/biz/ - Business & Finance

>>55156311
>. Bitcoin has cornered literally everything else. Cross-border payments, subsidizing power plants & green energy projects, being accepted as legal tender, a savings vehicle in Africa and other high inflation countries

lol even if true, none of that is permissionless, the State *currently* tolerates Bitcoin but that could easily change in future once Fedcoins are rolled out and likely granted a monopoly on digital payments, gubmints tend not to like competition.

Meanwhile, the shadow economy just chugs along and keeps growing regardless. Ergo why holding XMR is so comfy.

>>54703266
>the same thing as monerofags, only they actually have the size to pull it off?

lol unlike Bitfags, Monerofags have the shadow economy (black market) to fall back on, a place to continuously exchange their coins for goods & services regardless of legal status.

>illicit* goods and services market. monero doesn't/can't compete on plaintext commerce because nobody wants to accept it due to every coin having unwashable taint.

lol illict market = permissionless economy, you can't be shut out of the black market. But you can be shut out of the white market, you have no guarantee that the State will continue tolerating the use of crypto in the mainstream economy in future, especially now they're preparing to roll out their own Fedcoin.

TL;DR: Bitcoin losing the black market makes it wholly dependent on the State allowing it a place in the mainstream economy. Yikes!