basefunction on Nostr: True you don't need to accumulate monero to make use of its unique properties, merely ...
True you don't need to accumulate monero to make use of its unique properties, merely pass through it as a medium of exchange. Of course this is if you assume that bitcoin is the only pristine store of value and nothing in our crystal ball will indicate otherwise.
imo there are a number of ways that bitcoin can be captured at the state level or the corporate level. If that plays out then monero is my realistic alternative. The percentage of my Monero stack using bitcoin as my unit of account is so small, this insurance policy is an easy one to maintain. I hold 1:1 ratio of BTC:XMR and could in all honesty ride XMR down to zero. But if (and it's a small if) bitcoin PubCo miners get pressured by nation states or BlackRock et all fuck up the NGU party then I believe it'll be sats well spent.
I think where I differ from most is that I don't believe that Bitcoin is going to change the world. It'll create a new class of very wealthy tax payers at best.
I've been transacting between BTC, XMR and CASH most weeks for years and there has never been a shortage of buyers and sellers at my required liquidity levels. For me, XMR has never skipped a beat in terms of settlement, low fees and privacy.
Published at
2023-08-10 18:29:53Event JSON
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"content": "True you don't need to accumulate monero to make use of its unique properties, merely pass through it as a medium of exchange. Of course this is if you assume that bitcoin is the only pristine store of value and nothing in our crystal ball will indicate otherwise.\n\nimo there are a number of ways that bitcoin can be captured at the state level or the corporate level. If that plays out then monero is my realistic alternative. The percentage of my Monero stack using bitcoin as my unit of account is so small, this insurance policy is an easy one to maintain. I hold 1:1 ratio of BTC:XMR and could in all honesty ride XMR down to zero. But if (and it's a small if) bitcoin PubCo miners get pressured by nation states or BlackRock et all fuck up the NGU party then I believe it'll be sats well spent.\n\nI think where I differ from most is that I don't believe that Bitcoin is going to change the world. It'll create a new class of very wealthy tax payers at best. \n\nI've been transacting between BTC, XMR and CASH most weeks for years and there has never been a shortage of buyers and sellers at my required liquidity levels. For me, XMR has never skipped a beat in terms of settlement, low fees and privacy.",
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