laanwj on Nostr: i tried to do this in my reply: ...

i tried to do this in my reply:

quoting nevent1q…9etd

it still has the same problems as every blockchain, that it wouldn't scale to a lot of users

but the privacy and thus fungibility it has by default gives it more the idea of cash
that it doesn't have a fixed cap discourages its use as an investment
and it's used fairly often in the grey/black market, making it as unpopular with the establishment as cash is

"bitcoin cash" is a fork of bitcoin that claims to be more like cash, but it's simply a fork with larger block size, and never caught on

arguably the most important property of cash is that it's fungible, it shouldn't matter where it comes from; monero, even though the compromises it took can be disputed, achieves some of this by being less obviously traceable than bitcoin, without extra measures like coinjoin or payment channels

(as for the "unspoken" part, it also means people talk about it less; there's a large incentive to talk about your investments, but not about what you use for transactions outside the bureaucratic state, because it's dangerous to bring attention to that
also, admitting that an altcoin has any use whatsoever is very unpopular in bitcoin spheres 🙂 )