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Money for mafia mobs doesn’t mean “in any market”. I don’t see Monero being used for coffee payments, I don’t see it as a 401k asset, I don’t see it as a store of value either.

That does’t mean it lacks any value at all. As I said - it has it’s use case. I/. Useful Tool. But for your own sake, do not fall for the idea that it will replace Bitcoin. That can’t happen and will not happen.

Saberhagen The Nameless 1y ago

I find it hilarious that you think everyone is using bitcoin to buy their starbucks coffee. It's a terrible currency to use with any frequency especially for small payments. 99.9% of the world is using fiat.

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Discussion

HolySats 1y ago

Have you ever heard of lightning network? I do pay for a coffee or a lunch on a regular basis.

For example, here in Czech republic, thousands of restaurants and coffee shops accepts payments via app called “qerko” which accepts LN payments.

Saberhagen The Nameless 1y ago

Yes, 95% of lightning users are on custodial wallets and LSPs that can see everything.

It's used as a glorified Paypal for most (and worse because almost no adoption in comparison)

BHN 🍁 1y ago

Which may, or may not, lead to future issues. Is the Czech Republic working on a CBDC? 🤔