brettinthewoods on Nostr: Always a Bitcoin maxi BUT I dipped my toe into Monero not long ago. Lots of FUD ...
Always a Bitcoin maxi BUT I dipped my toe into Monero not long ago. Lots of FUD surrounding Monero, esp around mining, decentralization, supply audits, etc.
What ultimately turned me off of it was liquidity. Even DNMs are far more likely to accept Bitcoin than Monero. It’s much easier to pay with Bitcoin or turn Bitcoin into USD. Most of the KYC-free buying of Monero involves buying Bitcoin first.
Also pseudonymous, unconfiscatable, and uncensorable are 99.9% as good as true anonymity.
What ultimately turned me off of it was liquidity. Even DNMs are far more likely to accept Bitcoin than Monero. It’s much easier to pay with Bitcoin or turn Bitcoin into USD. Most of the KYC-free buying of Monero involves buying Bitcoin first.
Also pseudonymous, unconfiscatable, and uncensorable are 99.9% as good as true anonymity.