Comment on Trump Bitcoin Conference fundraiser tickets top out at $844,600 for Nashville soiree

• qprimed@lemmy.ml ⁨3⁩ ⁨months⁩ ago

  no knock on monero but, like every chain out there, it has ts own problems. I wish it were the perfect panacea, but right now, nothing is.

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  • shortwavesurfer@lemmy.zip ⁨3⁩ ⁨months⁩ ago

    Fair enough, I am curious. What do you see as its problems? I may or may not be able to help.

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    • qprimed@lemmy.ml ⁨3⁩ ⁨months⁩ ago

      • excellent algo - but not sure it properly weights botnets over CPU/GPU specialization.
      • heavy chain - monero utxos are some of the biggest out there and therefore probably bad for protection against node centralization (other chains are heavy, but compared to ecnomic activity, monero is lead)
      • lack of verifiable inflation rate - by its nature, monero make it almost impossible to do this.

      those are the ones off the top of my head. would love to have any mistakes.corrected.

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      • shortwavesurfer@lemmy.zip ⁨3⁩ ⁨months⁩ ago

        • the algo is CPU weighted and botnets actually help secure the network. (Though they may be ethically wrong)
        • yes the chain is heavy, however, to do mixing correctly means you use more txs and end up weighing just about the same
        • have you counted every bitcoin tx to verify they add up or do you rely on the software to do so? I would say most people rely on the software and the Monero software can count up the Monero that exist as well. So as long as there is no inflation bug in the software, we should be fine. And there’s no indication in the Monero price of such a bug.

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