Daedalus's avatar
Daedalus _@daedalus.website 7 months ago
An 20TB hard drive is like $300. Storage cost is not the chokepoint of decentralization, network bandwidth and processing power for validation is, this is why Solana for instance is so centralized. Monero goes farther than Bitcoin by banning subnets and only allowing ipv4 addresses work by default further increasing decentralization. Your self custody doesn't mean shit if it's traceable AND KYCd to you. Your non KYC self custody ALSO doesn't mean shit if your UTXOs are on a sanctioned list and banned from usage on exchanges. Monero self custody is always fungible such that there are no tainted, nor KYCd coins. Monero will never be the next fiat, in fact it's so dangerous to fiat that it's delisted completely from Europe and New York and delisted from almost all exchanges across the US. To you're final point: you adopt the coin used by KYC crypto-to-Fiat custodial exchanges like CashApp and Square, I adopt the coin used in the largest p2p market that requires untraceable digital cash: dark-net markets. We are not the same.
↑ Parent

Replies (1)

Daedalus's avatar
Daedalus _@daedalus.website 7 months ago
Moneros sanctioning and delisting is proof of its danger to the fiat system, its a positive. Bitcoins mass adoption by institutions ought to make you skeptical. Other than that I've addressed your other points and you're repeating yourself thus proving that you're unable to digest my points and provide logical counterarguments. You can believe all you want that dynamic blocks create a bandwidth issue, but we can prove mathematically it doesn't. You can believe all you want that Bitcoins pseudonymity is private, but we can prove mathematically and with chainalysis that its not. You can believe Moneros deflationary model is actually inflationary and just like fiat, but we can prove mathematically its not. In short "believe" blindly that Bitcoin is the only one all you want, it doesn't make it true though. Why did Trump tell you to never sell your Bitcoin? Why did he pardon CZ? Why is Bitcoin permitted on Square in a regulatory system created to protect fiat? Is the answer that elites see that Bitcoin is gonna kill fiat so they're giving up their fiat power voluntarily for the benefit of the people? Is that even remotely likely?
↑