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Lots of different metals could have been used instead of gold as money (platinium, palladium etc) but gold won everywhere on earth for some reasons, timing reason mostly (to costly to extract back in the day etc...)

Monero may have the required quality to be a good money but it's not perfect either, and it already lost the race against #Bitcoin IMO (again a timing and network effect issue)

Their is more txs in 7 bitcoin blocks that in a whole day on the monero network.

Papa Figos 2y ago

I don't subscribe to the "no second best" nonsense, the cultism of some people (and almost all of the maxis) blinds them to some pretty obvious things.

It's no coincidence people naturally resort to the word cultist to describe such characters, it has to do with dogma. They are full of it, and are blind to the facts as a result.

All the tribalism is really unnecessary. Monero does onchain privacy much better than Bitcoin, and it's a lot cheaper too.

Therefore for use as digital cash, Monero is better suited.

I still wouldn't save large amounts in Monero, the same way I wouldn't use Bitcoin onchain other than for savings, because of the atrocious privacy it offers.

I'm in this for the freedom (number go up is nice too of course), and further normalizing the mass-surveillance of every payment of every person is not the way forward.

#monero is just another tool. Use it (always-on privacy+anonymity) or lose it (let the State criminalize financial privacy even further).

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Discussion

086564b2... 2y ago

I don’t see how BTC can become a digital cash. Unless more forks are done. Its open block chain killing privacy. Its non dynamic block sizes making fees insane, takes long time to move, etc. (Lightning has issues as well).

Monero took over the deepnet market and every market that starts to accept it. It is truly private, costs pennies to move, and fast.

Louferlou 2y ago

Privacy by default would be better indeed, but Lightning offers already pretty good privacy for the average honest user (not to protect again states spies though)

Lightning still need to be improved for sure but eventually it will be good enough, but you are right a soft fork for convenants could maybe help to build better L2s.

The dynamic block size of Monero doesn’t solve everything, at the end it still relies on a fee market to avoid spam so in case of mass usage, L2 would be needed anyway. For the moment it’s still cheap because pretty unused (1 tx every 3 sec…) but don’t believe that Monero is perfect

Saberhagen The Nameless 2y ago

Monero isn't perfect, but it is better than Bitcoin as a digital cash

Large sharp spikes in demand would increase fees on Monero, but because of dynamic blocks it would adjust to accommodate them over time and fees would fall again even if that demand persisted. The same cannot be said of Bitcoin. Fees will climb and stay high with more demand no matter how much time passes

086564b2... 2y ago

True privacy.. I am talking protection from rogue governments who want control of everything.

Bitcoin gives them full sight of the blockchain, what you are buying, everything.

Deepweb markets had to switch from BTC to XMR. And many other market places are following this manner.

Basically you hear of BTC maxis saying “HODL” “COLD STORAGE” basically it’s like fancy paintings that they have to put in deep storage because they can’t spend it. (Or at least why spend expensively and all in the wide open?)

Monero is truly fungible, spendable, private, cheap to move, etc. A child can remain safe by using this.

BTC - Cold storage? For what 50 years from now? Then what?

Saberhagen The Nameless 2y ago

Ironically, even Michael Saylor, the person who made that beloved maxi quote, said "Maybe you need a Monero"