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Maybe I did not state my orinignal question correctly. What are the pros of Monero, and what are the cons? https://en.wiktionary.org/wiki/pros_and_cons https:

Maybe I did not state my orinignal question correctly. What are the pros of Monero, and what are the cons? https://en.wiktionary.org/wiki/pros_and_cons https://en.wiktionary.org/wiki/pros_and_cons

Cider9986 6mo ago
Really up to you personally what is a pro and a con. For me this is a starting list. A lot of these are a result of the technical differences as well as I listed the technical differences. Pros: 1% inflation no fixed supply (makes it more of a currency than an asset) privacy by default, fungibility—every coin is the exact same, no coin history prevents financial surveillance by corporations, protects against government abuses, useful tool for activists, journalists, minorities, useful for domestic abuse survivors, useful for businesses sending money across borders, protects against stalkers, protects against advertisers profiling you, reduces identity theft, prevents databreaches of personal info, pushes forward cryptography, allows people to purchase drugs (you decide if this is good or bad), prevents financial censorship, allows anonymous donations, low fees, more decentralized than bitcoin due to RandomX CPU mining, prevents crypto robbery, allows you to buy your adult content without anyone knowing. large developer community iirc 3rd after bitcoin, eth less volatile than other cryptos usually most used crypto for payments when accepted at merchants Cons: 20 minutes to use funds again hard to aquire number go up slower hard to convert back to fiat hard to convert to fiat used by "criminals" lots of nazis like it used for unethical purposes
- littlecranky67 6mo ago
  All of the pros - minus the inflation - also exist for Bitcoin-over-Lightning. Non of the cons exist for Lightning. Especially no waiting time. In lightning you can spend your received bitcoin after a split-second - no waiting whatsoever.
  - KaiserPro 6mo ago
    > no waiting time apart from waiting for the confirmation, otherwise you're in double spend territory.
    - littlecranky67 6mo ago
      what you says applies to bitcoin onchain, but not lightning. Lightning settles instantly.
  - Cider9986 6mo ago
    I had a terrible experience trying out Lightning. Could you tell me where I went wrong? I hit high fees converting to Lightning, and I hit high fees sending Lightning transactions. The problem with Lightning or Zcash is that it is not private by default. A private currency has to be private by default, with the option to share info on the transaction—that's Monero. Lightning is centralized, Chainalysis supports Lighning tracing—it does not support Monero tracing. You could get the same advantages of Lightning on Bitcoin by making a layer-2 solution on Monero. Monero beats lightning at layer one.
    - littlecranky67 6mo ago
      Fees are not part of the technological stack, but the economics behind the providers you chose. Just as with the Internet, you can host your own webserver or datacenter at home and run your own AS in your bedroom. But most people chose to pay someone to do that. Right now regulation kills all sorts of crypto (Monero included) and drives up prices because it is mostly startups that provide services around that, and they are crushed by the paperwork.

Maybe I did not state my orinignal question correctly. What are the pros of Monero, and what are the cons? https://en.wiktionary.org/wiki/pros_and_cons https://en.wiktionary.org/wiki/pros_and_cons

Cider9986 6mo ago

Really up to you personally what is a pro and a con. For me this is a starting list. A lot of these are a result of the technical differences as well as I listed the technical differences. Pros: 1% inflation no fixed supply (makes it more of a currency than an asset) privacy by default, fungibility—every coin is the exact same, no coin history prevents financial surveillance by corporations, protects against government abuses, useful tool for activists, journalists, minorities, useful for domestic abuse survivors, useful for businesses sending money across borders, protects against stalkers, protects against advertisers profiling you, reduces identity theft, prevents databreaches of personal info, pushes forward cryptography, allows people to purchase drugs (you decide if this is good or bad), prevents financial censorship, allows anonymous donations, low fees, more decentralized than bitcoin due to RandomX CPU mining, prevents crypto robbery, allows you to buy your adult content without anyone knowing. large developer community iirc 3rd after bitcoin, eth less volatile than other cryptos usually most used crypto for payments when accepted at merchants Cons: 20 minutes to use funds again hard to aquire number go up slower hard to convert back to fiat hard to convert to fiat used by "criminals" lots of nazis like it used for unethical purposes

littlecranky67 6mo ago
All of the pros - minus the inflation - also exist for Bitcoin-over-Lightning. Non of the cons exist for Lightning. Especially no waiting time. In lightning you can spend your received bitcoin after a split-second - no waiting whatsoever.
- KaiserPro 6mo ago
  > no waiting time apart from waiting for the confirmation, otherwise you're in double spend territory.
  - littlecranky67 6mo ago
    what you says applies to bitcoin onchain, but not lightning. Lightning settles instantly.
- Cider9986 6mo ago
  I had a terrible experience trying out Lightning. Could you tell me where I went wrong? I hit high fees converting to Lightning, and I hit high fees sending Lightning transactions. The problem with Lightning or Zcash is that it is not private by default. A private currency has to be private by default, with the option to share info on the transaction—that's Monero. Lightning is centralized, Chainalysis supports Lighning tracing—it does not support Monero tracing. You could get the same advantages of Lightning on Bitcoin by making a layer-2 solution on Monero. Monero beats lightning at layer one.
  - littlecranky67 6mo ago
    Fees are not part of the technological stack, but the economics behind the providers you chose. Just as with the Internet, you can host your own webserver or datacenter at home and run your own AS in your bedroom. But most people chose to pay someone to do that. Right now regulation kills all sorts of crypto (Monero included) and drives up prices because it is mostly startups that provide services around that, and they are crushed by the paperwork.