monero: 2 minutes blocktime
bitcoin: 10 minutes blocktime

why in the fuk u pulling numbers out of your ass dude, like...

and again, zero-conf is literally instant
you clearly never used zero-conf and keep trying to gaslight about some random numbers you making up

Already told you that you're confused between initiating a transaction and finalizing transaction, which is slighty not the same for everyday shopping, do u fk understand ? double spending etc. lol
but I am the clueless one, sure my genius. making up numbers from their own web site lmk https://www.monero.how/how-long-do-monero-transactions-take

Anyways it doesn't matter much, mainstream blockchains such as solana completely destroy monero in the everyday usecase. faster, cheaper, and much more useful to the whole ecosystem aswell.


btw, monerujo is an open source monero exclusive wallet, and here is the team behind it. Says a lot about xmr community imo



This post was edited by Melatonina on Jan 4 2024 07:09pm

everyday shopping doesnt care about "finalizing transaction"
0conf dont care about waiting 10 blocks

you never purchased anything on shopbinbit, coincards or any merchants accepting monero else you would know that literally not a single merchant is waiting "10 conf"
the locktime is also to be removed, there's a whole github thread about it initatied by ercicionne for haveno's UX like couple years ago or so

in everyday use, it doesnt even matter since people have "change", you can make change on your own as well, the locktime is completely irrelevant in real world scenario and again is being removed anyways



This post was edited by derpykitty on Jan 4 2024 07:36pm

Right, so how come they're talking about a L2 in their roadmap to increase scalability, aswell as this


"However, it is not enough to rely on that announcement, because the sender could make multiple such announcements in an attempt to 'double spend' their funds.
---
Note that to support "microtransactions", Bitcoin and Monero are likely to support systems like the "Lightning network" in order to radically reduce the cost of small payments in the future"
https://www.monero.how/how-long-do-monero-transactions-take

I don't know everything so I'm just asking. And yeah, never used monero in my life for online payments, it's just not needed.

the comics you posted is funny but not accurate,
1 without priv key robbing a ledger is useless
2 btc is made for value storage, not every day payments. we don't care about fast transfers we want secured transfers above everything.
that's like if you were about to compare yourself with the disabled boy of the classroom .. suits well the xmr community tbh
3 learn 2 mix if ur that paranoïd case solved

This post was edited by Melatonina on Jan 4 2024 08:08pm

it has been brought up but the consensus stays that it's not needed and pretty much "fuck that"

the bottleneck isnt the blockchain itself since monero has dynamic blocksize and can pretty much scale to infinite (bitcoin has fixed size blocks hence the tx/s limitation and the debate with btc split with bch to increase the blocksize which satoshi was also in favor for)
the bottleneck would be internet speed / ssd speeds, which... putting drives in RAID can increase their speed, using multiple WAN and setting networks in LAGG or whatever can increase internet speeds, the technology on that end keeps evolving as well, however if adoption such as the mastercard network were to ever happen, a phone most likely wouldnt be able to be a full node no more, could still have the storage space and the ssd speed maybe (UFS 3.1 / UFS 4.0 are as fast as NVMe drives), bottleneck would be the internet speed, vps would still be able to, home networks would still be able to but regular joe and jane on that pixel phone or iphone or whatever would have to use remote node most likely in such scenario, a layer 2 would alleviate the transactions happening on layer 1 to save like some disk space or whatever to help reduce the requirement to run a full node

so yeah overall the consensus is that, there is no need for that or at least definitely not something worth working on and using dev resources on that which, who even knows what type of hardware will be in the future when it might maybe have some sort of usecase but not really


right because spending hundred of millions of dollars in doing a whole network attack to trying to doublespend when purchasing a coffee is totally worth it
in all seriousness, real world scenario, 0-conf is safe
if wanting to do an expensive purchase like buying a car, house of whatever, definitely got the time to wait couple confirmations "just in case" while signing the lease or whatever





the fungibility graveyard link does list quite a few instances when using mixer ends up in funds being flagged as tainted and blocked
even bitcointalk few weeks ago started not allowing mixers posts anymore on their forum
then there was the whole tornadocash thing with a dev getting arrested or whatever cause "oh no, he contributed to a software that north korea doing the money laundering thing with"
mixers aint safe and shouldnt be used, just use layer 1 fungible currency like actual cash instead...

This post was edited by derpykitty on Jan 4 2024 09:05pm

wow I forgot about this https://forums.d2jsp.org/topic.php?t=102852181&f=383

easy alternative, instant transfer, no doublespend, no 51% attack available. just wow

and don't even get me started on memes



This post was edited by Melatonina on Jan 5 2024 01:24am

jsp can't have a cryptocurrency else it will officially break the blizzard ToS or whatever grey area it's been about
the reason being that it's not something that is "officially real money" even tho some people buying it with fiat or whatever

like u would even care tbh, bet u haven't even played the ladder reset
i dont even know wtf u still doing on that forum except for shitposting

You say out of your binarity that monero is the only worthy one, price action says a complete different story bu Im the one shitposting lmao

it has been the most stable, you admited that yourself before, like comparing it to a "stablecoin" even
2 days ago:
https://www.binance.com/en/support/announcement/binance-will-extend-the-monitoring-tag-to-include-ant-firo-kp3r-mdx-mob-reef-vai-xmr-zec-zen-and-remove-the-seed-tag-for-gmx-sushi-on-2024-01-04-fd710b5e647c480ab9fe2d87e3cd4b39
binance adding a scary tag of "high volatility" that people have to answer a questionaire if they want to trade it
that's gaslighting and price manipulation at it's finest:
https://old.reddit.com/r/Monero/comments/18yai0b/binance_placed_xmr_in_readytodelist_zone/



when the delisting finally happen, if it ever does (am still skeptical if they ever will cause they love doing the whole price manipulation and imo aintnoway they'll give that up and will just keep the charade going with scary tags of "high volatility" (which you would agree is a complete lie after calling it a stablecoin)), like, if it does ever happen, there will finally be real price discovery

https://moneroj.net/metcalfeusd/
fun fact, price started diverging from metcalfe's law when binance started listing it else expected price would have been like $5k in 2022, price manipulation from cex doing it's thing tho ya know:

I admit it's a stablecoin, in fact it doesn't even beat usdt lmao and let's not talk about better conf cryptos that came out lately





Nice 1 theory bro. In reality though it's only binance trying to be compliant with dumbass us regulation, why don't you blame them instead ?