Why did you say it's political sides ? I hope Bitcoin and Monero want the same thing : Freedom & Privacy. Honestly, I knew Bitcoin around 10 years ago, it was different, there wasn't KYC, Chainalysis, regulations, mining centralization by big companies, LN, altcoins... people where in Bitcoin for the use of it, and it was great, but what Bitcoin today is far different, not in the good way. Bitcoin was created to empower people, to make us free financially (not about NGU), to give us sovereignty over our own money. It was designed as a tool not an asset. Cypherpunks ever wanted to create an anonymous electronic cash system, Bitcoin is not anonymous, probably Satoshi didn't found how to do that, it was maybe too early. Monero succeed where Bitcoin failed and there is no hate on this words, it's just a fact, I'm not against Bitcoin especially, people on the DN are using Bitcoin lesser and lesser for a reason. People need to understand the risk of censorship is real on Bitcoin, I'm not saying you need to sell all your btc for xmr, it's just about the possibilities
I always envisioned a time when the computer equipment would be burned out.
- Banking accounts
- Stocks
- Bitcoin and all crypto
will be wiped out instantly, it will remain Gold & Silver as a store of value.
Bitcoin is a casino, a tool, an ideology, a religion, an investment, a bet, but only a fool will consider it as a store of value
"gold is a worse store of value"
I think we haven't the same definition on store of value. I think Gold (& Silver) is the only good store of value because:
- Gold is untouchable, we can't modify it // Bitcoin is a human invention, it can be modified and it was many time already
- Gold have no dependencies // Bitcoin constantly need electricity and internet
- Gold don't care about any regulation, hack, bug, conflict, shut-down, catastrophic event // The first thing downed in modern war is telecommunication systems, phone, internet, electricity, if you are in a war or catastrophic zone, there is a lot of probability you will don't be able to access Bitcoin, that mean when shit happen, you can't rely on Bitcoin
A store of value is not something that will 100x in a year or even keep value against inflation, it something that will preserve your wealth at any time, peace or war, communism or capitalism, democracy or tyranny... Bitcoin is one of the best investment of the decade for sure but it will never be a store of value, it's just impossible, simply because Bitcoin depend on electricity & internet. What will happen if Internet became heavily monitored and access to the Bitcoin network impossible ? What is going on China or north Korea for example ? How will it be in 10 - 20 - 50 years ? I know Gold will be here, I'm not sure about Bitcoin, that's the difference, that's why Bitcoin can't be a store of value
That's the point, it's not about store of value, there is Gold & Silver for that
that's the question, will Bitcoin core be censored or they will fork it, anyway the money will go to the most censored one
Monero is the freedom test of our generation
In the same week, the Haveno volume break 100k and 200k dollars for the first time
#Monero
Futures is a tool to influence on the price, suppress or pump it, they don't even need to fake sell Monero now, they can just artificially lower the price on Futures and letting people sell real Monero for doing the arbitrage, it's the same on PM and on everything they want, Bitcoin price on the other way is probably pushing up because of Futures. And Because price is an indicator, if Monero don't goes up like Bitcoin, people will think Monero have a problem, they "naturally" go to Bitcoin instead, this is how you can deviate compass because yes of course, all roads lead to Monero 😄 🍺
To be less generic and vague,
People don't understand something about Bitcoin. Bitcoin is working exactly like the banking network, where each miner is a bank
the bank see A want to send X amount of $ to B
the node see A want to send X amount of btc to B
A bank can reject the transaction, the node can too.
Like in the banks, there is rules to accept or deny a transaction, but Bitcoin is based on the majority following the same rules, if the majority want to reject your transaction, they will push a block without your transaction and you will don't be able to transact on Bitcoin.
A big mining pool have rejected a transaction in the past, Bitcoin isn't truly censorship resistant because transactions are not anonymous, the node see address (identity) transact with address (identity), Bitcoin is pseudonymous, it's very different. On Monero, it's impossible to target a specific address, all transactions are anonymous, node see a transaction, but don't know who send to who nor the amount, all transactions are equal, that's fungibility, it's censorship resistant, your 1 dollar bill will be accepted like any other, it will not be refused because it came from these ATM or these location or it was used by someone in particular before you etc.
Every btc have a unique history publicly disclosed on the ledger, we can trace it from the beginning and it's absolutely not a good thing.
1 btc =! 1 btc
1 xmr = 1 xmr
We are maybe on the last days of a free society, but rebels are here now and we will fight the empire, again and again
#Monero
Government is on it's way to ever more and more regulation / control
We are on the early days of the censorship on Bitcoin, it's growing quickly, in 10 years something like that, Bitcoin will probably be fully controlled or close to be
Why do you focus on state buying Bitcoin ? Yes they will probably buy it but that doesn't mean they will be Bitcoin friendly at all, they will eventually accept Bitcoin payment to pay your tax... but they will never incorporate Bitcoin in the system if they don't have regulation on it, it's all about control, the rest is smoke
hosted wallets have already started to censor transactions ?
my assumption 😃
censored doesn't mean banned, they will push regulatory pressures on miners to implement OFAC, probably the more easy way. Big miners are all identified for sure, it should not be too complicated, especially if you consider they are operating mining in big building which consume a lot of energy and are registered companies anyway
The strange part is Monero don't need to be accepted as payment, when banks & Bitcoin will be clearly censored, people will find an escape room, they will find Gold / Silver and Monero, PM & Monero are the exit, that's why Monero is highly valuable, it's the shadow chest of internet
Monero is the cryptocurrency parachute 😃
Because people don't understand what is coming
Monero is anonymous
Bitcoin is pseudonymous
You don't understand the difference ?
Wait for CBDC and you will quickly