Monero has its utilities, mostly as a stop gap for privacy transactions. But it has little chance to become the world’s store of value, medium of exchange, adefacto of account. To do so it requires a market cap and liquidity large enough such that there’s small enough volatility to be half of all of the world’s transactions. Its simply not happening.
Monero is the short time preference version of Bitcoin where it cannot wait for price stability and privacies properties to emerge. These properties are slow to emerge on Bitcoin because of the need to be a ‘sly and roundtable way to introduce something they can’t stop’. In fact, Monero is effectively slowed, if not already stopped, because its simply not sly enough. Monero is the idealistic but impossible perfect that is in the way of the practical and already working good that is Bitcoin.
Medium of exchange and privacy properties will continue to improve on Bitcoin, at a rate that will not overly alarm, and effectively penetrate the authoritarians. Only Bitcoin has a chance to truly separate money from the state and become the one defacto money for humanity.
nobu.maeda / n3xB | Global Bitcoin Exchange Protocol on Nostr
npub1w2…9cuc8
2024-08-02 23:24:38
in reply to nevent1q…c7gh
Author Public Key
npub1w27whyf6860xztr5pqtdn8fywkwj82evemcvktc6cm5dl7vypgkqp9cuc8Published at
2024-08-02 23:24:38Event JSON
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"content": "Monero has its utilities, mostly as a stop gap for privacy transactions. But it has little chance to become the world’s store of value, medium of exchange, adefacto of account. To do so it requires a market cap and liquidity large enough such that there’s small enough volatility to be half of all of the world’s transactions. Its simply not happening.\n\nMonero is the short time preference version of Bitcoin where it cannot wait for price stability and privacies properties to emerge. These properties are slow to emerge on Bitcoin because of the need to be a ‘sly and roundtable way to introduce something they can’t stop’. In fact, Monero is effectively slowed, if not already stopped, because its simply not sly enough. Monero is the idealistic but impossible perfect that is in the way of the practical and already working good that is Bitcoin.\n\nMedium of exchange and privacy properties will continue to improve on Bitcoin, at a rate that will not overly alarm, and effectively penetrate the authoritarians. Only Bitcoin has a chance to truly separate money from the state and become the one defacto money for humanity.",
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