/biz/ - Business & Finance

>Monero is the only goddamn currency that's used! Nobody uses Bitcoin, people trade Bitcoin, but you and I and everybody knows that eventually people are gonna catch up and catch on and go "Oh, fuck me! Bitcoin's worthless!"
He was right

>>54701075
>Cake Wallet very good.
>Vik Sharma very cool.
>MAGIC definitely independent.
>Still going on about Haveno.
lmao
>So in short, your posts reek of concern trolling and downplaying how important cakewallet has been to Monero's significant userbase growth since its inception.
Your post isn't an argument. Cake provides a Monero-reliant product; Cake is therefore incentivized to "grow" Monero's userbase. This "growth" augments Cake's profits, and these profits are "invested" back into the Monero community - often in the form of advertisements and acquisitions. These "investments" further solidify Cake as the de facto authority in Monero's development and community.

Cake's actions very obviously erode the *decentralized* development of Monero, and having fewer points of failure for a project like Monero is an absolute non-starter. I'm fucking perplexed why this has to be repeatedly explained here.

>>53658246
>Blockstream pays BTC core devs but their business model is doomed to fail and go bankrupt, which is based and allows for better entrepreneurship
their business model is to monopolize and obstruct the development of bitcoin to the extent that bitcoin loses its status as a functional currency, and there's no guarantee the collapse of blockstream will reverse this lost status. applying wholesale the capitalistic impulse of private enterprise to any currency, fiat or crypto, will inevitably pervert the function of the currency in the same way a parasite perverts the function of its host; a private entity will almost always undermine the utility and/or value of a currency in pursuit of greater yields (e.g., zcash, bitcoin).

therefore, users and devs alike should remain skeptical of a company like cake wallet and their apparent aspiration to dominate the monero sphere with cake pay, haveno, monero.com, @monero on twitter, magic grants, and endless amounts of community astroturfing.

why do you think we're all here? because it fucking works, and most of us would like to keep it that way.