I’ll say it’s the second one. 4:00 minutes in of the fourth clip explains pretty well. I think people prefer analog over digital. And even if we lived in a society where people like digital over analog, they would collateralized tools instead, like onegold, etc. Even if we ignore Monero, I think even conventional gold beats Bitcoin too from a SoV, and stability angle. More people know gold, most of our history was built on it. Bitcoin is only around for 17 years, or 0.0057% of human history, whereas gold has been around for 2,600 years, or about 1% of human history. Most people’s opsec model doesn’t include the state, and even if it did I think they have Swiss Bank Accounts, and other mechanisms (besides Monero) to help launder funds out of the country, etc. View quoted note →