Agreed. #monero #xmr is private digital cash and should not be used by the state as a reserve currency. Private individuals can use it in lieu of (or in spite of) state-sponsored currencies.
The use case for #bitcoin is different than Monero’s and therefore appeals to a different market. I see bitcoin as digital property with a fully transparent ledger, which is ideal for governments, public corporations, NGOs and other public entities. Of course, private individuals can use it, too.
It’s possible for both bitcoin and monero to have inflation bugs, but monero’s supply is, in fact, auditable:
https://sethforprivacy.com/posts/dispelling-monero-fud/#you-cant-audit-the-monero-supply
BL: Bitcoin and monero don’t need to compete with each other. They can co-exist in an open and free market where people are free to make choices about the tools that work best for them.
hopfield
npub1pl…ex43u
2023-02-26 13:13:36
in reply to nevent1q…3jsf
Author Public Key
npub1plz8ntqzc7v937rx7zn7utr9v8gyjdeq0wshflvp0fhcd75rrkfshex43uPublished at
2023-02-26 13:13:36Event JSON
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"content": "Agreed. #monero #xmr is private digital cash and should not be used by the state as a reserve currency. Private individuals can use it in lieu of (or in spite of) state-sponsored currencies. \n\nThe use case for #bitcoin is different than Monero’s and therefore appeals to a different market. I see bitcoin as digital property with a fully transparent ledger, which is ideal for governments, public corporations, NGOs and other public entities. Of course, private individuals can use it, too.\n\nIt’s possible for both bitcoin and monero to have inflation bugs, but monero’s supply is, in fact, auditable: \n\nhttps://sethforprivacy.com/posts/dispelling-monero-fud/#you-cant-audit-the-monero-supply\n\nBL: Bitcoin and monero don’t need to compete with each other. They can co-exist in an open and free market where people are free to make choices about the tools that work best for them.",
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