Replying to Avatar Tony

Monero fans are gonna freeeak 😂
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StackSats.IO 2y ago

What Monero fans fail to understand is the adaptive nature of Bitcoin.

If Bitcoin is forced underground, or it’s made illegal in many jurisdictions - tools will emerge to counter this, to improve privacy, to make it easier for use in those circumstances.

#[4]​‘s video talks about the different states of the Bitcoin network - Monero fans assume the status quo is the only state and never factor in how the network will react when threatened, attacked or openly warred with which is why they’ll never surpass Bitcoin.

https://youtu.be/X_xgmVLyB94

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Highsselhoff 2y ago

It seems that most assume the status quo and ignore innovation.

It’s why all models are broken 🤷‍♂️

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StackSats.IO 2y ago

Praxeology is a foreign concept to most but even Bitcoiners who don’t know it, usually are above average at deductive reasoning.

It’s why I take issue with goldbugs and not normies. Most normies never learned how to learn, they’ve never figured things out for themselves so they can’t think like this, they just get fed opinions.

Goldbugs know the money is broken and understand why gold is superior money but then act like obtuse fuckheads because humanity found a better technology in Bitcoin to replace gold.

.Where Bitcoiners see a world in which humans can flourish, Goldbugs see a world where humanity is doomed but can still trade.

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bevo 2y ago

Praxeology New word for me. Even after googling it and reading still not confident I could use it the right context.

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StackSats.IO 2y ago

You’re in the Bitcoiner with deductive reasoning camp already mate, if you studied praxeology it would quickly click for you.

Consider it the framework for using this type of deductive reasoning to understand economic activity and behaviour - it’s the same for how the “conspiracy theorists” keep predicting the future.

Ludwig von Mises book ‘Human Action’ is the praxeology bible, it’s a bit heavy but for me at least it added order to my mind and made it so much easier to process things but also to challenge my own assumptions.

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bevo 2y ago

Yer how I understand it is I am making decions based on facts and logical reasoning as opposed to reflexive. Like selling Bitcoin because Cramer said I should. ???

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StackSats.IO 2y ago

Yes. You strip back to first principles and go step by step through a scenario from there.

I picked this up in concept from my late uncle. He built his own house, his extension, his Hilux canopy and a few fishing inventions. He’d be quietly doing things then swear a bunch and stop what he’s doing, have a dart and verbally process what he was trying to do out loud and what wasn’t working, then finish his dart and solve the problem.

Praxeology is like the University level of this processing. Kind of like learning chess, you can see a few more moves in to the future but now you can see some of the other plays and what might lead them to develop too.

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bevo 2y ago

Sounds like I would have got on well with your uncle.

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Saberhagen The Nameless 2y ago

As long as Bitcoin remains a transparent ledger, it will always offer subpar privacy to Monero.

Any L2 privacy comes with a trade off of custody, final settlement, or centralization.

So I believe you are wrong. So much friction and pitfalls in staying reasonably private with Bitcoin. That is why Monero is slowly taking over DNMs.

Is it easier to hide mining with an ASIC (sound + energy draw) or blend in and mine on practically any general purpose consumer hardware?

I'm not saying Bitcoin will collapse or that Monero will overtake it, but that Monero operates better in the dark and in adversarial conditions more easily.