I see a lot of talk about Monero here lately so today I wanted to try an exchange with a friend.
It was a good experience, no friction, but nothing you can't do with Liquid in less time and I would say with the same level of confidentiality and privacy.
Tell me about your experience with Monero.
Monero doesn't require the federations permission to peg out.
Sure it does. It requires the miners permission. No different.
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.
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
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.
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.
The XMR/USD chart is clearly trending upward. Its gaining value fine.
Personally bought in below $60 so pretty happy. Sure my BTC stack is up a more than 300% right now
but not so much more that I'm upset.
After all,
not greedy.
And the XMR/BTC chart is clearly holding fine.
That it used to be higher,
when a bunch of degens gambled on shitcoins in 2017,
means exactly fuckall.
This is a FIAT chart that mostly measures relative USD speculation.
I have been in both these coins for a long fucking time at this point
and I use monero over BTC because its better fucking money.
cope.
Clearly fine on its trend towards zero. Correct.
😂😂😂
Wow.
Peace out chief.
The has has dropped for 2 years. Pathetic.
highly regarded take
for one, the pegout is only required to swap back into BTC
and there isn't any of that necessity with monero
also
"a federation of 10-12 people is JUST like a worldwide distributed mining network" is extremely stupid
no idea why you are talking about pegouts. we are talking about censoring and a group of people that can do so.
I didn't say it was the same exact thing. I said there are people who can stop a tx in monero. There is always a chokepoint and tradeoffs made. Bitcoin has it, monero has it, fedi has them, and blockstream products have them of course.
To act like they don't is just silly.
the monero hash has been centralized and decreasing for a few years. Unfortunately, the value just isn't there for people to want to mine. bitcoin mining is hard enough, Monero mining isn't popular, know, or talked about at all.
Good point, I agree.
However, so far I have never heard of permits being denied.
This guy just learned about Monero yesterday and is here to tell you everything wrong with it
I'm not much interested in crypto, or money in general (compared to the norm on Nostr at least), but it's interesting to see that Monero is one of the few cryptocurrencies, besides Bitcoin, which doesn't get one accused of heresy on Nostr (the other one being, possibly, Namecoin).
If you didn't know....
Liquid doesn't hide sender and receiver,
doesn't hide ip address transaction origin from other nodes,
and also has virtually zero anonymity set
Liquid offers nowhere close to the same privacy that Monero offers
