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Monero (getmonero.org) has many of the properties of cash on the internet. Definitely more so than Bitcoin. It's surprising how few cryptocurrencies take privac

Monero (getmonero.org) has many of the properties of cash on the internet. Definitely more so than Bitcoin. It's surprising how few cryptocurrencies take privacy by default seriously.

deleted 7y ago
[deleted]
radicalriddler 7y ago
I strongly doubt Monero is the solution to the issue OP is talking about. Can we not shill on HN? Go back to /r/cryptocurrency.
- droffel 7y ago
  It's perfectly on topic here. I would hardly call this shilling.
- en-us 7y ago
  > A simple, anonymous way to pay 10 cent or so. Pretty sure it solves that.
  - mNovak 7y ago
    I thought XMR had high transaction fees?
    - boring_twenties 7y ago
      Transaction fees have been a fraction of a penny since the Bulletproofs upgrade in October 2018. https://bitinfocharts.com/comparison/monero-transactionfees.html https://bitinfocharts.com/comparison/monero-transactionfees....
    - droffel 7y ago
      Only if you consider $0.002-$0.006 per transaction high. The protocol has been significantly streamlined over the years.
Aaronstotle 7y ago
Yeah, I'd love to see more websites accept tips in XMR (and see the Monero economy grow overall)
bloopernova 7y ago
I honestly don't know anything about Monero. How does it compare to Stellar, which was recently on HN due to the Keybase airdrop giveaway? (I hold a whole $40USD in Stellar, I do however think it's a good thing. But I think there's space on the net for more than a couple of cryptocurrencies so I'm curious about Monero)
- droffel 7y ago
  Monero is the largest privacy-focused cryptocurrency in existence right now, by pretty much every measurable metric. It's also the only (in the top 250 by market cap) cryptocurrency that enforces privacy at the protocol level, by default. You can read more about it at the website below. https://web.getmonero.org/resources/about/ https://web.getmonero.org/resources/about/
- noxer 7y ago
  Forget Monero it can't scale for micro payment. Currently it does like 1 Tx every few seconds. We can assume it could handle a few Tx per seconds. And with proper hardware upgrade it could probably handle some dozen Tx per second. Anyway all of that is far far away for usable if people want to do micro payments to websites they read. Stellar is way faster the XRPL even more so (1500Tx/s) but even then it can not be used to stream money. You dot want to go to a site and instantly donate 0.001cent you want to donate only if the content is good and the best way to measure that is by time. Hence Coil steams the money as long as you are on the site. That only works trough ILP not direly on ledger (on-chain). IPL can stream money from any kind of wallet. So it would work with Monero as well but its unlikely to gain traction as its key feature (anonymous) is rather useless in this case. and Tx are slow and expensive compared to XLM or XRP.
  - bloopernova 7y ago
    Thank you for the information. There's obviously a lot more I need to understand regarding crypto, but you helped :)

Monero (getmonero.org) has many of the properties of cash on the internet. Definitely more so than Bitcoin. It's surprising how few cryptocurrencies take privacy by default seriously.

deleted 7y ago

[deleted]

radicalriddler 7y ago

I strongly doubt Monero is the solution to the issue OP is talking about. Can we not shill on HN? Go back to /r/cryptocurrency.

droffel 7y ago
It's perfectly on topic here. I would hardly call this shilling.
en-us 7y ago
> A simple, anonymous way to pay 10 cent or so. Pretty sure it solves that.
- mNovak 7y ago
  I thought XMR had high transaction fees?
  - boring_twenties 7y ago
    Transaction fees have been a fraction of a penny since the Bulletproofs upgrade in October 2018. https://bitinfocharts.com/comparison/monero-transactionfees.html https://bitinfocharts.com/comparison/monero-transactionfees....
  - droffel 7y ago
    Only if you consider $0.002-$0.006 per transaction high. The protocol has been significantly streamlined over the years.

Aaronstotle 7y ago

Yeah, I'd love to see more websites accept tips in XMR (and see the Monero economy grow overall)

bloopernova 7y ago

I honestly don't know anything about Monero. How does it compare to Stellar, which was recently on HN due to the Keybase airdrop giveaway? (I hold a whole $40USD in Stellar, I do however think it's a good thing. But I think there's space on the net for more than a couple of cryptocurrencies so I'm curious about Monero)

droffel 7y ago
Monero is the largest privacy-focused cryptocurrency in existence right now, by pretty much every measurable metric. It's also the only (in the top 250 by market cap) cryptocurrency that enforces privacy at the protocol level, by default. You can read more about it at the website below. https://web.getmonero.org/resources/about/ https://web.getmonero.org/resources/about/
noxer 7y ago
Forget Monero it can't scale for micro payment. Currently it does like 1 Tx every few seconds. We can assume it could handle a few Tx per seconds. And with proper hardware upgrade it could probably handle some dozen Tx per second. Anyway all of that is far far away for usable if people want to do micro payments to websites they read. Stellar is way faster the XRPL even more so (1500Tx/s) but even then it can not be used to stream money. You dot want to go to a site and instantly donate 0.001cent you want to donate only if the content is good and the best way to measure that is by time. Hence Coil steams the money as long as you are on the site. That only works trough ILP not direly on ledger (on-chain). IPL can stream money from any kind of wallet. So it would work with Monero as well but its unlikely to gain traction as its key feature (anonymous) is rather useless in this case. and Tx are slow and expensive compared to XLM or XRP.
- bloopernova 7y ago
  Thank you for the information. There's obviously a lot more I need to understand regarding crypto, but you helped :)