I still think my question about Zcash deserved an answer since you (Murad) has been bullish on Zcash in the past. But I am sensing from your posts that you are evolving into a more BTC maximalist position, am I right?
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yes. I increasingly believe that privacy as a feature alone is insufficient to compete against BTC’s monetary network effect nor accrue significant value to a separate coin.
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Bitcoin's network effects will be no match against privacy coins that have the fundamentals needed to be a strong money. BTC's network effect is super small right now. Market cap of Bitcoin is 1/10 th of Apple, for perspective.
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Let’s say there are 20 characteristics that matter for a Store of Value. ZEC/XMR are superior to BTC in 1/20 of them, but BTC is superior in the remaining 19/20. That’s a fact. It will be a very uphill battle, even for privacy coins. Also, BTC privacy is improving.pic.twitter.com/raNMbzcEsi
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The # of characteristics is somewhat irrelevant given the importance of privacy as it relates to money and wealth storage. Who wants to use a system that reveals your entire balance when any money is moved?
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BTC privacy will be good enough & BTC privacy is improving while privacy coins are deeply lacking in all other areas vs. BTC. It’s a very uphill battle, more so if you believe this market is ultimately winner take all, which I do.
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Is there such a thing as 'good enough' privacy as it relates to money? After all, these aren't pictures of dogs or twitter memes that we're talking about. The XMR/ZEC technical architects argue that privacy additions to Bitcoin (and Ethereum) will never deliver the same privacy.
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I have moved my Bitcoins over 30 times this week. Do you know how many coins I have? LN privacy, Tumblebit, Dandelion, JoinMarket, ZeroLink, Samourai techniques and many other things are here or in development. Yes I think there is such a thing as good enough.
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Non-BTC Altcoins? as opposed to BTC Altcoins? You talk shite mate.
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sorry for your losses
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Ive made waaay more money with Alts then with BTC. Nothing to feel sorry for.
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that speculative mania might happen once or twice more, but it cannot last. One currency will win.
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Right, so the whole crypto ecosystem will disappear and there will only be BTC Left... again, youre talking shite.
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Read “The Bitcoin Standard” by Ammous
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Btc doesnt need to win, its already winning and it always will be ahead. But it will not solve all use cases for future needs of distributed ledger tech. Not every crypto project is competing with btc's top spot.
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False. DOGE will drop the least.
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Can you quickly define Non-BTC Altcoins please? Thank you
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everything other than BTC
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