Replying to Avatar William ₿ Travis

XMR people are inherently pessimistic. they assume the KYC regime will continue. they are like goldbugs where their solution is only needed if govt power grows or the power goes off.

Meanwhile, Bitcoin is a positive force and reduces govt power by making transactions uncensorable. And as fiat fails, govts have fewer resources to enforce control. There is where KYC dies.

If the XMR folks want to fight with privacy coin more power to them, but they will be nowhere when fiat/KYC dies and their coin has no use case.

nostr:note1k7q0rm5mxpdek058ct66aecynj6aatc9q0fkhfvpdklp9xd95rpqegqtzv
Avatar
Currency of Distrust 10mo ago

Very well said. I have a gold bug friend that is certain that “US intel agencies will shut down bitcoin” and I always ask him what they’re waiting for. No real answer.

Reply to this note

Please Login to reply.

Discussion

Avatar
William ₿ Travis 10mo ago

most of the people I know simple can't conceive of the dollar dying. They also have no answer to the question: what happens to the dollar (FRN) when the Fed is shut down?