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113 sats \ 11 comments \ @expatriotic 21 Feb monero

"It's harder to shoot yourself in the foot if you go into Monero."

Matt Odell

“I think what we’re going to see soon is Schnorr, Taproot, and Tapscript, which open the door to a lot of improvements,” Antonopoulos said, “But they still do not involve zero-knowledge proofs or the types of ring signatures and stealth addresses that are done in Monero. Bitcoin is not a privacy coin.” Source Andreas Antonopoulos

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42 sats \ 9 replies \ @IamSINGLE 21 Feb

Apat from better privacy (as is mentioned), what differentiates Monero from Shitcoins?

Does it not have a CEO?

7 sats \ 8 replies \ @expatriotic OP 21 Feb

Here's my bullet point breakdown:

No CEO no. No pre-mine. Not a fork or clone of Bitcoin's code. Different elliptical encryption scheme altogether. No one profits off of noobs. No Scam. No pump and dump. No "board" or founder who allocate to themselves.

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21 sats \ 7 replies \ @IamSINGLE 21 Feb

Why have stackers here been calling it another shitcoin then?

21 sats \ 2 replies \ @rafael_xmr 21 Feb

they are maximalists, which means investing only in Bitcoin forever in hopes that it goes up in value forever. People that use Monero on the other hand don't care about its price, even though the price isn't bad, but using untraceable money and making the state weaker is more important

0 sats \ 1 reply \ @expatriotic OP 21 Feb

A lot of the podcasts about monero seem to harp on price... It's not a Bitcoin only phenomenon.

33 sats \ 0 replies \ @rafael_xmr 21 Feb

sure, Monero has been gaining value versus BTC ever since november but that doesn't mean bitcoin is a shitcoin and the thesis is go all in Monero and get governments and institutions to buy Monero, and bitcoiners will HFSP. see the difference? You can talk about price but not go crazy on it

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0 sats \ 0 replies \ @yo2xncv0 7h

Because they're wrapped up in an ideology so aren't thinking clearly

It's not surprising that Bitcoin maxis are calling something other than Bitcoin a shitcoin. What is surprising is Monero is probably the only other cryptocurrency that many of them give a pass to, actually use, or respect even if they don't use it:

"Monero is a very good privacy complement to Bitcoin" -Nick Szabo

"I looked at all the other major cryptocurrencies that had adjustable blocksizes and the only one that I thought that didn't completely suck was Monero" -Jameson Lopp

"Maybe you need a Monero" -Michael Saylor

"For really strong privacy, Monero is much better" -Andreas Antonopoulos

"There's a lot of advantages to using Monero" -Matt Odell

"Monero is the only goddamn currency that's used!" -John McAfee

"Monero will be a champion in that space and we'll have a Bitcoin-Monero duopoly" -Max Keiser

"All fiat systems and all tokens outside of Bitcoin and monero (to my knowledge) have middlemen you cannot get rid of" -Adam Curry

"I would say Monero is not a shitcoin. I think it's a very innovative and new research project that works." -Max Hillbrand

"Monero; Just use it. Objectively it's better than Bitcoin [for privacy]...it's obvious" -Amir Taaki

"Monero is closer to our hearts than whatever Bitcoin is turning into today" -Samourai Wallet

"Bitcoin is the reserve currency. Hold it. Privacy coins are transactional privacy. Use them...Monero" -Balaji

"99% of cryptocurrencies are complete and total garbage, but even among the upper echeleon of real ones, Monero is in the top percentile, so it deserves our respect" -Paul Sztorc

"Surprising number of Monero lovers on #Nostr. It’s the only altcoin that I consider has a community of actual cypherpunks with similarly aligned values as bitcoin." -Guy Swann

"Monero has always been the altcoin outlier for me, never a shitcoin because I have a valid use for it that I can't achieve with #bitcoin." -Peter McCormack

"I have an issue when Bitcoiners get so closed-minded and says Moneros a shitcoin. No it's not. There's some brilliant people there and there's a lot to learn...I'm a fan of Monero." -Nicholas Gregory of Mercury Layer

"monero is the best of all Altcoins" -Calle

"To me Monero is the litmus test in Bitcoin...Monero is such a good money just technically" -Ragnar Lifthrasir of Guns N Bitcoin

"There are altcoins out there that have interesting ideas, but they are very very rare...if a couple altcoins exist, like Monero, where they actually have an interesting idea and a different model that's fine." -Peter Todd