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Why Monero

benkaiser.dev

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Re: Why Monero

#281

Post by notanzaiiswear »

sealaska wrote: post #103
scoofy wrote: post #50

When 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…

Well, paper money is also used for crime. In fact, illegal uses of paper currency are so common, U.S. authorities commonly seize cash from civilians deemed to be carrying too much of it! In light of this - I think it's rational to remove paper currency from circulation and to move to a digital system where every transaction is tracked to a real person. This could be as simple as using existing banking structures, or…

Governments all over the world are trying to get rid of paper money.

EU (or Germany, sorry I forgot) just passed laws that production of all goods should be traceable from beginning to end.

They are working on it. Nobody shall be able to opt out of the system.

Re: Why Monero

#282

Post by throwaway77770 »

R0b0t1 wrote: post #181
sdze wrote: post #178

GNU Taler is (for Europeans at least) the most promising system, because it is controllable (at least on the merchant side). The users themself are anonymous, just like when using cash! That is a good system because it enables governments to still being able to tax businesses and control illegal activities. Such system will also gain more acceptance among the common folks. https://taler.net/en/index.html

The most promising? What do you mean? BTC and XMR already work and don't have the downsides of Taler. Usability could be improved for those, yes. Outside transparency is not a benefit. Most people I've talked to about crypto don't see the opacity as a detriment. They do not trust the government or tax policy. Most of these people are also generally happy to pay their taxes but can see reasons when they would want to…

> Outside transparency is not a benefit. Most people I've talked to about crypto don't see the opacity as a detriment. They do not trust the government or tax policy.

I think his point is: Bitcoin explicitly takes a libertarian position to taxation by making it hard to tax. While most crypto adopters may be libertarian, the majority of people are not and so the libertarian position will deter adoption.

Re: Why Monero

#284

Post by just_a_guy_tm »

pcthrowaway wrote: post #279
Expez wrote: post #230

Earlier quoted context omitted.

The block time is 2 minutes. You can choose to wait for 0 blocks or 100. The longer you wait the better the security of your transaction, because there's more PoW behind it. All crypto work like this. You also get more security behind your tx by waiting in a PoS system. If you're buying a coffee the vendor is likely to let you leave the shop after no confirmations (as soon as their node hears about the transaction) b…

> but if you're buying a car the same is unlikely to be true. I don't see why not, it's not like you can buy a car anonymously. If anything there's more security there than with the coffee, and no one is going to attack the Monero network to create a double spend for the price of a car.

>I don't see why not, it's not like you can buy a car anonymously.

You can buy a car with cash. Monero is digital cash.

Re: Why Monero

#285

Post by boogerlad »

delaaxe wrote: post #18
stavros wrote: post #2

I'm not really happy promoting a cryptocurrency these days, given that most of them are get-rich-quick schemes, but Monero has been solid for the past 5-6 years that I've been using it. It's completely anonymous, sends quickly, has minimal fees, and it hasn't been as full of cultists as some of the other coins I've seen. I use it to pay for some things and it's always a pleasant experience. I recommend it. The only d…

I really want to like Monero but I've had one of the worst crypto experience using the official desktop client. The app crashes randomly, hangs, and worst of all, refuses to send transactions using a hardware wallet when running as a full node. The hardware wallet is only able to sign transactions when connected to a remote node, which is much worse privacy wise. Monero needs much more developers & funding to succeed…

Try featherwallet.org

Re: Why Monero

#286

Post by Expez »

pcthrowaway wrote: post #279
Expez wrote: post #230

Earlier quoted context omitted.

The block time is 2 minutes. You can choose to wait for 0 blocks or 100. The longer you wait the better the security of your transaction, because there's more PoW behind it. All crypto work like this. You also get more security behind your tx by waiting in a PoS system. If you're buying a coffee the vendor is likely to let you leave the shop after no confirmations (as soon as their node hears about the transaction) b…

> but if you're buying a car the same is unlikely to be true. I don't see why not, it's not like you can buy a car anonymously. If anything there's more security there than with the coffee, and no one is going to attack the Monero network to create a double spend for the price of a car.

This is a good point.

In practice people (e.g. exchanges, that know who you are after KYC) still opt to wait a little because if something does go wrong it's a hassle to actually get paid. For the same reason, we are likely to check some of the bills in a large cash payment for authenticity, even though we have effective recourse through the police and the judicial system.

Re: Why Monero

#287

Post by menmob »

notanzaiiswear wrote: post #283

For the dogecoin fans, there is also a similar project based on Monero called Wownero: https://wownero.org/ - that is, technology based on Monero, but more fun. Since I missed to dogecoin hype, I am now rooting for Wow.

This is why I hate the cryptocurrency “community”.

Re: Why Monero

#288

Post by melenaos »

I supported monero coin for buying my application, Chordastic.

Its almost 6 months and i havent made a singe sale in Monero, but it doesnt matter. Its about widening the purchase power of the coin.

Re: Why Monero

#289

Post by notanzaiiswear »

menmob wrote: post #287
notanzaiiswear wrote: post #283

For the dogecoin fans, there is also a similar project based on Monero called Wownero: https://wownero.org/ - that is, technology based on Monero, but more fun. Since I missed to dogecoin hype, I am now rooting for Wow.

This is why I hate the cryptocurrency “community”.

Why, what do you hate about it? Because they are having fun?

Re: Why Monero

#290

Post by boogerlad »

habosa wrote: post #223

Bitcoin is totally useless as a currency because it’s slow, has high transaction fees, and easy to trace. So it’s bad for both regular consumers and criminals alike. Monero is a solid improvement because it has low fees (so far) and is very hard to trace. So it’s popular for criminals or intense privacy types. It’s still far too slow and hard to use to ever be accepted in your local grocery store. It’s also hard to b…

The fees will remain low in terms of fiat value assuming that if the price goes up, activity goes up due to Monero's adaptive blocksize. See https://monero.stackexchange.com/questions/12729/when-monero...

Regarding the speed, many believe that instant / unconfirmed transactions are safe for day to day activities up to 10000USD. It's very difficult to double spend or inject numerous conflicting malicious transactions in hopes that the victim sees a legitimate transaction but a fraudulent transaction gets mined.

Regarding the ease of use, have you tried featherwallet.org or mymonero.com for mobile?

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