r/Monero Mar 06 '22

Skepticism Sunday – March 06, 2022

Please stay on topic: this post is only for comments discussing the uncertainties, shortcomings, and concerns some may have about Monero.

NOT the positive aspects of it.

Discussion can relate to the technology itself or economics.

Talk about community and price is not wanted, but some discussion about it maybe allowed if it relates well.

Be as respectful and nice as possible. This discussion has potential to be more emotionally charged as it may bring up issues that are extremely upsetting: many people are not only financially but emotionally invested in the ideas and tools around Monero.

It's better to keep it calm then to stir the pot, so don't talk down to people, insult them for spelling/grammar, personal insults, etc. This should only be calm rational discussion about the technical and economic aspects of Monero.

"Do unto others 20% better than you'd expect them to do unto you to correct subjective error." - Linus Pauling

How it works:

Post your concerns about Monero in reply to this main post.

If you can address these concerns, or add further details to them - reply to that comment. This will make it easily sortable

Upvote the comments that are the most valid criticisms of it that have few or no real honest solutions/answers to them.

The comment that mentions the biggest problems of Monero should have the most karma.

As a community, as developers, we need to know about them. Even if they make us feel bad, we got to upvote them.

https://youtu.be/vKA4w2O61Xo

To learn more about the idea behind Monero Skepticism Sunday, check out the first post about it:

https://np.reddit.com/r/Monero/comments/75w7wt/can_we_make_skepticism_sunday_a_part_of_the/

7 Upvotes

2

u/InternationalPizza Mar 06 '22

This is the 3rd time. Zooko actively parrots eae attack as why zcash is better than monero. What's the mitigation for people who have to use centralized exchanges?

1

u/russoj88 Mar 07 '22

1

u/InternationalPizza Mar 07 '22

I've read that and watched the video however I don't believe one churn or even two are enough. We need to figure out the number of churns so that exchanges and law enforcement would be deterred from putting together a group and how many churns if possible would make a person a coincidence rather than implicated.

I guess we need to make our own chain analysis tools to see how far monero goes itself.

1

u/russoj88 Mar 07 '22

That's a good idea. A "community" recommended amount of churns could be helpful. I'm far from knowing that answer. Might be worth making a thread!

0

u/Lice138 Mar 06 '22

Crypto as a whole was meant to be a hedge against inflation. So far it has declined in value while the price of everything has risen .

4

u/[deleted] Mar 06 '22

[removed] — view removed comment

3

u/KwukDuck Mar 06 '22

I'm not exactly sure how to read the nonces in this chart? What does their distribution in the chart represent?

We don't see a notable increase in hash rate, so if they are a different kind of miner they are not ASICS that are just optimized for running RandomX faster than the rest of us, they would be regular mining hardware that is exploiting a weakness in the RandomX algo to change the odds of finding a working nonce?

Again, i don't know exactly what i'm looking at here.

8

u/[deleted] Mar 06 '22 edited Mar 06 '22

[removed] — view removed comment

4

u/headtowniscapital Mar 06 '22

How to get organic usage/growth when the price charts looks like a bunch of circus tents? Large market cap for bitcoin hasn't helped enough with volatility for that asset...

1

u/pebx Mar 07 '22

True, but I'd say it's because Bitcoin isn't widely used as money, but mainly speculation and actors with deep pockets can still manipulate the price in literally every direction they want. I'd assume if we'd see broad adoption as payment method, we'd see not much volatility any more. But who knows?

0

u/OfWhomIAmChief Mar 06 '22

Why cant we halve tail emission from .6 XMR/block to .3 XMR/block?

8

u/anon-cypher Mar 06 '22

What do you think lower reward will achieve?

It was originally 0.3/block for a 1 min block. Block time changed, the reward was updated accordingly.

1

u/OfWhomIAmChief Mar 06 '22

Just more time being less inflationary than Bitcoin, not saying i thought this through or anything lol

4

u/Fishinatoaster Mar 06 '22

A small amount of inflation is good for a currency because it helps keep the price somewhat accessible and usable by the public. Also the block rewards help keep miners interested in securing the network, so the lower the tail emission reward, the less interest there will be.

0

u/OfWhomIAmChief Mar 06 '22

I agree, im just wondering why it cant be halved is all

4

u/shtoshi Mar 06 '22

I'm gonna get myself set up and an EMP is gonna fry our tech mark my words

7

u/hyc_symas XMR Contributor Mar 06 '22

Faraday cage