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Joined 9 months ago
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Cake day: January 8th, 2024

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  • We really don’t have to advocate or evangelize for it much considering the fact that it’s completely used on the dark net for drug purchases. Love them or hate them. Criminals are the first ones to adapt. New better technology. And then everybody else follows on after that. That video is a lot of guesswork and most of it is completely solvable either today or in the very near future. The idea that they can trace Monero depends on compromised nodes which is fixed by running your own node or using somebody you trust as a node provider trading with a centralized exchange which is easily solved by not trading with a centralized exchange, and ring signature weaknesses that are well-known and in the process of being fixed.





  • Oh, I know Monero uses proof of work and therefore uses power. However, my thought is that Monero can replace the banks and so you’ve got to consider how much power it takes to run bank buildings and bank employees cars and armored trucks etc. Also, since Monero is mined with CPUs instead of application-specific integrated circuits, you don’t get a bunch of miners in one place. They are much more distributed throughout the entire power grid. So like we don’t have giant mining farms located in Texas that is causing noise pollution to the nearby towns and stuff like that. We also don’t have big mining companies causing drama in the news.

    Edit: Proof of work is truly required because it literally backs the value of your currency with energy. And proof of stake has no physical backing.