Profile: e8cd2bec...
Bitcoin should just add optional MWEB. A turnstile going back to the transparent side would still guarantee supply.
...So you agree that darknet markets are rational and correct to go with Monero over Bitcoin too
>"The digital nature of bitcoin makes the money-convergence-forces even stronger than what has been with the gold shelling-point."
What is special about Bitcoins digital nature alone? Monero is digital too and so is every single crypto. Even fiat is digital.
You would have to explain why despite Monero not having NGU and being banned from countries and dropped from exchanges...it is increasingly growing in Darknet Markets. Shouldnt it be the opposite?
>"Bimetallic in digital realm has no much sense"
It makes even more sense in the digital realm since it is quicker and cheaper to swap digitally vs swapping physical metal irl
I think it's crazy to think one day there will magically only be Bitcoin. With open permissionless system in a free market there will always be different cryptocurrencies to greater and lesser degrees.
1) Agree
2) Anything is possible. Bitcoin could make a comeback for black markets if it gets better privacy layers. I would love that. It's funny that many point to Bitcoins price saying how it is right when it comes to that, but then pull a 180 and say the market is wrong about Monero when it comes to black markets. No one uses Lightning there and Bitcoin is falling out of favor. Just look at any of the popular DNMs
3) Yep ETFs miss the point. A permissioned Bitcoin IOU is oxymoronic
4) Historically you are right, but it's a great digital cash.
5) You're wrong about that. It's always been MoE -> SoV. Saifedean and his ilk have mislead many by popularizing this narrative:




Notice how you completely avoided my point and changed the subject to SoV/NGU/auditability. If you're asking for permission to use Bitcoin you throw out it's entire value prop and advantage over fiat for those transactions. That is what you do when you make white market transactions.
What advantage does Bitcoin/Monero have left if you're limited to what the state allows or can arbitraily change? NGU? That can be reduced or taken away too on white markets.
Without that USD is quicker, cheaper, more liquid, no additional tax to transact, and no regulatory uncertainty, and it's network effect is much larger
Black markets are the only place where their value props are constant and fully realized



