Nostr Web Client

Most people on Nostr are strictly BTC and they like to trash anyone who has a different opinion, however I also like XMR

Sourcenode 2y ago

Yes, I am BTC only. After witnessing three bear markets and reading dozens of books on bitcoin, history, and economics I concluded that Bitcoin is the best investment on the planet by a large margin.

XMR attracted me for a time in the sense that it's supposed to be private, a feature BTC hasn't ironed out yet. There has been some speculation around that, but I don't have any evidence either direction. The fact that I know what Fluffy Pony looks like is problematic in itself.

What I do know is that XMR has a blockchain bloat problem (ZEC is worse), the full UTXO set cannot be audited, there is not a supply cap, and legislators are going to attack the onramps to XMR in particular because it is a lightning rod for illegal activity.

The first three issues are technical facts. The last one is a game theory issue. Regardless of ones ideology around the state it's clear that major investors will steer clear of XMR and it will never attract the kind of capital that BTC will.

I'm always open to a discussion, but I have had this discussion many times already so forgive me if I don't engage beyond this message.

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Discussion

nobody 2y ago

Understood. All valid points. I will definitely take them into consideration. Thank you.

Sourcenode 2y ago

Godspeed my friend 🙂

Saberhagen The Nameless 2y ago

XMR is not an investment. It's p2p digital cash. That is your disconnect.

There is no speculation around Monero's privacy unless you just don't understand it. You can't see amounts or recievers on Monero's blockchain, period. They are completely hidden unlike Bitcoin or coinjoins. Monero has no transaction graph.

I don't understand the Fluffy Pony ad hominem. You don't like how he looks? You're basing your technical opinions of a crypto on how the devs look?...🤦‍♂️

How do all these future scalability hypotheticals invalidate Moneros usefulness right NOW? For all you know Monero doesn't ever grow to these massive sizes and remains a niche black/gray market crypto (most likely scenario). Or it grows at such a slow rate that it easily scales.

You audit Monero the same way you audit Bitcoin. Users run a node. No Bitcoiner takes advantage of Bitcoins simple math transparency and makes sure all inputs and outputs in 800,000+ blocks equal out. They also don't continue doing this every ten minutes ad infinitum. They run and trust their node to do it and pay no mind. Exactly like Monero. No real world difference.

If you are scared that legislators can kill your crypto it doesn't sound very unstoppable and permissionless to me. You sound like early critics of Bitcoin.