Nostr Web Client

Replying to

Hanshan

Everything is tradeoffs.

The main downside of Monero is

the hash rate is low enough and mining hardware is available enough

that a dedicated adversary could mine empty blocks for considerable time

but otherwise yes

monero is superior as a monetary instrument.

SLCW 1y ago

Do you think we'll see mass adoption of Monero similar to Bitcoin? Because in order for a transaction instrument to be truly useful, it has be widely accepted. I feel like it's still a niche coin.

Reply to this note

Please Login to reply.

Discussion

Hanshan 1y ago

If adoption is the most important metric then stick with USD. Monero is essentially where Bitcoin was 7-8 years ago.

There wont be any sort of mass adoption of monero until theres a crisis. Runaway inflation or a 6102 type event.

Which is why people dont think they need monero until they do.

SLCW 1y ago

Sadly, I fear one of those crisises is on the horizon.

Hanshan 1y ago

Well in the short term anyway,

Bitcoin number go up.

but its well on its way to being a regulatory captured part of the investment landscape.

on a longer timeline monero is where people should be IMO

Aion 1y ago

BTC can be useful as a store of value, but monero is best for transactions.