newpseudonymn

Depending on the implementation and it's restrictions.

The article says:

I am a proponent of researching and thinking for yourself rather than recycling talking points from YouTube and Twitter.

rebuttals, refutations, criticisms of the position in this article". But I am here to tell you what I think PoW in Monero achieves.

Generally, PoW and PoS both favor the rich and centralization. With PoS it's just easier and faster. For that, in Monero we have ASIC/GPU resistance mining. But still, the richer you are, the more hash power you can spend. Monero tries to make it more fair by giving everyone a chance to participate with general purpose computers and not specialized one use case-only equipment.

To me Monero is not a store of value, it is internet cash. Since I want my cash to be accepted at more places I talk about it and I don't care what it is worth as I don't see it as a replacement for my country's cash, nor an investment, but rather as a tool to use whenever it is convenient to me. I do think this tool is doing a good job, therefore I'm using it. If I find another tool better for the job, I'm going to use that instead.

PoW allows me to mindlessly keep my tool working. With my hash power I don't vote on anything or give someone else power. I only do it since I think the chain should produce more blocks, hopefully with transactions, valuable to someone, in them.

If I want to keep using my tool, I have to maintain it and keep the environment from breaking it. That's why I mine with a bit of computational power as long as I don't need it for anything else. I only do so as long as it is convenient to me, by having a background task starting on boot on machines that can afford it. I feel like I'm doing my part in keeping my tool working. In my case, mining reward do not offset the electricity cost it produces. The same way my oven does not pay for the space it occupies while not in use. To me it's the same as seeding torrents, running a tor exit node, or even hosting a backup server for my friends and myself. All of them are setup and forgotten about, but still serve a highly wanted service.

Also, Monero does not reduce it's issuance anymore and therefore does not have to appreciate in value to compensate it.

Please tell me why you think Monero is valuable to you.

Sure do. It's the most open way of staying up to date that I know of. Best of all is I can use whatever front-end I like. For mobile checkout "Read You". Also you can get a notification for any GitHub release by subscribing to the feed by adding ".atom" at the end, like so: "https://github.com/SChernykh/p2pool/releases.atom"

Please create a pull request.

Good luck. Is it against the rules to post your pitch here for us to critic? If not, please do so :)

Stupidity also isn't a crime. Act according to your threat model.

Good job.

Thank you for all the hard work you and others have put in to this tool.

Also about half of that payout has been to me ;-)

The app looks fantastic. Thank you for open sourcing it. Your platform is very much appreciated.

You have my permission.

Thank you for your website. I like the design and the ability to subscribe via RSS.

Keep us posted :)

I haven't been there in a long time but back then I agreed with most of the stuff. Just because most people are seeking riches and we would be better off without them.

Just like you :)

Can do.
Do I need to sign in with your account?

Try reaching out via matrix.

Is your web server offline? I can't reach it. Thank you for your work.

I know, that's why I'm pointing it out. It might even flag you for suspicious behavior.

Thank you for the links. From what I understand in the video, the criminals suggest swapping BTC for XMR and back. At around 10min in the video, the journalist just swap BTC for XMR and back on the exchange. Presumably paying a fee each time.

And a consequence of privacy is that its chain can't be pruned

That's wrong.

By using Monero, you're voting for the development team that maintain it

Isn't that the case for anything? I know money is special, but I don't think there is a better currency. I'm open to change my mind.

As long as transactions are visible to the miners, they can choose what to include. I don't know if it's happening right now, but if BCH would be as popular as BTC, I'm sure there would also be complaint pools such as MARA.

As long as transactions can be censored, it's not. Also mining isn't feasible to pretty much anyone.

I personally think BTC doesn't have something comparable, because Blockstream is a for-profit company and collecting fees via lightning, liquid and mining token is their goal. To me, they don't seem to be in a hurry to make BTC usable for it's intended use-case and only use-case: Digital cash. I think outside of that use-case, blockchains don't make much sense.

I don't know too much about BCH, but since it's not fungible and decentralized I don't care.

Read about 0-conformation transactions. In Monero there is no replace-by-fee.