toda on Nostr: I think we have problem with NGU moonboys, and there is a lot in Bitcoin ...
I think we have problem with NGU moonboys, and there is a lot in Bitcoin unfortunately.
I consider the price irrelevant because I see Bitcoin or Monero or any other crypto as a tool, not a speculative asset, and it's for me the only value in it, the use of it. So I don't care about the price, but if you are speculating with it of course it's important.
It's possible to have some privacy on Bitcoin, but it's easier for sure on Monero, Bitcoin teach me (with Gold) the importance of a good currency, but Monero teach me the importance of anonymity, this is a thing many people don't pay attention to and it's a big mistake, consider the censorship on Ether with USDT as example, and we already know some mining pool have censored some Bitcoin transactions in the past, this a big danger to financial liberty and wealth preservation.
What is the value of Bitcoin if you have millions in it but it's freeze ? That's all the point of Monero in fact, because nodes are exactly working like the banks, they are required to validate the transaction, a node see A want to send X amount to B, so if it's OFAC compliant, the node will reject the transaction and if the majority do that, you are fucked.
This is not possible in Monero because all transactions are the same, all of them are anonymous, node don't know who send to who nor the amount. This is fungibility and this very very important.
I expect Bitcoin to become more and more censored over time because of the mining centralization and compliance to authority, the halving is in fact a mess because it lead to the mining centralization.
Few big entities are already controlling the network today and it will be worse over time halving after halving.
I consider the price irrelevant because I see Bitcoin or Monero or any other crypto as a tool, not a speculative asset, and it's for me the only value in it, the use of it. So I don't care about the price, but if you are speculating with it of course it's important.
It's possible to have some privacy on Bitcoin, but it's easier for sure on Monero, Bitcoin teach me (with Gold) the importance of a good currency, but Monero teach me the importance of anonymity, this is a thing many people don't pay attention to and it's a big mistake, consider the censorship on Ether with USDT as example, and we already know some mining pool have censored some Bitcoin transactions in the past, this a big danger to financial liberty and wealth preservation.
What is the value of Bitcoin if you have millions in it but it's freeze ? That's all the point of Monero in fact, because nodes are exactly working like the banks, they are required to validate the transaction, a node see A want to send X amount to B, so if it's OFAC compliant, the node will reject the transaction and if the majority do that, you are fucked.
This is not possible in Monero because all transactions are the same, all of them are anonymous, node don't know who send to who nor the amount. This is fungibility and this very very important.
I expect Bitcoin to become more and more censored over time because of the mining centralization and compliance to authority, the halving is in fact a mess because it lead to the mining centralization.
Few big entities are already controlling the network today and it will be worse over time halving after halving.