I actually kinda like monero, but there are a few possible problems people have with it.
1. Tail emission. This is probably the biggest problem maxis have with monero, I think it's overblown, it's a constant tail emission, not percentage based.
2. Verification of the actual number of coins in existence. One can't see the balance of accounts, so one can't verify this. Again, I don't consider this a huge problem, as this is also true of gold. However, maybe there was a pre-mine we don't know about.
3. Tribalism, fear, etc. They're heavily invested in Bitcoin and don't want any competition. I think there is space for a few different coins, Bitcoin probably always being the biggest, but Bitcoin and Monero are complementary until Bitcoin has a very fast, cheap, high tps and private layer 2.
ihaphleas
npub1ty…vpx4u
2024-04-15 12:18:24
in reply to nevent1q…qvaj
Author Public Key
npub1ty8pwacr4thgz5e5n7t52l5p4fe5cm8707nqnvrmlxfexqs09m3spvpx4uPublished at
2024-04-15 12:18:24Event JSON
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"content": "I actually kinda like monero, but there are a few possible problems people have with it.\n\n1. Tail emission. This is probably the biggest problem maxis have with monero, I think it's overblown, it's a constant tail emission, not percentage based.\n\n2. Verification of the actual number of coins in existence. One can't see the balance of accounts, so one can't verify this. Again, I don't consider this a huge problem, as this is also true of gold. However, maybe there was a pre-mine we don't know about. \n\n3. Tribalism, fear, etc. They're heavily invested in Bitcoin and don't want any competition. I think there is space for a few different coins, Bitcoin probably always being the biggest, but Bitcoin and Monero are complementary until Bitcoin has a very fast, cheap, high tps and private layer 2.",
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}