Is #Cash a good store of value? Store of value can be ranked according to the six following properties:
- Scarcity: no-capped supply and no predictability of the supply over time.
- Stability: continuously loose value against an inflation index but quite stable over short period of time.
- Durability: good durability, hard to lose, not indestructible.
- Portability: good portability, except for online payments and cross border migration.
- Divisibility: good divisibility but not flexible. Loss of value against inflation guarantees that current divisibility will suffice.
- Acceptability: great acceptability within national borders except for online payments. Used as a unit of account.
Is #Monero a good store of value? Store of value can be ranked according to the six following properties:
- Scarcity: no fixed supply but predictable supply through tail emission.
- Stability: higher stability than most crypto but still volatile during bull/bear markets.
- Durability: good, although hack and key mismanagement presents a risk of loss.
- Portability: great portability. Higher than Bitcoin due to dynamic block size guaranteeing low fees.
- Divisibility: yes, but currently fixed and hard-coded. May require to be updated as prices keep on rising.
- Acceptability: good but not as good as fiat currencies within a country of acceptance. Also this property is being challenged by delistings and shutting down of on and off-ramp services.
Is #Cash a good store of value? Store of value can be ranked according to the six following properties:
- Scarcity: no-capped supply and no predictability of the supply over time.
- Stability: continuously loose value against an inflation index but quite stable over short period of time.
- Durability: good durability, hard to lose, not indestructible.
- Portability: good portability, except for online payments and cross border migration.
- Divisibility: good divisibility but not flexible. Loss of value against inflation guarantees that current divisibility will suffice.
- Acceptability: great acceptability within national borders except for online payments. Used as a unit of account.
Is the #Goldback a good store of value? Store of value can be ranked according to the six following properties:
- Scarcity: No capped supply but restrained by gold availability and capacity of production.
- Stability: good stability relatively to an inflation index. Has seen occasional and short term periods of high volatility due to surge in demand (during Covid).
- Durability: good durability, hard to loose but not indestructible. Can be replaced for new #goldbacks.
- Portability: similar to cash. Not good for online payments and cross border migration (unless using a custodian).
- Divisibility: correct, but not flexible and lower denomination will keep increasing with the price.
- Acceptability: growing network but not high rate of acceptance yet. Still higher rate of acceptance locally than crypto by merchants who accept neither of them.
Is #Bitcoin a good store of value? Store of value can be ranked according to the six following properties:
- Scarcity: yes, Bitcoin has hard-coded scarcity.
- Stability: stability increases after each cycles but overall, Bitcoin isn’t a stable asset. You can’t buy bitcoin at any time and expect its value to remain around the same level relative to an index tracking inflation.
- Durability: yes, although hack and key mismanagement presents a risk of loss.
- Portability: great portability.
- Divisibility: yes, but currently fixed and hard-coded. May require to be updated as prices keep on rising.
- Acceptability: good but not as good as fiat currencies within a country of acceptance. Also this property is being challenged by AML/KYC procedures.
The recent crackdown on #Bitcoin #privacy tech totally killed the medium of exchange use case for #BTC. Nobody wants to use a #crypto as a medium of exchange in a non privacy preserving way. There is still #lightning and maybe silent addresses can help a bit but these will be good enough for most people.
A good way to spend your Monero but I’m afraid those aren’t going to be around forever. Cards providers have to comply with AML/KYC regulations and touching any crypto services is a risk.
I have been suspicious for a while about #Saylor being a plant to divert the community and control the #Bitcoin narrative but after watching this video, there is no doubt in my mind that he’s one. https://youtu.be/nXQWj6P0P1k
Nice new video production from Samuel Rivera featuring #JoeRogan once again.
#Propaganda #CultureWar
No I have not but it seems to be working well from what I’ve heard.
I don’t know what they currently use but I know they have plan to use #SeraiDEX (not launched yet) which is similar to #ThorChain with the support of #Monero.
I have no doubt that the tech once well decentralized will be out of reach of governments but we should not forget that to make the tech relevant we also need to win the social consensus. Those working for the power structure are masters at brainwashing people. It’s not going to be an easy fight but we have the truth and reason on our side.
#Bitcoin #Crypto
It would say the main difference is that atomic swaps are more secure but less user friendly (less liquidity). You don’t keep custody of your funds when swapping on #ThorChain. Also, in this particular instance, ThorChain doesn’t offer #Monero as an option
I wasn’t trying to draw a comparison with #ThorChain and I don’t think there is anything wrong with it. Although, it’s a different security and privacy model.
Listen to Dr Kap claiming that #CBDC could technically be integrated to decentralized atomic swap DEXs such as #BasicSwap so you can trade your slave money for freedom money such as #Monero. I suspect it may impact your #SocialCredit score but at least you get to spend your money privately! https://odysee.com/@Decred:c/decred-is-coming-to-basicswap-dex:b
The CBDCs? It’s almost certain. But my is point is that although you won’t be able to buy anything you want with CBDCs, crypto isn’t going to make us freer if we can’t buy those forbidden things with it. Dark markets will still exist and will provide additional freedoms to this extent but we need to grow adoption beyond those niche use cases, in the local/regular economy so to speak.
What I’m going to say is likely going to be seen as outrageous but realistically, it’s possible that #CBDC will end up providing a higher degree of freedom for transacting than #crypto including #Bitcoin and #Monero. Yes, CBDCs will restrict how much meat you can eat or how often and far you can travel but if we fail to grow the P2P crypto economy in our communities and beyond we’ll be de facto strongly limited in our ability to transact with it. Off-ramp of crypto that isn’t compliant with #SocialCredit score won’t be allowed and that’s also including gift cards or prepaid cards. We still have some time before the CBDCs are unleashed on us and although it’s possible that once out, people will be more inclined to accept alternatives for payment, I wouldn’t bet on that. The path to a resilient P2P economy is still far away. Let’s make it happen!
If you think that governments won’t go as far as prohibiting the use of #crypto, think again. Here is the #FATF scorecard ranking all countries (members as well as non-members) regarding their subordination to FATF guidelines. Yes, you read it right, second column is “Has explicitly prohibited the use of virtual assets and virtual asset service providers”. By the way most countries have already passed or enacted the #TravelRule so its implementation is to be seen very soon.
#Bitcoin
https://www.fatf-gafi.org/en/publications/Virtualassets/VACG-Snapshot-Jurisdictions.html
I’ll take usability over utility token deflation any day.
“The DOJ's attacks on financial #privacy have since been widely scrutinized, with legal experts going as far as deeming their practice unconstitutional. We cannot help but wonder: what on gods green earth moves the DOJ to argue against its own government's policies? Meet: #FATF.”
#Bitcoin #Crypto #KYC
https://www.therage.co/meet-fatf-the-financial-bullies-memberclub/