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Let's just stop with this weird narrative. Bitcoin is crypto. Satoshi called Bitcoin crypto. Satoshi even enjoyed other cryptos - he created Namecoin after all. He obviously didn't think Bitcoin would be the only one. "But because Bitcoin is the first successful digital money, any crypto trying to be money, irrespective of its characteristics, cannot compete with Bitcoin’s established network effects" 👇 image image image
2024-09-27 08:22:11 from 1 relay(s) ↑ Parent 1 replies ↓
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I don’t see a crypto challenging Bitcoin in the first chart. Even all of them put together look to be in the minority and declining. With its transparent public ledger, Bitcoin is the antithesis of privacy, and can’t even try and compete with opaque systems such as Monero and the fiat system. So Bitcoin being the most accepted currency on the ‘darknet’ is surprising: even where secrecy is most prized, Bitcoin is still leading. If anything, that seems to demonstrate Bitcoin’s supremacy. Can you point me at any resources on Monero? Genuinely interested to find out more, particularly its levels of use and decentralisation.
2024-09-27 20:15:40 from 1 relay(s) ↑ Parent 1 replies ↓ Reply