Replies (29)

Si pero como compró un piso o un coche? El estado nos tiene jodidos amigo... Para cualquier cosa grande tiene que ser con transferencia bancaria... Aunque pienso igual que tu, deberíamos aceptar BTC lo máximo posible. Pero es algo complicado para noobs usarlo con privacidad... Cada día barajo mas la opción de usar monero. Lo único que me preocupa es su bajo hashrate.
I can't in good faith spend Bitcoin as I often get "tainted" coins by doing p2p trades on Retoswap. I also hesitate to accept Bitcoin as I become a link I'm the almost certainly KYC'd chain of transactions. What say you to this predicament?
https://redlib.nadeko.net/r/Monero/comments/qm2hax/comparing_bitcoin_network_to_monero_network/ This is some rough math from years ago, I read a more recent article but can't find it at the moment. Point is relative to Bitcoin, monero actually has a proportionally higher effective hashrate. That does effective hashrate mean? Well they can't be compared one to one directly since Bitcoin is ASIC mined and Monero RandomX. For equal cost, Bitcoin mining will produce a hugely greater number of hashes than Monero by design. Moneros mining is designed to be most efficient in CPUs with no ability to create specialized ASICs. According to that users calculations, Monero's effective hashrate was about 4% of Bitcoins at the time. You'd have to calculate these numbers today relative to the market cap difference but at the time of the post Nov 3 2021 Monero market cap was $4.9 Billion and Bitcoin at 1.2T placing Monero market cap at 4.08% (Data from coinlore.com). I encourage someone to recalculate this today I'm curious if the security budget is still 1-1 with Bitcoin relative to market cap as it was Nov 3 2021 but suffice to say Monero is not massively more insecure compared to Bitcoin. It is proportionally secure.
Feds will put you in jail for years for stepping out of line. Look at Samurai wallet's devs and the tragedy of their incarceration. I can be confident in Monero's protection due to darknet market adoption, but when my family is at stake, Bitcoin is dangerous. I have something to lose, Darth. Everybody who has opened their mind to even considering using Monero has something to lose.
It's nice to have big balls. It's nice to be not a scared coward. But you are describing the 1% alphas in every society not the 99% herd followers. I don't think it is smart to sacrifice 99% of the people because you think they are dumb. Yes they may be dumb for not doing everything they could to protect their sovereignty, but as a good leader you protect your friends, family and community (after protecting yourself) and not letting them run into their inevitable demise or expose your strongest allies to weak defense.. That's why real Bitcoin OGs are into Monero.
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It pays off to be early. Not everybody is well equipped to be early. I've been exploring alternative monies long before Bitcoin arrived. Me telling you that you can be early in Monero again is meeting some resistance in you and others that I don't understand. I (beyond) others have been the one telling you to invest in Bitcoin in 2010-2015. Which ironically lead to even my mother being more of a hardcore Bitcoiner than 95% of self-declared BTC maxis here. With that atituded you would never have invested in BTC as early as I did, even back then being fully aware that if this is catching on it easily will reach $10k which it did. But is meaningless today as fiat is collapsing. Now I tell you Bitcoin is a good store of value. States will adopt it. It will stengthen the state once fully adopted and once KYC makes taxation by surveillance and force so much more easy for the state or AI government. By then Bitcoin is as good as fiat to provide for your family. Fiat cash still works in societies like Argentina or Zimbabwe, because people adopted a secondary store of value (USD). The same you can apply for yourself with BTC and cash. Cash gives you superior privacy and as you convert on the spot you don't really use purchasing power. See, I wished Bitcoin could have been the one fits all solution. It simply is not. There's YIn and Yang for a reason. There is solar (Bitcoin) and lunar punk (Monero). Look into it if you really care for your family. Bitcoin is partially flawed as it does not protect the privacy of the individual. Without privacy no freedom and without freedom no free markets and without free markets no meaningful economic activity. Without that we all will be worse off. Maybe not people like me who thanks to Bitcoin reached escape velocity early on and are now free radicals that the state rightfully perceives as their strongest enemies. If you'd be in my position you'd understand why me and my family are extreme targets in this shift of the power structure and I can not afford to use weaker privacy protection because BTC might outperform Monero for a couple percentage points, which I anyways don't believe it will. I see a short to midterm term potenial for BItcoin to x10 while I see x100 to x1000 in Monero. I hold my Bitcoin dear. And I hold my Monero dearer (and spend them as well). P.S. privacy cycle just got started with Zcash pump. Read some Monero longer term charts. Don't say you haven't been warned. It's not my vault you didn't look into Bitcoin in 2010. I told everybody I knew about it.
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a Bitcoinlet can never engage in rational discussions, they cannot since they've already put all of their savings in bitcoin and any project that can possibly be better must be destroyed. do they block any Grin users? no, because grin is not a danger to their savings, but they do block any monero user that makes them question their decisions. They're lucky that monero bros trully have good hearts and want no harm to no one, otherwise they wouldn't be welcomed to any monero corner. I see this as a 'last days' of a project indicator, where there's a needed religious behavior because if not the project will simply die, it's like when you need something to work and anything else presented to you, you see it as a distraction, and you reject everything else in order to continue in your religion, infact some of them start to work on destroying other projects so that theirs can "work", this approach to life is why bitgold is dead. a true bitcoiner never freezes, always improving and always seeking new ideas. this guys will get ass-raped by the feds for one opsec mistake, and they deserve it.
Seems like a cop out and you are the scared coward You are a bitcoin OG that cares so much about sovereignty that bitcoin provided for you but now reject the project because for some reason you think it has “failed”. now you spend all your time trying to get us to buy your niche privacy token instead of saving in bitcoin Just really weak
Huh? I think you may have the monero guy I am criticizing muted and are missing the context for my post. Monero is a niche privacy token that will never be globally adopted but these monero bros constantly whine about bitcoin to promote their shitcoin that nobody wants and then call us toxic maxis
He said he does that but also saves in Monero considering how undervalued it is and thus has a larger potential* to gain greater value. Monero is also safer to save in since saving in Bitcoin is only as anonymous as your node connection hygiene and swap swap metadata.
Some more whining about bitcoin’s lack of privacy I am probably naive and stupid but I really do not give a shit about privacy and what the state says I am able to do. I do not ask for permission to spend my sats. I do my best to comply with their bullshit and take my chances. The more people that act this way the less power the state has to enforce their Orwellian regulations You monero bros claim to be cypherpunks but are so worried about the state…
Why? Because I don’t ask for permission from the state and don’t use some shady privacy coin? I’m just a normal guy that is raising my family. Government already steals plenty of money from me every paycheck I consider myself fortunate to live in Miami surrounded by lots of immigrants from South America and Cuba that escaped communism and are not going to let it happen to them again
Privacy bolsters your ability to not ask permission from a more powerful force. It's an asymmetric advantage. If they know who you are and what you're doing they can use force to stop you. It's not about being "scared". Fearlessness plays no role in whether you can be stopped or not. It's not that difficult to understand. Cypherpunks central focus was on privacy. It's ignorace or mental gymnastics to downplay that.