And amazingly, totally wrong, but quite comprehensible of a bitcoin native.
Again, this is about your definition of a shitcoin .... and given your response, it would not surprise if bitcoin falls in the same category. ;-)
There is more going on behind the scenes, played out through the crypto sphere: the "raison d'etre" of government and the iteration of it we now can see in all it's g[l]ory details.
You wanted to know why XMR is a shitcoin, anything that's not Bitcoin is a shitcoin by definition... but I added some reasons why its only used by retards
It's very simple what's going on, Bitcoin is the next world reserve currency.
From that perspective: Bitcoin is a shitcoin. Here are the reasons:
SSD prohibitive: bitcoin raw: close to 600Tb and exponentially growing.
Syncing first time takes an awful amount of time
Avg mining difficulty in not even 4 years from 17T tot 85T makes it cost intensive.
Hence, co-opted by just a couple of miners, 2 have 52% of the capacity, defeating the purpose of the coin.
It is expensive in execution.
It is slow in execution.
It is totally open.
It is co-opted by the system. Wait till the full force of paper shit bears down on it. See Gold/Silver. 68 billion volume = 15 billion in derivatives.
Exchanges are fucking you whenever they can: AML + ATF, KYC, and what not.
It is a speculative volatile asset with 1 use case: get shafted.
Added on services to achieve privacy make it complex and expensive.
However, there is tons of money to be made with it. Of course, after it is exchanged for other assets ....Like XRM, lead, gold, silver, real estate, production capacities, consumables.
I'll add one more: Brics crypto. So no, BTC will not be a GLOBAL reserve currency, perhaps a regional (not necessarily geographical) one at best.
Before anything else: are you referring to XMR as a shit coin? If so, please, explain? Inquiring minds want to know.
It's a psyop to keep privacy larps poor and out of the world reserve currency and ironically dox themselves in an illiquid honeypot
This is hardly an explanation of what you said.
And amazingly, totally wrong, but quite comprehensible of a bitcoin native.
Again, this is about your definition of a shitcoin .... and given your response, it would not surprise if bitcoin falls in the same category. ;-)
There is more going on behind the scenes, played out through the crypto sphere: the "raison d'etre" of government and the iteration of it we now can see in all it's g[l]ory details.
You wanted to know why XMR is a shitcoin, anything that's not Bitcoin is a shitcoin by definition... but I added some reasons why its only used by retards
It's very simple what's going on, Bitcoin is the next world reserve currency.
Thanks for your view.
From that perspective: Bitcoin is a shitcoin. Here are the reasons:
However, there is tons of money to be made with it. Of course, after it is exchanged for other assets ....Like XRM, lead, gold, silver, real estate, production capacities, consumables.
I'll add one more: Brics crypto. So no, BTC will not be a GLOBAL reserve currency, perhaps a regional (not necessarily geographical) one at best.