/biz/ - Business & Finance

>>28448482
Store of value is an already fully realized use case for scarce crypto assets. Bitcoin is obviously the best example of this, with the market cap quickly approaching $1,000,000,000,000. Bitcoin exhibits all the properties of sound money, except one -fungibility. Fungibility means that each unit of money is absolutely interchangeable with one another. Bitcoin can not be considered fungible as each unit of it has a transparent history on the blockchain 'attached' to it. Who cares right? Well, with data analytics companies racing to meaningfully map the bitcoin blockchain, you'll be likely to see more headlines like this in the future:

https://bitcoinexchangeguide.com/iranian-bitcoin-trader-receiving-us-sanctions-affirms-innocence-in-wrongful-address-blacklisting/

You could be holding tainted bitcoin right now. By no fault of your own you could be linked to proceeds of crime, or perhaps a problematic political group.

Due to Monero's default privacy, it does not suffer from the same unit inequivalence. Monero is absolutely fungible, the missing piece of the Bitcoin puzzle. Further, Monero improves on many more of the monetary properties of Bitcoin, such as supply consistency (https://monero.supply/)) and divisibility (10^-8 vs 10^ -12).

As Dr. Daniel Kim said, "Cryptocurrencies are a genuine innovation, of which there are not that many that happen in one's lifetime". Support a project that aims to preserve individual liberty and sovereignty in a world where it is constantly being diminished.

"Privacy is the killer feature of the 2020's" -Chamath Palihapitiya

Fundamentals always win out on a long enough time scale.