Understood.
Monero definitely adopts a privacy first approach, so if you want privacy, you should use this coin. I also support the right to choose to use Monero if you wish
However, adoption is also an issue.
We are discussing the recent announcement of Tether onto the Bitcoin L1 and Lightning networks.
It has good and bad consequences, however the reality is that Bitcoin is not spendable in most scenarios today, whereas the USD is, so a tokenised dollar running on the Bitcoin network makes the use case as a currency much more compelling in the short term.
The problem, however, is that Bitcoin was supposed to replace the dollar, not facilitate it.
mike
npub1aq…c237n
2025-01-31 15:53:07
in reply to nevent1q…0640
Author Public Key
npub1aqakd28d95muqlg6h6nwrvqq5925n354prayckr424k49vzjds4s0c237nPublished at
2025-01-31 15:53:07Event JSON
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"content": "Understood.\n\nMonero definitely adopts a privacy first approach, so if you want privacy, you should use this coin. I also support the right to choose to use Monero if you wish\n\nHowever, adoption is also an issue. \n\nWe are discussing the recent announcement of Tether onto the Bitcoin L1 and Lightning networks.\n\nIt has good and bad consequences, however the reality is that Bitcoin is not spendable in most scenarios today, whereas the USD is, so a tokenised dollar running on the Bitcoin network makes the use case as a currency much more compelling in the short term.\n\nThe problem, however, is that Bitcoin was supposed to replace the dollar, not facilitate it.",
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