Global Feed Post Login
Replying to Avatar Low Information Voter

Believe it or not, but I 100% agree with what you wrote there.

As I've written elsewhere, the three most valuable features of any financial system are adoption, adoption and adoption.

#bitcoin has it.

99.99% of #altcoins don't, they are purely speculative in their uses.

#monero (XMR) is the exception that proves the rule. Its value proposition is the ring signature - every transaction is a mixer. That's why its not listed on KYC exchanges, but is often the only currency accepted on many darknet markets.

#monero's economy, other than mining, is almost entirely whores, poker and blow. This also describes #nevada, I hear :-p. But that is a real economy, and why its also why its extraordinarily stable for an #altcoin - its a medium of exchange more than a speculative asset.

#bitcoin is my #1, and ~90% of my holdings.

#monero is #2, and about 10%.

The others, yeah #shitcoin is not an unfair descriptor, but if I find another gaining real world adoption I'll look at buying it.

Avatar
BITwise 🐳 >>= RIGHTish 2y ago

I don't hate on montero, it has a use case. But I do think it's use case is waning as I believe privacy on bitcoin is getting better as more tools are being built around it.

Reply to this note

Please Login to reply.

Discussion

No replies yet.