Say something bad about Monero

[Anonymous No.10122574]

You literally can't.
It's the best hold in the top 20 by a wide margin.

[Anonymous No.10122600]

Maybe that it's legitimately an SJW cuck coin?

Literally a community of cuckolded faggots who see the face of Monero wearing million dollar watches while XMR continues to crash and burn, all while actually still being HAPPY about it and encouraging people to die more.

Literally the shit-eating Antifa cucks of the crypto community.

Also: it had an infinite coin exploit for a long time.

Don't worry you fucking idiots, I'm sure fluffypony and the rest of them didn't use it too much.

[Anonymous No.10122603]

Bitmain murdered it by market dumping.

[Anonymous No.10122618]

It's a centralized shitcoin. The fact that Fluffy Pony and the other lead devs can regularlly impose POW changes and other upgrades that require hard forks on the network, and that the miners just go along with it, tells you that control is highly consolidated.

[Anonymous No.10122673]

>>10122603
And they murdered this board with subhuman IQ chink spam farms posting utter fucking bullshit
see:
>>10122600

[Anonymous No.10122728]

>>10122574
It should be a top 5 coin

[Anonymous No.10122737]

>>10122618
>that require hard forks on the network, and that the
Retard alert.

Monero is probably the least centralized coin in crypto. There's no official development team and anyone is allowed to fork it at any time.

Its resistant to ASIIC mining as well because of its hash algorithm which can be easily updated to render all ASIIC minders useless.

And finally the development team can impose any changes it wants and so can ANY OTHER PERSON THAT WANTS TO. Whether people will adopt that fork is up to them.

Fucking brainlets I swear. Have fun investing in Chainlink or whatever else your tiny brain wants to invest in.

[Anonymous No.10122849]

>>10122600

> Also: it had an infinite coin exploit for a long time.

Coin supply is unironically lower than BTC until 2040.
Coin emission is uniroically getting closer to being lower than BTC.

(funfact: Inflation rate of XMR is 6.5% while ZEC for example is 38%. Cute.)

A infinite coin supply exploit which never was utilized, if it did, we would know.
Monero's supply is auditable you fucking idiot. Go into the cli and type 'print_coinbase_tx_sum'
Not even gonna reply to the rest.

>>10122603

What does the short term market have to do with Monero's utility and increased demand long term?

>>10122618

Tell me why you believe it is centralized? And upgrades for Monero have been the norm for a long time, I don't see a fundamental issue. People just started calling them hard forks and comparing them to other chain forks. Doesn't work like that They switched away from ASIC's. So unless a large share of Monero in circulation is owned by NVIDIA or AMD, control is fractured (read: decentralized).

[Anonymous No.10123012]

Another privacy shitcoin with no use case other than "hiding" your money..

I'm all in XSN, it's gonna have the same features as XMR, just with more tech.
TPOS, and CCPOS just to give a few examples

[Anonymous No.10123126]

>>10122849
Upgrades that are not backwards compatible is what a hard fork is. Hard forks just introduce fragmentation and reduce hash rate (security). Look at the result of the latest Monero hard fork where you ended up with half the hash rate on Monero and 5 new Monero shitcoin forks now competing with Monero. A disaster! Their hard fork approach to upgrades is the reason. Why would a coin that can't decide what it wants to do and keeps splitting and introducing incompatible changes ever be adopted as global money?

ASICs are a good thing. They improve network security and over time decrease centralization. They are also far more energy efficient, meaning less "wasted" energy.

[Anonymous No.10123154]

The only coin not for plebs.

[Anonymous No.10123168]

>>10123126
How do ASICs decrease centralization over time?

[Anonymous No.10123264]

>>10123126
>ASICS decrease centralization
Bitmain is approaching 51% hash control of bitcoin, and has a greater than 51% control of ASIC production. How could that be anything but increasing centralization?

[Anonymous No.10123338]

>>10123168
1) ASICs are easier to engineer than GPUs. Notice that in 30 years we only have 3 companies that manufacture GPU chips at scale, and only two of them produce high-end GPUs.

With ASICs, it's easier for companies to get in. Yes Bitmain has an early mover advantage, for now, but we already see other companies getting into the ASIC space. Companies like Samsung are making ASIC processors. I'm sure Intel and the other big players in the microprocessor industry will get in too. Before long, the industry will be saturated with people looking for a piece of that profit. Prices will come down, and no one player will have a majority share of the market. With GPU mining, the miners are always beholden to just two companies, and the barrier to entry in GPUs is so high that it's unlikely anyone else will come in soon.

2) Lower energy usage means mining is more accessible to the world, not just areas with the absolute cheapest electricity.

3) There is no such thing as ASIC resistance. If there is money to be made, somebody will make it. By Monero playing this whack-a-mole game of changing POW every time a new ASIC comes out, the game will never end and Monero will need constant hard forks, decreasing hash rate more and creating more fragmentation (and more centralization). Instead of fighting the inevitable by creating harmful hard forks, Monero ought to embrace ASIC mining and view it as the path to higher security and greater market penetration.

[Anonymous No.10123426]

>>10123338
The point of GPU mining is that there is collateral damage associated with trying to ban mining hardware. If you try to ban GPUs, you can't do so without screwing over science, industry, and recreational gamers. If you ban an asic, there is no collateral damage.

[Anonymous No.10123652]

>>10123426
Addendum: even if control of the GPU market is too centralized (which is independent of monero itself), the company producing the GPUs can't hoard them and mine monero in secret without affecting industries that are much larger than monero.

[Anonymous No.10123673]

people can get utility from it without adding any medium to long term net demand

[Anonymous No.10123735]

>>10123426
Highly unlikely that China, Korea, the US, the EU, and every other nation on earth would simultaneously ban the production of ASIC miners. Even if it was banned, the ban would actually incentivize production of ASIC miners in regions where they were not banned, as there would be more profit to be made following the reduced hash rate caused by the ban. Any such ban wouldn't last.

https://jwweatherman.com/#/bitcoinThreatModel#an-attacker-could-threaten-to-harm-bitcoin-mining-hardware-manufacturers-if-they-sell-to-the-public-

[Anonymous No.10124018]

>>10123735
>Highly unlikely that China, Korea, the US, the EU, and every other nation on earth would simultaneously ban the production of ASIC miners

This is an assumption that cannot be stated with certainty. We are entering a period of great change and anything should be interpreted as possible.

Thanks for the link - some good reading material.

ASICs are not necessarily more effective at reaching consensus than GPUs. The physical quantity that matters is energy consumption. A kilowatt of asic miner working on an asic-only POW is just as difficult to 51% attack as a kilowatt of GPUs working on a GPU only coin. The actual number of hashes per second does not matter because energy consumption is the barrier that must be broken. There isn't a literal hole in the ground to be dug with shovels instead of tractors. The point is to prove that the greatest possible number of people were trying to dig.

[Anonymous No.10124361]

>>10123338
Please also provide a source or justification for asics being easier to engineer than GPUs.

[Anonymous No.10124377]

>>10122574
All crypto is junk. There I did it.

[Anonymous No.10124789]

ledger is inspired by sergeys diet

[Anonymous No.10124853]

ASIC resistance is a temporary thing. Once ASICs become as easy to get as GPUs, there won’t be a need for ASIC resistance anymore.