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And Bitcoiners are starting to eat the wall... sad to say that but it's what you deserve when you are a bunch of NGU moon boys Wall Street & regulations compliance which are insulting Monero because it's too private and only be used in the DarkNet... Those who make you dream with NGU are in the same time 🖕 you, do you like the song ? I said you will cry later, then it's starting now and you will cry harder by the time. I'm not happy for your situation, really, I wish you the best, but you are in a fucking dream, and soon or later, the dream end. Don't be fooled, Bitcoin is a honey pot, we said that many times, you should be careful when someone come to you and said you are in danger, there is possibility it's not a joke. Have you not seen the ETF as a clear signal ? Bitcoin is not a threat to them, it's a threat to you!

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mbl 1y ago

How naive bitcoiners are, we warned you from a long time now, and it's only the beginning of your disillusion. Sorry for you, more pain to come. Really, you where thinking that Bitcoin can protect you ?! A nightmare is heading to you, stop living in a dream, it's war.

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Replying to

ᴛʜᴇ ᴅᴇᴀᴛʜ ᴏꜰ ᴍʟᴇᴋᴜ

and on that last point, any analysis of the history that doesn't acknowledge that the market is rational and makes this assessment is literally both retarded and misanthropic

mbl 1y ago

The market is never rational, it's all about future expectation, it's a full speculation, nothing about the present. What happened in 1929 ? 2001 ? 2008 ? In history, there is a bubble every time, bubble is just a wrong expectation. Is it rational that Bitcoin lose 90% in few months ? The market is driven by sentiments, if market where rational, pump and dump because of nothing will not happen, up and down movement should only happen when a news come in, but... it's not like that, so the market is not and will never be rational. If you want a rational market, humans should not be able to buy or sell, only programs which are making decisions with news, because humans are driven by emotions, we love, we hate, we have expectation and hope, nothing rational here. Why do you buy Bitcoin ? Because you think it's the best store of value ? Maybe you are wrong, so, isn't a bubble ? Who knows ? What is rational ? What is not ? Maybe you have right, maybe not. It's all about speculation, isn't ? We are betting isn't ? Maybe Bitcoin will be hacked, maybe it will be shutdown, maybe the US Government will suddenly ban it ? Do you know the future ? So, what is rational ?

Replying to

ᴛʜᴇ ᴅᴇᴀᴛʜ ᴏꜰ ᴍʟᴇᴋᴜ

so you think bitcoin is only worth more and more every cycle because it is first mover and poor little monero would otherwise not be pegged to the dollar as it practically is

no, that's because monero has no SoV capacity, because whatever you moranos say about it being auditable, it's still questionable whether there is not an open ended possibility of an inflation bug and people are only using it for the black market so its basically being used as an intermediary only, nobody is holding it, nobody

so, whatever you think about the "value proposition" of bitcoin is obviously missing more than just FMA to why bitcoin is staying ahead of inflation

it could be the fact that its auditabilty is unquestionable and complete maybe?

when a commodity wants to become a medium of exchange, its first use is always store of value

precious metals were this originally, just a way of holding a lot of value that didn't decay, so, it stores the value

then they made it easier to transact with by minting it, so the cost of trusting it was lower. this is actually the same thing as the auditability issue - it makes certainty about the quality of the asset cheap to assess, not like a fancy gold necklace that could just be gold plated steel, where proving it's worth something is expensive

without the ready, easy to determine, and certain evaluation of the value and provenance of the asset, it can't be a store of value and thus monero is fundamentally broken as a money from its initial premise

just get over it, after 13 years or however long it has been, monero has done nothing to become more widely adopted than bitcoin

bitcoin could and still is being used for black market

and it's also good for ETFs and lightning network use, even this ordinals shit couldn't be done on monero

monero is too narrow in its purpose and its real use case is very much limited to the "value proposition" you speak of

otherwise, explain why bitcoin has got so many other uses giving it additional value, and monero doesn't

because nobody trusts monero, monero can't be counted with absolute certainty, nobody is holding it so nobody wants to hold it

until you get that loop of holding - demand for holding you have got fidget spinners

mbl 1y ago

"people are only using it for the black market"

What people said about Bitcoin 10 years ago ?

"bitcoin could and still is being used for black market"

Only fool are using Bitcoin in black market 🤣

If you have a brain, you will use Monero over Bitcoin, isn't obvious ?

"and it's also good for ETFs"

Well, it depends on regulation acceptance and Wall Street, it have nothing to do with Bitcoin or Monero itself

"because nobody trusts monero"

I trust Monero for preserving my financial privacy, not Bitcoin

"nobody is holding it so nobody wants to hold it"

And so ? Is it the purpose of Bitcoin ? Isn't to be electronic cash ? Isn't to be a transactional system, rather than a holding system ? Bitcoin wasn't created to replace the dollar, rather than Gold ?

If you save on Bitcoin and use dollar for everyday transaction, you miss the whole point of Bitcoin

mbl 1y ago

Bitcoin, Ethereum, Monero... are composed of 2 parts :

- The digital currency

- The network

The most important thing is the network, the base layer.

The digital currency will move inside the network according to rules commonly accepted by the network members.

Every transparent ledger (like Bitcoin) disclose the sender, the amount and the receiver, to everyone, instantly. There is no privacy.

Because of that, when a node (relay) or a miner (transactions validator) receive a transaction to include in the blockchain, the member can make the decision to censor the transaction, the transaction will not be relayed to miners or the miner will directly exclude the transaction from the block to build.

If the majority of the network decide to accept all transactions, censorship is impossible, but if the majority of the network make the decision to selectively censor a transaction... 🖕

Bitcoin is censorship resistant for now... but don't forget it can change one day, and I expect it will happen.

Big miners are companies, they are not anonymous at all, they are identified and located, they will comply to the government or they will be shutdown very quickly, especially because the mining is centralized inside big buildings, they can't hide. But of course, don't worry, the government just want to fight money laundering 🤡

Monero mining is done with average PC, anonymously, this is far more complicated to shut down.

And assuming the network will be overtaken, each transactions are anonymous, deal with that 😄

mbl 1y ago

Bitcoiners, why ? Why are you lying about Monero (and zcash) ?

From the original bitcointalk dated of 2014

https://bitcointalk.org/index.php?topic=583449.0

The emission curve chart dated of 2016, we can see the Tail emission here around 2022

Grin was launched in 2019, so it's 5 years after the bitcointalk post and 3 years after the chart showed in 2016 where we can see the Tail emission effect.

having negative arguments against Monero is 100% ok, but lying and fool people is 100% not ok.

It's a shame, of course it's only 1 random people but it seems many bitcoiners are like that, why ? NGU corrupted you ? Are you ready to lie for preserving an illusion ? How can we go this low ? I hope better for Bitcoin anyway, it was a brilliant innovation 😉

mbl 1y ago

#Monero