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Replying to b98e16ed...

If miners ever collude to censor a transaction, the fee market create a strong incentive to break the collusion. Meanwhile the federation has no incentive, they hold the real bitcoins, the rug is done.

Not to mention mining monero is permissionless, so you can "fight back", joining the liquid federation is not.

Liberty Farmer 1y ago

Possibly, however you are missing the huge problem in that nobody is mining and watching monero.

The market doesn't give a shit. the price keeps dropping to 0 against bitcoin and in USD for that matter.

There are no major market incentives. the hash has increased by 2x in 6 years. literally nobody cares about it. The markets have determined this.

Think about it. as CPU have gotten cheaper and WAY more than 2x more powerful in the past 5-6 yesrs, the hash hasn't even kept up with this leap in power and efficiency. not a good sign for the future and next decade

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Discussion

Hanshan 1y ago

You don't know what you're talking about and should be embarrassed.

for starters, 6 years ago monero was using a *different* hash algorithm and comparing it to the current hashrate is useless.

and if you had bothered to actually LOOK, you'd see the rate now is about 8x that number (not that its relevant).

The relevant number is when monero switched to randomx in Nov 2019 (less than 5 years ago). Since then the number has more than doubled.

Also,the buying power of monero has been extremely stable for 3-4 years. It is not particularly impressive that speculators and venture capital have pumped the BTC price more. Degens gonna degen.

Liberty Farmer 1y ago

Hmmm, Blow me?

In all seriousness, I am sorry you think keeping real money in monero is a good idea.

But let's be honest here, you don't have any real money, savings, or assets, do you? Just chilling in your incel life acting like you need completely private tx for your opioids.

XMR has literally been trending to zero against bitcoin. This isn't up for debate.

Keeping stable with the USD means you have lost value in the real world. It isn't even doing that. Each 'bull run' gets a smaller and smaller peak since it's first main push into the markets.