How true that #Monero is causing blockchain bloat and what does that even mean? What is the risk of blockchain bloatness (if it is true) to potential Monero buyers? Thanks 🤓
Discussion
Blockchain bloat is for the technies coding the blockchain to worry about. (and associated thus miners, etc) ... For a user, don't worry (they do that for you hehe).
I think I was not articulating my question properly. My question stems to understand the strategic future of Monero. It means what are the current risks other than market volatility but also existing technological risks that may hinder the full potential of this cryptocurrency! I understand not all users want to understand what is under the hood. However, if you plan to invest on a tech (which is technically all cryptocurrencies are!), you want to know its strategic and long term plan. Any investors think otherwise is gambling! Ty 🤓
"the strategic future of #Monero." That was and remains to be the best privacy coin.
That's why people buy it, that's why people use it, and that's why (if it maintains that focus, and why wouldn't it ... it's taking over from #bitcoin) ... it will remain of value, or increase in value (the latter point = not really the point of Monero (something the bitcoin crowd still don't seem to get).
Understood a different way; the bitcoin crowd want to be the new rentier class (undertaking no economically valuable economic activity just #HODL) ...
As I pointed out to UK police back in 2014; fatal mistake.
And they made it ...
And now, my monero ... #winning :)
And increasingly all the bitcoin, is locked inside #tradfi
NO CURRENCY AT ALL. ;)
You can cause blockchain bloat on all blockchains, but on monero it goes pretty well:
For example, on bitcoin when you bloat the chain it spikes fees and your transaction is in pending for hours/days.
On monero, if you used your own node it only took more storage on the device and transactions 2~4 minutes slower.