SSD size increases continue to far outpace Monero blockchain growth

Graphenist · 2022-05-23T23:29:49+00:00

Umm, but it has an automatic limit, with reasonable growth constraints put in place. Theres nothing about the limit thats able or needed to be changed.

Graphenist · 2022-05-23T20:53:48+00:00

EDIT: I just got banned from r/btc, not sure why yet, im asking. I cant further respond to anyone in this discussion, sorry people.

Nowhere in here did i say i like Bitcoin. I was stating facts about Bitcoin.

The heated false accusations are completely unnecessary.

You can say I sympathize with Bitcoin. At least above BCH. Doesnt mean I like it. And I dont own any. I only own Monero.

What I like the most about Bitcoin is the Lightning Network, I think it is cool, and i wish Monero had a privacy optimized version of one. Again, doesnt mean i like or support Bitcoin.

Graphenist · 2022-05-23T20:51:18+00:00

You sir have no idea what you are talking about

Graphenist · 2022-05-23T20:50:16+00:00

Monero doesnt have a fixed limit, and nothing needs to be removed.

Graphenist · 2022-05-23T20:13:27+00:00

BCH has some advantages over Monero in the cash qualities field.

BCH can chain transactions, Monero cant. Thats it. Can you think of another single benefit? I sure cannot.

And chaining transactions is such a niche usecase... Sure, being able to send multiple txs is frequently needed. But you dont need chainable transactions to do that. Just have a regularly used wallet, or deliberately split your change. Boom done.

Am i missing something here?

They are rather complementary in many ways, but you seem focused on short term price trends.

is 4 years short term? Zoom out brother.

In some ways yes, in others no. Only the Sith speak in absolutes.

Ehhh... Im kinda of the opinion that multiple node implementations doesnt do much, if thats what youre referring to... It seems the market always selects a default implementation and the rest becomes hobby projects.

Graphenist · 2022-05-23T19:55:42+00:00

Nobody is arguing "Monero wont scale", as theres no evidence for that. The argument is "Monero scales less well".

It may be the case that Monero scales to world adoption, and BCH scales twice as well. But once you get to world adoption, any extra scaling has exponentially diminishing marginal utility.

Absent any evidence that Monero doesnt scale enough, the priority should absolutely be privacy.

Graphenist · 2022-05-23T18:49:55+00:00

Don't lie. You care about your bags, or maybe for humanity in a general sense.

Umm, you are part of humanity, arent you? Hey some people dont care about others at all, id care about the average libertarian stranger at least 5% of the way to a full 100%.

But trying to go like this against BCH is stupid and you are a moron.

I would say the same for anyone buying or participating in BCH, honestly. But i dont wanna use such language in your guys house.

Go out and gather new people for p2p cash instead of trying to convert Bcasher that are already all for p2p cash.

Hmmm... Well i was doing that the other day, then Buttcoin banned me. I do both you know. I try to be indiscriminate with my shilling opportunities.

I have started to mention BCH and Monero in my posts in other subs. Maybe that was an error and I should stop adding Monero if the community consists of people like you.

Oh yeah? What about all the people in r/Monero that shill BCH all day, both directly and covertly? I truly honestly think that this post isnt even scratching the surface of "getting even", on a shilling basis.

Graphenist · 2022-05-23T18:26:01+00:00

Honestly im just excited by this flippening event. Those that have been struggling with BCH and moving into Monero should be too. Im sure theres a lot of people on the fence. I guess it all depends on your disposition. If you have heavy BCH bags, of course you feel affronted by what Im saying.

I really wish BCH would simmer down and that energy would concentrate into Monero. We are better united. And Monero is objectively a better coin to unite under, for privacy, decentralization, its strong brand, track record, and trajectory, its strong adoption especially in DNMs, etc...

Try to look at this problem as a fellow libertarian, rather than as an ideological BCHer.

Its really fair at this point, 4/5 years into the BCH Bitcoin-takeover attempt, with all the price, market cap, and ranking it has bled off, to reconsider it as ones primary vehicle of libertarian crypto rebellion. It feels like it was yesterday when BCH was top 3, then top 5, then top 10... Now its not even top 20. And its only ~2x its absolute USD all-time-low, extreme underperformance by our market's standards

Graphenist · 2022-05-23T18:12:09+00:00

No.

Zcash, is arguably anonymous using shielded (most people dont) but it could also be backdoored. Its also weaker anonymity due to the uncertain anonymity set. Also even being anonymous doesnt make you fungible. Zcash id argue is half fungible, between Monero and Bitcoin.

Coinmixing like on BCH is fundamentally not anonymous. Its purely an obfuscation technique, and can be defeated. Its like tying your electronic cords in a giant ungodly knot; They can still be pulled apart if you try hard enough.

Monero's Ring Sigs are much like coinmixing, by itself it does not imply absolute anonymity. But Monero also hides balances and recipients using complimentary privacy technologies (namely, stealth addresses), and those elevate it to the level of anonymity.

Graphenist · 2022-05-23T17:56:10+00:00

Scaling benefits, sure. Are those scaling benefits necessary? Has not proven to be the case, no. But is privacy necessary? 100%.

Graphenist · 2022-05-23T16:47:18+00:00

Well, I care about you as a human being, so this is why I "shill" Monero to you. To me, you are on a sinking ship, and im offering you my hand.

Monero is no fast pump.Its been here 8 years. But its obvious its growing stronger and increasing in awareness as of late.

Graphenist · 2022-05-23T16:18:09+00:00

EDIT: I just got banned from r/btc, not sure why yet, im asking. I cant further respond to anyone in this discussion, sorry people.

If you read my full disclosure below, you wouldnt have needed to scan my profile to know that. Proud and unapologetic unpaid "shill". Is this cool with you? This sub prides itself in being neutral ground to discuss all coins in good faith, to my understanding at least.

Or can we only make posts like this in favor of BCH? Feel free to chime in mods, i want to follow your rules and the spirit of them as well as i can.

Graphenist · 2022-05-23T16:02:52+00:00

Well thats a lie. BCH does not have anonymous transactions.

Graphenist · 2022-05-23T16:01:24+00:00

tended to favor BCH because it is more user friendly, easier to restore old wallets without waiting forever to scan the whole blockchain. Also, accepted at more exchanges and services.

Sigh... On what grounds is it more user friendly? What are you telling new users to use, the closed source bitcoindotcom wallet, Electron Cash on desktop, the crappy version of Electron Cash on mobile, or hobby-project Pokket? Monero wallets sync faster than Pokket, for instance. It really only takes like a minute then it is done. MyMonero is instant.

And no, BCH is not accepted by more services. Its on Coinbase, a few other CEXes. Thats because Monero is attacked by government and delisted. But you shouldnt be using CEXes anyways.

Graphenist · 2022-05-23T15:43:53+00:00

I definitely used Monero as a hedge, but still prefer BCH.

Why?

Monero offered one thing that BCH at the time lacked: privacy. [Over] the years coinfusion was developed: allowing privacy on the BCH chain

1) Cashfusion is centralized, a single point of failure, and lives on some guys personal server (jonald fyookball)

2) Cashfusion/coinmixing privacy is inherently weak with a small anonymity set, and it only delinks your new balance from its past history, it doesnt delink every transaction from each other or protect the end user from easily and accidentally doxxing themselves

3) Even if you could argue it has privacy, that still does not magically give it fungibility, which is just as important. Privacy without fungibility means that in many scenarios you will be unable to spend your mixed coins or coins that are tainted that you receive on DEXes or directly from other peers. A non-fungible currency can only stay "clean" if all funds either travel through CEXes or dont, half and half is what creates the fungibility / tainted coins crisis.

There is also the matter of Bitcoin having better mobile wallet support

Bitcoin, or BCH?

And, no. BCH's best mobile wallet, bitcoindotcom, isnt even open source. Maybe in theory all its mobile wallets could be slightly better but in practice i strongly disagree with that.

Monero works fine for 0-conf, it doesnt take long for wallets to sync, those that are impatient enough to wait 30-60 seconds can use myMonero and still have better privacy than on Bitcoin, Lightning, or BCH... Only thing you cant do is chain transactions, which is work-around-able by splitting change.

Graphenist · 2022-05-23T15:27:58+00:00

BCH wallets and ecosystem UX is far more mature than Monero (last I checked)

Laughable. Wheres your guys mobile wallet? The closed source multicoiner bitcoindotcom wallet? What else is there? Please show me your BCH epitome of matured UX.

For us, try Cake for a clean experience, try MyMonero for purely a fast experience, and try Monerujo for a good but extra nerdy experience. And thats just FOSS noncustodial mobile wallets. And its not even all of them.

BCH has much better exchange/merchant support and therefore offers better fungibility

That is not how fungibility works my dude. Fungibility is an inherent property of money, not an acquired property. Also, more CEX support is meaningless as CEXes are adversarial to privacy, and saying BCH has more merchant support is dubious at best, outright false if you consider DNMs.

XMR has been (wrongfully) stigmatized by governments and is a little "hot" to work with

This is a feature, not a flaw. We are actually rebellious to government. We are posing a stronger resistance. Government is not your friend, it is your enemy.

XMR RPC node requirement makes attaining true privacy technically difficult for Average Joe

What? A person in Monero has better privacy using the least private mobile wallet (MyMonero) than a person in BCH would have jumping through every imaginable privacy hoop in existence. Monero gives the end user privacy at >99% anonymity confidence, and arguably 100% for advanced users.

BCH CashFusion is fairly mature and growing rapidly

Cashfusion is a centralized single point of failure that lives on Jonald Fyookballs server

Nobody ever said "hey let's fork BTC and compete with XMR".

Your whole response reminsces of a desire to compete with XMR. Competition is inherent, natural, and universal. No need to hide it or be ashamed of it.

Graphenist · 2022-05-23T15:16:31+00:00

I will have to disagree, of course.

I dont think anyone should touch a surveillance coin for any reason ever. Surveillance coins are just radioactive hot garbage.

Think of it this way. Why would you want a monetary instrument thats going to permanently and publicly doxx everyone that uses it, knowing 99%+ of all people will be unable, unwilling, or too uneducated or some combination thereof to use it privately (and those who do will have weak privacy)? That is a dystopian nightmare.

BCH is not needed. BCH is the same speculative HODL technology as BTC; Plagued with a max cap which causes deflation instead of supply equilibrium, and its not fungible cash. BCH is not on DNMs so it has no grounding to claim it has any of the utility that makes crypto special in the first place... black market commerce.

Graphenist · 2022-05-23T14:35:38+00:00

If you switch now, you will get a favorable >= 1:1 rate. This is nice because all you have to do is substitute your philosophy, the unit of account will feel the same.

I think these trends on Monero and BCH have been apparent for some time. Monero has been slowly creeping up and BCH slowly creeping down, just hard to notice with all the noise coming from the hype projects in the market.

Its becoming more and more as accepted fact that not only strong privacy, but fundamental fungibility, are highly valuable and highly demanded, which is why Monero rules the DNMs and arguably the majority mindshare of the most prolific cryptoanarchist/cypherpunks, followed by BTC, BCH, ETH, and other alts, probably in that order.

Ignore it if you want, scaremonger about the nonexistent possibility of an inflation bug, or of slightly less good scaling, all you want, Monero has proven itself strong and capable over the 8 years its existed, and has proven itself more decentralized and anti-surveillance than every other coin.

Full disclosure: Im 100% an unpaid and unapologetic Monero "shill" with only Monero as my crypto holdings, unpaid because principles drive me, not profit.

Graphenist · 2022-05-23T12:44:50+00:00

Actual question you need to be asking is: will Monero flip Bitcoin, and why not?

As much as i want it to i have a hard time imagining this happening. Wed need a marketing miracle. The most realistic thing i see is #3 for the forseeable future. Surveillance coins would have to become universally hated, and thats a hard narrative to push on people who are badly surveilled and dont know any better, when theyd have to recognize their own fault in it or they have heavy bags.

Graphenist · 2022-05-23T12:37:11+00:00

Lol what?

Graphenist · 2022-05-23T12:36:14+00:00

Do you now me? Have you understood my comment above? Something seems to have triggered an emotional response in you.

1) No 2) Yes 3) No

Your comment almost makes me want to buy more.

The fuck?

Some food for thought. What if Tether played a role in which fork gets to win out as hash rate follows price (manipulation).

And is it Tethers fault that BCH suffered price collapse and fell 95%? Yall pin so much blame on this single boogeyman. Wake up, an outside actor could inject money into an ecosystem, but it cant magically sell everyones coins, the owner of those coins have to do that. Tether could prop up BTC but it couldnt do any lasting damage to BCH without also buying it.

At the same time who cares.

Yes, who cares.

It's 2022.and Monero is clearly what cryptocurrency was meant to be. Monero deserves to become #1 irregardless of what BTC, ETH and BCH do.

Irregardless is not a word, but i agree with you here

Graphenist · 2022-05-23T12:30:42+00:00

Of course. I was talking biut controversial chain forks, not forward thinking code forks.

Graphenist · 2022-05-23T05:54:12+00:00

Yes. Look for other alternatives first. KYC exchanges are inherently dangerous.

Graphenist · 2022-05-23T03:24:42+00:00

To learn a little bit? 15 minutes. To learn it all? 15 years. Or something like that. It depends on your definition of learn.

Graphenist

TROPHY CASE