The best debate I feel these days to see and have on this, the privacy it serves, why isnt that worth it?
35 sats \ 0 replies \ @BITC0IN 16 Jul 2023
Yes.
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21 sats \ 0 replies \ @nullcount 16 Jul 2023
To me, XMR is like Tor and BTC is like Clearnet. 99% of "privacy" use cases could be satisfied with clearnet HTTPS or a VPN, but I'm glad Tor is an option even if I have lots of concerns about its incentives and tradeoffs. There are simply some tasks that only Tor and XMR can can complete today, for example, selling illegal flowers online. And its a huge failure of BTC and Clearnet that we cant trade flowers online with them very easily. At the same time, anyone who uses Tor and XMR for everything is going to struggle more compared to those who accept the privacy tradeoffs and use the more mainstream Clearnet/BTC.
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15 sats \ 0 replies \ @takaponka 16 Jul 2023
Be careful by what you call Bitcoin community.
Monero is a tool that works as private digital cash, proof is free markets (aka black markets) are often forcing their users to use it, some even stop accepting Bitcoin, because lots of clients buy BTC on CEX and transfer funds directly to "illegeal" platform without using any provacy tools.
Monero privacy is by default, it's proof of work too. Don't see interest in holding it tho, it's a spending tool for me.
If LN was stable enough for big payments and private by default I would use it but it's still not the case.
I know many come to lynch me here but is my humble opinion.
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3 sats \ 1 reply \ @Zazon 16 Jul 2023
Monero is a toy, it needs historical signature data in RAM, it relies on less proven tech. Regular users couldn't run a node if it has the same usage as bitcoin.
The monetary supply is obscured by the cryptography.
It wouldn't be adopted by a country I think.
But it's okay for buying pot and VPN subscriptions. You can also just buy BTC p2p, problem solved.
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0 sats \ 0 replies \ @yo2xncv0 19 Aug 2023
Yea, but it doesn't have the same usage as Bitcoin right now so who cares about some hypothetical...Monero tx size has already been reduced by ~80% since it was created. Consumer tech and protocol scalability improvements get better over time.
Who cares about government approval or adoption. I thought we were trying to seperate money and state.
It's not just about buying pot. Monero's privacy gives it real world fungibility an ideal property of money. Bitcoin doesn't and everyone you interact with can snoop into your personal finances.
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1 sat \ 0 replies \ @premitive1 16 Jul 2023
When I still kept an open mind to alt-coins, I watched several videos RE monero and felt that it seemed to miss the mark in terms of what I consider money. So while private, I don't know that privacy in and of itself is a good enough reason to use something as money.
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