11 sats \ 9 replies \ @siggy47 16 Feb 2023 \ on: Bitcoin vs Monero bitcoin
Monero had no pre mine, it's proof of work, and it does have strong privacy protection. IMO it's biggest problem is that it will inevitably be centralized. Block chain size is already huge, and quickly getting beyond the ability of an average user to affordably run a node. If it survives into the future, the network will be controlled by large, centralized nodes. Also, unlimited supply.
pretty much this. I mine monero with my older pcs and trade the xmr for sats. only real use I see for it. if cpu mining bitcoin was worthwhile I'd just do that.
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Can it be used like a coinjoin? (BTC into monero back into BTC)
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I believe there are atomic swap protocols available. I can't speak to their quality or security. I have never done this nor do I hold monero. There is a prominent bitcoin podcaster, Peter MacCormack of What Bitcoin Did, who I believe uses cake wallet to transfer back and forth between monero and bitcoin. As soon as I hit the send button @DarthCoin will abuse both of us for having this discussion. Just a heads up.
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@Darthcoin 👎
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At least we have our shields on.
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thank you for reply! but what about bitcoin? bitcoin's blockchain will not be a huge in the future, given that the monkeys brought NFT there?
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No. Segwit permits limited use beyond the one
mb limit for specialized witness transactions. There are many people here on SN that can explain this better than me. In no event can a bitcoin block be larger than 4mb. Monero does not limit block size.
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I got it, thank you!
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