Post
Topic
Board Speculation (Altcoins)
Merits 11 from 2 users
Re: [XMR] Monero Speculation
by
kurious
on 21/11/2021, 23:38:11 UTC
⭐ Merited by cAPSLOCK (10) ,Hueristic (1)
Interesting debate @cAPCLOCK...

Personally I have never thought Monero would replace Bitcoin.  I had Bitcoin before Monero existed but I loved what Monero was building and have held it since it was launched.  I still hold both.

Monero has a role, as does Bitcoin and I know many Bitcoiners who have a decent level of respect for what is an honest, non-premined project that has a role, and a genuinely useful and noble USP; privacy.

For me, any stance against Bitcoin from Monero supporters is a pointless, 'comparing apples to oranges' argument.  Monero, was created after Bitcoin is of course different to it. Its main property was something that Bitcoin does not - and was not designed to - have.  It was an obvious move to cater for a demand for truly private money that does exist.  It is legitimate to serve that demand.  It's what got me into it.

OK, Monero's price is possible to manipulate, but I think current real negative price pressure is the perception Monero will be squeezed out because TPTB won't want an untraceable currency to be easily available.  Let's face it, it is easy enough to pressure exchanges not to list it if they want to marginalise Monero.  This perception does not help price, but it is not Bitcoin that is doing this. It is because Monero actually works and TPTB are likely to see that as a threat. 

That said, I don't think Monero can be pushed aside, as it works and offers real privacy, which will always have a use.  Even sovereign states may quietly appreciate it for keeping certain transactions private.

Monero is unique and has a role, but to target Bitcoin for its failings, rather than just spreading the word on Monero's strengths makes no sense to me.