Replying to Avatar Saberhagen The Nameless

It's like saying there will only be one tool that you will ever need, a screwdriver, so we don't need hammers anymore.

You said it yourself, they are playing different games. Different specialties and trade-offs. Even Bitcoin has things it is bad at.

If you need strong default privacy, real world fungibility, and very cheap tx fees (all without giving up custody, permissionlessness, or final settlement) - a better p2p digital *cash* - then Monero is the best tool for that job. You don't invest or save in cash - you use it as a MoE.

If get rich quick schemes are ones #1 priority above all else...well it is no wonder to me they don't see value in anything else.
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BITwise 🐳 >>= RIGHTish 2y ago

If privacy matters monero has a use case but if you're following good practices, the psudoanominity of bitcoin+lightning is enough for most use cases. Not all, so I'll give you that one.

I don't claim bitcoin to solve everything. It does what it says it does and it does it well. Most other tokens don't.

But in terms of an investment or store of value, monero won't be the one.

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Saberhagen The Nameless 2y ago

Historically, Bitcoin has done much better than Monero price-wise, so it's an understandable position. There are many who "save in bitcoin, spend in monero"

One can control supply and argue bitcoin has properties more conducive to a SoV, but ultimately bitcoin/monero can't control the other side of the equation - the fickle winds of demand.

There are many issues with the "privacy" of bitcoin (opt-in, relatively expensive, tedious, slow, easy to make mistakes, nothing is hidden, degrades over time) and even lightning, but I think we mostly agree