Thanks for sharing this post! :)
this post was submitted on 09 Nov 2023
20 points (77.8% liked)
Monero
1995 readers
22 users here now
This is the lemmy community of Monero (XMR), a secure, private, untraceable currency that is open-source and freely available to all.
Wallets
Android (Cake Wallet) / (Monero.com)
iOS (Cake Wallet) / (Monero.com)
Instance tags for discoverability:
Monero, XMR, crypto, cryptocurrency
founded 2 years ago
MODERATORS
there is a bandwagon mentality to things. people saw it as low hanging fruit to bash in crypto; and easy way to appear smart.
I still think it's near and see it's use case.
There're way more people there so you can expect a more active discussion.
You’re right. I’m new to social media in general, and was misunderstanding that Monero.town is where Monro-related discussions take place on Lemmy. A better interpretation seems to be: Monero.town is for Monero users, while [email protected] is where people talk about (computer) technology in general.
One is for Monero users, so it’s relatively small, quiet and cozy. The other is about technology, including but not limited to cryptocurrencies, so it’s large and busy. Since Monro is a technology, they may talk about it too. Makes sense.
Indeed. According to the subscriber count, 196 people here. Tens of thousands on Lemmy.world
Never seriously checked these stats. As of writing this, [email protected] = 1.05K subscribers and only 8 users / day, that’s the largest community here if I’m not mistaken; whereas [email protected] = 47.1K subscribers, 974 users / day—roughly 100 times bigger, they’re a whale compared with monero.town. It seems our 2nd largest community is [email protected]: only 260 subscribers, 1 user / day. I (Saki) seem to be one of “privacy” mods, whatever it means. Is this a status automatically given after you created a certain number of new posts?
Anyway, I was assuming that most general people were seeing crypto negatively (because crypto-related posts tend to be automatically downvoted, even if it’s just an innocent joke as in memes, or a normal post like “Use p2pool, it’s zero-fee”), and was surprised to see those positive comments from “outsiders” (?). Apparently there are quite a few people who know Bitcoin was originally not like a “get rich quick” scheme, but it was experimental with some deep philosophy; and that Monero is in a way its spiritual successor.
Then again, many people in [email protected] are probably Linux-using geeks. As such they’re tech-savvy, not representing “general people“.
“You have to be quite stupid to support crypto in 2023”
They ain't wrong. Usage of crypto has very much stagnated or declined last few years, and it's now just an Internet phenomenon drifting towards oblivion. Like gopher protocol or web rings.
Lucky ones made some life changing money. The rest have only managed to trap their capital into a dwindling returns game.
Their conclusion might be true in a way, but their “6-point proof” is uninformed if they’re criticizing Monero.
- “All stablecoins are not stable” ← irrelevant to xmr
- “Every non-stable coin is just a bigger fool scam, since there is no use case for crypto” ← what?!
- “Crypto destroys customer protections” ← “no middle men” is what we’re intentionally trying to achieve, at the cost of obvious risk
- “All consensus mechanisms are geared to allow the wealthy to control the crypto economy” ← That’s exactly what Monero is trying to avoid
- “Crypto gives great privacy protections to anonymous criminals and scammers and destroys privacy for anyone using the system as a honest user.” ← the first half is a valid criticism but the whole sentence doesn’t make sense
- “Crypto aims to prevent man-in-the-middle attacks” ← that’s not the main goal of xmr
Either way, Monero is not about making money, if that’s your point of view. Many of us are Monero users, not investors. Correct me if I’m wrong!
@rattie_ok @Saki The goal is a "Peer-to-peer electronic cash system". If and to the degree that such is realized, this goal has society-changing ramifications. It is money that plays by Internet consensus rules, not by coercive governmental ones.
Realizing this goal requires many design choices.
When faced with its (rather obvious) scaling problem, BTC chose not to change its design but rather to rebrand as "store of value" instead of "electronic cash".
That was the death of honest crypto.
Well said. Now, how to make crypto honest again? The masses already know about crypto as a get rich quick scheme, and would not dare touch it. Especially since regulations are closing down fiat ramps.
There's a better probability of goldbacks or silver coins becoming a new currency than Monero. Crypto's reputation is just that bad.
@rattie_ok All we can do is keep Monero honest. It is the only crypto actually being used as currency
Crypto’s reputation is just that bad.
That’s what I was vaguely assuming too. So those rather favorable (pro-privacy) vibes there were unexpected.
I don’t think BTC is all bad, nor XMR is all good, but I think you have a beautiful dream.
Someone once said something like: “A dream without a plan is just a dream.” Then I was like, “A dream with a plan is just a business plan. If you think your dream may well come true, your dream is not big enough.”