3 ms·

It's coming, but not using Bitcoin.

• matheusmoreira 6y ago
  Monero seems to be the best coin right now. Privacy built in, low fees and relatively stable value. Pretty amazing.
  • anonisko 6y ago
    Node centralization is a lot less concerning for monero because the privacy by default nature of it makes it very difficult if not impossible to censor transactions. Even if stupid large blocksizes results in only a handful of datacenter sized nodes running the network, there's not much they could do to try to denylist particular coins. However, node centralization does still carry the concerns about powerful actors being able to arbitrarily change the supply issuance and debase holders without explicit taxation or seizure.
  • arcticbull 6y ago
    As with all crypto projects fees are low and it’s fast because nobody uses it. It’s inefficiency kneecaps it at any volume.
    • RiceAndWaters 6y ago
      Monero has about 6% the amount of transactions per day as bitcoin, but its fees are less than 0.5% that of bitcoin. This is thanks to the Bulletproofs update introduced in 2018. https://bitinfocharts.com/comparison/transactionfees-btc-xmr.html https://bitinfocharts.com/comparison/transactionfees-btc-xmr... https://bitinfocharts.com/comparison/transactions-btc-xmr.html https://bitinfocharts.com/comparison/transactions-btc-xmr.ht... https://bitcoinmagazine.com/culture/monero-transaction-fees-reduced-97-after-bulletproofs-upgrade https://bitcoinmagazine.com/culture/monero-transaction-fees-...