Devil's advocate: what if we do a hardfork of bitcoin that is private. Every holder gets an equivalent amount of private bitcoin and yes, the institutions dump and crash the price but we have instant wide distribution of a privacy coin. Where does my proposal fail?
Login to reply
Replies (1)
Either merge mining with bitcoin or switch to RandomX merge mining with monero.
Benefit would be wide distribution and branding/network effect.
Realistically the price would be quite low.
Monero price reflects the demand for private payments, bitcoin price reflects demand for 21M/infinity. If that turns out to be a gigantic bubble remains to be seen.