Post AkUZNUAkJfke7uec8O by 36c6544cd987b728866619d40386f45a3843e2c88ed832bfd09207a24b29da64@mostr.pub
 (DIR) More posts by 36c6544cd987b728866619d40386f45a3843e2c88ed832bfd09207a24b29da64@mostr.pub
 (DIR) Post #AkUZNTLhNSuzZalqZE by ac340a0ffa48589e98af8577754529e8c59f7fd110f1bc832d0e8d4c4d3d1853@mostr.pub
       2024-07-30T16:38:34.000Z
       
       0 likes, 0 repeats
       
       What is the point of owning #MONERO then? #XRM #Asknostr
       
 (DIR) Post #AkUZNUAkJfke7uec8O by 36c6544cd987b728866619d40386f45a3843e2c88ed832bfd09207a24b29da64@mostr.pub
       2024-07-30T16:42:08.000Z
       
       0 likes, 0 repeats
       
       Because of the dynamic blocksize, competition between miners will cause fees to decrease. If mining is not profitable due to a high cost and low reward, miners lose their incentive and will stop mining, reducing the security of the network. Tail emission ensures that a dynamic block size and fee market can develop.To answer your question. "Privacy"
       
 (DIR) Post #AkUZNUkCBs6jtrEvOC by ec99edc5567e02815fb15020285e2fa8390931cedf59c83d6bb2c5f6ee1530b9@mostr.pub
       2024-07-30T17:56:12.000Z
       
       0 likes, 0 repeats
       
       Broadcast networks don't scale. Dynamic blocks will just ensure that payment layers won't develop & the base layer will ultimately centralize. The design ensures a slow march toward a dead end.
       
 (DIR) Post #AkUZNVIw6htfdbUfXU by 36c6544cd987b728866619d40386f45a3843e2c88ed832bfd09207a24b29da64@mostr.pub
       2024-07-30T18:03:54.000Z
       
       0 likes, 0 repeats
       
       Cuz Bitcoin gets the proper use that a currency should, right.Bitcoin mining, very centralized and not accessible to many
       
 (DIR) Post #AkUZNVnmG2ZDBFvIbw by ec99edc5567e02815fb15020285e2fa8390931cedf59c83d6bb2c5f6ee1530b9@mostr.pub
       2024-07-30T18:51:57.000Z
       
       0 likes, 0 repeats
       
       The process of monetary adoption, is store of value > means of exchange > unit of accountPeople are at different stages of this process, institutions are just entering the store of value stage, sone long term bitcoiners are already reaching the unit of account stage. But currency use will primarily happen on 2nd & 3rd layer networks which either do not yet exist or are not yet mature (because broadcast networks don't scale).There are multiple consumer grade low power hardware options for people who want to mine bitcoin. My brother & lots of others are using waste heat from larger miners to heat their homes. Saying it's not accessible is kind of ridiculous. But even if mining was largely inaccessible, that's less of an issue so long as everyone can run a full node & fully audit the system.
       
 (DIR) Post #AkUZNWKkHSwEpVLczw by 54a076b1c2a6fdd7bcf6b722deb9fadab857c5624d54c2620d68cc3a5334b0cf@mostr.pub
       2024-07-31T08:12:10.000Z
       
       0 likes, 0 repeats
       
       This guy disagrees with youhttps://image.nostr.build/3d7a8b836098ef9b09f31bf7510fe0ca0fa8859b5f8b263dceeb42dfb2a497c8.jpghttps://image.nostr.build/ccf181ed168942446d16535fa01942fcb9f471b7b689c9d9f8d12839df0b629c.jpg
       
 (DIR) Post #AkUZNWr0LWk6RYROHQ by ec99edc5567e02815fb15020285e2fa8390931cedf59c83d6bb2c5f6ee1530b9@mostr.pub
       2024-07-31T13:59:48.000Z
       
       0 likes, 0 repeats
       
       Being scarce & desired by many people are prerequisites to being a means of exchange. Scarce & desirable things tend to be decent stores of value. "I want that" necessarily comes before "I will trade for that."
       
 (DIR) Post #AkUZNXP2Izxs96MZKC by nicholas@aklp.club
       2024-07-31T14:17:08.043632Z
       
       0 likes, 0 repeats
       
       Not quite. "I want that, therefore I will trade for it" is just barter. "Other people want that, therefore I will trade for it" is means of exchange.