reply on: Maximalist's Opinion: 'Crypto' needs to go away and disappear for good. \ stacker news ~bitcoin

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0 sats \ 7 replies \ @mbrochh1 29 Sep \ parent \ on: Maximalist's Opinion: 'Crypto' needs to go away and disappear for good. bitcoin

If you argue from first principles, there can only be one blockchain per civilisation. All the others will eventually die.

0 sats \ 6 replies \ @rebel_nomad 29 Sep

Ok. So your number for global Bitcoin dominance is 100%?

If so, when?

0 sats \ 5 replies \ @028559d218 OP 29 Sep

Outside of stablecoins, which have their use, 'crypto' will be 95% Bitcoin. When? I don't know if I had to guess maybe 5-10 years. I think Bitcoin and a few proof of work projects will survive but it will be 95% Bitcoin. I believe that XMR will survive as a niche DNM coin for transactions maybe... but I don't believe that obscurity is the solution for global money as opposed to coinjoins and peer-to-peer alongside transparency coexisting.

0 sats \ 4 replies \ @rebel_nomad 29 Sep

Yeah, I can totally see that happening!

Its also likely that we'll reach that 95% or so level except for stablecoins that will eventually end up as CBDCs, officially or simply in practical terms.

0 sats \ 3 replies \ @028559d218 OP 29 Sep

I agree. I'm surprised, with all the talk of tether and stablecoins and their size and whatnot... that we don't see some kind of tether usage inside the united states.

I know obviously people have dollars inside the US so what's the use and everything yet... I think it's eerily absent lol.

60 sats \ 2 replies \ @rebel_nomad 29 Sep

I've been living like an ancap since I walked away from everything mid 2020, 3 companies, a work permit and visa, part of a house and most of my belongings.

It was that, or maybe perishing in the bioweapons scamdemic!

YOLOing hard into Bitcoin and gold saved my ass, and since then I've used my fiat accounts as ramps. Now even that is impossible, so when we get into the manic phase I'm looking at selling some for cash, which is then converted to gold.

Stablecoins and Monero are simply a necessity for me, in many way I'm living the same way a lot of people do outside of the West, I have to be practical about things all the way!

Which is why having some Monero for VPNs and whatnot along with some stablecoins for flights and such makes sense.

And unless I'm a total outlier I do believe that the reality I live also is the reality which will shape adoption, at least for the part of the economy that will remain somewhat free...