Damus
weev · 1d
Bitcoin has this exact same problem. In order to actually use your Bitcoin, you need to sell it at an exchange. Since Bitcoin has no L1 privacy, if you’re an entity the exact same group of people do...
captjack πŸ΄β€β˜ οΈβœ¨πŸ’œ profile picture
nation state use GOLD - only when not RUN by idiots

all COINS XMR BTC BCH will have problem - NOT grow DIRECT accepting community

rest all garbage - NO COIN is better in this regard unless MERCHANTS / USERS grow n learn more

BITCOIN has good merchants / users too - BUT value is fully under bankers control now

MONERO XMR - ecosystem MUCH stronger to WITHSTAND any regulatory pressure
1
weev · 9h
> nation state use GOLD - only when not RUN by idiots Not really true. Gold is a stupid reserve asset because you are basically saying the people with the gold mines control the underlying world economy. You’re essentially saying that China, Russia, Australia, and Canada should form a cartel to s...