Dude, you can make a wallet for any cryptocurrency and transact on an old computer. That's what defines a cryptocurrency, it's like the least unique thing Bitcoin has. Monero, USDC on ETH, Nano, XRP even, are all DEFINED by this.
On chain supply auditing doesn't help if you don't know what addresses belong to what institutions and what their internal paper balance sheets show. The transparency problem with institutions remains completely unaffected by Bitcoin adoption.
Replies (3)
Have fun with monero and fuck off man
We don’t want to hear your bullshit
Ironically Monero historically was the most vulnerable coin in regards to fractional reserving it.
But as it is also a powerful MoE that is actually used in all markets it got delisted from almost all CEX and I sincerely hope that they will pull it from all remaining CEX. That will kill paperization.
But even with remaining CEX it can not be dumped below a certain threshold value because its usage dictates a price floor tied to the real economy which makes it ironically a good store of value despite not being able to perfectly audit it.
You literally lied claiming that Bitcoin is the only cryptocurrency you can permissionlessly transact with computers. If anyones spewing bullshit it's you. Stop lying, be honest about Bitcoin and you won't get people calling you out.
