Why swap to a slow bleeding privacy coin every month, if you can use the best SoV privately already today?
You are forgetting that you also need to acquire Monero before you "hit the send button". The swapping to non-kyc Monero can also be considered tedious and expensive. Not a lot of apps and low liquidity. Acquiring bitcoin non-kyc is a breeze with Peach, Robosats or Hodlhodl, because there is demand and adoption.
The reason that the happy few can transact cheaply on Monero today is because adoption is so low, hence fees remain low. Monero is not even processing 10% of Bitcoin's onchain txs (again small anonset, and even disregarding all the LN tx here). Demand is just so low that it's a "fraction of a cent" now, but this is not sustainable if you think Monero will be successful and adopted more widely.
Bada₿it
npub1zz…dzzla
2024-02-07 20:30:11
in reply to nevent1q…wx5m
Author Public Key
npub1zzuka8hslt0v8hcjzps05650w6wqxahwvh64dj5ndlcn24tecnrsvdzzlaPublished at
2024-02-07 20:30:11Event JSON
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"content": "Why swap to a slow bleeding privacy coin every month, if you can use the best SoV privately already today?\n\nYou are forgetting that you also need to acquire Monero before you \"hit the send button\". The swapping to non-kyc Monero can also be considered tedious and expensive. Not a lot of apps and low liquidity. Acquiring bitcoin non-kyc is a breeze with Peach, Robosats or Hodlhodl, because there is demand and adoption. \n\nThe reason that the happy few can transact cheaply on Monero today is because adoption is so low, hence fees remain low. Monero is not even processing 10% of Bitcoin's onchain txs (again small anonset, and even disregarding all the LN tx here). Demand is just so low that it's a \"fraction of a cent\" now, but this is not sustainable if you think Monero will be successful and adopted more widely.",
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