Monetary network effects are extremely unforgiving. There will be one dominant form of money.
Bitcoin has privacy on L2 & none of the risk of inflation bugs on L1.
Bitcoin has hundreds of billions worth of deployed infrastructure all over the world. Some if which is being used to boostrap & load balance new & existing energy grids.
The lack of hard forks means that the network is more resistant to negative changes & bugs. The foundation of a new global financial system must be rock solid.
Monero has larger scaling problems when it comes to transaction size & the cost of verification.
1 & 3 are arguably adoption related, but I don't think they are things that can just be waved away.
Jeff Swann
npub1aj…ftppj
2025-03-31 21:28:15
in reply to nevent1q…jpq3
Author Public Key
npub1ajv7m32k0cpgzha32qszsh304qusjvwwmavus0ttktzldms4xzusuftppjPublished at
2025-03-31 21:28:15Event JSON
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"created_at": 1743456495,
"kind": 1,
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"content": "Monetary network effects are extremely unforgiving. There will be one dominant form of money.\n\nBitcoin has privacy on L2 \u0026 none of the risk of inflation bugs on L1.\n\nBitcoin has hundreds of billions worth of deployed infrastructure all over the world. Some if which is being used to boostrap \u0026 load balance new \u0026 existing energy grids.\n\nThe lack of hard forks means that the network is more resistant to negative changes \u0026 bugs. The foundation of a new global financial system must be rock solid.\n\nMonero has larger scaling problems when it comes to transaction size \u0026 the cost of verification.\n\n1 \u0026 3 are arguably adoption related, but I don't think they are things that can just be waved away.\n",
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}