True you don't need to accumulate monero to make use of its unique properties, merely pass through it as a medium of exchange. Of course this is if you assume that bitcoin is the only pristine store of value and nothing in our crystal ball will indicate otherwise.
imo there are a number of ways that bitcoin can be captured at the state level or the corporate level. If that plays out then monero is my realistic alternative. The percentage of my Monero stack using bitcoin as my unit of account is so small, this insurance policy is an easy one to maintain. I hold 1:1 ratio of BTC:XMR and could in all honesty ride XMR down to zero. But if (and it's a small if) bitcoin PubCo miners get pressured by nation states or BlackRock et all fuck up the NGU party then I believe it'll be sats well spent.
I think where I differ from most is that I don't believe that Bitcoin is going to change the world. It'll create a new class of very wealthy tax payers at best.
I've been transacting between BTC, XMR and CASH most weeks for years and there has never been a shortage of buyers and sellers at my required liquidity levels. For me, XMR has never skipped a beat in terms of settlement, low fees and privacy.
There are low fees because there is a low usage rate.
There is no store of value because it is infinite & it's properties readily changed to fit a communist agenda (ASIC fork).
You can not audit the supply,
You can not audit the UTXO set,
You can only trust that it's working as intended without any inflation bugs.
Ok NGU bro. You follow Saylor too most likely.
Just to confirm to any Bitcoiner that reads this in the future, your previous statements on "criminals" mean you believing Ross should remain in prison for his double life sentence for his "crimes"? You hate criminals in bitcoin right?
Ross Ulbricht is not a criminal & didn't steal money from anyone.
I was very clear, in what I wrote, maybe you have a hard time reading...
Monero miners steal computing power from people & it's a major reason why ASICs were resisted.
For any future Bitcoiners reading this,
Please go through this thread & read the articles unlike this illiterate 🤡.
note1rc29zpjhajem6qmta7fw0j92jswlmutdc0wlpmffgpz0e0y23xwqgm3swz
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They love NGU even if FreedomGoDown. They will learn, or get burned and learn after.
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There are low fees because of dynamic block size. In fact, the more users the cheaper tx fees become.
Then don't use it as a store of value.
No Bitcoiner is taking advantage of it's transparent/simple math to scrutinize the blockchain anyway so that doesn't help you audit. Are you making sure every block that all inputs = all outputs? No, you just run your node and pay no mind.
So in practice what is the difference?
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