Nigga neither Monero nor Zcash is quantum resistant.
Zcash has made progress on quantum recovery, but the recovery protocol isn’t fully implemented. You’re shitting on Monero for not solving a problem Zcash hasn’t solved either.
I think Monero has value and is probably oversold but ultimately has a lower TAM than Zcash
At first I was a Monero maxi bc I believed in the absolutist view of privacy. All transactions have to be private or else the leakage makes the system non viable
I’ve come around. Money is a social technology. It exists within the context of our society and institutions
Look at a private Swiss bank account. What’s so dope about it? The fact that it’s still a fully functional bank account. The fact you can buy groceries, pay your mortgage, etc… all from the bank account is what makes it dope. If the Swiss account was rejected in 19/20 venues, or you could only buy drugs with it, it would be inherently less valuable
This is the root issue with Monero. Is it private money? Yes. Is it good private money? No, or at least it’s less useful private money. Institutions cannot come around to integrating Monero for the simple fact that sometimes in society, you just have to prove your money is not from terrorist money laundering
Monero is also just less competent than Zcash, which matters during this time of AI stress. No formal verification, No quantum resistance, FCMP++ is cool but on an unknown timeline, etc…
@Nespurebla That explains gold’s premium, but not Bitcoin’s over Monero. Both are barely a decade apart. The more interesting question is whether the market values money for its monetary properties or for the expectation that someone else will pay more for it.
If Bitcoin is digital gold and Monero is digital cash, why does the market value the gold 500 times more than the cash everyone actually needs?
Genuinely curious what the endgame is here.
Lady Justice carries scales, yet wears a blindfold. She needs to weigh the evidence without letting the wealth or status of the person before her change its weight. The same act should receive the same judgment, whoever committed it.
There’s an admission in that blindfold: we don’t entirely trust ourselves to treat people equally when we can tell them apart. Impartiality takes more than good intentions.
I think about that when people question why Monero needs privacy. How interchangeable can money really be if every coin comes with a history someone can hold against it?
$XMR
-Mr. Moleius Maximus