the problem is that holding shitcoin is bad for you then you need to swap from bitcoin. Then every shitcoin tx need to consider bitcoin miner fees for the swap, or the price of holding the shitcoin and devaluing your funds.
Also very shitcoiner has a favourite shitcoin. There's no way to obtain a second shelling point that holds strong the network effect (monero is the n-crypto out there and "blabla people really uses it" is a narrative, the reality is pretty noone uses it). So adding shitcoins to your set of tools wouldnt be better for your trade because I domt want shitcoins pay me in bitcoin, other people would accept ethereum or bitcoin, other their shitcoin and bitcoin...
In the end shitcoins are tool that decrease efficiency of transactions wherethe scam is the only feature they really offer.
Fir ecash, scam is just one of the poasibility, hopefully the less interesting.
You will understand the significance. Many people needed some time to understand Bitcoin (and most are still in the process). And again it takes time to understand that Monero isn't just another shitcoin, but the fulfillment of earlier cypherpunk promises..
I frankly used monero and I used to think it was special and cypherpunk, it takes time to me to understand why it is just another shitcoin and that there's no second best.
what happens when people will accept only monero. because you're right, there is no second best when you need to protect your privacy.
this is marketing bullshit, it is a centralized shitcoin with zero anonset and bad tradeoffs.
Greedy people holding monero in the expectation than people will use it in future and be at the base of the piramid are already loosing money and will continue to loose money.
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Dude you're a mess
You hate shitcoins...yet like Ecash. A fucking IOU that can rug you at any moment and be printed to infinity AKA a shitcoin
You say "noone uses" Monero, yet literally N O B O D Y (for real) businesses or otherwise accepts Ecash. Making lightning payments from a mint is not using Ecash
All the excuses you are using for Ecash "just use small amounts" "tradeoffs" etc can be used for any other shitcoin you don't like
no bro, ecash replaces actual custodial in lighting network with a better private service, it has his tradeoffs and is a custodial solution for low amount.
It's a layer over bitcoin that laverages the value of bitcoin utxos and doesnt scam people crating a new insostainable digital value trending to zero over time (like shitcoins) and it doesnt require on-chain swapping. It could provide real utility if adopted for a private cash-like hot wallet use case.
Whats the use case of monero? Attending that the money vanish going to zero? Attending that the next hard fork will end it at all? Swap periodically in bitcoin, so paying in the end more on chain fees? Or attending that finally monero is adopted and people really start using it; oh whait, at this point the 16 signs per tx would explode the utxo set and grow the blockchain making it unverifiable with normal PCs... Hopefully to solve that the guys are rushing for the next non-retrocompatible consensus hardfork full of experimental stuff that will be absolutely bulletproof to bugs and unintended conseguences, like the last great idea of p2pool and splitting miner payments in so little tranches reducing the anonset of transactions even less then before if it was possible...
What's the use case? Fungible, self-custodial money.
Who even uses BTC in other ways than holding it at some custodian? Almost nobody.
almost everyone that want to preserve their wealth use bitcoin by storing it in a self-custodial secure and private way, de facto using it to not be taxed or having confiscations from their governments
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Just say you like shitcoins instead of doing all these mental gymnastics
Custodial is the worst kind of shitcoin. It's the entire problem Bitcoin was trying to solve
If you're rugged and/or no one accepts ecash from your mint the value of it equals zero
You say no one uses Monero supposedly. So name a few businesses or markets that accepts Ecash (not lightning payments, actual ecash tokens) because there are none
ecash is new in the game, I agree that today is not widely accepted. I think a good, honest (in his claims) custodian is much much better that shitcoins.
Custodians provide services in exchange of fees + counterparty risks. I dont see nothing bad on something that permit to have better custodians for the cases where someone would need it.
I see a lot of cases where I would use a custodians that give me near perfect privacy and transaction efficiency, knowing that this service is fully based on trust and it can rug me. A great benefit of ecash is to lower the barrier to be a custodians, and bring more competition and more choice; so I would pick what I would consider the most trustworthy custodians to dont rug my 20 bucks.
I frankly never need shitcoin in my life and dont see utility. Also with shitcoins the rug is certain.
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