Lmao so we've now gone from "Ha you can't use Monero to buy these books you have to convert it to dollars first" to "Bitcoin can't either"
In that case what a stupid point to bring up in the first place 🤦♂️
Yea that's how much Bitcoin has fallen out of favor as an MoE that even a shitty pegged to the system permissioned coin has usurped it. A squandered opportunity at a pivotal point in time. It's really a shame and I say that with no glee.
You were the one flexing Monero’s ‘real usage'. I just pointed out neither one buys those books without touching fiat and you should probabaly convert it to fait soon before your shitcoins value is 0. MoE isn’t the only purpose of money. it’s actually the smallest. Most wealth isn’t high-velocity, it’s stored. That’s why Bitcoin scaled up to base money, while Monero stayed stuck trying to be spending change in a closed loop.
>"neither one buys those books without touching fiat"
>"Bitcoin scaled up to base money"
🤔
Money is the most saleable good. Bitcoin is obviously not that even by your own admission. Sorry to inform you that we're all bartering with digital tokens here.
Calling Bitcoin 'not money' because it's not the most saleable good right now misses the point. Monetary assets don’t start as MoE. They become it after establishing trust and value. Bitcoin is scaling into that role globally, while Monero peaked as spending change in a closed loop. We aren't bartering tokens, we're watching one of them actually monetize and the other loose to two dog coins haha
Being the most saleable good is literally what makes something money or not lmfao. What you're describing is called speculation. Every trade that doesn't involve money is bartering that currently includes Bitcoin and might always.
It’s funny how you’ve dropped Monero from the argument entirely. 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. That is a textbook answer with no nuance. Every historical money has gone from store of value, medium of exchange, and unit of account. That’s not speculation, that’s monetization. Bitcoin’s on that path. Monero’s still trying to get invited to the table. But monero bros would never let that happen cuz it wouldn't be "cool" anymore. You all would just move to the next project cuz you are hipsters
>"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.
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
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.
