mleku on Nostr: so you think bitcoin is only worth more and more every cycle because it is first ...
so you think bitcoin is only worth more and more every cycle because it is first mover and poor little monero would otherwise not be pegged to the dollar as it practically is
no, that's because monero has no SoV capacity, because whatever you moranos say about it being auditable, it's still questionable whether there is not an open ended possibility of an inflation bug and people are only using it for the black market so its basically being used as an intermediary only, nobody is holding it, nobody
so, whatever you think about the "value proposition" of bitcoin is obviously missing more than just FMA to why bitcoin is staying ahead of inflation
it could be the fact that its auditabilty is unquestionable and complete maybe?
when a commodity wants to become a medium of exchange, its first use is always store of value
precious metals were this originally, just a way of holding a lot of value that didn't decay, so, it stores the value
then they made it easier to transact with by minting it, so the cost of trusting it was lower. this is actually the same thing as the auditability issue - it makes certainty about the quality of the asset cheap to assess, not like a fancy gold necklace that could just be gold plated steel, where proving it's worth something is expensive
without the ready, easy to determine, and certain evaluation of the value and provenance of the asset, it can't be a store of value and thus monero is fundamentally broken as a money from its initial premise
just get over it, after 13 years or however long it has been, monero has done nothing to become more widely adopted than bitcoin
bitcoin could and still is being used for black market
and it's also good for ETFs and lightning network use, even this ordinals shit couldn't be done on monero
monero is too narrow in its purpose and its real use case is very much limited to the "value proposition" you speak of
otherwise, explain why bitcoin has got so many other uses giving it additional value, and monero doesn't
because nobody trusts monero, monero can't be counted with absolute certainty, nobody is holding it so nobody wants to hold it
until you get that loop of holding - demand for holding you have got fidget spinners
no, that's because monero has no SoV capacity, because whatever you moranos say about it being auditable, it's still questionable whether there is not an open ended possibility of an inflation bug and people are only using it for the black market so its basically being used as an intermediary only, nobody is holding it, nobody
so, whatever you think about the "value proposition" of bitcoin is obviously missing more than just FMA to why bitcoin is staying ahead of inflation
it could be the fact that its auditabilty is unquestionable and complete maybe?
when a commodity wants to become a medium of exchange, its first use is always store of value
precious metals were this originally, just a way of holding a lot of value that didn't decay, so, it stores the value
then they made it easier to transact with by minting it, so the cost of trusting it was lower. this is actually the same thing as the auditability issue - it makes certainty about the quality of the asset cheap to assess, not like a fancy gold necklace that could just be gold plated steel, where proving it's worth something is expensive
without the ready, easy to determine, and certain evaluation of the value and provenance of the asset, it can't be a store of value and thus monero is fundamentally broken as a money from its initial premise
just get over it, after 13 years or however long it has been, monero has done nothing to become more widely adopted than bitcoin
bitcoin could and still is being used for black market
and it's also good for ETFs and lightning network use, even this ordinals shit couldn't be done on monero
monero is too narrow in its purpose and its real use case is very much limited to the "value proposition" you speak of
otherwise, explain why bitcoin has got so many other uses giving it additional value, and monero doesn't
because nobody trusts monero, monero can't be counted with absolute certainty, nobody is holding it so nobody wants to hold it
until you get that loop of holding - demand for holding you have got fidget spinners