Bitcoin's Co-optation by the Financial System and the Rise of Monero: A Critical Analysis (monero.town)

submitted 3 months ago* (last edited 3 months ago) by prancing389@monero.town to c/monero@monero.town

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Pass this URL on to those considering crypto for the first time, or to a BTC maxi to watch their head explode, lol.

Bitcoin's Co-optation by the Financial System and the Rise of Monero: A Critical Analysis

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[-] ReversalHatchery@beehaw.org 5 points 3 months ago

Link without tracking: https://bastyon.com/not_bs?s=3dc5d7dfc21c4cfd41573d398c099bdba7623f70d007f916e8fe6180a4b6fd08

[-] venke@monero.town 1 points 3 months ago

Good bot

[-] ReversalHatchery@beehaw.org 2 points 3 months ago

The website is garbage though, it does not work without scripts and archive.org can't make a working archive of it, which is so rare that I suspect it's intentional. archive.today was able to make one though

[-] tusker@monero.town 1 points 3 months ago

It is a decentralized social network, the site is just a frontend to the content.
It is best used with the desktop or mobile app which bypasses DNS and hosting service and talks directly to the nodes.

https://bastyon.com/applications

[-] ReversalHatchery@beehaw.org 1 points 3 months ago

Ok, but I don't want to install anything to read a linked post, because then it has unnecessarily more capabilities compared to when it's confined to a web browser. Also, there's no excuse for breaking archiving sites.

[-] delirious_owl@discuss.online 1 points 3 months ago

js;dr

[-] hfondmanager@monero.town 1 points 3 months ago* (last edited 3 months ago)

Re-hypothecation ... leading to a situation where multiple claims exist on the same Bitcoin holdings.

effectivily dilluting the as-if supply with derivatives: leveraged gains for banks.

They are selling non-existant stuff (like with the big XMR price manipulation) -- we'd need a mechanism of price discovery which distinguishes between real and paper. Monero on exchanges has the same problem. Weren't we supposed to be delisted from this scam?