Replying to Avatar BitcoinStu

Monero's privacy makes it impossible audit. I would certainly not trust it to hold multi-generational wealth.

I don't care if the government likes bitcoin or not. My opinion of it is not based on the opinions of others, it's based on my own study of how it works.

You are of course welcome to trust whatever network you like. Best of luck.
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tuco 1y ago

https://www.getmonero.org/2020/01/17/auditability.html

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BitcoinStu 1y ago

yes I am familiar with the tradeoffs Monero makes. I am not interested in those tradeoffs.

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BitcoinStu 1y ago

Even if I wanted to hold Monero to protect generational wealth, it would be nearly impossible to buy that much Monero. And my trust in it's ability to secure that wealth decades into the future is not high enough, even if I could capitalize it in.

So no, you can keep your Monero.

ed
ede3d957... 1y ago

It wouldn't be impossible. But similar to BTC in its early days it makes sense to own some if it catches on.

Monero is not an investment. It is a fungible medium of exchange. But I believe it will be the best investment in the next decade dethroning BTC from #1 spot.

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BitcoinStu 1y ago

Monero is down 94% against bitcoin since 2017. So your theory that it will "dethrone" bitcoin seems to be contradicted by reality.