Privacy coin, unlike Bitcoin which is a surveillance coin
Bitcoin has a fully public ledger, so while it's pseudonymous, you can easily trace transactions through the whole system to discover someone's identity.
With Monero, it's kinda like melting down a gold bar each time you use it. It's automatically mixed and tumbled so that no transaction can be traced.
Bitcoin is not fungible, in that some Bitcoin are worth less than others (tainted, "drug money" or "sanctions" or "user lives in Russia or China")
Whereas Monero is indeed fungible, all Monero from anyone and anywhere is the exact same, thanks to its privacy functionality
If the USD (the worst shitcoin in the world) finally collapses (would be good) then I hope the winner isn't Bitcoin (surveillance coin) or gold (hard to lug around, vaulting agencies introduce counterparty risks, Fort Knox is probably fucken empty lmfao)
"Capitalism has concentrated to such an extent that it requires a single reserve currency. The only way out is through." says Birdtankie on X. I agree. Production is globally socialized, all coordinated by a central signifier, the USD, but unfortunately that signifier is being debased and destroyed and its trust and confidence is collapsing as the world wakes up.
Global production will be coordinated by some other measuring stick, perhaps we'll just use Joules or Joule-Tokens, but for now the horse I want to see win is Monero.
I contend that having a hard money standard would result in technological deflation, collapsing the equilibrium-price of everything, forcing society to adopt an orientation towards use-value rather than exchange-value
North Korea supposedly is mining it, extremely based