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318 sats \ 4 replies \ @Wumbo 26 Jul \ on: So what are the problems with Monero? bitcoin
Issues that have some merit:
  • Some people have issues with the trailing emissions. (no max cap).
  • Some people have issues with not being able to verify current supply (not as transparent as BTC. Which helps with privacy)
  • BTC has the first mover advantage and currently has far more hash rate to protect the network.
Issues that are just FUD.
  • "Another shitcoin."
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48 sats \ 3 replies \ @clr 26 Jul
To that I'd add Monero's anti-ASIC stance. Bitcoin is protected by a most of capital investment (mining hardware) that may becomes useless if bitcoin fails. Monero doesn't have such moat as it uses general purpose hardware.
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21 sats \ 2 replies \ @kepford OP 26 Jul
that may becomes useless if bitcoin fails
I don't get what you mean here? Bitcoin's difficulty adjustment algo means if large mining ops stop mining, because bitcoin fails then CPU mining may again be viable. Its not one or the other. Maybe I misunderstand you.
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55 sats \ 1 reply \ @clr 26 Jul
I mean that because bitcoin miners have to invest capital upfront in buying ASICs they are invested in bitcoin's long-term success. If bitcoin fails and they haven't amortized their investment in hardware, they lose their investment.
Whereas someone mining with their CPU/GPU doesn't care about a specific coin. If the coin they are mining fails, they can simply switch to another coin and keep mining, or even use their GPUs to train AI or whatever.
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31 sats \ 0 replies \ @kepford OP 26 Jul
Ah, I get you now.
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