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SeekerErebus / Seeker Erebus
npub1c0l…ey2q
2024-08-28 04:47:00
in reply to nevent1q…6686

SeekerErebus on Nostr: You really don't get it. You are not going to convince any long time student of ...

You really don't get it. You are not going to convince any long time student of bitcoin to be interested in Monero, ever, no matter what. There is no improvement you can make, no advancement, no marketing campaign, absolutely nothing. This is not because of the infamous bitcoin immune response, mind you. It is because of a fundamental law of nature that a longtime student of bitcoin has a grasp of that you are either unaware or willfully ignorant of.

Bitcoin discovered, for the first time, a way to create absolute scarcity. It's arguably as important a discovery as the number zero. Most importantly, it can only be done ONCE. BTC is the token that represents that absolute scarcity. Whenever a separate token has been created, from LTC, to XMR, to ETH, to all the rest, they are incapable of being anything other than a fiat expansion against BTC, and violate the absolute scarcity of BTC merely by existing.

Were the developers of Monero to finally accept this fact, and put their engineering skill to work improving bitcoin instead, I'm certain the privacy we all need could be implemented. Instead, we fight, you lose, and maybe we all suffer far longer than necessary because the one money that can actually do the job wasn't given necessary upgrades.

BTW, There is a trick you can do that would allow a new chain to be created without being a fiat expansion. Establish a fixed ratio of BTC to the token, and permanently burn BTC on-chain at that ratio each time. If the ratio is never broken, then you've transmuted BTC and conserved the absolute scarcity. I have zero idea what the market would do with that, mind. And there are other pitfalls that can befall any such project. But the discovered law would not be violated, and it might be the only way to implement a hard-fork level upgrade to bitcoin that could actually work, should that ever be necessary.
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