4 ms·
> No charismatic leader boiling the frog with scope creep. LOL > It's actually private. It's actually anonymous. This is all a lot of us ever wanted from a cr
by ur-whale 3y ago
> No charismatic leader boiling the frog with scope creep.
LOL
> It's actually private. It's actually anonymous. This is all a lot of us ever wanted from a cryptocurrency.
Yes indeed. I sometimes daydream Satoshi knew about ZKP's early enough to integrate it into Bitcoin ... we would have had the perfect storm.
> No $20 transaction fees.
This one isn't a structural guarantee of Monero, but rather a side-effects of being a late-comer to the game. In other words, it might come to pass that tx fees get in the $20 range.
EDIT:
> This is all a lot of us ever wanted from a cryptocurrency.
Agreed, except maybe for this: I've come to value the finite supply of Bitcoin more than it's value/usefulness as an actual currency.
I initially loved the idea of cryptocurrencies as a currency that would be used in everyday life.
I've changed my stance on this completely: I think that Bitcoin (or something like Monero, with indeed a neat advantage over BTC) is way more valuable as a financial instrument with is own unique characteristics and super-sharp edges than it would ever be as a currency
- tromp 3y ago> I've come to value the finite supply of Bitcoin more than it's value/usefulness as an actual currency. I think finite supply is overrated [1] ... [1] https://john-tromp.medium.com/a-case-for-using-soft-total-supply-1169a188d153 https://john-tromp.medium.com/a-case-for-using-soft-total-su...
- m348e912 3y ago>Yes indeed. I sometimes daydream Satoshi knew about ZKP's early enough to integrate it into Bitcoin ... we would have had the perfect storm. Can't read SN's mind but I don't know if transactional privacy was a priority for him when developing bitcoin. One of the downsides of Monero's anonymity was that it quickly became a target of censorship so large exchanges like coinbase don't offer it anymore. Before transaction fees increased, Bitcoin had a capability of enjoying a pretty good mixing feature that is now only practical with similar but lower fee proof of work cryptos.