Which sub should I choose? \ stacker news ~meta

Bitcoin is not the future. Live in your bubble and cut yourself off from information. If you're looking for something private, bitcoin is as bad as bank accounts. Anyone can find out who was the sender of any given transaction. In the current world where more and more countries are introducing CBDC and want to surveillance citizens Bitcoin is also not the best way to anonymize your expenses.

140 sats \ 0 replies \ @DarthCoin 21 Aug 2023

0 sats \ 16 replies \ @birdeye21 21 Aug 2023

In your opinion, what are better alternatives?

0 sats \ 15 replies \ @momboteq OP 21 Aug 2023

Monero has a private blockchain and transactions that you won't see without a key, and cheap transactions. Of course, I'm talking about the technology itself and not the price, because the price depends on the market and you can lose value, but everything in the world around us gains and loses value once. In my opinion, if bitcoin had an additional layer of privatization it would be a very great digital cash.

42 sats \ 4 replies \ @DarthCoin 21 Aug 2023

As a monero guy you are, please try fucking with this guy...

0 sats \ 3 replies \ @momboteq OP 21 Aug 2023

Put anonymization into BTC and I'll convert all my XMR into BTC

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10 sats \ 8 replies \ @birdeye21 21 Aug 2023

can you explain why the market is overvaluing Bitcoin but undervaluing Monero then?

If we're stuck looking at things only as they are today, is the market just not seeing Monero's obvious technical advantage?

XMR is still over 80% off its 2017 highs against BTC -- even after the flood of money that entered the market in 2021. Is that really a trend you want to bet on long term?

How sure are you that BTC won't be able to "solve" its problems, and that XMR will be able to convince the market of that?

Best of luck.

0 sats \ 7 replies \ @momboteq OP 21 Aug 2023

Monero is undervalued because people prefer not to have privacy and anonymity. Look at the average people. They use Android, Windows, macOS, iOS.... Which track them every now and then. The same way they use Facebook, Instagram, Google Search, Youtube.... I could list a lot of it but that is not the point here. People are not interested in their own privacy and not to mention anonymity. That's why people don't open up to Monero additionally Bitcoin is more famous. If there was an additional anonymizing layer on Bitcoin it would be a top 1 digital cash.

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0 sats \ 0 replies \ @iguano 22 Aug 2023

How do you know if there is no a inflationary bug ongoing at the moment draining the value of your coins ? How can you validate this ?

11 sats \ 15 replies \ @nemo 21 Aug 2023

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151 sats \ 12 replies \ @DarthCoin 21 Aug 2023

My usual strategy:

identify the shitcoiner, maybe is recoverable some way...
try getting him on the right path
if is non-recoverable, never debate with him, is wasting time.

As I explained in my guide https://darthcoin.substack.com/p/for-who-is-writing-guides-darthcoin

0 sats \ 11 replies \ @momboteq OP 21 Aug 2023

Bitcoin is not the best investment if you want to earn a lot. It makes smaller moves from bull market to bull market. As for the "right path", I am also a fan of BTC but I am not only BTC and open to other projects where I can make money. Of course I also accept your opinion and choice but don't force people to your views on crypto and BTC.

22 sats \ 10 replies \ @nemo 21 Aug 2023

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0 sats \ 9 replies \ @momboteq OP 21 Aug 2023

No, I'm just not only BTC and what's the problem? Just the truth hurts in the eyes that there are better projects?

21 sats \ 0 replies \ @drlh 21 Aug 2023

Have you heard about DAO hack in Ethereum back in 2016, which then led to hard-fork, and split to "Ethereum" which returned hacked funds by altering blockchain, and "Ethereum Classic" that maintained the original one?

Long story short: Shitcoins are centralised, bitcoin is not. That centralisation would kill most of them in decade or two at worst.

reply on another page

0 sats \ 7 replies \ @nemo 21 Aug 2023

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1 sat \ 1 reply \ @Public_N_M_E 21 Aug 2023

I'm bringing hotdogs you want one?

0 sats \ 0 replies \ @nemo 21 Aug 2023

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0 sats \ 0 replies \ @BBitcoinUSA 21 Aug 2023

0 sats \ 0 replies \ @ek 21 Aug 2023

Why not?

31 sats \ 27 replies \ @jamesviggy 21 Aug 2023

other cryptocurrencies

There's only one internet cash imo. Maybe you're referring to crypto securities & tokens. They could have a category of their own but I don't think there is one yet. If you do want to promote those then I would recommend giving some disclosures as to the risks, e.g. (1) they're not Bitcoin, instead they're something that you can spend your Bitcoin on and there is a risk of loss. (2) the issuer is making xyz promises and those promises could be broken.

0 sats \ 26 replies \ @momboteq OP 21 Aug 2023

There's only one internet cash imo.

There are more cryptocurrencies that are better than Bitcoin when it comes to p2p transactions. Bitcoin has a long waiting time for transactions and the fees are so high that I won't send $1. As for the Lightning Network, it is a good solution, but it is centralized, which goes beyond Satoshi Nakamoto's assumptions.

they're not Bitcoin, instead they're something that you can spend your Bitcoin on and there is a risk of loss.

Bitcoin can also lose its value if you buy it at the end of a bull market and the market goes into a bear market.

70 sats \ 25 replies \ @jamesviggy 21 Aug 2023

Lightning is decentralized and anyone can run and operate a node & channels or use a self custodied lightning service like Breez, Phoenix, Bitkit etc. There are also centralized hosted options but those are optional.

Bitcoin's value is stable & fixed, 1 sat is 1/21 trillion of Bitcoin and 1 btc is 1/21 million of Bitcoin, etc. The tokens that you're trying to compare to Bitcoin are not comparable, they cannot have a fixed supply with the same level of certainty because they cannot have the same level of decentralization as Bitcoin. The accumulated proof of work and the fair distribution of Bitcoin aren't able to be competed with, it's already too far ahead for anything to catch up. Bitcoin has already happened. The tokens you refer to all have centralizing forces that lead to them being more centralized over time, it means their monetary policies can change and their supply can be expanded, which dilutes and devalues your holdings. In those circumstances you are trusting the creator or majority owners of the tokens to not create more and you're also trusting them to deliver on a product or service that generates returns for your token, hence they are financial promises/securities and not scarce commodity internet cash like Bitcoin.

0 sats \ 24 replies \ @momboteq OP 21 Aug 2023

I am not talking about tokens but cryptocurrencies that have their own blockchain and a fixed amount of cryptocurrencies. E.g. Nano. It is quite an interesting project but not valuable. It has its own unique blockchain and has a fixed amount of cryptocurrencies in circulation. It is also fully distributed and is not centralized

As for the value, I mean such to fiat. If I buy BTC for $100 in a bull market, I can have much less in a bull market. BTC is not cash that is widely available, so if I want to buy something with it I will have to exchange it for fiat, which means I will lose. Of course, if I hold it, it won't "physically" lose value because there is no inflation on the BTC market, nor do they take cryptocurrencies from our wallets.

31 sats \ 23 replies \ @jamesviggy 21 Aug 2023

There are 10,000+ of these tokens so I'm not an expert on the one you mention but a quick glance suggests that the development is centralized around a foundation. Doesn't that mean a hard fork is possible that could change fundamental consensus rules like the maximum supply? E.g. like the completely centralized Ethereum that has frequently changed its monetary policy. Also if there's no proof of work then there's nothing of value backing the token.

0 sats \ 22 replies \ @momboteq OP 21 Aug 2023

You're talking about tokens and I'm talking about cryptocurrencies NOT TOKENS.

PoW is not environmentally friendly, which is why it is being abandoned in favor of something greener. E.g. Nano has PoW, but it is so undemanding that it can send thousands of transactions using the power that 1 Bitcoin transaction needs.

42 sats \ 21 replies \ @nemo 21 Aug 2023

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0 sats \ 20 replies \ @momboteq OP 21 Aug 2023

Of course, I am talking about PoW such as in Bitcoin. There are cryptocurrencies that have a lighter and less energy-intensive PoW.

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42 sats \ 0 replies \ @beorange 21 Aug 2023

I think more subs will eventually show up as stacker.news grows. Regarding "other cryptocurrencies" I have many doubts. Bitcoin is king.

10 sats \ 0 replies \ @nemo 21 Aug 2023

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10 sats \ 0 replies \ @carlosfandango 21 Aug 2023

Is there one marked B1N? Best place for it.

10 sats \ 1 reply \ @nikotsla 22 Aug 2023

🍿🍿🍿 Just reading @DarthCoin responses.

1 sat \ 0 replies \ @DarthCoin 22 Aug 2023

I reply mostly with memes to shitcoiners.

10 sats \ 4 replies \ @scottathan 21 Aug 2023

Just post it in the Bitcoin sub. There are a lot of people that will hate on you for even mentioning another coin, which I know is dumb but is the way people on here like to act.

0 sats \ 3 replies \ @momboteq OP 21 Aug 2023

Thanks, I noticed how people like to behave when you write something about other crypto.

21 sats \ 2 replies \ @scottathan 21 Aug 2023

Yeah, it's a thing.

That said, if you actively endorse anything but Bitcoin and Monero than I will probably push back against you as well since 99% of cryptos are complete and utter scams. Regardless, the fact that people won't even talk about them in a semi-objective way is annoying.

0 sats \ 1 reply \ @birdeye21 21 Aug 2023

You might want to notice and read all the great dialogue opened here.

good post

0 sats \ 0 replies \ @momboteq OP 21 Aug 2023

All you had to do was ask the usual question about stacker.🤣

0 sats \ 1 reply \ @kepford 21 Aug 2023

It would be hilarious if @momboteq was a bitcoiner trolling stackers. These takes are so bad it makes me wonder.

0 sats \ 0 replies \ @momboteq OP 21 Aug 2023

What do you mean?

0 sats \ 1 reply \ @kepford 21 Aug 2023

Twitter

0 sats \ 0 replies \ @momboteq OP 21 Aug 2023

Twitter is good for this.

0 sats \ 1 reply \ @guts 21 Aug 2023

Tech

0 sats \ 0 replies \ @momboteq OP 21 Aug 2023

okay, thanks :)

0 sats \ 1 reply \ @Public_N_M_E 21 Aug 2023

Bold. You may find you're in the wrong space for that particular topic.

0 sats \ 0 replies \ @kepford 21 Aug 2023

Fine line between the three. Boldness, ignorance, and stupidity. Not sure which one we are witnessing.

0 sats \ 0 replies \ @iguano 21 Aug 2023

What I like of these guys around here is that they need to use lightning and check how fast and private it is. (no blockchain). When they get back to monero and the 20 minutes sync for send a transaction they going to miss the speed.