3 ms·
> We don't need "crypto," we need _Bitcoin_. But Monero is objectively better than Bitcoin if you just want to pay for things.
by rosndo 5y ago
> We don't need "crypto," we need _Bitcoin_.
But Monero is objectively better than Bitcoin if you just want to pay for things.
- rglover 5y agoPerhaps, but it lacks the brand recognition. Playing the technology dick measuring contest will end up confusing people and lead them right into a trap (meaning, they end up distrusting the very thing that can save them). Bitcoin has all of the necessary pieces to get the immediate problem of government overreach and currency manipulation fixed.
- anonporridge 5y agoArguable, because monero's hash power is a negligible fraction of bitcoin's AND it's ASIC resitant, so mining on CPUs is still viable. This makes it much more vulnerable to nation state 51% attack since they can just temporarily redirect fleets of CPUs (maybe even deputize AWS, Azure, GCP, etc) to attack the network. This kind of rapid response attack isn't feasible on bitcoin because SHA256 ASIC miners are incredibly hard to come by and the electricity required to pull it off would be enormously expensive.