Replying to Avatar Saberhagen The Nameless

>"Probably because you know it doesn’t scale beyond a niche. And no, money isn’t born as the most saleable good, it earns that status over."

In other words, you're trying to predict the future AKA speculation. Maybe you don't know this but Bitcoin doesn't scale globally either not even with Lightning.

>"That is a textbook answer with no nuance. Every historical money has gone from store of value, medium of exchange, and unit of account."

Accusing me of not being nuanced then proceed to say something without nuance. You just keep making assertions without the smallest bit of argument or evidence behind it besides what other bitcoin maxis told you.

Monero is already usurping Bitcoin as king of the darknet market despite Bitcoin having first mover advantage and being the largest network that is accepted on every exchange. Black markets are the only place relevant to Bitcoins value prop. Money flowing through permissioned white market transactions are a non-starter. It's tradfi with extra steps.
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Ferris Bueller 6mo ago

So now Monero’s entire value prop is that it’s the king of the darknet? Congrats, your coin peaked as black market lunch money. Meanwhile, Bitcoin’s building layered global infrastructure, and you're over here flexing niche criminal use like it's mass adoption.

And yeah, monetization is a process, not a prediction. Calling that ‘speculation’ just tells me you don’t understand how money emerges. Cope harder haha

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Saberhagen The Nameless 6mo ago

Any arbitrary rule by a centralized authority can be imposed on any transaction that takes place on the white market including Bitcoin. They can impose any burden they want to advantage fiat. Extra taxes on bitcoin transactions or "unrealized" gains taxes for hodlers to offset your "gains", require you hold it with their government approved custodians and give you IOUs to fractionally reserve, or even outright ban it.

Flexing cucked permissioned Bitcoin mass adoption is an oxymoron. Might as well use fiat at that point.

It's not money. You claim it will one day be money and NGU. Thats called speculation you don't know the future.