Re: [XMR] Monero Speculation

Why Bitcoin Matters for Freedom http://time.com/5486673/bitcoin-venezuela-authoritarian/

It has funny end.

Less than 1% of the worlds population no more than 40 million people have ever used Bitcoin. But, according to the Human Rights Foundation, more than 50% of the worlds population lives under an authoritarian regime. If we invest the time and resources to develop user-friendly wallets, more exchanges, and better educational materials for Bitcoin, it has the potential to make a real difference for the 4 billion people who cant trust their rulers or who cant access the banking system. For them, Bitcoin can be a way out.

Truth is that all this 4 billions cant use Bitcoin. The other 4 billions can, these can only use Monero.

Not even a minuscule fraction of the 4 billion can use Bitcoin which is why I sold out of Bitcoin into Monero over 3 years ago. By the way Lighting Network will not solve this issue. Just read the LN paper https://lightning.network/lightning-network-paper.pdf page 55 where they talk about 133 MB blocks under very optimistic assumptions just to open and close LN channels.

Wait wait... The people in the other 4 billion that can use BTC, can't? But they can use Monero...? I don't get it. Lol.

His point is that Bitcoin is technical limited to be used by 4 billion people and Monero is not.

because of the blocksize.

Who actually thinks you can have 4 billion people using the base layer of XMR at this point?

i don't think that was said... i think the point was that once monero gets second layer solutions, the first layer can scale to meet whatever demand is placed upon it by the second layer due to the adaptive blocksize.

... And also due to it's inherent fungible state. The fact that 1 XMR = 1 XMR seems to be so overlooked by people all the time, and not a lot of people see the benefit of that. If you are off-chain and are transacting "privately" then why go back on chain and have the chance of getting back tainted coins, and therefore might run into the issue of you not being able to cash out at your favourite exchange site?