/biz/ - Business & Finance

https://www.youtube.com/watch?v=3giTYRttoRQ

Monero will win.

https://i.4cdn.org/wsg/1709607318654149.webm

>>53591966
Wrong.

>>53300915
Monero will only win once we have cleaned house of the class enemies of Monerochan.

https://i.4cdn.org/wsg/1673893233739323.webm

When you talk to people about why fungibility and privacy matter they treat it as some quaint little fixation you have and not as an actually integral part of sound money. Ethereum having zero layer-1 privacy makes it incredibly vulnerable to censorship. Combined with the fact that 95% of """defi""" is centralized and you have a high-fragility, globohomo abomination. Same problems Bitcoin has to a lesser extent. And even beyond the direct censorship problems we now have the hilarity of the mass dusting attack where some madlad has been sending Tornado Cash to hundreds of whale wallets and celebrities and getting them blacklisted from Aave, Uniswap, etc.

Turns out fungibility isn't some quaint, niche property that's only useful for drug dealers or privacy fetishists.

>>50568058
PoW seperates the consensus mechanism/security model from the actual coins themselves. As an incentive miners are paid in coins so that they make money doing so, but the actual coins themselves have no "use" internally to the system. You trade them or buy stuff with them. Because the coins themselves have no relation to the security model, you don't have to worry about whale bag percentages or even market sentiments.

In PoS the coins in part operate as the security model, it is a circular system. The argument for it is that it prevents spending large amounts of electricity (contrary to popular belief, PoS has no relation to throughput and does not increase TPS numbers whatsoever). The problem of having a "circular" and largely internal security system like this is that you have absolutely no way knowing what (large) coin holders have long or short positions on the underlying asset. Both the existence of derivatives (e.g. shorts, longs, futures contracts, etc.) and the fact that so many coins are held by exchanges turns the security model on it's head. For example a financially insolvent exchange might not have enough coins to pay off a large hole in it's balance sheets but it could hypothetically have enough coins to enter a massive short position and then use all the coins under it's control to vote to harm the network, collapsing it's value but making the short seller a larger profit than just acting honestly.

Furthermore, you cannot have permissionless onboarding in a PoS system, as the only way to get coins is to be given them by someone else who has them. IN a PoW system, it is not possible to gatekeep people out of the network because no one can stop you from mining your own coins independent of if you got blacklisted from every single exchange, dex, and even person on the entire planet. PoS and PoW are fundamentally distinguised as being a
>permissioned
system versus a
>permissionless
system

>>50010835
>How much would you pay for a Monero chan illustration?
More than I'd care to admit.

Solana is fake crypto anyways. Anyone who uses it deserves this kind of shit. If you want centralized "crypto" you're going to have to deal with centralized decisions. Same shit with Hedera Hashgraph, I remember some VC whale wallet tried moving funds to Binance and they used their nodes to forcibly move it back to their wallet so they couldn't dump.

This shit is hilarious to me.

Saylor pic not related of course.