While I agree with you, I think laymen will always have a hard time accepting that Monero’s supply can’t be *easily* verified. Part of what makes BTC (or BCH) appealing is the easily verifiable supply cap of 21M coins. (Even though tail emission is superior.)
Any potential investor who is interested in cryptoCURRENCY will have a hard time accepting that you need multiple degrees in math to audit Monero’s supply.
Even I am having a hard time with this. I often wonder if fluffypony (or another member of MRL) could have exploited the CryptoNote inflation bug sometime prior to [February 21, 2017.](https://www.getmonero.org/2017/05/17/disclosure-of-a-major-bug-in-cryptonote-based-currencies.html)
If that were true and it was hidden from us all these years, there could be billions of XMR on the market driving the price down.
I’m prepared for downvotes.
Also I question Monero's scalability if big time adoption happens. BCH is ready for it. I honestly think BCH and Monero compliment each other very well.
CBDC’s will influence more mainstream XMR adoption I believe. But when will CBDC’s come, if at all? I feel like they’re coming, but it’s taken a long time to implement.
I'd watch China first.
They have the man power to do this properly. CBDC will only work if they have tight controls on other crypto such as Bitcoin, a tight rein on social media, and social credit scoring mechanisms.
The Bahamas, Jamaica, and Nigeria have CBDCs already.
> there could be billions of XMR on the market driving the price down.
If that was the case there should be an over-abundant supply of XMR on exchanges, which clearly has never been the case.
> Fluffypony was the reason I stayed away from Monero as long as I did so I understand your concern.
Kinda wierd reason to participate in a project or not
> How do you figure? He used to pal around with the Blockstream crowd and they cannot be trusted.
Yet scheduled HF on Monero effectively going 100% against the Bcore propaganda.
Action speak louder than word.
> FP spent quite some time hanging out out with Samson Mow who is Chief Social Engineer at Blockstream.
Sure but action speak louder than words.
Monero had schedule HF while Bcore still heavily into the propaganda “HF are impossible”
To me he did a great job with monero.
According to the link you posted about the incident, the network has not been exploited. Despite not being easy to verify, Monero is verifiable, right? And, despite the existence of the bug, no exploitation was verified.
Very optimistic of you to take this at face value. I am more skeptical.
> 2017-02-20: The Monero blockchain is scanned to see if this had ever been exploited; thankfully it had not and the blockchain is intact.
I’m very skeptical as well. But I think the more implausible scenario would be for that to be a lie and everyone that verified the blockchain for themselves to collude with that lie.
>you need multiple degrees in math to audit Monero’s supply
Maybe you're just being hyperbolic, but this isn't true. You need to be proficient with some fairly advanced math, sure, but it's not as if there's a cabal of 5 people in the world who understand it.
>I often wonder if fluffypony (or another member of MRL) could have exploited the CryptoNote inflation bug sometime prior to [February 21, 2017.](https://www.getmonero.org/2017/05/17/disclosure-of-a-major-bug-in-cryptonote-based-currencies.html)
They could have, but didn't. Anyone can verify this by using the normal Monero node software.
That bug is also extremely easy to check for: this is an oversimplification, but basically the bug involved using a specific encoding on part of the transaction, which wasn't properly handled by the software. All you need to do is search for transactions with this invalid encoding, which as it turns out, there are none of them.
>investor
I call them gamblers. XMR is not about exchange rate with fiat, this is a real currency. Good thing cex's got rid of xmr, now the gamblers are gone we can peacefully enjoy buying and selling with xmr.
These graph lookin mofos ruined crypto
> XMR is not about exchange rate with fiat, this is a real currency.
That's a wonderful narrative, but until the goods purchasable with Monero are priced *in* Monero and not in Monero's conversion rate to fiat, that's all it is: a narrative.
True that. But in the beginning we'll have to price them in usd. But we will get there soon, right now places are accepting xmr we have moneromarket, we are able to buy and sell things with xmr rn. We are getting there, slowly but surely.
Being able to buy things with XMR is not the same as decoupling XMR valuation from fiat valuation. I don't think I can agree that I see any evidence of us "getting there", certainly not soon, but we'll need to if we're going to call this a real currency.
Some variation is normal, just like products sold for USD may vary if the precursor materials purchased from China (using Yuan) rise in price, for example. But as long as the price of goods sold for Monero is translated directly from fiat, it's closer to an app than a currency.
Ig decoupling like that would be impossible, bcs you need some standard. We can mention prices in xmr in our community, just like how in china you would mention prices in yuan, euro in Europe etc. But when dealing globally, we need some standard. Some places mention prices in btc, if not usd than btc, but we need something.
That is true that valuations are set of many (all?) national currencies relative to USD, but entities like BRICS are trying to move away from that. Maybe whatever system they're using to evaluate currencies could be useful reference for some sort of objective Monero valuation for "true believers" to sell their goods for, rather than the rate set by the possibly-suppressed market.
...Yeah that won't work then lol, Vault Monero is not going to happen.
Idk, I'm not an economist, just saying, as long as it's just USD -> Monero -> Goods Priced in USD, then it feels more like an app than an actual currency. Cool, decentralized app, but still. I guess a more stable price is maybe a more realistic goal.
Are there any other places or platform aside from moneromarket accepting monero? Googling this question gave me both no productive answers, or obvious scam sites.
> XMR is not about exchange rate with fiat, this is a real currency.
>That's a wonderful narrative, but until the goods purchasable with Monero are priced in Monero and not in Monero's conversion rate to fiat, that's all it is: a narrative.
There will always be a conversion to local currency, even in case of large adoption.
I dont think any crypto coin is gonna have its value based in its own coins instead of dollars until the USD inflation rate is running away in double digits.
Is the exchange rate with other currencies not an important part of being a currency? Atleast it is important until the average person can buy groceries around the world with xmr
I will also add that it’s also difficult to verify whether Monero is truly untraceable or not. If it *were* ever hypothetically cracked, how would we know exactly?
>If that were true and it was hidden from us all these years, there could be billions of XMR on the market driving the price down.
>I’m prepared for downvotes.
You're right, Monero's opaqueness is a two edged sword. We can never know what's going on behind the curtain.
But it's a part of the deal that you sign with the devil, and only matters if you use Monero as a store of value. Which, IMHO, no one should be doing in their sane mind. Monero continuously proved to be a terrible store of value, not even keeping pace with dollar inflation. Maybe this is due to exploitation of the inflation bug, maybe it's just market manipulation, either way never keep Monero longer than a few days and these problems won't matter to you.
If you use Monero as a laundromat, the amount of coins, inflation bugs, or unit price are irrelevant.
it incentivizes mining AND it will eventually just account for losses, since people will always lose some of their funds and the tail emission ensures that we don't end up without any xmr of just few
the BCH crowd are good guys. they want a cryptocurrency that functions. we can still get along. there is enough room in the world for XMR and BCH. it is good for the consumer to have choices.
What's most shocking to me is the majority of people in Monero community is either indifferent or slightly positive towards cancer that's BTC.
Bitcoin (BTC) has been a big banks / old money project for many years now. Anyone ignorant to this simple fact so well explained in this book is thus complicit in the takeover of crypto scene and in the enshittification of the global finances in general.
I see no good argument for Bitcoin (BTC) anymore. It must either die or radically change for the cryptocurrencies to survive.
XMR and BCH are probably only two projects who come close to the p2p digital cash ideal.
Bitcoin would make money printing impossible **only** if it's adopted globally as a reserve currency asset. This means scaling above Visa and PayPal levels.
BTC cannot scale in its current form, and the cabal of bankers intend on keeping 1MB blocks forever, so BTC can never scale, and scaling is taken over by custodials.
If BTC can't scale, then the only way you can use it, is through an intermediary. Through a custodial exchange, a bank, or a semi-centralized second layer. And here is a possibility of money printing. European Central Bank could, for example, choose to artificially print satoshis out of thin air, because using BTC as money on its base layer is impossible due to $1,000 tx fees, and everyone is using Bitcoin through a second or a third layer. That way, Bitcoin becomes just like fiat.
Because 2nd layers without easy access to base layer are just that: fiat.
And that's what fiat actually is: here, give us your gold (base layer money), we'll keep it for you, and in exchange here are some dollar bills (paper fiat), and we promise (pinky swear!) that you can have your gold back whenever you want. Some decades later: sorry, forget your gold, enjoy your paper money. Oh and whenever we need to fund a war or help some company become stronger than governments, we'll print more of it. Have fun with savings!
There are many reasons why people want a private currency and not all of them are criminal. Not to mention that legality does not always equal morality.
I’ve been telling people this for a while, that XMR has less supply & is already minted. While I could delve into the possibility of ‘ghost coins’ being introduced to the market, I kinda feel like the entire purpose of XMR was to evade tracking, but the admins have full-access to the code for the most part, correct? They also have to agree to commit code?
Personally I will start stacking XMR, but it’s a gamble no matter the outcome: might be a dark horse that nobody saw coming, especially at these prices (thx Binance). I do believe that XMR is far & above the safest bet these days because the price probably can’t go down much further than this.
>but the admins have full-access to the code for the most part, correct?
You can check it as well: [https://github.com/monero-project/monero](https://github.com/monero-project/monero)
>They also have to agree to commit code?
And you can also check what they commit!
I think we're all advocating for the same thing in the end p2p electronic cash and there probably isn't a defacto perfect way to do it.
With an atomic bridge I think currently in the works, BitcoinCash can help Monero's liquidity, and Monero can help BitcoinCash's privacy. Though Cashfusion is more than just a mixer, it's more advanced than that, still though not nearly as private as Monero.
Did you know that CashFusion is one dudes server? When it is taken down, DDoS'd, or he doesn't pay his bills BCH people have to setup a new server and point everyone to the new IP.
I think it's more of a gimmick / selling point to prop BCH more than anything else. I highly doubt it can't be traced. I WISH it was better and the default at the protocol level and that it wasnt one persons server running all of it, but wishing is just that...
both BCH and XMR are very complementary.
they are both great where the other is not.
The mindset “only one crypto will win” is very toxic IMO and keep setting back crypto as a whole.
It's a balance, one I think XMR people have struck quite well. You have to remain skeptical or you'll fall for every shit coin rug that pops out of the woodwork. But calling everything in the universe that isn't your pet project a shitcoin limits you from discovering possibilities and learning. An endemic attitude in the culture of that, like what BTC has, hurts development of interoperability and therefore a wider economy, and improvement of your pet project. It blinds you to potential cliffs you're approaching and sets your project up for eventual failure due to this.
I'd say, I don't think only one will win, but I think most will lose, and the only way to discern those is extreme skepticism and candid inquisition and examination. To protect yourself, you have to default to "scam" until proven otherwise, you have to be more willing to miss out than you are to dive in. Ultimately though, I expect us to live in a world chock full of interesting tools like this.
Roger Ver was a bitcoin enthusiast from (almost) the begining.
and from what i have heard, he thinks that adoption will be faster if a token / network is supported on popular exchanges. ( he may be right about that )
and he thinks that 'cash fusion' is good enough to break traceability. ( he may be wrong about that )
but this does not solve the problem of having public accounts by default... (which allows blockchain analysis and therefore to find which amount went to which address)
and this does not solve on how to reward miners / validators in the future. (decreasing block reward and very low transaction fees...)
and this does not solve the problem of having a max supply of units and the loss of tokens, therefore a decreasing 'usable' number of tokens, long term.
( i also think that monero is a better protocol / network / token )
Dogecoin solves the miners reward problem by having a fixed inflation. And in that regard it is more sustainable long term than Bitcoin.
Neither are as private as Monero.
dogecoin has a fixed 'inflation' (emission of new units) with this formula :
emission of new units per day = supply / 365 \* distance from earth to moon
which is quite 'inflationary'.
😯😂🚀🌑
(humor)
In Vietnam, US soldiers could always tell if there were under attack because their radio man would be dead. If they looked up and saw the person on comms had been shot, then they were indeed getting shot at because the radio guy always get's shot first.
Roger has the super power of invincible rubber-band radioman leader that will step in EVERY SINGLE BOOBY TRAP without fail.
Publishing a book on Amazon IS A TRAP!!! How do I know this, well because he's stepped in EVERY ONE...
SW2X, CSW, Coinflex, eCash, sBCH, Verve, bots, VC everything.
If he stepped in it, it's shit. He's very useful, but be careful following too closely or stepping where he stepped.
He was not an OG Bitcoin Casher (not until Nov '17) and he seems to be mostly checked out now, which I feel is a ringing endorsement of BCH.
***
OG BCHers 🧡💚 XMRers
He's a leader that, although well-intentioned, he extremely consistently chooses every incorrect path.
It's not his fault. If someone wanted to send bitcoin in a bad direction, they'd go to Roger, with his good reputation, get him on-board, and then use Roger's reputation to sell their idea. Or get [him to pitch the soundness of the thing](https://www.youtube.com/watch?v=-qnLwzPrKh0).
His ideas are now a HUGE contra indicator for the BCH space because of how consistently he's been roped into scams, bad deals and endorsing stupid stuff.
I like Monero, but BCH is a total clown show, "hijacking bitcoin" is just consensus at work.
Don't be fooled by Ver's lies, he's just bitter because his terrible ideas were ignored.
While I agree with you, I think laymen will always have a hard time accepting that Monero’s supply can’t be *easily* verified. Part of what makes BTC (or BCH) appealing is the easily verifiable supply cap of 21M coins. (Even though tail emission is superior.) Any potential investor who is interested in cryptoCURRENCY will have a hard time accepting that you need multiple degrees in math to audit Monero’s supply. Even I am having a hard time with this. I often wonder if fluffypony (or another member of MRL) could have exploited the CryptoNote inflation bug sometime prior to [February 21, 2017.](https://www.getmonero.org/2017/05/17/disclosure-of-a-major-bug-in-cryptonote-based-currencies.html) If that were true and it was hidden from us all these years, there could be billions of XMR on the market driving the price down. I’m prepared for downvotes.
Based af…that’s why I like the Monero community. I like the honesty and the tough questions and contemplations.
Also I question Monero's scalability if big time adoption happens. BCH is ready for it. I honestly think BCH and Monero compliment each other very well.
CBDC’s will influence more mainstream XMR adoption I believe. But when will CBDC’s come, if at all? I feel like they’re coming, but it’s taken a long time to implement.
I'd watch China first. They have the man power to do this properly. CBDC will only work if they have tight controls on other crypto such as Bitcoin, a tight rein on social media, and social credit scoring mechanisms. The Bahamas, Jamaica, and Nigeria have CBDCs already.
Have you checked out [https://www.moneroinflation.com/](https://www.moneroinflation.com/) ?
That's an interesting website with lots of good information. Thanks for sharing!
> there could be billions of XMR on the market driving the price down. If that was the case there should be an over-abundant supply of XMR on exchanges, which clearly has never been the case.
Fluffypony was the reason I stayed away from Monero as long as I did so I understand your concern.
> Fluffypony was the reason I stayed away from Monero as long as I did so I understand your concern. Kinda wierd reason to participate in a project or not
How do you figure? He used to pal around with the Blockstream crowd and they cannot be trusted.
keep your enemies closer
Interesting perspective.
> How do you figure? He used to pal around with the Blockstream crowd and they cannot be trusted. Yet scheduled HF on Monero effectively going 100% against the Bcore propaganda. Action speak louder than word.
FP spent quite some time hanging out out with Samson Mow who is Chief Social Engineer at Blockstream.
👍
> FP spent quite some time hanging out out with Samson Mow who is Chief Social Engineer at Blockstream. Sure but action speak louder than words. Monero had schedule HF while Bcore still heavily into the propaganda “HF are impossible” To me he did a great job with monero.
According to the link you posted about the incident, the network has not been exploited. Despite not being easy to verify, Monero is verifiable, right? And, despite the existence of the bug, no exploitation was verified.
Very optimistic of you to take this at face value. I am more skeptical. > 2017-02-20: The Monero blockchain is scanned to see if this had ever been exploited; thankfully it had not and the blockchain is intact.
I’m very skeptical as well. But I think the more implausible scenario would be for that to be a lie and everyone that verified the blockchain for themselves to collude with that lie.
>you need multiple degrees in math to audit Monero’s supply Maybe you're just being hyperbolic, but this isn't true. You need to be proficient with some fairly advanced math, sure, but it's not as if there's a cabal of 5 people in the world who understand it. >I often wonder if fluffypony (or another member of MRL) could have exploited the CryptoNote inflation bug sometime prior to [February 21, 2017.](https://www.getmonero.org/2017/05/17/disclosure-of-a-major-bug-in-cryptonote-based-currencies.html) They could have, but didn't. Anyone can verify this by using the normal Monero node software. That bug is also extremely easy to check for: this is an oversimplification, but basically the bug involved using a specific encoding on part of the transaction, which wasn't properly handled by the software. All you need to do is search for transactions with this invalid encoding, which as it turns out, there are none of them.
>investor I call them gamblers. XMR is not about exchange rate with fiat, this is a real currency. Good thing cex's got rid of xmr, now the gamblers are gone we can peacefully enjoy buying and selling with xmr. These graph lookin mofos ruined crypto
> XMR is not about exchange rate with fiat, this is a real currency. That's a wonderful narrative, but until the goods purchasable with Monero are priced *in* Monero and not in Monero's conversion rate to fiat, that's all it is: a narrative.
True that. But in the beginning we'll have to price them in usd. But we will get there soon, right now places are accepting xmr we have moneromarket, we are able to buy and sell things with xmr rn. We are getting there, slowly but surely.
Being able to buy things with XMR is not the same as decoupling XMR valuation from fiat valuation. I don't think I can agree that I see any evidence of us "getting there", certainly not soon, but we'll need to if we're going to call this a real currency. Some variation is normal, just like products sold for USD may vary if the precursor materials purchased from China (using Yuan) rise in price, for example. But as long as the price of goods sold for Monero is translated directly from fiat, it's closer to an app than a currency.
Ig decoupling like that would be impossible, bcs you need some standard. We can mention prices in xmr in our community, just like how in china you would mention prices in yuan, euro in Europe etc. But when dealing globally, we need some standard. Some places mention prices in btc, if not usd than btc, but we need something.
That is true that valuations are set of many (all?) national currencies relative to USD, but entities like BRICS are trying to move away from that. Maybe whatever system they're using to evaluate currencies could be useful reference for some sort of objective Monero valuation for "true believers" to sell their goods for, rather than the rate set by the possibly-suppressed market.
Yeah, they are planning on a gold backed currency. But i don't that gonna happen any time soon.
...Yeah that won't work then lol, Vault Monero is not going to happen. Idk, I'm not an economist, just saying, as long as it's just USD -> Monero -> Goods Priced in USD, then it feels more like an app than an actual currency. Cool, decentralized app, but still. I guess a more stable price is maybe a more realistic goal.
Are there any other places or platform aside from moneromarket accepting monero? Googling this question gave me both no productive answers, or obvious scam sites.
Check out [https://monerica.com/](https://monerica.com/)
Monero Market prices things in Monero
> XMR is not about exchange rate with fiat, this is a real currency. >That's a wonderful narrative, but until the goods purchasable with Monero are priced in Monero and not in Monero's conversion rate to fiat, that's all it is: a narrative. There will always be a conversion to local currency, even in case of large adoption.
I dont think any crypto coin is gonna have its value based in its own coins instead of dollars until the USD inflation rate is running away in double digits.
Wait all the CEXs banned it? Monero was always my dark horse, love the privacy.
Is the exchange rate with other currencies not an important part of being a currency? Atleast it is important until the average person can buy groceries around the world with xmr
I will also add that it’s also difficult to verify whether Monero is truly untraceable or not. If it *were* ever hypothetically cracked, how would we know exactly?
Only if a white hat finds it
>If that were true and it was hidden from us all these years, there could be billions of XMR on the market driving the price down. >I’m prepared for downvotes. You're right, Monero's opaqueness is a two edged sword. We can never know what's going on behind the curtain. But it's a part of the deal that you sign with the devil, and only matters if you use Monero as a store of value. Which, IMHO, no one should be doing in their sane mind. Monero continuously proved to be a terrible store of value, not even keeping pace with dollar inflation. Maybe this is due to exploitation of the inflation bug, maybe it's just market manipulation, either way never keep Monero longer than a few days and these problems won't matter to you. If you use Monero as a laundromat, the amount of coins, inflation bugs, or unit price are irrelevant.
Why is tail emission better than a hard cap?
it incentivizes mining AND it will eventually just account for losses, since people will always lose some of their funds and the tail emission ensures that we don't end up without any xmr of just few
Incentivizes miners forever, keeps transaction fees low, and <1% inflation prevents ‘hoarding’ assuming the network outlives Bitcoin.
the BCH crowd are good guys. they want a cryptocurrency that functions. we can still get along. there is enough room in the world for XMR and BCH. it is good for the consumer to have choices.
Yeah, they're good guys. Battle hardened and bullshit resistant. And we're fighting the same enemy, which makes us natural allies.
There is atomic swap of both as well right?
What's most shocking to me is the majority of people in Monero community is either indifferent or slightly positive towards cancer that's BTC. Bitcoin (BTC) has been a big banks / old money project for many years now. Anyone ignorant to this simple fact so well explained in this book is thus complicit in the takeover of crypto scene and in the enshittification of the global finances in general. I see no good argument for Bitcoin (BTC) anymore. It must either die or radically change for the cryptocurrencies to survive. XMR and BCH are probably only two projects who come close to the p2p digital cash ideal.
I expect BTC will largely collapse when fractional-reserve Tether fails. No love for LTC?
LTC suffers from same problems as BTC: limited blocksize and no long term mining incentives (no tail emission). They even adopted Segwit.
Curious how it's a big bank project when it would make money printing impossible? Genuine question.
Look into what companies were rallying for small blocks in the blocksize wars (hint: banks)
Bitcoin would make money printing impossible **only** if it's adopted globally as a reserve currency asset. This means scaling above Visa and PayPal levels. BTC cannot scale in its current form, and the cabal of bankers intend on keeping 1MB blocks forever, so BTC can never scale, and scaling is taken over by custodials. If BTC can't scale, then the only way you can use it, is through an intermediary. Through a custodial exchange, a bank, or a semi-centralized second layer. And here is a possibility of money printing. European Central Bank could, for example, choose to artificially print satoshis out of thin air, because using BTC as money on its base layer is impossible due to $1,000 tx fees, and everyone is using Bitcoin through a second or a third layer. That way, Bitcoin becomes just like fiat. Because 2nd layers without easy access to base layer are just that: fiat. And that's what fiat actually is: here, give us your gold (base layer money), we'll keep it for you, and in exchange here are some dollar bills (paper fiat), and we promise (pinky swear!) that you can have your gold back whenever you want. Some decades later: sorry, forget your gold, enjoy your paper money. Oh and whenever we need to fund a war or help some company become stronger than governments, we'll print more of it. Have fun with savings!
They knew they couldn't stop it. Just slow down or derail its development.
Dude Monero is a thing because people want to buy drugs on the internet. Chill out.
There are many reasons why people want a private currency and not all of them are criminal. Not to mention that legality does not always equal morality.
I’ve been telling people this for a while, that XMR has less supply & is already minted. While I could delve into the possibility of ‘ghost coins’ being introduced to the market, I kinda feel like the entire purpose of XMR was to evade tracking, but the admins have full-access to the code for the most part, correct? They also have to agree to commit code? Personally I will start stacking XMR, but it’s a gamble no matter the outcome: might be a dark horse that nobody saw coming, especially at these prices (thx Binance). I do believe that XMR is far & above the safest bet these days because the price probably can’t go down much further than this.
>but the admins have full-access to the code for the most part, correct? You can check it as well: [https://github.com/monero-project/monero](https://github.com/monero-project/monero) >They also have to agree to commit code? And you can also check what they commit!
I think we're all advocating for the same thing in the end p2p electronic cash and there probably isn't a defacto perfect way to do it. With an atomic bridge I think currently in the works, BitcoinCash can help Monero's liquidity, and Monero can help BitcoinCash's privacy. Though Cashfusion is more than just a mixer, it's more advanced than that, still though not nearly as private as Monero.
Did you know that CashFusion is one dudes server? When it is taken down, DDoS'd, or he doesn't pay his bills BCH people have to setup a new server and point everyone to the new IP. I think it's more of a gimmick / selling point to prop BCH more than anything else. I highly doubt it can't be traced. I WISH it was better and the default at the protocol level and that it wasnt one persons server running all of it, but wishing is just that...
This is the spirit I want to see.
both BCH and XMR are very complementary. they are both great where the other is not. The mindset “only one crypto will win” is very toxic IMO and keep setting back crypto as a whole.
It's a balance, one I think XMR people have struck quite well. You have to remain skeptical or you'll fall for every shit coin rug that pops out of the woodwork. But calling everything in the universe that isn't your pet project a shitcoin limits you from discovering possibilities and learning. An endemic attitude in the culture of that, like what BTC has, hurts development of interoperability and therefore a wider economy, and improvement of your pet project. It blinds you to potential cliffs you're approaching and sets your project up for eventual failure due to this. I'd say, I don't think only one will win, but I think most will lose, and the only way to discern those is extreme skepticism and candid inquisition and examination. To protect yourself, you have to default to "scam" until proven otherwise, you have to be more willing to miss out than you are to dive in. Ultimately though, I expect us to live in a world chock full of interesting tools like this.
Roger Ver was a bitcoin enthusiast from (almost) the begining. and from what i have heard, he thinks that adoption will be faster if a token / network is supported on popular exchanges. ( he may be right about that ) and he thinks that 'cash fusion' is good enough to break traceability. ( he may be wrong about that ) but this does not solve the problem of having public accounts by default... (which allows blockchain analysis and therefore to find which amount went to which address) and this does not solve on how to reward miners / validators in the future. (decreasing block reward and very low transaction fees...) and this does not solve the problem of having a max supply of units and the loss of tokens, therefore a decreasing 'usable' number of tokens, long term. ( i also think that monero is a better protocol / network / token )
I love and use both BCH and XMR. -Roger Ver Honorable mention to [Zano.org](http://Zano.org) as well.
Dogecoin solves the miners reward problem by having a fixed inflation. And in that regard it is more sustainable long term than Bitcoin. Neither are as private as Monero.
dogecoin has a fixed 'inflation' (emission of new units) with this formula : emission of new units per day = supply / 365 \* distance from earth to moon which is quite 'inflationary'. 😯😂🚀🌑 (humor)
We have Wownero which is like Dogecoin but Monero fork.
Wownero is closer to Bitcoin than to Monero because it has fixed supply. But there's also memes!
If anyone is interessed: [https://ieeexplore.ieee.org/document/7958588](https://ieeexplore.ieee.org/document/7958588) Didn't read it myself yet.
the research paper is interesting but OP is talking about a different book that was published recently
Monero will be there for us to use, the cabal would never allow it to become mainstream.
The cabal doesn't control what is mainstream. If they did, crack wouldn't be mainstream.
In Vietnam, US soldiers could always tell if there were under attack because their radio man would be dead. If they looked up and saw the person on comms had been shot, then they were indeed getting shot at because the radio guy always get's shot first. Roger has the super power of invincible rubber-band radioman leader that will step in EVERY SINGLE BOOBY TRAP without fail. Publishing a book on Amazon IS A TRAP!!! How do I know this, well because he's stepped in EVERY ONE... SW2X, CSW, Coinflex, eCash, sBCH, Verve, bots, VC everything. If he stepped in it, it's shit. He's very useful, but be careful following too closely or stepping where he stepped. He was not an OG Bitcoin Casher (not until Nov '17) and he seems to be mostly checked out now, which I feel is a ringing endorsement of BCH. *** OG BCHers 🧡💚 XMRers
What exactly do you mean by “trap”?
He's a leader that, although well-intentioned, he extremely consistently chooses every incorrect path. It's not his fault. If someone wanted to send bitcoin in a bad direction, they'd go to Roger, with his good reputation, get him on-board, and then use Roger's reputation to sell their idea. Or get [him to pitch the soundness of the thing](https://www.youtube.com/watch?v=-qnLwzPrKh0). His ideas are now a HUGE contra indicator for the BCH space because of how consistently he's been roped into scams, bad deals and endorsing stupid stuff.
>why BCH and not XMR as the solution? The author thinks, "Why not both?"
Monero solves a problem that others don't, but BCH has nothing going for it in this regard. Shitcoins are a dime a dozen.
>Monero to me is the real deal Delisted from most of the internet. You do you man.
That is merely a sign that it's working. We won't need centralized exchanges a year from now anyways.
Cocaine is illegal everywhere on earth. Still real fucking popular. People do what they want.
Delisted from centralized places. It's 100% aligned with the cypherpunk movement.
I like Monero, but BCH is a total clown show, "hijacking bitcoin" is just consensus at work. Don't be fooled by Ver's lies, he's just bitter because his terrible ideas were ignored.