Just stating something as a fact doesn't make it so.
"UTXOs will be sanctioned" -How? explain the mechanism than allows any nation or actor to literally disallow the use of a UTXO.
Monero has VERY little monetary premium, which is the point of a money. If I secretly trade literal pieces of shit, YOU'RE RIGHT! it's untraceable! but no one will use that as a financial instrument.
All assets need a final settlement layer that is auditable to a layman. the olds of the future will be no more inclined to use monero than the olds of today are. we have a hard enough time convincing boomers of Bitcoin's efficacy. The reason you think that XMR is secure is that there is not as much scrutiny upon it. Dudes with bad OpSec are still getting ganked by the feds. So, what makes you think the average user on XMR in your fantasized future would ever use it correctly.
either way Monero is irrelevant.
The point being Bitcoin has the monetary power, momentum, and adoption to be THE global asset layer. the subsequent layers are where you focus your security and anonymity hurdles. onion or garlic routing on lightning, making a fungible second layer protocol, but they all use Bitcoin at base because it IS the money. I tackle this from an economics perspective. Market actors don't what to hide their activity when it comes to assets. It's the quicker faster deals that need the privacy protects you guys obsess over...on a public forum, btw.
JackTheMimic
npub1m5…2glzq
2024-12-15 19:37:28
in reply to nevent1q…3wa2
Author Public Key
npub1m50e65pv09ga73lglrkjgh5tlgj006pv9rce8xdg7rn5kps38gssh2glzqPublished at
2024-12-15 19:37:28Event JSON
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"content": "Just stating something as a fact doesn't make it so. \n\"UTXOs will be sanctioned\" -How? explain the mechanism than allows any nation or actor to literally disallow the use of a UTXO.\nMonero has VERY little monetary premium, which is the point of a money. If I secretly trade literal pieces of shit, YOU'RE RIGHT! it's untraceable! but no one will use that as a financial instrument.\n\nAll assets need a final settlement layer that is auditable to a layman. the olds of the future will be no more inclined to use monero than the olds of today are. we have a hard enough time convincing boomers of Bitcoin's efficacy. The reason you think that XMR is secure is that there is not as much scrutiny upon it. Dudes with bad OpSec are still getting ganked by the feds. So, what makes you think the average user on XMR in your fantasized future would ever use it correctly. \neither way Monero is irrelevant.\nThe point being Bitcoin has the monetary power, momentum, and adoption to be THE global asset layer. the subsequent layers are where you focus your security and anonymity hurdles. onion or garlic routing on lightning, making a fungible second layer protocol, but they all use Bitcoin at base because it IS the money. I tackle this from an economics perspective. Market actors don't what to hide their activity when it comes to assets. It's the quicker faster deals that need the privacy protects you guys obsess over...on a public forum, btw.",
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