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What I wanted to say is that the problem is that Bitcoin makes rises in just 9 days a year, if it so happens that one day of those days you are in Monero, then you are much poorer.

Poorer in terms of what?

You're measuring in fiat, something that you say is bullshit half the time and only bring out to rely on when you want to shit on Monero and other assets.

Monero loses purchasing power relative to bitcoin, do what you want, it's not my problem, don't come here to convince me of your bullshit 😂.

*as measured in USD.

which is a bullshit measurement.

congratulations you're a fiat maxi.

You're retarded 😂

wtf do you think "purchasing power" is measured in moron?

except the unit of account?

OceanSlim 1y ago

Bitcoin is the unit of account. This is why you're still a shitcoiner. You're the fiat maxi... Using USD as your unit of account still.

nice story bro

you don't personally change the UOA because you divide by 69K.

That really is retarded.

The UOA is what *prices are set in*, which is USD.

for example,

(ETH/USD)÷(BTC/USD)

is a USD denominated chart

get it straight.

OceanSlim 1y ago

You can set prices in BTC and I do. You can set prices in Monero too but that's a bad reality you can't seem to handle.

OceanSlim 1y ago

If you just want to measure USD too. You can do that with any fiat. The point is it's all going down against BTC. You are obsessed with USD. You don't need it to measure other currencies against each other.

Alex 1y ago

Let’s measure in how many steaks you can buy 😂

exactly

durrr

the unit of account is ribeyes because i did division

durrr

Alex 1y ago

Cope harder 😂

falsefaucet 1y ago

You choose the denominator then. Do you want BTC as the denominator. Here ya go. We both agree that's a way better measuring stick than fiat.

I stand by my opinion, monero are for those to be think using Bitcoin privately is impossible/ too hard OR value privacy over auditability

Just don't act like it's trending down in only fiat

jfc you too?

again.

that is a fiat denominated chart.

it is a graph of the function

(XMR/USD)÷(BTC/USD)

there are no BTC denominated charts while USD is the unit of account because *that's what prices are*

everybody in the world is using USD as a uoa but bitcoiners think they can change it by doing division lol

falsefaucet 1y ago

Please enlighten me in how to evaluate the appreciation of an asset then.

Like I'm no mathematician but the denominator for both are depreciating at the same rate considering it's the same.

Should I value it in hydrogen molecules?

the denominator is USD *price* homie

its not the same.

as the USD denominated price of an asset changes

the trading pairs fluctuate accordingly.

falsefaucet 1y ago

I see what your saying hang on then.

Sovereign Being 1y ago

From my perspective, you would be using Monero as a means of transacting, converting it from Bitcoin as needed. I really don't see why the two can't coexist since Bitcoin obviously isn't fulfilling some of the things I believe it should be.

Privacy coins not existing at all wouldn't be a good thing (to me) if the same doesn't exist on Bitcoin.

This is precisely the use of Monero that I have analyzed, but it is neither economical nor practical, so I am not convinced by it or any of the other methods I have mentioned.

You can go to a casino and get a profit in 9 days out of a year.

Monero isn't a casino coin. It is a coin that assures your privacy. My stack never goes down in value because 1 Monero = 1 Monero.

If you want to speculate in coins, learn about forex instead of confusing that with cryptography.

😂 then you don't understand anything about finance, Monero is just a privacy tool, Bitcoin is digital gold, stay poor

Deleted Account 1y ago

Monero said something on Reddit about:

We’re in a war bros

Never read it but it popped up on my screen.

📺 Me: 🤔 They just now seeing that. All good. 😊

inpc 1y ago

Or a bros war?

Deleted Account 1y ago

Doesn’t matter to me. Ima #bitcoin only Bee 🐝

Information warfare is where I’ll choose to work now. Even if cybersecurity isn’t my specialty. Boots on ground was. Constant learning is good. #AI is here too …

Not me, already rich enough to retire since my 30s. Was an early bitcoiner in 2009 and continued mining afterwards in Monero until now.

You keep spouting stuff like a federal agent would argue and try to ignore the obvious.

Monero will continue increasing in price. Anyone stacking today will still see it growing 2x, 3x, 6x without effort.

If you didn't understood bitcoin in 2009, you won't understand monero today.

Keep larping, you sound more like a paid agitator that anything else.

Justin Trudeau 1y ago

Bagholder.

"Monero will continue increasing in price"

tail emission inflation though? there is no cap to monero, but it will self regulate a price based on demand and supply for the FX.

So it can "continue increasing in price" but that's just inflation, which is good.

You won't care about these things since you use casino coins mined in chinese farms, however, in private coins there is a focus to keep rewarding the network maintenance done by tens of thousand people at home with their personal laptops.

It will take 50 years to increase 50% of the coins in circulation.

50 years.

I'll repeat again: 50 years.

Crypto isn't around since 25 years and you are FUD'ing about 50% circulation increase in about 50 years from today as if that is a good argument to adopt fedcoins instead of cryptocurrencies worthy of that name.

relax

Not my friend, just hanging around the same BBS that time. Internet was smaller, got even smaller to those talking about shady tech.

Authorities, criminals, crypto academics share the same tech circles.

In 2009 there was nothing. No mining pools, no exchanges, nothing to use "bitcoin". Just solo mining and a lot of CPU burn, sure I've done it. Was a fun concept, but was far more profitable to write daytrade bots and skim stock exchanges in those days.

Crypto coinage didn't appear overnight out of thin air at some public forum or mailing lists. We'd be testing and breaking whatever others would post there.

bro bitcoin is not digital gold, who lied to you?

Bitcoin is digital gold and bitcoin is money, bitcoin is what gold was 2000 years ago.

At what point in the white paper is it referred to as a gold?

https://primal.net/e/note1z5q0z3jafw36paxhl4h978fq5pg96qus5gnjpr3qsz08aejffv2qcwnmmd

Ah yes,

"A store of value"

"Gold"

"I don't trust economics I make my own shit up"

Clearly, and it shows. I'm not going to correct this thinking.

Go read the whitepaper again, because you're missing the point.

We don't need digital gold when we have gold already.

If you don't understand an analogy it's not my problem, you're a troll and you know it.