Monero is less harmful to the banking system than Ethereum. Ethereum is no threat at all.
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It's easy to buy drugs with. That doesn't make it a threat to the system. The system is handling it just fine it seems to me... Since you know it's banned from every exchange. Rather than real money whose game theory is such that they can participate and be rewarded rather than attacking it for more gain.
Bitcoin isn't playimg by their rules. They're playing by Bitcoins rules. Few.
Do you work for one of these banks?
You're telling people to only use bitcoin because bitcoin is already captured and to avoid using monero because it isn't captured?
Or you're in denial about bitcoin being captured?
So your idea of real money relies on being able to trade it for dollars on a kyc exchange?
You can still trade monero for dollars, you do understand that right?
It's just no kyc.
As for buying drugs, that takes me back.
I remember when you could actually spend bitcoin like money.
Years ago, before bitcoin was captured, you could buy all sorts of drugs with it.
Now? Only thing you can buy with Bitcoin is gift cards.
Bitcoin has actually gone backwards with adoption as money
When did I ever say that?
Then you aren't paying attention. There are more than 20x transactions happening in BTC than Monero right now.
Idk mane. You can pay your bills with BTC through many services. Hell others you can sell into fiat to buy wtfe you need on the spot. Works well for me.
Oh so I can run my own eth node and use it to transact with my friends without an intermediary?
Because that's how we measure harm to the banking system.
ast I checked you couldn't do that with eth at all.
But I run several Monero nodes and can transact with people on nostr easily without paying a large fee.
So you're just making shit up that's incorrect and misguiding the normies because your butthurt about Monero.
Again.
"game theory" is doing all the heavy lifting in this sentence
None of you has ever explained the so-called theory that starts with governments buying Bitcoin and ends with them surrendering the ability to print money.
I'm not butthurt. I don't like to see people stay poor.
There are still these services though. I live in the US and there's at least 10 different providers you can get a visa card from that will let you sell into fiat to spend on the spot, CryptoCom for example. There's more businesses adding lightning services too. Hell Steak and Shake in the US lets you pay 100% in BTC.
Anyone who held Monero past 5 years would be wealthier than someone who held equivalent amount of Bitcoin. Monero's doing fine price wise.
More importantly, Bitcoin culture's obsession with NGU has been damaging to the tech and holding Bitcoin back on the p2p money front. Monero's entire focus is driven by that focus, not Wall Street adoption and acceptance by bankers and hedge funds. Zoom out and observe where this is heading, it's pretty easy to see when you're not blinded by laser eyes.
Bitcoin also has 200x marketcap of Monero.