I don't think a simple privacy protocol is enough to justify the value of an entirely separate money. The network effects and tendency toward consolidation in monetary networks is extraordinary.
I highly suspect the value of #Monero as measured in #Bitcoin will fall indefinitely. Maybe some of its network value will be sustained long term, kind of like Tor vs TCP/IP (open internet), but hard to say at this stage. Monetary transitions take a really long time.
I do stand by my comments that I think most of that community have cypherpunk values (rather than the outright stupid scams of the rest of "crypto"), and I think privacy is a very admirable value to be hyper focused on... but I genuinely don't think it keeps a separate monetary token alive on a long term time scale.
I think privacy will simply be a feature provided by many layers and networks that use BTC as their monetary base.
TheGuySwann / Guy Swann
npub1h8…6rpev
2024-11-21 16:16:49
in reply to nevent1q…2uqx
Author Public Key
npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpevPublished at
2024-11-21 16:16:49Event JSON
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"content": "I don't think a simple privacy protocol is enough to justify the value of an entirely separate money. The network effects and tendency toward consolidation in monetary networks is extraordinary. \n\nI highly suspect the value of #Monero as measured in #Bitcoin will fall indefinitely. Maybe some of its network value will be sustained long term, kind of like Tor vs TCP/IP (open internet), but hard to say at this stage. Monetary transitions take a really long time.\n\nI do stand by my comments that I think most of that community have cypherpunk values (rather than the outright stupid scams of the rest of \"crypto\"), and I think privacy is a very admirable value to be hyper focused on... but I genuinely don't think it keeps a separate monetary token alive on a long term time scale. \n\nI think privacy will simply be a feature provided by many layers and networks that use BTC as their monetary base.",
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