What's the consenus on Monero?
I feel so naughty just typing about it.
#asknostr
Discussion
Monero really is what noobs think Bitcoin is.
P2P digital cash.
so you about it?
It looks like it aligns more to the principles of Bitcoin. I worry that bitcoin is being occupied more by paranoid plebs, ultra wealthy and governments, though, hasnt been adopted by mainstream normies
Monero aligns more with the original principles of Bitcoin.
that is,
paranoid cryptoanarchists who dgaf.
if you want normie adoption, it's Bitcoin.
It's a competent vessel for executing transactions, but there are virtually no places you can use it. I think most Monero transactions are between leet Monero aficionados. And it's popular on the dark web marketplaces. I don't really see any value in accumulating XMR. If you're buying something with Monero, just convert some bitcoin to the amount you need. Otherwise, I don't see a lot of value in the currency.
Ah I see.
thats a lot of aficionados
Is it? The term "a lot" is totally subjective and relative. I would say 43k transactions per day in the broader context, especially considering that it's the entire blockchain, is not a lot. Monero definitely has a committed user base, but I just don't see it going anywhere.
Could it also just be the same people “zap washing?”
It certainly could be. The problem with all-inclusive metrics like this is that you can't account for any particular type of transaction, or how a particular type of transaction in the aggregate could impact the whole, and thus the perception based on the whole. It means metrics like this aren't actually useful even if they act as ammunition for making a particular point.
particularly true with XMR perhaps since txs are fungible and the only metric is total txs
as you say, its relative.
and unlike Bitcoin, it just needs to work.
it doesn't need to "go anywhere"
It will always be seen as the money laundering terrorist coin by the powers that be.
Which is great, because it takes the heat off Bitcoin.
nostr:note1220x924alnytgylllum7magjscw6uen0qzh8u5ngk39c6z9gn5wsyg42en
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