Believe it or not, but I 100% agree with what you wrote there.
As I've written elsewhere, the three most valuable features of any financial system are adoption, adoption and adoption.
#bitcoin has it.
99.99% of #altcoins don't, they are purely speculative in their uses.
#monero (XMR) is the exception that proves the rule. Its value proposition is the ring signature - every transaction is a mixer. That's why its not listed on KYC exchanges, but is often the only currency accepted on many darknet markets.
#monero's economy, other than mining, is almost entirely whores, poker and blow. This also describes #nevada, I hear :-p. But that is a real economy, and why its also why its extraordinarily stable for an #altcoin - its a medium of exchange more than a speculative asset.
#bitcoin is my #1, and ~90% of my holdings.
#monero is #2, and about 10%.
The others, yeah #shitcoin is not an unfair descriptor, but if I find another gaining real world adoption I'll look at buying it.
Low Information Voter
npub149…tzmp0
2023-10-24 06:26:16
in reply to nevent1q…hxn7
Author Public Key
npub1494rtg3ygq4cqawymgs0q3mcj6hucvu4kmadv03s5ey2sg32df5shtzmp0Published at
2023-10-24 06:26:16Event JSON
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"content": "Believe it or not, but I 100% agree with what you wrote there.\n\nAs I've written elsewhere, the three most valuable features of any financial system are adoption, adoption and adoption.\n\n#bitcoin has it.\n\n99.99% of #altcoins don't, they are purely speculative in their uses.\n\n#monero (XMR) is the exception that proves the rule. Its value proposition is the ring signature - every transaction is a mixer. That's why its not listed on KYC exchanges, but is often the only currency accepted on many darknet markets.\n\n#monero's economy, other than mining, is almost entirely whores, poker and blow. This also describes #nevada, I hear :-p. But that is a real economy, and why its also why its extraordinarily stable for an #altcoin - its a medium of exchange more than a speculative asset.\n\n#bitcoin is my #1, and ~90% of my holdings.\n\n#monero is #2, and about 10%.\n\nThe others, yeah #shitcoin is not an unfair descriptor, but if I find another gaining real world adoption I'll look at buying it.\n\n",
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