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#asknostr

Bitcoiners: why aren't you embracing Monero also?

Have you ever heard the saying "don't put all your eggs in one basket?"

You can be a bitcoiner and also recognize the merit of other projects when appropriate. It doesn't need to be some tribal nonsense.

Diversify for f*ck's sakes 😂.

Prisoner24601 2y ago

My perspective is that the price in dollars is the economic signal that speaks for itself. I had Litecoin and Dash for a long time then traded into #Bitcoin because all other have declined relative to BTC over the last 6 years I have held them. Value is subjective, but clearly the market overall values Bitcoin more than any other digital asset, as reflected in the price in dollars. Bitcoin is making global waves. From a distance, diversifying and just wasting resources on useless things look similar. People who diversified into mortgage-backed securities or NFTs didn't do themselves any favors. I'm not convinced it makes sense to diversify into assets that decline over time or that are purely speculative. Everything over 21 million - diversity is overrated.

#nostr #nostriches #plebs #plebchain

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Discussion

Compelled Speech 2y ago

Fair enough take. But what if Bitcoin gets compromised? Its not as decentralized as most people think.

Maxis great Bitcoin as some sort of holy religion. It's a cryptocurrency and probably the best one there, but its nonetheless foolish and anti innovation to not examine other projects when they hold merit. Most do not, some do. "All altcoins are a scam" is a silly statement.

🐉AT ₿01 2y ago

You have been deceived the altcoins are all scams intended to steal your capital. Bitcoin is the only currency worthy of your value.

Compelled Speech 2y ago

You can't say theyre all scans. You dont actually know that. Most - probably. But its is a moronic statement. Are you in a cult 😂

🐉AT ₿01 2y ago

I can say that because there is no second best.

Saberhagen The Nameless 2y ago

"Maybe you need a Monero" -Michael Saylor

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

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

goatmeal 2y ago

this reminds me of when kids in school would say the PSP is better than the DS. it's childish nonsense.

🐉AT ₿01 2y ago

Hehe adults are the worst

Saberhagen The Nameless 2y ago

Bitcoin might historically be a great SoV

But it is not a great currency or MoE

Expensive, surveillable, and no/weak fungibility

You don't have to use Monero for your savings for it to be a useful p2p digital cash

ede3d957... 2y ago

If no one holds Monero it will not have any value for those who want to privately transact when they need it. It's marketcap will be 0. So whoever tells you to never hold Monero hasn't thought that through.

If you are a Bitcoiner and do not attribute at least 1% of your holdings to Monero you do not deserve the freedom it could provide you in the future when you need it.

Saberhagen The Nameless 2y ago

What I'm trying to say is that even if someone doesn't believe Monero will be a long term SoV, it's still extremely useful for transferring value short/medium term (cheap and private)

AU9913 1y ago

How do you use monero to transfer value if the other party wants bitcoin?

Saberhagen The Nameless 1y ago

Exchanges

trocador.app

kycnot.me

🐉AT ₿01 2y ago

Blah blah blah shit-coin.

Compelled Speech 2y ago

"blah blah shitcoin"

Bah bah sheep maxi

Make an argument like an adult 🙌

I am pro Bitcoin btw but would never rely on it

RealJohnDoe 2y ago

The #dollar and #prepping is probably your best bet for now. But someday soon. Bitcoin will be as ubiquitous as the dollar..🧡😊

🐉AT ₿01 2y ago

You need everything explained because you don't know anything. I am ok with that.

Compelled Speech 2y ago

Meh. You have nothing to offer

🐉AT ₿01 2y ago

Projection

ede3d957... 2y ago

There are only few Bitcoiners left these days that are not guided like the sheep they claim not to be.

Ask yourself: How would you have imagined the ...and then they fight you stage 10 years ago?

Would you have come up with the scenario that currently Monero (delisting, ban, price suppression) is facing or Bitcoin (KYC compliance, ETF, media coverage)

You know what: The revolution will not be televised.