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Is there anyone who thinks Monero is a shitcoin?

I want to know your reasoning

Saberhagen The Nameless 2mo ago 💬 2

Monero quotes from current and former BTC maxis:

"Monero is a very good privacy complement to Bitcoin" -Nick Szabo

"I looked at all the other major cryptocurrencies that had adjustable blocksizes and the only one that I thought that didn't completely suck was Monero" -Jameson Lopp

"Maybe you need a Monero" -Michael Saylor

"For really strong privacy, Monero is much better" -Andreas Antonopoulos

"There's a lot of advantages to using Monero" -Matt Odell

"Monero is the only goddamn currency that's used!" -John McAfee

"Monero will be a champion in that space and we'll have a Bitcoin-Monero duopoly" -Max Keiser

"All fiat systems and all tokens outside of Bitcoin and monero (to my knowledge) have middlemen you cannot get rid of" -Adam Curry

"I would say Monero is not a shitcoin. I think it's a very innovative and new research project that works." -Max Hillbrand

"Monero; Just use it. Objectively it's better than Bitcoin [for privacy]...it's obvious" -Amir Taaki

"Monero is closer to our hearts than whatever Bitcoin is turning into today" -Samourai Wallet

"99% of cryptocurrencies are complete and total garbage, but even among the upper echeleon of real ones, Monero is in the top percentile, so it deserves our respect" -Paul Sztorc

"Surprising number of Monero lovers on #Nostr. It’s the only altcoin that I consider has a community of actual cypherpunks with similarly aligned values as bitcoin." -Guy Swann

"Monero has always been the altcoin outlier for me, never a shitcoin because I have a valid use for it that I can't achieve with #bitcoin." -Peter McCormack

"I have an issue when Bitcoiners get so closed-minded and says Moneros a shitcoin. No it's not. There's some brilliant people there and there's a lot to learn...I'm a fan of Monero." -Nicholas Gregory of Mercury Layer

"monero is the best of all Altcoins" -Calle

"To me Monero is the litmus test in Bitcoin...Monero is such a good money just technically" -Ragnar Lifthrasir of Guns N Bitcoin

"There are altcoins out there that have interesting ideas, but they are very very rare...if a couple altcoins exist, like Monero, where they actually have an interesting idea and a different model that's fine." -Peter Todd

"Monero is doing the job that gave btc its start." -Ray Youssef

"No, I don't think that Monero, Zcash, or Litecoin are scams." -Liam Eegan

"Your average Monero person is much more likely than your average Bitcoiner to value: privacy, freedom, cypherpunk values, not bootlicking politicians, etc" - Matthew Kratter

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Discussion

🇵🇸 whoever loves Digit 2mo ago 💬 1

I have never been a Bitcoin maxi but I also agree Monero is good

Joel Walbert 2mo ago 💬 1

I have yet to understand why its an either / or for so many people.

kyle-moore 2mo ago 💬 2

Because on a long enough time frame it is either or winner takes all

Joel Walbert 2mo ago 💬 1

That doesnt even make sense. Do you use a hammer when a screw driver is needed? Different tools for different jobs.

kyle-moore 2mo ago 💬 2

What do you see the current trade offs / tool set looking like?

Joel Walbert 2mo ago 💬 1

Monero for spending, btc (and gold and silver, to keep everything digital is pure madness and very short sighted) for long term.

kyle-moore 2mo ago 💬 2

Why wouldn't i just save in monero?

🇵🇸 whoever loves Digit 2mo ago 💬 1

Privacy means more complicated supply audit process which might mean it always loses the contest of value growth (unclear though)

kyle-moore 2mo ago 💬 1

Paper bitcoin has created more bitcoin then the protocol dictates and your worried about not understanding how to do monero supply audit?

🇵🇸 whoever loves Digit 2mo ago 💬 1

Paper Bitcoin isn't Bitcoin and I feel full certainty saying that

Idk if Monero could have counterfeit coins on its chain so I wouldn't put too much of my savings in Monero

kyle-moore 2mo ago 💬 1

Thats a you problem for not auditing

🇵🇸 whoever loves Digit 2mo ago

Nope, there's no point auditing when it would be too complex to explain to everyone and thus not change the result that Monero is perceived as potentially having counterfeit coins

Why did you even need this explained? Seems like you're discussing this in bad faith, wasting my time with bullshit

Joel Walbert 2mo ago 💬 1

Have at it. Not saying anyone shouldnt, but for me, thats for spending not saving. Diversification.

kyle-moore 2mo ago 💬 1

I think thats a current time issue that we have to deal with but on a long enough time frame the money will be chosen. In the 19th century you didn't have to diversify the money everyone was in consensus that it was gold

🇵🇸 whoever loves Digit 2mo ago 💬 1

And silver and copper... at minimum

kyle-moore 2mo ago 💬 1

Those where scaling solutions

🇵🇸 whoever loves Digit 2mo ago 💬 1

What do you mean?

kyle-moore 2mo ago

People used silver and copper because they couldn't reasonably carry and pay with gold flakes of gold for coffee. The exchange rate was often price controled by the gov for example 15:1. When the gov removed those price controls the free market heavily preferred gold and it sucked up the liquidity from the economy.

🇵🇸 whoever loves Digit 2mo ago 💬 1

The answer you already got was good but I would say:

Monero for purchases of all sizes, some donations

Doggie coin for savings, donations of all sizes, some purchases

Bitcoin for savings, donations, and purchases, especially for large amounts

Gold/silver also for savings

kyle-moore 2mo ago 💬 1

Why would i need to use all these. Sounds over complicated?

🇵🇸 whoever loves Digit 2mo ago 💬 1

The world is complicated and all of these are worth using. You don't have to use them, you just have certain risks and limitations for each one you take out. E.g. less privacy if not using Monero

kyle-moore 2mo ago 💬 1

Ok so what are those risks what are the trade offs. Thats what im asking

🇵🇸 whoever loves Digit 2mo ago 💬 1

Universal: remove one, lose more if whatever else you put it in dies/is lost

No doggie coin: more risk of ending up with weaker buying power than other people, if doggie coin continues growing faster than Bitcoin

No Monero: more risk of police state rising up, more risk of being blamed for stuff, possibly more risk of being robbed due to people knowing how much money you have, etc.

No Bitcoin: can't use with retailers that only accept Bitcoin, etc.

No silver: more risk of ending up with weaker buying power, if silver to gold ratio continues historic patterns

No gold: more risk of ending up with nothing if electronics fail, unless you have lots of silver anyway

kyle-moore 2mo ago 💬 1

So mostly your decision is based on fomo

🇵🇸 whoever loves Digit 2mo ago 💬 1

What are you talking about?

kyle-moore 2mo ago 💬 1

I just think that the free market will settle on one coin that will do it all scale/trustlessness/privacy. A god protocol.

🇵🇸 whoever loves Digit 2mo ago 💬 1

How? Why would that happen, how could it even work?

kyle-moore 2mo ago 💬 1

Because its inefficient to work intercoin for trade because of market volitility. Eventually everyone just will want to join the biggest chain that can accommodate privacy and scale without the risk of being rugged by custodial scaling solutions

🇵🇸 whoever loves Digit 2mo ago 💬 1

Then why are there silver holders and a Bitcoin inventor instead of just everyone using gold?

And what's the actual process? Like can you explain with step 1 step 2 step 3 etc how people will stop using gold?

kyle-moore 2mo ago 💬 1

Gold isn't used as money and hasn't been for some time. I don't really have the process mapped out its just what I think the market will gravitate too in seeking efficiency

🇵🇸 whoever loves Digit 2mo ago 💬 1

Gold is definitely used as money and has been for all of recorded history... You're not making sense

kyle-moore 2mo ago 💬 1

Who pays for things in gold

🇵🇸 whoever loves Digit 2mo ago 💬 1

Basically anyone? You could inherit or find some gold unexpectedly and go spend it tomorrow

kyle-moore 2mo ago 💬 1

You mean exchange it for usd

🇵🇸 whoever loves Digit 2mo ago

No, it's your choice. I meant spending it. Any good pawn shop will accept it. I would suggest holding it until the dollar collapses first, though

🇵🇸 whoever loves Digit 2mo ago 💬 1

That's not true but even if true would still seem like a reason to want both, not either/or

kyle-moore 2mo ago 💬 1

Have any qualifying statements to make regarding this?

🇵🇸 whoever loves Digit 2mo ago 💬 1

Not sure what you mean, I just definitely want both if one is gonna be gone someday

kyle-moore 2mo ago 💬 1

Why

🇵🇸 whoever loves Digit 2mo ago 💬 1

Idk what one will be gone, and if I thought I knew, I'd be concerned about that backfiring on me

kyle-moore 2mo ago 💬 1

So you dont want both you want the one that wins and your hedging your bet

🇵🇸 whoever loves Digit 2mo ago 💬 1

Since I remember you saying fucked up shit to me in the past, I've gotta point out that your wording makes it sound like we're not discussing a hypothetical you presented, and I assume that's not an accident

But also, what are you even saying? How do you suggest you'd hedge your bet without holding both in this case?

kyle-moore 2mo ago 💬 1

I'm saying hypothetically it would be more efficient if there was just one that could do it all and you wouldn't need to hedge

🇵🇸 whoever loves Digit 2mo ago 💬 1

Maybe, but that could also help power consolidate into a small group of people over time and then backfire

kyle-moore 2mo ago 💬 1

If a consolidated group of power seeked rent based on position then a new coin with better decentralition would outcompete the rent seeking

🇵🇸 whoever loves Digit 2mo ago 💬 1

Then that's not just one

kyle-moore 2mo ago 💬 1

Eventually we solve the problems and have the coin

🇵🇸 whoever loves Digit 2mo ago 💬 2

Seems unlikely, like people would always keep things changing instead

kyle-moore 2mo ago 💬 1

Theres not really an endless improvement to money. There are a number of attributes and i think they can be perfected in crypto.

🇵🇸 whoever loves Digit 2mo ago 💬 1

But you can still rebrand the perfect crypto approximately infinite times

kyle-moore 2mo ago 💬 1

Yes it's the consensus thats the unrepeatable part

🇵🇸 whoever loves Digit 2mo ago

I just don't think humans would ever form/keep a permanent consensus on one money to use

Junghwan 2mo ago 💬 1

None of them said that BS

Saberhagen The Nameless 2mo ago

Lol cope.

I really don't feel like digging for every single quote and timestamp on a Friday but here is most of them.

"Monero is a very good privacy complement to Bitcoin" -Nick Szabo

https://x.com/NickSzabo4/status/1347088215941861377

"I looked at all the other major cryptocurrencies that had adjustable blocksizes and the only one that I thought that didn't completely suck was Monero" -Jameson Lopp

https://bitcoin-takeover.com/audio/?name=2024-11-20_s15_e66_jameson_lopp_on_michael_saylor_bitcoin_ossification_paranoid_crypto_anarchism_.mp3

"Maybe you need a Monero" -Michael Saylor

https://www.youtube.com/watch?v=ccJ33hLaMF0

"For really strong privacy, Monero is much better" -Andreas Antonopoulos

https://www.youtube.com/watch?v=pC5vHoTX6fE

"There's a lot of advantages to using Monero" -Matt Odell

https://www.youtube.com/watch?v=7TbpvcAE5Eg

"Monero is the only goddamn currency that's used!" -John McAfee

https://youtu.be/FnKrMKo_WlU?t=398

"I would say Monero is not a shitcoin. I think it's a very innovative and new research project that works." -Max Hillbrand

https://bitcoin-takeover.com/audio/?name=2025-04-15_s16_e18_rockstar_dev_max_hillebrand_on_privacy_bitcoin_-_11.04.2025_23.37.mp3

"Monero is closer to our hearts than whatever Bitcoin is turning into today" -Samourai Wallet

https://x.com/SamouraiWallet/status/1298678086276468738

"Surprising number of Monero lovers on #Nostr. It’s the only altcoin that I consider has a community of actual cypherpunks with similarly aligned values as bitcoin." -Guy Swann

https://njump.me/nevent1qqs8ent0cq84fud0m6yz2j26gud49e3ndgew69jzn23a6kt78404svszyzu7we2xhgry2mknq8v7227yn7jguu9xhu3g90n6rtnjj3mpyq3acaugyca

"Monero has always been the altcoin outlier for me, never a shitcoin because I have a valid use for it that I can't achieve with #bitcoin." -Peter McCormack

https://x.com/PeterMcCormack/status/1536319095490199552

"I have an issue when Bitcoiners get so closed-minded and says Moneros a shitcoin. No it's not. There's some brilliant people there and there's a lot to learn...I'm a fan of Monero." -Nicholas Gregory of Mercury Layer

https://bitcoin-takeover.com/audio/?name=2024-03-24_nicholas_gregory_tom_trevethan_on_mercury_layer.mp3

"To me Monero is the litmus test in Bitcoin...Monero is such a good money just technically" -Ragnar Lifthrasir of Guns N Bitcoin

https://youtu.be/hFJu4TDRxUo?t=1961

"There are altcoins out there that have interesting ideas, but they are very very rare...if a couple altcoins exist, like Monero, where they actually have an interesting idea and a different model that's fine." -Peter Todd

https://bitcoin-takeover.com/audio/?name=2024-07-19_s15-e46-peter-todd-on-bitcoin-covenants_tail_emission_opentimestamps.mp3

"Monero is doing the job that gave btc its start." -Ray Youssef

https://x.com/ray_noOnes/status/1801333939379851539

"No, I don't think that Monero, Zcash, or Litecoin are scams." -Liam Eegan

https://bitcoin-takeover.com/audio/?name=2025-01-09_s16_e2_liam_eagen_on_crypto_graphy_research_-_09.01.2025_19.09.mp3

"Your average Monero person is much more likely than your average Bitcoiner to value: privacy, freedom, cypherpunk values, not bootlicking politicians, etc" - Matthew Kratter

https://njump.me/nevent1qyt8wumn8ghj7un9d3shjtnwdaehgu3wvfskueqqyq9lwe9p7jdpksl8l5pk3eqltx897wjzngfh8lxfrpv7dp9vm3rec3uyxr4