Don't be fooled by shitcoiners, if you understand Bitcoin then you understand why no other coin will hold value
Discussion
I know it won't hold value, what interests me is the privacy aspects.
You don't even know how the privacy works, I've heard of cases of it being traced but even if it is private, another more private network can come around but if they are not holding value then they are useless because you will either have money that keeps trending to zero or you will need to swap it to better money which compromises privacy, Bitcoin layer 2s have a better chance at privacy, especially as the network grows and utxos are not used that much because a Satoshi is worth so much
I know, I don't know much about it and I certainly won't get invested, but I am intrigued.
My advice would be to ignore the bullshit, it is essential for tokens to hold value otherwise it doesn't matter how private they are, monero people are trying to get liquidity from Bitcoiners by spreading fud but feel free to learn the hard way, this isn't my first rodeo on being sold shitcoin propaganda
hi there, i hope you wouldn't mind going into details about xmr privacy and explain why it's not up to par compared to what others say? thanks
We don't want your Fiat Units.
We want our privacy respected.
You can't reason with crack heads
Yeah, which is why you're being unreasonable.
Very original, I know you are what am I
No one else even mentioned drug addiction so clearly you're projecting
Just like how these monero guys were projecting fiat onto me, I don't care what you guys want to use, all the best, to me it seems you are new to the space, monero has the same delema as sol, eth, xrp and millions of others, it doesn't have a moral high ground because it's private
I mine with spare laptops and swap it for Bitcoin right away.
I will mine anything if I can swap it for Bitcoin.
At the end of the day.
More Bitcoin!
Exactly right! I am most interested by the privacy aspects, have no interest investing in it.
You may as well just mine Bitcoin directly even if it's a bitaxe, if everything trends to zero compared to BTC then you will be getting less sats over time the more you mine shitcoins anyway so over a lifetime you would have the same result by mining BTC and your helping secure and decentralize the network
I have more than 1 NerdQaxe ++ Hydro, Canaan Avalon 3s, Canaan Avalon Q, Brains Mini Miner, and many more.
I also have dozens of spare laptops and desktops that cannot mine bitcoin directly unless its with something like NiceHash which isnt really mining BItcoin directly. So i put them to work mining monero.
Again, more bitcoin at the end of the day.
Or are you saying I will earn more satoshis using those laptops on nice hash??
I don't know what nicehash is but if it gets you sats then yes, I would even go as far to say you may get more Satoshis by getting rid of laptops that you don't use and can't mine BTC with and swapping for something that can
I use Monero to buy Bitcoin non-KYC.
I said the same thing in the past. But there's a lot of resources to learn about Moneros privacy and how it works. There's not another currency like monero that's private like it. There's similar but not the same.
Bad opesec led to users being exposed, not the actual use of the currency itself.
Bitcoin L2s aren't all private and don't have those guarantees. The only one with the best is Lightning which is difficult to set up and centralizes over time and with the possibility of still being doxxed, Liquid network is just you trust them signers not to rug you, Cashu is just a currency backed by Bitcoin and you're hoping that the mint doesn't rug you, Spark can expose you and are very centralized.
You can get to the point of anonymous on Bitcoin. But it requires a lot of work to get it done. I've been doing it for a while and its a lot of work to maintain, which isn't bad. But if we want to claim that Bitcoin is better than Monero we have to realistic and honest.
#Monero #Bitcoin #BitcoinL2 #Cashu #Liquid
My main point is it's essential for coins to hold their value otherwise it doesn't matter how private they are and no privacy focused chain will ever hold value because of the dilution effect of competition
Let me ask you this. Do you use Bitcoin as 1BTC=1BTC or do you price things as BTC/USD?
If you value more the Fiat exchange rate than the actual currency then store value is moot, just go to fiat if it ultimately is value of the Bitcoin. If not then fiat prices shouldn't matter for the currency. Its based on the energy expended to create and maintain it that is the value of the currency. NGU is such a stupid metric to determine the value of a currency. It keeps us stuck relying on Fiat as the currency.
#Monero #Bitcoin
I'm pricing everything in sats and everything gets cheaper over time and is worth less sats
i get that you're into trying to hold/grow your value relative to other commodities/assets/whatever. that's basically your decision/calculations.
what i don't get is why you're so quick to disregard the actual utility and function of something like xmr? like another said, doxxing usually happens because of sloppy opsec and while there can be different attacks like black marbles, etc, i don't see any of that as being any good reason to dismiss.
Tell me the use case of a private token that consistently loses value over time?
1 XMR = 1 XMR
Privacy is important because without privacy there's no freedom. Its also good as a currency because no one can track what you're spending on and won't reject your coins if they've had a dirty past.
Bitcoin has limited room to grow. One more 10× increase would bring its market capitalisation roughly in line with Gold. But if that also means a 10× increase in transaction fees, it would end up functioning much like physical gold: expensive to move, concentrated in custodial institutions, and subject to intermediary fees. Unlike gold, it also carries a significant social attack surface and provides far less privacy in its current form. I don’t see a strong case for a valuation much higher than that under present conditions.
For Bitcoin to scale further, another 10× beyond gold and become the backbone of global value, it must do a better job at being money. That means achieving both scalability and privacy without recreating the same banking power structures it was designed to disrupt. If routing fees and economies of scale end up favouring large intermediaries, the system risks centralisation similar to today’s financial system.
By contrast, Monero stands out as one of the few projects with genuine use, adoption, and built in privacy. As the world moves deeper into surveillance, privacy will become increasingly valuable.
If Bitcoin can integrate effective privacy and scaling solutions that prevent banks or large intermediaries from extracting rents, then it can unlock the remaining 100× of real growth potential. But the probability of this happening without strong competitive pressure is low.
So there’s a strategic choice:
Stay Bitcoin only and accept a capped upside, similar to gold’s role.
Or support Monero and benefit as it grows into a serious competitor, pushing Bitcoin to evolve into something more decentralised, private, and genuinely useful as global money.
Competition between these two could ultimately deliver a fairer and freer financial system that captures more value overall.
You can't reason with crack heads
Dude resorting to insults means you are losing the battle. Be better and use actual points, I know you can. Otherwise take the time to learn and understand the other side.
Once I did that things made a little more sense and gave me a few ideas to work on to help improve Bitcoin and Bitcoin Opsec education.
I got exhausted arguing with to many of you at once and you won't agree with me no matter what, I resorted to insults after getting insulted by a small army, so I think it means I already one
And you can’t party with bankers. Everything is a trade off.
You aren't pricing in sats you're still pricing everything in BTC/USD that's why fiat costs look cheaper. Truly pricing in BTC keeps prices the stable and aren't dependent on Fiat for its value.
KYC Bitcoin is not going to provide privacy.
It's not even the privacy that interests me with monero it's the fact that it's actually used as money and not used as a speculative investment by wallstreet gamblers like Bitcoin or shitcoins
In most cases, The reasons Monero was deanonymized was due to swaps out of Monero.
The main vulnerabilities for Monero are connecting to Malicious Nodes, and dust (sending small amounts of monero to combine with spend outputs, and using that known output to track movement but those both can be counteracted, there was just a monero update to mitigate malicious nodes but that doesn't matter if you run your own node, and dust can be counteracted with churning, & sending between 2 seperate wallets.)
There is an old series called Breaking Monero by Justin Ehrenhofer who was a former, and notable Monero contributor before leaving to join a CoinTracking Company.
Some of the information may be outdated especially regarding ring signatures, as the new update (coming soon) FCMP++ will basically make deanonymizing Monero impossible unless they had hardware level access to your devices which is also a vulnerability for bitcoin, and anything else.
https://youtube.com/playlist?list=PLsSYUeVwrHBnAUre2G_LYDsdo-tD0ov-y
Study the "Breaking Monero" series. With FCMP++ normies are covered quite well even more so if they use tor to connect to their Monero wallets.
No one should assume that Monero is nearly enough if you are in a highly adversarial environment. You need to practice very well thought out OpSec then. Cameras in meat space or friends stock phones might still compromise you.
If you understood Bitcoin then you should understand why monero is not just a shitcoin scam.
Bitcoin
Altcoin
Shitcoin
Three different things
You think there is a difference between alt coins and shitcoins?