If you think the altcoin crash is over you’re in over your head. Non-BTC Altcoins are yet to experience a *deep* & mind-bending capitulation. This market of utter and worthless scams is collapsing in slow motion. Bitcoin will drop the least as it commands the strongest trust.
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Replying to @MustStopMurad
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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Replying to @VictorErem
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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Replying to @MustStopMurad @VictorErem
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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Replying to @ask_aristarchus @VictorErem
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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Unlike you I care about my wealth
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Replying to @MustStopMurad @RyanSAdams and
and that is your only data point in this game, which is an excellent attack vector against your simplistic & weak maximalist arguments. Build not fold
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Replying to @twigwam @RyanSAdams and
feel free never to comment on my timeline again. thanks
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