Lmao. Haters gonna hate. Monero will never be a store of value, but it is legitimately handy for making anon transactions without all the possibilities to shoot yourself in the foot like Bitcoin.
That's also probably a big reason why I'm such a proponent of no KYC. Just because it makes Bitcoin a lot easier to use sedonymously. If your stack doesn't have KYC to begin with, it's much easier to spend it anonymously.
I had a KYC stack of Bitcoin in one of the addresses in my coldcard until I accidentally combined the wrong UTXOs in a transaction in sparrow wallet. After doing that those two UTXOs are forever associated with each other. 🤷
*KYC-free stack I meant
This is an era where most people will only acquire bitcoin by purchasing it from an exchange. Millions of people doing this. So they’re all doomed? I find that doubtful personally
Monero and coinjoins and these tricks are used by cypherpunks who are orders of magnitude more concerned with privacy than joe schmoe, and they’re great and valuable - but we’d have to be living in a very serious authoritarian dystopia for having bought kyc corn to be some kind of death sentence
I feel like the more utxos move around and lightning/L2 activity occurs, the less confidence chainalysis models will have, and it will slowly lose its efficacy over time. So the more spending and p2p transacting, the better
Most people have nothing to hide today. That's true. 🤷
I wouldn't say never
It's an ongoing discovery process
The market is always reevaluating
