Replying to Avatar thoughtcrimeboss

On Monerotopia I heard a clip of Jeff Booth appearing on some podcast talking about how if Bitcoin fails as a medium of exchange then it also fails as a store of value. I think the Monero community has this part figured out, but I don't know how many bitcoiners realize just how important it is to actually use BTC and support businesses that accept it. Empty blocks are not good, especially when the security of the entire network eventually will depend on transaction fees. We as a community have the power to ensure Bitcoin succeeds by simply using it.

#bitcoin
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Papa Figos 8mo ago

It's not private nor anonymous, so I don't *use* it (on L1).

I wonder how many people make the same calculation.

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thoughtcrimeboss 8mo ago

I often wonder if BTC as savings account XMR as checking account is the answer....but that wouldn't solve the security problem once the mining rewards are gone.

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goatmeal 8mo ago

the dual use could end on the day that bitcoin developers stop wasting their time on stupid things. the spending/saving dichotomy is the wrong take. monero is for in case the bitcoin developers never do what they are supposed to do.