There's nothing about Monero that makes it a shitcoin.
lay down some facts or GTFO
Discussion
Is Monero a shit coin? Serious Question.
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Greed is the only real excuse for those who advocate for “BTC only”.
Simple as that.
And you can clearly see how they have a giant fear of #XMR being more useful than #BTC.
even more than greed, theres this smug self satisfaction of knowing something special and being part of an elite group.
then that feeling is rationalized by the greed. because NGU Good.
"if giant fiat institutions are buying Bitcoin it must validate all the ideas Saife wrote in that book I read that one time? I am very smart.
people who criticize or point out nuanced tradeoffs are very dumb."
pretty normal groupthink bullshit.
Just out curiosity, how much monero do you own? 2 digits or 3?
I've tried a million times to explain to maxis that the path they are walking down right now is scaling via custodians and it ends in banks controlling everything and nobody except ultra rich people having any sovereignty. all the benefits of the technology are completely nullified at the end of this path. they never give a rebuttal and they don't care what happens at the end of their path as long as they personally get rich, but they will pretend to care about these things if it draws in more suckers.
Don’t know the shift coin
But do know #StackSats
#btc #bitcoin worldwide will be standard
If you compare it to Bitcoin, it's definitely a shitcoin.
- Unlimited supply
- Constant hard forks
- Less secure
- Less scalable
- Offers little to none actual privacy benefits
-Unlimited supply
A known and constant tail emission is not "unlimited supply"
-Constant hard forks
Hard forks are not "constant." Monero forks in new features when they are ready.
There has never been a contentious fork.
- Less secure
This really is a matter of perspective.
Bitcoin could be "less secure" because people can see you use it.
But its true the amount of energy protecting the Monero chain is VASTLY smaller.
- Less scalable
Monero txs are indeed larger and the chain grows faster. However L2s are also possible on Monero if its ever a problem.
- Offers little to none actual privacy benefits
This is just straight up false.
Monero protects the sender, receiver and amount in an *extremely* secure way while still providing a good user experience.
You can literally download a wallet and send to an address and have good privacy guarantees.
Anything else?
bitcoin has unlimited supply if you have unlimited time to find a SHA256 hash collision. see, I can say retarded things too!
All of these have counter arguments, but that last one is just dishonest
Amounts and addresses are completely hidden
(not merely obfusctated like the optional rube goldberg workarounds for Bitcoin "privacy")
How is that "little to none actual privacy benefits"?
To be honest I don't know. But I know there is only room for one and that is #Bitcoin
Rest if they don't fail would be not attractive
Agree Monero is the only other interesting crypto because it essentially solves through trade offs what Bitcoin lacks and that is anonymous transactions. I don’t think we will ever see anonymous transactions on layer 1 bitcoin therefore there will always been a need for an anonymous crypto and currently the best is Monero.
What is the supply cap of this monero shitcoin you speak of?