This is going to be a take that's going to surprise a lot of people about me since I'm a big Monero proponent:
Dumping on people for not using a specific crypto, such as Bitcoin or XMR, is no better than people who use fiat dumping on cypto users for not using fiat currency.
The problem I am noticing from both BTC and XMR maxis is that they only look at crypto from a lens of it being used as payments, when in reality, crypto has advanced to serve so many different purposes.
Take Ethereum, for example. ETH has a great amount of potential in the business world. Just look at things that ETH has led to like smart contracts and DAOs. If you want to be cypherpunk, you can't just focus on how you're gonna pay for the services. You gotta have the infrastructure for the very services you want to use as well. It's especially important if you want to remain free from government oppression while being able to operate in the private. ETH however is flawed because addresses and smart contracts are easily traceable from the blockchain and Chainanalysis. The closest private alternatives to ETH are the SCRT Network and Zano, both of which are essentially works-in-progress for the time being.
I hate to endorse them, but stablecoins can also potentially be useful when it comes to holding gold or silver. Right now, stablecoins are mostly used for fiat. The few stablecoins that are pegged to gold and silver require KYC and therefore are not private. I am looking at you, PAXG.
This post does not mean I endorse using ETH or any stablecoin as payment to replace XMR with. I would never use either of them because as I said before, they are not private and are traceable.
TL;DR Crypto serves more purposes than just being "digital cash." Use it for other purposes as well to truly benefit from it, instead of desiring a monopoly on your coin.
#Grownstr #Thoughtstr #Nostr #Zap #Cypherpunk #Agorism #Libertarian #Antistate #CounterEconomics #Privacy #Security #Technology #Crypto #Cryptocurrency #Bitcoin #Ethereum #Monero #BTC #ETH #XMR
MoneRogue
npub1l7…gdtjt
2025-03-16 03:03:42
Author Public Key
npub1l7a3c46glyl7fpmgkjfmgytmdfrhdh3552h83hanw0lg09z3q4sqzgdtjtPublished at
2025-03-16 03:03:42Event JSON
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"content": "This is going to be a take that's going to surprise a lot of people about me since I'm a big Monero proponent:\n\nDumping on people for not using a specific crypto, such as Bitcoin or XMR, is no better than people who use fiat dumping on cypto users for not using fiat currency.\n\nThe problem I am noticing from both BTC and XMR maxis is that they only look at crypto from a lens of it being used as payments, when in reality, crypto has advanced to serve so many different purposes.\n\nTake Ethereum, for example. ETH has a great amount of potential in the business world. Just look at things that ETH has led to like smart contracts and DAOs. If you want to be cypherpunk, you can't just focus on how you're gonna pay for the services. You gotta have the infrastructure for the very services you want to use as well. It's especially important if you want to remain free from government oppression while being able to operate in the private. ETH however is flawed because addresses and smart contracts are easily traceable from the blockchain and Chainanalysis. The closest private alternatives to ETH are the SCRT Network and Zano, both of which are essentially works-in-progress for the time being.\n\nI hate to endorse them, but stablecoins can also potentially be useful when it comes to holding gold or silver. Right now, stablecoins are mostly used for fiat. The few stablecoins that are pegged to gold and silver require KYC and therefore are not private. I am looking at you, PAXG.\n\nThis post does not mean I endorse using ETH or any stablecoin as payment to replace XMR with. I would never use either of them because as I said before, they are not private and are traceable.\n\nTL;DR Crypto serves more purposes than just being \"digital cash.\" Use it for other purposes as well to truly benefit from it, instead of desiring a monopoly on your coin.\n\n#Grownstr #Thoughtstr #Nostr #Zap #Cypherpunk #Agorism #Libertarian #Antistate #CounterEconomics #Privacy #Security #Technology #Crypto #Cryptocurrency #Bitcoin #Ethereum #Monero #BTC #ETH #XMR",
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