👆Any take on this article?

Question

Monero XMR

Swingking

👆Any take on this article?

#cryptocurrency #english #xmr

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07.12.2023

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Big Knobby · Accepted Answer

Load of shite. He talks about market cap as if it's a metric for what people are using. Lightning doesn't work. Mass adoption on Bitcoin...look at the fees. Asic resistance is very important. The original btc miners didn't use Asics. They actually followed the white paper 1 CPU= 1 vote Riddled with lots of 'ifs' and in the future talk. Failing on the actual necessity to transact now. Monero tx take up more size is true. However a Bitcoin TX trying to mimick xmr with privacy takes up more! Privacy narrative: the writer says that privacy has not been that much of a concern. Has he forgotten what Bitcoin was originally used for? Privacy of course it's utility at the time is what gave it value not speculaters. Bitcoin wasn't designed to be 'asic friendly' it ultimately failed in this regard when compared to the white paper.

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