Jimmy Bond on Nostr: "How? explain the mechanism than allows any nation or actor to literally disallow the ...

"How? explain the mechanism than allows any nation or actor to literally disallow the use of a UTXO."

Arrest anyone who accepts it without turning it over to the government. Pretty simple.

"Monero has VERY little monetary premium, which is the point of a money. If I secretly trade literal pieces of shit, YOU'RE RIGHT! it's untraceable! but no one will use that as a financial instrument."

This comes off as completely delusional in the face of darknet markets completely switching over to XMR and anecdotal stories of companies like Guns N Bitcoin who said when they started accepting monero, people were spending more monero than bitcoin and credit cards combined.

"All assets need a final settlement layer that is auditable to a layman."

First of all, why?
Second, do you think a layman can audit the bitcoin blockchain?

"the olds of the future will be no more inclined to use monero than the olds of today are."

You mean old people? Why do you think they would be more likely to use bitcoin? Because they can put it on their retirement balance sheet? Are they really "using" bitcoin?

"The reason you think that XMR is secure is that there is not as much scrutiny upon it."

There have been some pretty sizable bounties to be able to trace a monero payment.

"Dudes with bad OpSec are still getting ganked by the feds. So, what makes you think the average user on XMR in your fantasized future would ever use it correctly."

This is just cope. Not worthy of a reply.


"The point being Bitcoin has the monetary power, momentum, and adoption to be THE global asset layer."

I get the sense that your real driving motivation is NGU, not that you'd ever admit it.


"the subsequent layers are where you focus your security and anonymity hurdles. onion or garlic routing on lightning, making a fungible second layer protocol, but they all use Bitcoin at base because it IS the money."

I never said bitcoin isn't monero. I don't have a fanatical hatred of bitcoin the way you do of monero. In fact, I don't hate it at all. I just think there are a lot of people with blinders on. The future of LN is custodial. There's no way around that. The math makes it impossible to work otherwise.

"I tackle this from an economics perspective. Market actors don't what to hide their activity when it comes to assets."

That's retarded.

"It's the quicker faster deals that need the privacy protects you guys obsess over...on a public forum, btw."

I said lightning is better for fast payments. You can't use monero in any sizable, in person, business, for the same reason you can't use on-chain bitcoin. Too slow.

I maintain my position. You are either being dishonest or myopic.