely.
We already have lightning, fedi and cashu
Not too far off my man.
Ln is ok at best, I won’t use fedi or ecash for anything other then testing…
We shall see how good SP is and how many wallets integrate it.
My opinion privacy should be default and transparent only if wanted.
Your opinion of 100% private doesn't work or solve accounting problems that exist globally.
Bitcoin was designed to have a public ledger, solving the need for centralized ledger and control. That's the point. It solved the problem for the first time in history.
Monero is about trusting the code. There is no way to audit the trail of someone who just sent money to a 3rd party. It may be good for some things, but for audits, reserves, corporations, bank settlements, title/property transactions, etc...
All Bitcoin transactions must not be private, or these issues still exist.
nostr:note1ds6wuvwqvss4ngvr9dm5lffzyurzupvtapxkphkhduxlyrv8824smfx77u
oh and when was the last time you personally audited the Bitcoin supply?
(and i dont mean just TRUST the output of gettxsetoutinfo)
The VAST majority of Bitcoiners also "trust the code"
And like 5.99% of those people don't use Bitcoin. They hold Bitcoin IOUs on their Coinbase app and do jack shit with it.
Bit of an exaggeration but I get your point. A money for the whole world has to work for normies. Bitcoin is made to become that money. Eventually people will get burned or get educated, etc., and switch to better custodial solutions, semi-custodial, and self-custody, all held accountable by the free market. To begin with, banks will start holding Bitcoin for you in the coming couple years (I know, disgusting).
It's going to find its way EVERYWHERE. And most people in this world are extremely ignorant. That's what you get for having the most successful money at being a money. But those coins are still very hard to fake, double spend, etc. It's easy to audit the institutions that custody them. It's easy to set up federations where every family has that one bitcoiner that can set everybody up and manage the technical stuff. The technical and privacy conscious people can protect their privacy within the same unit of account via lightning, ecash, and new technologies built on Bitcoin.
You underestimate the market and free banking to hold multiple competing custodial solutions accountable. But the point remains that Monero users are generally utilizing more of its privacy and self custody features, partly because those are the defaults. It specializes in privacy. It's really good for that.
Everybody I know that is into BTC also knows about or owns Monero. ALL of them.
If your city only sees little adoption of Bitcoin or Monero humbly ask yourself: What have I done wrong, that my city is so far behind the curve?
At one point OGs realised that being the first Bitcoiner in your city also comes with responsibilities.
I see that Monero people these days care more about their fellow citizens having a good store of value and a PRIVATE means of exchange than wannabe fiat NGU Bitcoiners waiting for Wall street to pump their bags while doing literally nothing. Hopi g the intended outcome is Bitcoin reaches the mainstream as a medium of exchange.
Have you once read the news in the last 10 years?
KYC and custodianship rules 99% of the people that came into Bitcoin in the last 10 years.
Have you ever watched the stats from businesses, giftcard providers, shops that actually accept Bitcoin and Monero as payment?
You'd be stunned. Because Monero is in an excilent position, despite BTC being 5 years way.
It's simply because government seemed to big a hurdle for Bitcoin so the MoE use case was given up in favour for SoV.
It's a good thing it helped the ecosystem draw in billions of worthless fiat, while Monero grew in the underground. One click away of becoming money for anybody who desires to use it to protect ones privacy andtherew also the integrity of ones family, community or business relationships.
Get a display name.