ndeet on Nostr: Wrong. I bought monero 2016/2017 at around $60, it barely 3x'd in all those years. ...
Wrong. I bought monero 2016/2017 at around $60, it barely 3x'd in all those years. When you look in BTC terms it's a huge opportunity cost.
Also it has infinite inflation and you can‘t really audit supply. Likely can easily be 51% attacked.
It may be interesting for anon payments but it's surely not a store of value. That said, not sure it solves payments better than LN/ecash swaps.
Published at
2024-07-30 11:49:04Event JSON
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"content": "Wrong. I bought monero 2016/2017 at around $60, it barely 3x'd in all those years. When you look in BTC terms it's a huge opportunity cost.\n\nAlso it has infinite inflation and you can‘t really audit supply. Likely can easily be 51% attacked.\n\nIt may be interesting for anon payments but it's surely not a store of value. That said, not sure it solves payments better than LN/ecash swaps.\n",
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