> Monero also opts for a shorter transaction time of 2 minutes, rather than 10 minutes for Bitcoin.
Why are people still pursuing this cringely inadequate technology
Why Monero
51–60 of 394 posts
Re: Why Monero
#52Earlier quoted context omitted.
I've played around trading other currencies but Monero is the one I hold dear for the end times. Plus it's fun to mine, you can do it on a CPU instead of needing a massive GPU swarm.
Is the algorithm poorly suited to GPUs or fpgas, or are we just not to that point yet? Proof of stake seems like a good thing.
Proof of stake isn’t a good thing actually. Especially in a private cryptocurrency. Monero will remain PoW for its censorship resistance. We can’t have stake oligopolies taking control.
Re: Why Monero
#53When you develop a value exchange that is perfectly designed for facilitating human kidnappings and subverting international sanctions, you should not be surprised when other humans decide they value institutions over this level of personal privacy. The narrative that this type of value exchange will protect people is as easily argued that it will put others at risk. We have institutions for a reason, and nobody livi…
I can't tell if you are talking about monero or paper currency.
Monero is light years easier for law enforcement to find kidnappers (exchanges, honeypots, network access) than cold hard cash.
Was there a plague of kidnappers when the world used 'absurdly dangerous means of value exchange' like paper currency and gold?
edit: my reply was before you edited to discuss physical currency. $1M in $100 bills is 22lbs. Hardly a deterrent.
Re: Why Monero
#54I'd be curious to hear from Monero fans why one might select it over Zcash? Zcash seems to have stronger security guarantees when shielded transactions are used.
There are two extremely cool projects with talented engineers who are pushing the boundaries of what’s possible. Anybody telling you otherwise is trying to sell you something.
Re: Why Monero
#55When you develop a value exchange that is perfectly designed for facilitating human kidnappings and subverting international sanctions, you should not be surprised when other humans decide they value institutions over this level of personal privacy. The narrative that this type of value exchange will protect people is as easily argued that it will put others at risk. We have institutions for a reason, and nobody livi…
I can't tell if you are talking about monero or paper currency. Monero is light years easier for law enforcement to find kidnappers (exchanges, honeypots, network access) than cold hard cash. Was there a plague of kidnappers when the world used 'absurdly dangerous means of value exchange' like paper currency and gold? edit: my reply was before you edited to discuss physical currency. $1M in $100 bills is 22lbs. Hardl…
The difference with cash is that the criminal (or an accomplice) has to physically pick it up, drastically increasing the risk of getting identified and/or caught. Even if they send an unwitting person, there will be a witness and evidence.
Re: Why Monero
#56When you develop a value exchange that is perfectly designed for facilitating human kidnappings and subverting international sanctions, you should not be surprised when other humans decide they value institutions over this level of personal privacy. The narrative that this type of value exchange will protect people is as easily argued that it will put others at risk. We have institutions for a reason, and nobody livi…
I can't tell if you are talking about monero or paper currency. Monero is light years easier for law enforcement to find kidnappers (exchanges, honeypots, network access) than cold hard cash. Was there a plague of kidnappers when the world used 'absurdly dangerous means of value exchange' like paper currency and gold? edit: my reply was before you edited to discuss physical currency. $1M in $100 bills is 22lbs. Hardl…
Just because you live in a place where kidnapping isn't common, doesn't mean that it is not is common across the globe.
https://lb-aps-frontend.statista.com/statistics/275545/kidna...
The idea that an email asking for a blockchain currency is somehow more difficult than a dead drop of physical currency is absurd. While there are some merits, this type of value exchange is a dangerous vehicle for facilitating human exploitation. We need to start talking about that fact more, instead of the fever dreams that those of us in the free world somehow live in some faux-totalitarian state, simply because you can't legally purchase MDMA or cocaine.
Re: Why Monero
#57How can anyone think this is a good thing? At least other crypto projects have a degree of transparency going for them.
I don't understand how people can possibly think that identity obfuscation at scale is a good thing for a financial system. The rule of law and democracy are far from perfect, but it is unquestionably the safest, cushiest time to be alive in human history right now for the average human being.
Let's make our financial system completely opaque and make it impossible to enforce laws. That'll really help us!
This is a blindness that can only come from a lifetime of extreme privilege.
Re: Why Monero
#58“Scalability” by constantly increasing the block size isn’t really scalability. If monero ever sees high network usage, expanding blocks will push node storage requirements so high that only a small number of nodes will continue to run, destroying decentralization.
Re: Why Monero
#59Earlier quoted context omitted.
I can't tell if you are talking about monero or paper currency. Monero is light years easier for law enforcement to find kidnappers (exchanges, honeypots, network access) than cold hard cash. Was there a plague of kidnappers when the world used 'absurdly dangerous means of value exchange' like paper currency and gold? edit: my reply was before you edited to discuss physical currency. $1M in $100 bills is 22lbs. Hardl…
Just because you live in a place where kidnapping isn't common, doesn't mean that it is not is common across the globe. https://lb-aps-frontend.statista.com/statistics/275545/kidna... The idea that an email asking for a blockchain currency is somehow more difficult than a dead drop of physical currency is absurd. While there are some merits, this type of value exchange is a dangerous vehicle for facilitating human ex…
you kind of proved my point. kidnappers already use cash, and changing that to different mechanism isn't going to increase or decrease the amount of crime. You haven't explained any reason why digital anonymous currency will increase crime or make it harder to catch them.
Evil people use neutral tools for evil purposes. They have been since the beginning of tools.
So stop trying to slow the advance of technology just because some evil people can use it too.
Re: Why Monero
#60When you develop a value exchange that is perfectly designed for facilitating human kidnappings and subverting international sanctions, you should not be surprised when other humans decide they value institutions over this level of personal privacy. The narrative that this type of value exchange will protect people is as easily argued that it will put others at risk. We have institutions for a reason, and nobody livi…
Those institutions that are supposed to protect us are systematically stealing from us without due process via civil forfeiture, and they're doing it on a scale that outweighs all burglaries nationwide.
You shouldn't be surprised when Americans value privacy over institutions. Our institutions are more criminal than our criminals.