What is Nostr?
papafigos / Papa Figos
npub1r5y…33vz
2025-02-19 12:19:41
in reply to nevent1q…xlse

papafigos on Nostr: For a more serious reply (no memes lol), I would say that while the possibility of ...

For a more serious reply (no memes lol), I would say that while the possibility of XMR becoming the dominant crypto exists, it's a pretty remote possibility, for at least two reasons.

First, the massive network effect Bitcoin has, which is unlikely to be dispelled anytime soon.

And second, the fact that XMR is the true cypherpunk project, which means it flies in the face of every government and every institution, in our age of always-on mass-surveillance (which is why it ought to be used of course, if you ask me). Meanwhile BTC is accepted for its surveillance-friendly nature and ability to make money when expressed in fiat.

But make no mistake, I think you know as well as I do that if Bitcoin were totally private and anonymous, the legacy financial system would have never embraced it, nor would any government have done so.

So, the rewards for holding XMR are potentially very disproportional (yuge gains), but the possibility of this happening is very remote.

Therefore (imo) better use BTC for what it does best - appreciating vs everything else and XMR for what it does best - paying anonymously and privately.
Author Public Key
npub1r5yzptzufjehaduv3du9tlrav4ws9edwuu338s2a06haamc6xlfsf333vz