https://sethforprivacy.com/posts/dispelling-monero-fud/#you-cant-audit-the-monero-supply
Discussion
Do you own any bitcoin why or why not? And in what proportion to XMR?
I started off a Bitcoin maxi and very slowly Monero arguments were undeniable (trade-offs, neither is perfect, depends on goals). Monero captures the original spirit of p2p digital cash imo.
Right now it is about half and half. I own Bitcoin because longterm it has proven itself to be the most stable store of value (so far). It is the most liquid crypto, and most secure in terms of raw energy behind mining. Not as decentralized as Monero mining though.
I'm tempted everyday to go all in on Monero. Everyday I consider why I still own Bitcoin maybe it is just my old maxi soft spot. If it wasn't for Samourai and Whirlpool, I'm not sure I would be in Bitcoin at all. Love those guys and that community.
I do agree that we need more bitcoiners working on privacy, I ask like the Samourai and Whirlpool community.
Also*
I would have zapped you for that response 😂 ⚡️
I see your point about cpu mining, but what about the likelihood of future centralized nodes?
I think a lot of miners are using p2pool these days. We did have the mining pool minexmr with a large share of the hash rate but I think they've shut down and even moved to recommending p2pool. Decentralization is something the monero community takes pretty seriously.
Likelihood depends on rate of growth. Atm I don't believe it will be a problem. Especially with future Seraphis modularity and efficiency upgrades. I'm running a node right now 150ish GB.
Aeon (not a maxi of either, user of both) would be a great person to give you a better high quality answer to this type of question. I believe he is going to present at Monerotopia in May: https://twitter.com/aeonbtc
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But for now I leave you with this to chew over:
https://sethforprivacy.com/posts/dispelling-monero-fud/#monero-cant-scale
https://sethforprivacy.com/posts/comparing-private-spends/#results