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MoneRogue
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This is a test to see if Citrine is up.

Which in turn took the power away from the people.

You are unfortunately correct. Over time, innovation does occur and even if the new product is superior, a lot of people tend to be stubborn. It's the same situation why NOSTR hasn't had even 1/100 of X or Facebook's users.

Technically it is since Bitcoins are set at a fixed supply of 21 million. Then again I suppose as long as governments don't have a huge chunk of the supply in their reserves, then it shouldn't be super frightening.

The problem with a Bitcoin reserve or standard is that it leads to the very problem that Bitcoin was intended to solve: Centralized currency. Take some countries like El Salvador that have straight up adopted it as legal tender, for example.

I apologize if I come across as a negative Nancy to a lot of people, but I feel like the BTC industry has sort of become misguided over how it should be vs. how it actually has been, if that makes any sense. You can still use your country's currency and cryptocurrency at the same time.

The fact that people in the #Bitcoin community think a government-run BTC "Strategic Reserve" is a good idea is genuinely sad. It is counterproductive to everything that Natoshi Sakamoto would support.

Isn't one of the selling points behind BTC is that it's not owned by any institution?

nostr:nevent1qqs0mekkfkkfjna9rru4a93sqaewxjtu8vc2hpl623947n7u4x0kgxsppemhxue69uhkummn9ekx7mp0qgsf9hngkgfs973px7cuhwnjtxut49nm2ddqt3kjkzz8m8e4lu7026srqsqqqqqpyyd8ut

There isn't a difference between Bitcoin and Litecoin though it's just a copycat IMO. The uniqueness of Monero is why I put it so high up.

I feel like #Bitcoin is worshipped too much in my opinion when I think that #Monero would be a much better option due to the extra privacy features and inclusivity it has.

Don't get me wrong, I am not implying that everyone should stop investing into BTC. I still support it. The only reason I really believe that BTC should still be supported today is because of its value.

I like to think of it this way: BTC is digital gold, and XMR is digital silver. XMR has privacy features such as ring signatures and stealth addresses, which is the biggest reason why I prefer it over BTC. Yes I know BTC is "pseudoanonymous" but its incredibly easy to trace BTC transactions in 2024. All transactions are literally public record on a blockchain! To me, BTC is just one massive honeypot waiting to be exposed.

Another reason for XMR is the fact that it can mined from any kind of device to really make a profit, so there isn't any concern of XMR elitism.

What do you guys think?

Good morning #Nostr family!

Goodnight #Nostr family!