pull down to refresh

50 sats \ 7 replies \ @DeezSats 31 Jul 2022 \ parent \ on: For those who dislike Monero…why? bitcoin

Montero can't be audited. That means it is fundamentally untrustworthy, because you can't verify the inflation peomises. Bitcoin fixed that already.

write
preview
0 sats \ 6 replies \ @allark OP 31 Jul 2022

It can be. Please see XMR sub for how. 🙃

reply
1 sat \ 5 replies \ @nullcount 31 Jul 2022

It CAN be audited. However, an inflation bug could exist without being detected. If an inflation bug was exploited in BTC it would be obvious.

reply
150 sats \ 3 replies \ @DeezSats 31 Jul 2022

Auditing that can't detect an inflation "bug" isn't auditing you can trust.

reply
0 sats \ 2 replies \ @nullcount 31 Jul 2022

Agreed. I never hold XMR for more then a couple minutes so if I get debased in that time, it's an acceptable tradeoff for me.

reply
125 sats \ 1 reply \ @DeezSats 31 Jul 2022

Using a money like a hot potato because of its flaws does not bode well for that money's long term prospects.

reply
1 sat \ 0 replies \ @nullcount 31 Jul 2022

Also agree. But it's currently the best choice for privacy as deemed by the markets where privacy is priority.

More darknet markets accept XMR than BTC. The good news is that these markets are always getting shut down and rebuilt so once BTC competes better on privacy, it should be adopted in short order.

reply
10 sats \ 0 replies \ @deleted231216 1 Aug 2022

deleted by author