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121 sats \ 4 replies \ @fiatbad 6 Feb \ on: Monero territory monero
Digital scarcity becomes worthless if we allow ourselves to value anything outside of the 21 Million Sats in Bitcoin. By adding Monero, you just devalue yourself.
That said, I can respect people who believe a different digital scarcity is "better" than Bitcoin. For example, B-Cashers who own zero BTC. This group makes more sense than someone owning BTC alongside XMR.
There are tradeoffs to everything. BTC makes tradeoffs in order to be the best at what it does. This means we have to live with some negatives.... we should NOT go off and "have-our-cake-and-eat-it-to". You find a way to make Bitcoin work for you.
Don't own two different digital-scarcity tokens, and don't support others who do either. Pick one, and die on that hill. If you want to pick XMR, fine. I respect that choice. But if you own BTC "just in case" also, then you're being disingenuous and lack virtue.
That's a good position I've never heard before and it does make sense, I own both but that's to provide liquidity, I can create offers on robosats or retoswap and generate yield while the market participants need on-ramps and off-ramps to move from one asset to the other
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Would you ever use cash to buy something privately despite the fact that the dollar is going to zero against bitcoin? Of course you would. Use monero is no different except it's digital cash. You can hold bitcoin and spend monero.