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The Bitcoin Flaw: Monero Rising

cryptoizzy.blogspot.com

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Re: The Bitcoin Flaw: Monero Rising

#21

Post by Bootvis »

illustrioussuit wrote: post #13
jackmodern wrote: post #4

Earlier quoted context omitted.

store of value adds very little value to the rest of the world yet to adopt it. buying bitcoin/sending it is more expensive than a wire transfer. this isn't what bitcoin was meant to be. I no longer use bitcoin for anything other than HODLing, LTC has completely displaced it for as a means of exchange. That seems like the more important problem to solve for mass adoption. Can't have people paying for food/goods with…

Bitcoin Cash was a hard fork intended to solve the problem of fungibility. (Low fees, fast transactions, etc)

That’s not what’s meant by fungibility[1]:

In economics, fungibility is the property of a good or a commodity whose individual units are essentially interchangeable

[1]: https://en.m.wikipedia.org/wiki/Fungibility

Re: The Bitcoin Flaw: Monero Rising

#23

Post by mastermojo »

milesf wrote: post #8

What are the current crop of cryptocurrencies that are truly anonymous? The list I have so far is: Aeon, DASH, Komodo, Monero , NAV Coin, PIVX, Verge, Zcash, Zcoin, and ZenCash. Any others? Edit: Added Aeon

This article feels like a puff piece for Monero, as opposed to a true discussion on the merits of anonymous cryptocurrency, which would minimally mention a subset of what you have listed above.

Re: The Bitcoin Flaw: Monero Rising

#24

Post by illustrioussuit »

Bootvis wrote: post #21
illustrioussuit wrote: post #13

Earlier quoted context omitted.

Bitcoin Cash was a hard fork intended to solve the problem of fungibility. (Low fees, fast transactions, etc)

That’s not what’s meant by fungibility[1]: In economics, fungibility is the property of a good or a commodity whose individual units are essentially interchangeable [1]: https://en.m.wikipedia.org/wiki/Fungibility

My mistake. I thought fungibility=spendability.

Am I thinking about liquidity?

Re: The Bitcoin Flaw: Monero Rising

#26

Post by cryptodogemoon »

djtriptych wrote: post #11
madamelic wrote: post #3

Earlier quoted context omitted.

Bitcoin may not be dead but it is certainly being destroyed on its original purpose (being money). The only reason to hold Bitcoin is the naive hope that more suckers (not even a better word for them) pay you to hold something they think will go higher (again: suckers) There are networks that are faster / more secure than Bitcoin and therefore more valuable as usable money (which is what Bitcoin was supposed to be) B…

The size of the BTC network is a huge part of its value. It's already hard even for state actors to compromise the blockchain.

The hash power that left BTC for BCC momentarily around early November was conveniently 60%.

One can imagine the ability of China to mobilize capital infrastructure to dominate mining space, especially when they're manufacturing all the bitcoin ASIC hardware.

It seemed like there were grave concerns once ASIC hardware hit BTC, locking normal people out and introducing an attack vector disproportionately favoring existing capital to take over the network.

Re: The Bitcoin Flaw: Monero Rising

#29

Post by optimuspaul »

deweller wrote: post #7
madamelic wrote: post #3

Earlier quoted context omitted.

Bitcoin may not be dead but it is certainly being destroyed on its original purpose (being money). The only reason to hold Bitcoin is the naive hope that more suckers (not even a better word for them) pay you to hold something they think will go higher (again: suckers) There are networks that are faster / more secure than Bitcoin and therefore more valuable as usable money (which is what Bitcoin was supposed to be) B…

NOT being backed by any one country or central bank is Bitcoin's primary value proposition.

sure not being back by one is a value prop, but not being backed by any is a miss in my opinion. I think the decentralized is great, but it's so decentralized it's basically thin ice.

Re: The Bitcoin Flaw: Monero Rising

#30

Post by Bootvis »

illustrioussuit wrote: post #24
Bootvis wrote: post #21

Earlier quoted context omitted.

That’s not what’s meant by fungibility[1]: In economics, fungibility is the property of a good or a commodity whose individual units are essentially interchangeable [1]: https://en.m.wikipedia.org/wiki/Fungibility

My mistake. I thought fungibility=spendability. Am I thinking about liquidity?

No, liquidity is a measure of how easy and cheap an asset can be traded in the markets.
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