A great idea, and I also would like to see more monero conversations happen on this platform with well known folks like yourself. The privacy and censorship resistance properties of monero align perfectly with what nostr is trying to do.
Pain points would be the following:
1. Bitcoin maximalists, or maximalists of any sort. Knowledge, training, execution, diversity of risk are all things that make a good portfolio, and a balanced lifestyle. Bitcoin is money, and money should only serve the 7 properties of money. People can create wonderful technology to use that money, but the money itself should be only doing what money does. Maximalists do not exist in the real world, only online. In the real world, bitcoin maximalists still walk around with plastic cards, folding paper currency in their pockets and tap their cell phones to transfer that fiat currency.
2. Monero, and all the other crypto currencies, are not money, they are currency. Bitcoin is money. Gold and silver are money too. Everything else is currency, credit , or a token. Monero is a currency that serves an important purpose, and can be used alongside bitcoin, just as a traveler can carry several paper fiat currencies in their wallet when traveling to different countries.
3. Ethereum is a great technology, but it is not money. The problems that smart contracts can fix are different from the problems of the monetary system. Ethereum cannot fix the monetary system.
4. Altcoins, non fungible tokens, and ordinals are speculation. They are not money. They create tremendous value in terms of discovering ways to use technology. We all benefit from the experiments we've seen in these spaces. But comparing anything else to bitcoin doesn't work because bitcoin is money, serving the functions of money.
5. Patience and sanity among crypto currency people is needed to have productive conversations. Everyone had such an exciting sugar high of dollar price speculation with bitcoin, altcoins, nfts, defi, mining, etc. that they have forgotten it has only been about 15 years. In tech that can be considered a long time, but a real world perspective is needed because all this technology is trying to disrupt or replace systems that are much, much older...while trying to deal with human nature that is much older than technology.
Delta Charlie
npub1aq…vmhkh
2024-02-05 13:01:10
in reply to nevent1q…lgjw
Author Public Key
npub1aqxs793kps5eanmvnse97at6nc975pg6e0c6tjzxq700x0jzdl7qvvmhkhPublished at
2024-02-05 13:01:10Event JSON
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"content": "A great idea, and I also would like to see more monero conversations happen on this platform with well known folks like yourself. The privacy and censorship resistance properties of monero align perfectly with what nostr is trying to do. \n\nPain points would be the following:\n\n1. Bitcoin maximalists, or maximalists of any sort. Knowledge, training, execution, diversity of risk are all things that make a good portfolio, and a balanced lifestyle. Bitcoin is money, and money should only serve the 7 properties of money. People can create wonderful technology to use that money, but the money itself should be only doing what money does. Maximalists do not exist in the real world, only online. In the real world, bitcoin maximalists still walk around with plastic cards, folding paper currency in their pockets and tap their cell phones to transfer that fiat currency. \n\n2. Monero, and all the other crypto currencies, are not money, they are currency. Bitcoin is money. Gold and silver are money too. Everything else is currency, credit , or a token. Monero is a currency that serves an important purpose, and can be used alongside bitcoin, just as a traveler can carry several paper fiat currencies in their wallet when traveling to different countries.\n\n3. Ethereum is a great technology, but it is not money. The problems that smart contracts can fix are different from the problems of the monetary system. Ethereum cannot fix the monetary system.\n\n4. Altcoins, non fungible tokens, and ordinals are speculation. They are not money. They create tremendous value in terms of discovering ways to use technology. We all benefit from the experiments we've seen in these spaces. But comparing anything else to bitcoin doesn't work because bitcoin is money, serving the functions of money.\n\n5. Patience and sanity among crypto currency people is needed to have productive conversations. Everyone had such an exciting sugar high of dollar price speculation with bitcoin, altcoins, nfts, defi, mining, etc. that they have forgotten it has only been about 15 years. In tech that can be considered a long time, but a real world perspective is needed because all this technology is trying to disrupt or replace systems that are much, much older...while trying to deal with human nature that is much older than technology.",
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