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Money has strong network effects, so it's not possible for Monero to win even if it was marginally better. It's a game of winner takes all. I agree that lack of
by Geee 5y ago
Money has strong network effects, so it's not possible for Monero to win even if it was marginally better. It's a game of winner takes all. I agree that lack of privacy can be a threat to decentralization and censorship resistance. However, Lightning Network makes bitcoin more fungible and private, so I'm not worried about that.
Goverments, especially in poor countries, are starting to advocate for Bitcoin, so it seems that 'government banning' is not an actual threat. For some governments it is, but people can move out. They couldn't use Monero either if it's illegal to accept.
- matheusmoreira 5y ago> Money has strong network effects, so it's not possible for Monero to win even if it was marginally better. It's a game of winner takes all. Yeah and it sucks. I hate how popular bitcoin is despite being the worst cryptocurrency in existence. Meanwhile, monero can actually be used as private digital cash right now but nobody knows about it. > However, Lightning Network makes bitcoin more fungible and private, so I'm not worried about that. It also makes it less decentralized. What's the point of the blockchain if you need this high level stuff?