So alot of the “argument against dero seems to be that its to good to be true which is what i thought and it actually isnt its quite crazy if you get into it and the community is picking up fast alot is getting done (dex, nft marketplace, mobile wallet ect. All done by community. Also like 5 months ago the foundation opened up alot more to community pull req which has been great, my main cons with dero are the premine which from what I’ve observed over the course of a year is that they have been very good about dishing it out to the community when it is deserved and the website and whitepaper situation is abysmal i cant defend that but you just gotta get into it yourself try interacting with a few things its quiet the surprise
The "shell game" part of Monero is only it's ring signatures (sender)
Amounts and reciever don't appear on the blockchain at all.
So in the scenario you correctly guess the true spend out of 15 decoys for a single tx "Hey guys this anonymous user sent $[redacted] to [redacted]"
Much less data and not as exciting as you make it seem. Plans are already under way to implement 128 or 256 decoys with Seraphis and eventually full membership proofs to get rid of rign signatures completely.
Dero tech seems great in theory, but in practice and implementation I'm not sure. I'm not a Dero expert, so correct my ignorance please, but these are the reasons I'm cautious and skeptical of it:
-marketing seems too good to be true and gimmicky
-centralized and targetable entity (Dero Project)
-dev tax/premine
-extremely limited developer community, almost no one is watching the code
-very cutting edge, unresearched, and unproven HE tech
-fixed supply (high future tx fees if adopted, and future mining insecurity)
-links on the website are broken or are pages like this that dont go anywhere (??? is this just a joke about how private it is?)
https://www.derofoundation.org/
https://github.com/deroproject/documentation/blob/master/Dero_Whitepaper.pdf
Discussion
I'm always open to try. What mobile wallet do you recommend? And could you link me the dex, nft marketplace, and any other relevant links? Thanks
The wallet is currently android only so i haven’t personally used it but ive heard and seen videos of it and it seems to work nicely the github is: https://github.com/g45t345rt/g45w/releases/tag/0.2.3
For the dex it is derodex.net, the dex also has a dero-eth bridge
For the nft marketplace it is : deronfts.com