npub1ah…cl76e on Nostr: Monero is digital cash. Because more people can actually privately own UTXOs. In ...
Monero is digital cash. Because more people can actually privately own UTXOs. In Bitcoin that will always be limited to UHNWI, large corporations, governments and custodians.
It's not a failure as it preserves the decentralisation as a store of value. It's a failure because it can not for this (and the lack of fungibility) work as money. As much as we love L2 and L3 projects they only derive its qualities from L1.
The only thing Bitcoin maxis show when they shit on Monero and ridicule Bitcoin OGs (the real ones 2009-2012) is that they haven't understood money yet.
Bitcoin as a SoV is close to take the role of gold. But for money you'll need Monero or enjoy the diverse range of social credit projects built by Coinbase and others thanks to limiter onchain capacity (need for custodians and KYC) and lack of privacy features (that make every coin interchangeable/ fungible).
It's not a failure as it preserves the decentralisation as a store of value. It's a failure because it can not for this (and the lack of fungibility) work as money. As much as we love L2 and L3 projects they only derive its qualities from L1.
The only thing Bitcoin maxis show when they shit on Monero and ridicule Bitcoin OGs (the real ones 2009-2012) is that they haven't understood money yet.
Bitcoin as a SoV is close to take the role of gold. But for money you'll need Monero or enjoy the diverse range of social credit projects built by Coinbase and others thanks to limiter onchain capacity (need for custodians and KYC) and lack of privacy features (that make every coin interchangeable/ fungible).