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Despite my username I am not a maximalist on any technology. Ethereum is very interesting and there are a number of scaling solutions (referred to as “layer 2s”
by monero-xmr 4y ago
Despite my username I am not a maximalist on any technology. Ethereum is very interesting and there are a number of scaling solutions (referred to as “layer 2s” or L2s) that have the same guarantees as the main chain but are far cheaper and faster (see Optimism and Arbitrum).
In Bitcoin the lightning network is slowly but steadily making progress amongst the faithful. It is also a faster and cheaper network.
Monero is the currency I recommend heavily because it is privacy-by-default - anyone who uses Monero is not broadcasting their intentions. This is an extremely valuable aspect of financial freedom and it gives me long term faith in its utility.
The key thing to remember is that all value is subjective. Someone will pay infinite money for a glass of water when they are dying of thirst and no money when they are drowning.
If a large portion of society values digital assets, then they have value. There is really nothing more complex than this for anyone to understand.