What is Nostr?
SaberhagenTheNameless / Saberhagen The Nameless
npub14a6…z6rn
2023-09-30 18:57:12
in reply to nevent1q…4cuw

SaberhagenTheNameless on Nostr: It's more that users won't want to deal with the risk of tainted funds because of ...

It's more that users won't want to deal with the risk of tainted funds because of increasing regulation. Tainted coins might not be accepted or undervalued elsewhere for the same reasons. So people will either refuse them and ask for coins with "clean" histories or they will accept tainted coins for a discount:
https://news.bitcoin.com/industry-execs-freshly-minted-virgin-bitcoins/

For Monero this bifurcation is not possible because there is no history. It doesn't have the problem of splitting between tainted and clean coins within itself like Bitcoin. 1 XMR = 1 XMR. It is either all accepted or it is all banned. In either scenario it is fungible.

Monero has less inflation than gold, likely not even enough to make up for yearly lost coins, so could be argued to be deflationary. While it doesn't have a limited supply like Bitcoin, it's issuance is fixed and predictable, unlike fiat money.

For a Store of Value, p2p digital commodity, it is reasonable to choose Bitcoin over Monero for that use case.

But for a Medium of Exchange, p2p digital cash, Monero is the more ideal fit. Private, fungible, and tx fees a fraction of a penny.

No other coin can copy Monero and get the same adoption. Monero is already king of privacy coins. Just like Bitcoiners bring up the power of network effects, the same could be said of Monero's adoption.
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npub14a6q6xvt4wuv0wpdpfr336e4fweldtu6np3ehpw55h83xuw2h2zsgyz6rn