SaberhagenTheNameless on Nostr: No, asymptotically ideal money is a concept from John Nash - famous for the often ...
No, asymptotically ideal money is a concept from John Nash - famous for the often touted term "game theory" that Bitcoin maxis always use
You can never avoid the tx fees completely for Bitcoin even with an L2 (force-closes and eventual settlement) that will always translate into the cost of the L2. You can compare them if you want, but an L2 can never be a full replacement for Monero because they have different advantages and disadvantages. An encrypted chain + L2 will also always be better for privacy, fungibility, and mining censorship resistance.
You act like everyone is using Bitcoin. We're all in a niche within a niche bubble. At least Monero is dominating darknet markets, the only place permissionless transactions are possible, the only place relevant for Bitcoins value prop. All white market transactions are permissioned by definition - the majority of the economic activity in Bitcoin - white market txs are no different to fiat since you must follow the same arbitrary state rules anyway (and taxes can easily offset your gains). In fact it is worse since it is slower, more expensive, less convenient, and smaller network effect than fiat. You give up Bitcoins only advantage there.
https://github.com/libbitcoin/libbitcoin-system/wiki/Permissionless-Principle
You can never avoid the tx fees completely for Bitcoin even with an L2 (force-closes and eventual settlement) that will always translate into the cost of the L2. You can compare them if you want, but an L2 can never be a full replacement for Monero because they have different advantages and disadvantages. An encrypted chain + L2 will also always be better for privacy, fungibility, and mining censorship resistance.
You act like everyone is using Bitcoin. We're all in a niche within a niche bubble. At least Monero is dominating darknet markets, the only place permissionless transactions are possible, the only place relevant for Bitcoins value prop. All white market transactions are permissioned by definition - the majority of the economic activity in Bitcoin - white market txs are no different to fiat since you must follow the same arbitrary state rules anyway (and taxes can easily offset your gains). In fact it is worse since it is slower, more expensive, less convenient, and smaller network effect than fiat. You give up Bitcoins only advantage there.
https://github.com/libbitcoin/libbitcoin-system/wiki/Permissionless-Principle