Still no fan of Monero and I probably never will be, but this guy’s got a few solid points here:

- we’re asleep at the wheel and can’t even properly notice obvious attacks on Bitcoin (the fact that only 20% of the network switched to Knots in what’s probably the most blatant attack on Bitcoin to this day [Core v30] is proof);

- the pump of Zcash was sus af, then followed by an immediate blacklisting of Zcash coins without verified origin on exchanges

- look at the Monero chart for the past 5 years - it’s the most healthy looking one of the whole “crypto market” by a mile

- the only thing that sustainably outperformed Bitcoin in 2025 was Monero

I don’t have to like all that to admit seeing some sort of pattern.

nostr:nevent1qqsqf6ttvcmy6sqavcwu0vuzk7cwvcrxc82zlxvq7zzywz6x7mm53cgpz3mhxue69uhkummnw3ezummcw3ezuer9wc057p9z

Reply to this note

Please Login to reply.

Discussion

Why dont you like monero?

Because I think anonymity on the base layer is a non-starter for a global money and Bitcoin’s pseudonymity makes much more sense for global adoption. This among other things.

From my understanding :

- the crypto used for extra privacy makes it harder to audit the total supply of coins,

- the coin emission schedule (inflation),

- frequent hard forks, which increases the dependency on the main devs (although that fear for monero feels a little overblown comparatively since bitcoin core v30),

- limited options for second layers, which presents a problem for future scaling in case of massive adoption, and

- the choice of preventing ASICs which limits the total hashing power of the network, making reorgs more likely.

Those are the main concerns that come to mind right now.

> the crypto used for extra privacy makes it harder to audit the total supply of coins

However, historically, Bitcoin had an inflationary bug, while Monero does not. Therefore, this argument is not particularly compelling.

> the coin emission schedule (inflation)

I understand that you and I won't live to see 2147, but this is a time bomb in Bitcoin at the moment.

> limited options for second layers, which presents a problem for future scaling in case of massive adoption

The Lightning Network was a crooked crutch in 2017, and it remains so to this day, as even the biggest hypocrites in the Bitcoin community have acknowledged. Well, I don't see any "mass adoption" as a currency.

> the choice of preventing ASICs which limits the total hashing power of the network, making reorgs more likely.

This problem will be solved in the near future.

> However, historically, Bitcoin had an inflationary bug, while Monero does not. Therefore, this argument is not particularly compelling.

An inflationary bug in bitcoin can be spotted. In Monero, it could go unnoticed.

> The Lightning Network was a crooked crutch in 2017, and it remains so to this day, as even the biggest hypocrites in the Bitcoin community have acknowledged. Well, I don't see any "mass adoption" as a currency.

I must confess that I'm not really fond of the lightning network. It has failed many times for me. Many "unroutable" payments. And to get the best experience possible, you basically need either a custodian or a very well connected node, which basically means the NSA nodes in Virginia.

I prefer to use Liquid, which is basically a half-custodian. I'm not very happy about it. But it works well, without fail (until it doesn't).

> This problem will be solved in the near future.

What direction is monero planning to go on the ASIC issue? Could you tell me more about that?

> An inflationary bug in bitcoin can be spotted. In Monero, it could go unnoticed.

Regardless, the clumsy hands of Bitcoin Core developers led to an inflationary bug in Bitcoin. :)

All coinbase coins in Monero are mined publicly, which means it is very easy to check the supply.

> What direction is monero planning to go on the ASIC issue?

Definitely not in favor of ASICs. Let the big corporate boyz mine Bitcoin. The Monero community doesn't want them in the network.

Several options are currently being considered. All are in the research stage.

To clarify, I don’t think any of those are serious issues with Monero. The short answer is that due to Monero’s preferred tradeoffs, it can’t really hope to become money for the world.

nostr:nevent1qqsyq9xsz5aeged5p0zzt9veucrzm4v097ghasxkcawq29q7mnrcufqpz3mhxue69uhkummnw3ezummcw3ezuer9wcp8rcgx

Global money?...

Are you seriously thinking that Bitcoin will become global money?

I don't care about "global money" status.

Today, I already buy more goods and services with XMR than with BTC:

1) xmrbazaar.com

2) monerica.com

For me, it's already "global money."

Ok Monero bro, good luck with your “global money”.

And good luck to you.

Monero had a serious reorg problem just a few months ago. Haven't heard much about it anymore so it might have finished but this was a test for any serious actor who wants to destroy it. Any major country could destroy it by running more CPU miners than the network, reorg and block TX.

There was little to no exit when this was happening and so it wasn't reflected in the price.

Bitcoin is facing the same reorg danger since mining is so massively centralised. Also I don’t think the biggest issue with Monero is technical in nature.

There's a big difference between CPU and ASIC mining.

Sure, and it has nothing to do with the fact that Antpool and Foundry are fully capable of doing reorgs by themselves with relatively good success rate. They don’t really need 51% of the hash to mess with the chain.

Foundry and Antpool don't run all their mining farms pointing hash at them. They could do it once and it would be suicide for the business because everyone would leave.

Don't glorify Monero for CPU mining. It was a bad idea and they'll have to hardfork their way out (again).

I’m not glorifying Monero at all, especially CPU mining. What gave you this impression?

The idea that miners will not do bad things because some plebs might switch pools and their business will suffer must be murdered and put to rest forever, otherwise we as a network of peers wouldn’t last very long. Pools have been doing very nasty stuff for years, very evidently and openly since 2023 and the only part that switched was a tiny minority that adopted Datum with Ocean.

The security model rests on them being economically rational. Those pools can include or exclude whatever transactions they want as long as that holds true. Only the minority of ideological miners are going to care and switch.

This effects both but especially Bitcoin because 1) it has no privacy so pools have the ability to distinguish transactions, 2) it's more ideologically diluted than Monero because it's more popular, and 3) Bitcoin has no decentralized mining pools like p2pool atm