Subnostr

I just think you need to consider how it might play out a little more thoughtfully. I have no idea why you assume it would happen in such a way as to give you an early warning.

Monero could have a pre-mine, meaning the original creators have a large stockpile unfair advantage that they can spend or not spend at whatever rate they want. But they probably wouldn't spend it in a way that would make it obvious, although if they did they'd spend it all at once, and you certainly wouldn't have time to react. There are plenty of other ways too, without delving too deep into Monero's technical specifics.

Saberhagen The Nameless 1y ago

It's not necessarily about an early warning. I'm not saying it's impossible, but just showing you ways it would most likely be detected/suspected. It's price action on the market would be one.

I just think you have too much faith in people keeping secrets especially of this magnitude, either escalating the abuse (thus the obviousness) or reaching the community from users reporting it (thru the grapevine or discovering it by themselves). We already have precedent of this in Bitcoin of lone anon users warning devs of inflation bugs that no one else was aware of.

Good news is you don't have to agree with me though.

I already showed you how to sidestep all of that worry.

Use Monero like a checkings account/spending cash (strong privacy,fungible,cheap) and Bitcoin as your savings account.

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Discussion

Anchorite 1y ago

word of mouth works a lot better when 100 million people can verify and analyze something rather than 10 people.

the corruption would most likely take the form of minor price movements you wouldn't think anything about. you don't know why monero is trading as low as it is currently, perhaps it's already being cheated.

best of luck

Saberhagen The Nameless 1y ago

But in practice 100 million people dont verify...

20,000-50,000 run node at all

and only a small fraction of that fraction are actually paying attention to the constant stream of inputs/outputs and arent just simply "running a node in the background"

Best of luck to you too

https://bitnodes.io/