Nostr Web Client

Replying to

Jose Sammut

From what I understand, it doesn't scale. Even if it could've scaled, it hasn't, so it doesn't matter.

If I don't understand it, but that's not a criticism on me, that's a criticism on Monero. Network effects.

It will never decentralize. It's insanely difficult to audit. The more it gets used, the harder it is to audit.

Monero is what it is. I don't mind it, but this is all it will ever be. This is all it was ever intended to be.

CPU mining lol. 🤦‍♂️

Saberhagen The Nameless 2y ago

So your argument is that you believe Monero is and will remain an irrelevant niche? Then why tf are you worried about the size growing too large???

Na, you don't understand because you put zero effort into learning any of these things, which is fine, but you still want to give your uninformed opinion. Thats on you not Monero.

You audit Monero exactly like you audit Bitcoin. You rely on your node to do it. No Bitcoiner verifies for themselves the hundreds of millions of transactions inside 800,000+ blocks. What about every ten minutes?No, they just run a node. Same implementation risk. So, what is the real world advantage or difference? It's verification larping

Reply to this note

Please Login to reply.

Discussion

Jose Sammut 2y ago

I'm not exposed, why would I be worried?

The post said there will be other monies alongside Bitcoin. A niche crypto token used for anonymous transfers is not monies alongside Bitcoin. It's a drop in the ocean.

I think Monero is cool to use but it's a bad investment. That was and remains my point. The network effects will never shift in its favour. It will never outperform, I doubt it will even grow at all.

It's not hard to audit because the Maths is hard. It's hard to audit because there's no transparent public ledger. I'm sure you could get round to understanding it eventually, I'm sure you'd detect a fault eventually, but eventually is not really good enough.

Saberhagen The Nameless 2y ago

Your argument is incoherent with what you're saying.

You can't simultaneously think Monero will always be a niche irrelevant crypto and also think it will grow too large and popular for people to run a node. It's one or the other.

I've never told anyone to invest in Monero or any promises of get rich quick schemes. You'll rarely see any Monero users saying save or invest in Monero. You're supposed to use it just like you're saying.

Ok, then tell me, how do YOU personally audit Bitcoin?

I bet all you do is rely on your node to do that for you.

You aren't even taking advantage of Bitcoin's transparent public ledger that you love so much. That's why I called it LARPing earlier. You do nothing different from a Monero user relying on their node to audit.

Jose Sammut 2y ago

I never said it will grow too large. I just said it wouldn't work if it did.

Jose Sammut 2y ago

Also... 21 million, Halving party mid April, see you at San Torini

Saberhagen The Nameless 2y ago

Ha! Doubt I'll be able to go

But place looks like a good time!