My main point is it's essential for coins to hold their value otherwise it doesn't matter how private they are and no privacy focused chain will ever hold value because of the dilution effect of competition
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Let me ask you this. Do you use Bitcoin as 1BTC=1BTC or do you price things as BTC/USD?
If you value more the Fiat exchange rate than the actual currency then store value is moot, just go to fiat if it ultimately is value of the Bitcoin. If not then fiat prices shouldn't matter for the currency. Its based on the energy expended to create and maintain it that is the value of the currency. NGU is such a stupid metric to determine the value of a currency. It keeps us stuck relying on Fiat as the currency.
#Monero #Bitcoin
USD in offshore bank accounts which is a worse store of value than both Monero and gold beg to disagree with you.
Gold $25T
Offshore bank accounts $60T+