Thread - Nostr Hypermedia

vinney...axkl vcavallo@vinneycavallo.com 2 months ago

convenience always comes at a cost, as i know you understand. one suggestion for the 'cost' of monero's privacy conxenience is gresham's law in reverse. yea you can hold the hardest money that will displace all others and swap to monero for private transactions (i personally think this is rather great and wallets like StackDuo are nice), but now you're starting to move away from the simple '1step' sidewalk meme you posted - stepping away from convenience... and once you're doing that you might as well consider cashu and see where that nets out in the tradeoffs between privacy/custody/money-hardness. the disclaimer here is that i am a fan of monero. but the tradeoffs are not as simple as you claim.

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Replies (3)

Jordan S Jordan@nostr.land 1 month ago

Right now for the next 16 years, Monero could be considered the harder money, as the monero rewards granted for mining are now gone. It has a supply of 18.4 million, and is only CPU minable which theoretically is a more difficult task since the hardware isn't specialized for mining. Tail emissions offset lost coins, and incentivize miners to maintain the network. Personally, I see utility over theoretical value. And swapping usually tends to be the vulnerability in opsec. For me obviously, I wouldn't be buying anything that requires good opsec but I'd prefer to maintain transaction privacy as a given principle rather than as an assumed luxury.

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vinney...axkl vcavallo@vinneycavallo.com 1 month ago

what's the 16 years about?

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Jordan S Jordan@nostr.land 1 month ago

Right now given current protocol rules, and estimated block time, under Monero's current fork tails emissions produce 0.6 every two minutes, of course this could change in the future, however under the current rules, and projections it's estimated the monero won't pass 21 Million coins in supply until around 2040, which is about ~16 years from now.