A hedge to [Bitcoin] ... the importance of "altcoin"?

[Moneroman88]

If truth is that Bitcoin's demise with its #1  $8,000,000,000 market cap will boost major Bitcoin-Holder-supported altcoin Monero with its $6,000,000 market cap, and Bitcoin's stellar growth will lead to Monero's exchange rate going down vs. Bitcoin, then Bitcoin's welfare is not in Monero's best interests.

In practice, very few own more XMR than BTC by value. Especially the largest holders of XMR invariably own a lot more BTC. This means that the majority of moneros are in the hands that would rather see Bitcoin flourishing (even if it means that XMR goes down), and therefore the Monero community is supporting Bitcoin.

Monero therefore is a hedge to Bitcoin, do you agree with this assessment?

The Monero camp is composed of some of the largest Bitcoin holders and if those holders ever decide to collectively withdraw their support, at this point it means a steep dive for Bitcoin.

Not even mentioning the possibility that other honest bitcoiners might also want to switch allegiance. There are many. The 10-15k holders of XMR collectively trust it only $6 million. But the same guys trust Bitcoin up to $100s of millions. If they decide to sell this stash out of fear or retaliation, the price would be destroyed.

[1715394234]

1715394234

[1715394234]

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[Torque]

Monero therefore is a hedge to Bitcoin, do you agree with this assessment?

Every alt coin is potentially a hedge to bitcoin, not just XMR.  So what?  Fiat is a hedge to bitcoin as well, lol.

The Monero camp is composed of some of the largest Bitcoin holders and if those holders ever decide to collectively withdraw their support, at this point it means a steep dive for Bitcoin.

To insinuate that the btc price is at this point being propped up by some "core Bitcoin elite" is asinine and laughable.

I love how these "What if bitcoin's growth is slowing and people decide to jump ship?" insinuative threads to start to come out once the btc price starts to stagnate.

[Moneroman88]

To insinuate that the btc price is at this point being propped up by some "core Bitcoin elite" is asinine and laughable.

No other altcoin even slightly has the amount of old school Bitcoin supporters. In fact a large chunk of the "core Bitcoin elite" members as you call it pretty much stands behind Monero. I don't see where this is asinine and laughable.

Bitcoin is not as solid as some investors or you make it look to be. In fact Bitcoin is extremely fragile as it solely depends on the support of its initial holders (of which - interestingly - I estimate at least 70%+ are actually direct Monero supporters/members). If these were to withdraw their support ... Bitcoin would crash significantly to a 1 digit price.

[criptix]

newbie jail please....

[cypherdoc]

To insinuate that the btc price is at this point being propped up by some "core Bitcoin elite" is asinine and laughable.

No other altcoin even slightly has the amount of old school Bitcoin supporters. In fact a large chunk of the "core Bitcoin elite" members as you call it pretty much stands behind Monero. I don't see where this is asinine and laughable.

Bitcoin is not as solid as some investors or you make it look to be. In fact Bitcoin is extremely fragile as it solely depends on the support of its initial holders (of which - interestingly - I estimate at least 70%+ are actually direct Monero supporters/members). If these were to withdraw their support ... Bitcoin would crash significantly to a 1 digit price.

how about providing some proof to these statements?

[uvwvj]

You have been here 2 days and already anonoying the fuck out of me.

[HI-TEC99]

What's the difference between Monero and all the other countless cryptonote clones?

[Moneroman88]

You have been here 2 days and already anonoying the fuck out of me.

It's ok to be very frightened of the obviously superior competition but you really don't have to be a dick.

What's the difference between Monero and all the other countless cryptonote clones?

Best community of all cryptocoins, and wealthiest group of supporters (majority of largest Bitcoin holders support Monero). Not comparable with other (insignificant and unneeded) cryptonote clones.

[Torque]

You have been here 2 days and already anonoying the fuck out of me.

It's ok to be very frightened of the obviously superior competition but you really don't have to be a dick.

What's the difference between Monero and all the other countless cryptonote clones?

Best community of all cryptocoins, and wealthiest group of supporters (majority of largest Bitcoin holders support Monero). Not comparable with other (insignificant and unneeded) cryptonote clones.

Go away

https://bitcointalk.org/index.php?topic=784941.0

[Lasmiranda]

newbie jail please....

Absolutely!