Replying to Avatar Ava

me: monero is an awesome addition to bitcoin (it is), one for stacking, the other for private spending

the church of satoshi nakamoto of latter-day bitcoin saints:

#m=image%2Fgif&dim=360x360&blurhash=U7B%7By6JC00%7D%40MKIpPV-U%25N%24%23MxIo0Ls.%5EkI%40&x=7ca64596798d52d8d04e9a72fae20d32b7d94772c643af46a71cbdf5c551782f

lol. not saying this about everyone, love my bitcoin fam, but it needs to be said that the 'toxic btc cult' reputation seems well earned for more than a few of you.

it's generally the one's who just parrot blanket 'btc is the saviour, everything else is a shitcoin' statements, don't speak with their own words, link to sources they don't really comprehend, think nostr is private, only recently learned why they need a vpn on the internet and don't actually understand how all this privacy stuff works.

harsh? yes. so have recent comments been. bring it. love the free speech.

again this is not for most of you #plebchain. most of you have level heads and still love bitcoin. i am an avid bitcoiner, but i don't drink the cool-aid and ignore it's shortcomings.

bitcoin is about freedom. privacy is essential for freedom. it is complicated to have privacy on a public ledger. bitcoin is an awesome store of value, but it needs a 2nd layer for greater privacy and to solve the fungibility problem. lightning is maturing. cashu is also maturing. monero solves the spend issue now with privacy baked in on a protocol level. it is currency. it's meant to be spent.

#cybersecgirl #privacytechpro #bitcoin #monero

Though I partially agree with the concept, the problem is you'd still need to convert your Bitcoin to and from Monero and that touch point is really difficult to maintain privacy.

Also, for spending, you'd need a wide adoption, otherwise you'll be forced to spend to a third party who can facilitate payments from one currency to another and when said money cannot store value effectively, adoption is even harder to catch on.

Or am I wrong?

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Discussion

With Bitcoin becoming a darling of the banking industry and Monero being delisted off exchanges, do you think the price of monero will keep falling?

Not sure what you mean. The price of Monero is not falling. "Monero price is +58.66% over the last year."

https://www.kraken.com/prices/monero

Delisting Monero makes it more private.

nostr:nevent1qqsfk42x9grmk0judp88svql3q9qspe474ap4z77e96yeslxxmg6frspzpmhxue69uhkummnw3ezumt0d5hsygzwhzp3p445ak2ud4n289dn6084txu9ltkg7a53mt75qk5jup2ad5psgqqqqqqshhn80y

I meant against Bitcoin. My point is that I don't think that trend will continue indefinitely. if Bitcoin increases 10x, it will be a sizable percentage of global wealth. It is bound to face head wind as it starts affecting the price of other assets. Attempts to constrain it to digital gold will open the way for monero to grow as P2P cash. long term I don't think the downward trend against Bitcoin will continue unless Bitcoin privacy increases and it improves as P2P digital cash. Monero is either the catalyst to force Bitcoin to remain relevant or the future.

Fixedfloat does Lighting - > XMR swaps. Couldn't be easier to maintain privacy.

that's nice.

I've just noticed that XMR to BTC / BTC to XMR is actually the most popular pair on FixedFloat.

It's not ideal but it does help a lot.

It's useless. Fixedfloat has all the information about swaps.

Yeah, that's in the 'not ideal' part. I was being polite.