mleku on Nostr: idk but in practice it's basically a certain part of the darkweb users that stick ...
idk but in practice it's basically a certain part of the darkweb users that stick with it and the price certainly shows its primary use is exchanging for usd to pay for drugs makes sense
it is not a store of value any more than USD and it is no more private than physical cash stashed under your mattress as far as that goes, except you can buy drugs on the internet with it, or VPN service
there will always be a question about inflation bugs in all privacy coins, which makes them unlikely to have a substantial rise in demand for holding so it's a niche payment instrument for a certain kind of person which is why the personality thing plays such a big role in it
probably the best thing about it, if there can be any good thing, is lowering the amount of on-chain payments that go to darkweb meaning there is more space for other uses, the fee rates on on-chain now are so low compared to the old days
as i understand it, there is some work being done towards enabling state channels with monero but with the difficulties that already exist without complicating it with ring signature CTs i doubt it's ever going to change the fact that nobody is gonna hodl it and this means it's just gonna drift forward as a drug buying currency and that's all it's good for, and the people who love it have really smug, superior attitudes and don't realise the contradiction in bragging about using a privacy coin
it is not a store of value any more than USD and it is no more private than physical cash stashed under your mattress as far as that goes, except you can buy drugs on the internet with it, or VPN service
there will always be a question about inflation bugs in all privacy coins, which makes them unlikely to have a substantial rise in demand for holding so it's a niche payment instrument for a certain kind of person which is why the personality thing plays such a big role in it
probably the best thing about it, if there can be any good thing, is lowering the amount of on-chain payments that go to darkweb meaning there is more space for other uses, the fee rates on on-chain now are so low compared to the old days
as i understand it, there is some work being done towards enabling state channels with monero but with the difficulties that already exist without complicating it with ring signature CTs i doubt it's ever going to change the fact that nobody is gonna hodl it and this means it's just gonna drift forward as a drug buying currency and that's all it's good for, and the people who love it have really smug, superior attitudes and don't realise the contradiction in bragging about using a privacy coin