Nostr Web Client

Replying to

mike

OK, so Aeneas claim was false.

I don't know if Monero has the same core concept, "Don't Trust, Verify"

It's a very powerful philosophy.

So, to be clear, Monero IS NOT as widely adopted as Bitcoin, not even close, nor is it widely used.

Making such claims destroys valid arguments that Monero is a privacy coin.

I support the right for Monero to exist, if people value their privacy, I support their right to use it.

But don't make false claims because it destroys the truth and support you have from people like me.

Bass 11mo ago

I think some research should be done about this to validate. While we can count transactions on Monero Blockchain, we wouldn't be able to validate how many users are using lightning without running a high traffic node for example, so there is a lot of speculation. Regarding making payments, there are several companies who accept both options who have expressed significantly more traffic in xmr transactions than other options.

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mike 11mo ago

Also the number of micro transactions on NOSTR would obfuscate data collection.

Also, if I send Bitcoin to my bank and then spend dollars with it, is this a valid transaction?

Identifying asset transfers from merchant spending would be nearly impossible.

But we’re not talking number of transactions, we’re talking merchant adoption and this is partially verifiable with BTC thanks to nostr:npub1864jglrrhv6alguwql9pqtmd5296nww5dpcewapmmcazk8vq4mks0tt2tq but by definition, Monero doesn’t want to be identified, so merchant adoption and merchant transaction volume are always obfuscated on Monero.

Again, all that said, the size of Bitcoin in every metric compared with all other altcoins combined is greater and verifiable, so singling out one of the 3 million altcoins to compare with the 58% dominant Bitcoin will always be moot.

Bass 11mo ago

I would agree with that