William B Travis on Nostr: XMR people are inherently pessimistic. they assume the KYC regime will continue. they ...
XMR people are inherently pessimistic. they assume the KYC regime will continue. they are like goldbugs where their solution is only needed if govt power grows or the power goes off.
Meanwhile, Bitcoin is a positive force and reduces govt power by making transactions uncensorable. And as fiat fails, govts have fewer resources to enforce control. There is where KYC dies.
If the XMR folks want to fight with privacy coin more power to them, but they will be nowhere when fiat/KYC dies and their coin has no use case.
The Best “alt-coin” analogy I’ve seen yet is Esperanto.
https://en.wikipedia.org/wiki/Esperanto
—Esperanto was an international language invented at the turn of the century to cut down on the labor of learning foreign tongues.
The First mover advantage isn’t more evident than it is here.
No one gives a shit when they have something that works well enough.
Maybe one of these alt coins is “better” than Bitcoin. It doesn’t matter. We have Bitcoin and it works.
Layer 2 can (and will) solve BTC privacy concerns.
⚡️⚡️Reposts that reply will get 3 digit zaps⚡️⚡️
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note1qqq…2rcn
Published at
2025-02-13 16:20:49Event JSON
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