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Trump Bitcoin Conference fundraiser tickets top out at $844,600 for Nashville soiree
(cbnumy.blogspot.com)
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this post was submitted on 20 Jul 2024
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May I introduce you to the Monero community, where it seems like you would very seriously belong.
no knock on monero but, like every chain out there, it has ts own problems. I wish it were the perfect panacea, but right now, nothing is.
Fair enough, I am curious. What do you see as its problems? I may or may not be able to help.
hey there.
those are the ones off the top of my head. would love to have any mistakes.corrected.
edit: hit send too early :-/
Edit: To add to point 3, either an inflation bug has not been found, or if one has been found, the person has done a very fantastic job of going against human nature and not selling a ton of Monero that do not exist for profit.
algo - agree on the importance of general-ish purpose silicon to do the hashing, but CPU algos are still vunerable to massive parallel, (potentially) free, undetected hash. as much as 51% attacks seem to draw a collective "meh" from the crowds, I bothers me.
heavy chain - not sure about the final tx product being roughly as dense as a similar bitcoin tx. regardless, for the economic activity on the monero chain and, please correct me... an an increase of transaction frequency of average sized transactions would cause, at least, a linear increase in chain storage, correct? if so, I think my node centralization issue still applies.
inflation - its a real issue. the ability to audit the chain is pretty important to build trust. thats one of the reasons bitcoin has resisted private transactions, sending those to other layers. good, bad? who knows, but I get nervous around chains who's very base layer is singularly opaque to an inflation bug and many others will outright reject it. not sure how devs fix this, considering monero's (vital) core mission.
monero is a fantastic bit of dev implementation and community interaction and one of the most important chains out there, I am just suggesting that its own (unavoidable?) issues could come back and bite... hard.
edit: clarification and typo.
You bring up some good points that I am unable to refute because I do not have the knowledge to do so, and I might or might not be somewhat high, LOL. Please, I beg you, take your previous reply and paste it into the !monero@monero.town Community where very knowledgeable people could help answer your questions because they are very good questions and you deserve a better answer than I can give.
therefore I hope you do or do not have a super relaxing and restorative day.
will put something together and post. thank you for the invitation :-)