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chronic early adopter of decentralized tech :)

I don’t think the code is being maintained but there’s this https://codeberg.org/pluja/nerostr

Yeah. Someone was trying to tell me how Monero has a circular economy. Ugh sorry but no. People are buying gift cards only because they CANT cash out 😭

I think businesses usually diversify their holdings regardless of what they use to transact right? But yeah I agree they would want to “cash out” a lot of crypto that they get. That’s why liquidity in the on/off ramps are essential. It’s the death knell of Monero sadly.

I think they’re usually pegged to USD as a common reference point that people understand. But it can theoretically be pegged to anything if it’s done algorithmically. I’m just saying, we have these things and that is not the issue. I think the technology still remains the limiting factor. The UX is worse than fiat in the worst ways.

Monero shills be like “we buy more gift cards than bitcoiners!!!”

Yeah because you have no liquidity 😂

Btw, I said “differing means of various effectiveness” because they’re not all just pegged to an existing currency. You can have a stable coin that is just algorithmically stable to an arbitrary price even. I’m just saying, that is not the issue either.

I only bring up stable coins because you mentioned that the primary issue was being able to stabilize the price, right? I personally don’t need a stable coin. I’m fine with just being more frugal if the coin has less inflation than, say, gold.

It’s so that people don’t spam the same meme image 100k times. Huge waste of space. Just reference the one image 100k times.

Eh, I disagree with that. Because there are plenty of stable coins (through various means of differing effectiveness). But despite the stability, the technology makes it worse than cash in every conceivable way.

Seems like there was more merchant adoption in 2013 than there is now. Bitcoin has gone backwards

Now I’m going to have to remind myself of drivechain vs spacechain

Bitcoin has zero adoption because Layer 1 is unusable. No privacy, dust everywhere (bitcoiners are arbitrary luddites that never accept improvements).

The “circular economy” will never happen on Layer 2 because it’s byzantine, ruggable, and just sucks compared to fiat.

If “means of exchange” never happens, “store of value” never happens either. nostr:note1zz66938nr8eawfnncwyvpfz0yy222469fc7gk992gu8dtvx3ydzq9ay7ev

“And the name sucks too!” *spits on the ground* nostr:note1trh2a9gpvzshdg79cxujt28kmjpyk72necm5t2cs34z9r3g8llwqzsgwnh