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21 sats \ 22 replies \ @guts 18 Feb \ parent \ on: Super Testnet on Lightning vs Monero Privacy (Bitcoin Takeover Podcast S16 E6) bitcoin
You are a maxi you hate any crypto
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It's the only way to go.
Allowing yourself to use multiple "cryptos" is shooting yourself in the foot.
Scarcity is the value proposition.
I can understand being 100% XMR. But you can't be both, unless you're a complete retard.
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Privacy, anonymity and fungibility is the way to go. I do hold and degen other crypto as Bitcoin
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Privacy, anonymity and fungibility is the way to go
If you believe XMR is better at these three things, then why do you hold any Bitcoin at all? Can you not see how stupid that is?
The whole point of Satoshi building a monetary network was to get rid of dilution. By accepting and using other cryptos, you are diluting yourself! Figure out which one has the least amount of tradeoffs and use it! Nothing will ever be 100% perfect (see The Blockchain Trilemma https://medium.com/@JeffBooth/finding-signal-in-a-noisy-world-57497df06a35).
Accepting tradeoffs is virtuous. Diluting yourself is weak.
Bitcoin is very good at privacy, anonymity and fungibility.... but not perfect. You can make it better if you make negative tradeoffs. Perhaps the tradeoffs XMR makes is worth it. Therefore, being an XMR maxi is a defensible, even virtuous position. But holding both is the opposite.
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There is a place for crypto like Monero or Bitcoin. Monero is a necessity and I do use it
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Yes, there is a place for one. A single, global, monetary network is absolutely useful and a necessity.
But there is not a place for more than one. Pick XMR if you think it's better.
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Monero is my first choice, BTC second, other crypto yields go to XMR