People talk about Monero underperforming against Bitcoin. My question to you is how many exchanges has Bitcoin been delisted from in the past four years? Because Monero has been delisted from 12 of them and has an IRS bounty to attempt to crack it, yet overall it has been extremely stable.

That still leaves loads of my sensitive data in the hands of an exchange and I'm not risking that.

I’m sure I have nvidia in my portfolio.

Monero is a shitcoin and you cannot change that

Bro. Here are two transactions.

The first one was a transaction on lightning network. It had a transaction fee of 0.13%

The second was a transfer on the blockchain. It had a transaction fee of 0.03%

Stop acting like transaction fees are unreasonable 🤣 the highest transaction fee I’ve seen on chain was 0.3%

So gold is a shitcoin right? Do you know what a hedge is? The price of valuable assets will go up as the dollar loses buying power. Monero price does not go up because it is not valuable.

The “pump” shows that usd is losing buying power. It also shows that Monero is losing buying power.

It's not accurate to think of Ln as a separate token moving on top of BTC

It's better to think of it as a network that claims ownership of sats inside BTC multi-sig contracts

There's no way to claim ownership of a sat that doesn't exist.

ie you cant create supply from nothing

The best anyone can do claim the sats in the channel (multisig contract) from their counterparty and hope they can get away with it.

I'm done. I've literally tried every means and method of buying Bitcoin without providing identifying documents, a selfie, my left kidney and firstborn child. Not one of them has worked. I've attempted to be patient, to try all the suggestions for no-KYC Bitcoin that I've received, but again, none of them has worked. Not ONE.

I've had it up to here with this nonsense. This year-long attempt to get into Bitcoin has been a MASSIVE waste of my time. People can put their info at risk so they can buy and hodl all they want, I'm not having it. If I refuse to KYC, and can't get it via the no-KYC methods, then I have no reason to keep trying because it's a currently hopeless endeavor.

Bitcoin is some really awesome technology with some truly great potential to fix many problems, but so long as KYC exists (or, at the very least, remains this strict), people like myself will never be able to get on board.

So yeah, I'm done. Glad y'all are having fun with it but I'm not wasting any more of my time on absurd and hopeless scenarios. I don't need that kind of BS stress in my life.

#Bitcoin #KYC #DEX #stress

Here is a few quotes from Mises and Rothbard about the necessary quality of money. Hint: Its not store of value

Dear friends, if I were silver, I would be afraid... #Bitcoin

I hear you for sure.

Everyone respects XMR but XMR isn't optimized for hedge against inflation.

We all love xmr.

But some of the issues your mentions are being slowly solved. #bitaxe is helping ppl hash sha256 any where they want.

Fungibility on bitcoin was never perfect and ori exploited that for huge profits in a way no one excepted but silent payments is a tiny improvement.

At least we can both agree that Fiat is evil. Right??

Are you a Keynesian? A deflationary asset encouraging saving rather than unnecessary spending is a good thing.

When it comes to tx fees, you are missing the important fact that energy cost is constantly reducing.

Being incentivized to save does not make Bitcoin worse as money. Additionally, L2 solutions can circumvent increasing tx fees. The fact that BTC is a superior store of value compared to Monero and that it can be used in exactly the same ways as Monero means that Monero has no place.

There is a reason Monero has not gained widespread adoption. It never will, because it is a shitcoin. Everything Monero can do, Bitcoin can too.

Do you not understand how halvings work? Monero is a shitcoin that will inflate for eternity. Pretty sure you Monero shitcoiners are the hopium addicts. Monero has to increase its supply infinitely and print money to incentivize mining.

hes right.

saying LN is not BTC is saying "multisig is not BTC"

its not a separate token, just time locked multisig.

Bitcoin is deflationary because people will always lose access to wallets, therefore losing those coins forever.

Gold inflates around 1-8% per year, average around 2%. The moment a company can mine asteroids, the gold market will crash as companies mine gold from asteroids. This will be the fastest transfer of wealth in history. Gold price will crash.

The value of something as money is 100% defined by its rate of inflation. This is why gold is more valuable than silver. Silver supply inflates much more quickly. Bitcoin cannot inflate past 21 million total coins. Any currency that inflates will be less useful as a store of value. Nothing will ever wipe out global communications. All modern electronics are protected against EMPs. Solar flares and EMPs are not a threat against modern electronics.

People who save in metals will lose buying power over time compared to people who save in bitcoin. You will be left behind if you fail to recognize what makes something money.

Consider why gold is a better money than any other metal.

1. It is difficult to increase the supply of (on earth)

2. It does not rust or rot

3. It can be held in a safe

Bitcoin has these same benefits. Except that it is significantly easier to trade.