Why Nostr? What is Njump?
2025-04-03 23:11:51
in reply to

TheBitcoinBattery on Nostr: Monero first broke $100 a token in 2016 and was roughly ₿0.1. 9 years later and the ...

Monero first broke $100 a token in 2016 and was roughly ₿0.1. 9 years later and the value is $200 and it's worth ₿0.0026.

Losing 97.4% of its Bitcoin value over 9 years.

Also since the dollar loses about 50% of it's value in 10 years, effectively Monero just avoids dollar debasement but doesn't meaningfully grow in any way.

For every $1000 you've held in Monero from 2016 that grew to $2000, you've lost 97.4% of the potential growth or about $75,000. Is losing $75,000 of growth worth the privacy gains of more effectively hiding your $1000? At that point you're robbing yourself friend.

Bitcoin grows 110% a year if you only track bottoms and adjust for major macro events that drop the trend line. With the value more than doubling every year I can easily and regularly split the value into multiple wallets which I might expect to lose access to by chance and perhaps regain access to in the future. Perceived greater privacy is not worth the loss of the greater benefit of exponentially growing savings which can be gifted to others and moved around into various wallets easily.

Bitcoin is the only coin worth holding.
Author Public Key
npub1kl8aguhljq6yrmrv64dm2phew3pprfhx3ef9yh2zg3gkn0dq8adqzfq497