Home Altcoins News 20-30% rise in price of everyday stuff Monero (XMR) Bitcoin and Digital Stores of Value

20-30% rise in price of everyday stuff Monero (XMR) Bitcoin and Digital Stores of Value

20-30% rise in price of everyday stuff Monero (XMR) Bitcoin and Digital Stores of Value

Nam Sardar expressed:  Just went grocery shopping. Noticed a 20-30% rise in price of everyday stuff on average. As I walked through the grocery Isles, I seriously wondered how non-crypto people are doing. We must educate our non-crypto friends on digital stores of value.

If fiat money causes the greatest destruction of human rights, Monero and Bitcoin are defenders of human rights. We are living through a turning point in monetary history. Make sure to be on the right side.

Fungibility could become the most looked up word in cryptoverse soon.  She further pointed to how Bitcoin was first adopted as a privacy coin and how XMR quashed the narrative.

Trustless systems lead to greater trust between humans Monero operates with the least trust requirement of all digital assets; two parties to a tx do not need to trust each other’s historical txs Taintless coins, greater trust between humans, foundation of a caring society.

When someone asked Sardar:  Do you have concerns regarding the security of Monero’s network, since a 51% attack would be much easier than the same on Bitcoin’s? As you know, there have been a few such attacks lately to other coins.

Sardar replied:  That is a risk for any blockchain. But Monero is arguably a lot more decentralized due to RandomX that allows CPU mining. It would be hard to pull that off (IMO) on an ASIC `-resistant mined coin like Monero.

Yet someone else stepped in to clarify, It is theoretically possible, but not likely given how dominant Monero is with CPUs. The coins that dominate their mining hardware are the most resilient. Bitcoin – ASIC, Ethereum – GPU, Monero – CPU.

And with the advent of p2pool, there is no more threat from a 50+% mining pool. Also we have already seen how a State can affect the Bitcoin mining network more than Monero’s. Easier to shutdown/influence ASIC farms run by CO’s than to stop individuals mining with CPUs.

Until p2pool itself is 50% of the hash rate, the threat will unfortunately always be there.

I would say it’s the lack of necessity for trust between humans that leads to more harmonious and effective human cooperation.

Question. Do any of us need regulators or patents when transparency and right of intellectual property can be ledgerized on the block chain? I don’t think so. That is why they are strong arming Reggie. In my opinion, at least.

Yet someone else was like, Zcash, Monero, and Grin are all interesting in their own right. Zcash – most advanced, but premines, dev rewards + opt-in privacy killed it Monero – the best in practical terms, but unscalable & centralized around a few devs Grin – most scalable, but still premature

 

 

 

 

 

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dan saada

Dan hold a master of finance from the ISEG (France) , Dan is also a Fan of cryptocurrencies and mining. Send a tip to: 0x4C6D67705aF449f0C0102D4C7C693ad4A64926e9

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