Shitcoin wallets often aren't trusworthy or secure. Someone was just recently posting about how they lost bitcoin making a transaction with cake wallet.
No matter how easy a wallet claims to make the swap there is still an opportunity cost to holding monero instead of bitcoin. The exchange value floats & monero does not hold value the way bitcoin does.
If there is a large bitcoin only ecosystem, & there is a shitcoin friendly ecosystem, but the common denominator is that everyone accepts bitcoin, then Bitcoin's network effect ultimately drowns out everything else.
Current darknet markets are a deadend. The next iteration will be on networks that are more user friendly & more robust than tor, & some layer on bitcoin (probably ecash that swaps to lightning) will likely be the currency of choice. All of the serious p2p projects I know of are being built by bitcoiners.
Jeff Swann
npub1aj…ftppj
2024-08-12 19:29:12
in reply to nevent1q…j5nx
Author Public Key
npub1ajv7m32k0cpgzha32qszsh304qusjvwwmavus0ttktzldms4xzusuftppjPublished at
2024-08-12 19:29:12Event JSON
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"content": "Shitcoin wallets often aren't trusworthy or secure. Someone was just recently posting about how they lost bitcoin making a transaction with cake wallet.\n\nNo matter how easy a wallet claims to make the swap there is still an opportunity cost to holding monero instead of bitcoin. The exchange value floats \u0026 monero does not hold value the way bitcoin does.\n\nIf there is a large bitcoin only ecosystem, \u0026 there is a shitcoin friendly ecosystem, but the common denominator is that everyone accepts bitcoin, then Bitcoin's network effect ultimately drowns out everything else.\n\nCurrent darknet markets are a deadend. The next iteration will be on networks that are more user friendly \u0026 more robust than tor, \u0026 some layer on bitcoin (probably ecash that swaps to lightning) will likely be the currency of choice. All of the serious p2p projects I know of are being built by bitcoiners.",
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