Cyph3rp9nk on Nostr: Monero is good from a privacy point of view as long as you also take into account ...
Monero is good from a privacy point of view as long as you also take into account privacy at the network level, which means always using your node.
But the way Monero is set up it has serious problems.
- The dynamic block size makes it not decentralized, because if it has a massive adoption only big companies will be able to run the nodes.
- It has a hidden and unsolvable inflation problem due to its technology (ring signatures), it is one of the reasons among others why Liquid did not adopt ring signatures, if they did they could not guarantee the 1:1 backing between Bitcoin and L-BTC.
- There is no consensus or stability in the network, Monero has had numerous hardforks throughout its short history to introduce new features which hinders its adoption as a store of value or currency.
- It has tail issuance, which while low, nothing guarantees given the history of hardforks that this will change in the future.
Monero supporters can cry and come and say I have no idea and blah blah blah, but the reality is what it is and the adoption of monero is what it is and the price of monero is what it is.
You can ignore reality but not its consequences.
But the way Monero is set up it has serious problems.
- The dynamic block size makes it not decentralized, because if it has a massive adoption only big companies will be able to run the nodes.
- It has a hidden and unsolvable inflation problem due to its technology (ring signatures), it is one of the reasons among others why Liquid did not adopt ring signatures, if they did they could not guarantee the 1:1 backing between Bitcoin and L-BTC.
- There is no consensus or stability in the network, Monero has had numerous hardforks throughout its short history to introduce new features which hinders its adoption as a store of value or currency.
- It has tail issuance, which while low, nothing guarantees given the history of hardforks that this will change in the future.
Monero supporters can cry and come and say I have no idea and blah blah blah, but the reality is what it is and the adoption of monero is what it is and the price of monero is what it is.
You can ignore reality but not its consequences.