/biz/ - Business & Finance

>>29229344
This is the actual answer: >>29230509
Remember that monero is not a bitcoin clone and therefore behaves differently. It is absurdly rare for a transaction to enter the mempool (transaction queue) and not be confirmed within the next 5 minutes in the monero network. For transactions in small nominal amounts (e.g. under $500) it is more than acceptable not to wait any confirmation. For larger amounts, if you want greater peace of mind, wait for 1 confirmation within the next 5 minutes and that's it.

>>29036752
>Is there really a benefit from one over the other?
For me there are two major advantages to using the wallet via the command line: 1) unrestricted access to all possible commands that interact with the protocol. You have much more flexibility in managing your monero. 2) Command-line wallets are future-proof: the GUI may change its design in the future and its functionality could be a bit different -- the CLI is unlikely to change much. This means that within my backup plan and the instruction manual that exists in my will, I won't need to worry about software changing and my instructions no longer being effective. And besides, the CLI honestly isn't that hard. People get scared of the command line but if you're not a complete idiot, it's relatively simple. I believe that if you really want to be your own bank and custodian of your wealth, there is value in becoming comfortable with the command line. If you're only here to make more dollars in the near future and have no interest in using this technology long term, it's easier to leave everything in a hot wallet on your phone.

>>28799210
>Unironically Monero
Right answer.

>>28799510
>monero won't survive crypto regulation
Literal FUD. It's not going to happen. Tor is the the main and mostly only door to darknet markets and pedophilia and it's not banned nor regulated. Shut the fuck up.

>>28800984
Haircomb? I swear to God you're one of those Bytecoin scammers who release CryptoNote coins by pushing a button on a website, aren't you? And don't talk as if hard cap was something good. It's not. Bitcoin already has a hard cap and will try to survive on a fee market, we will see how this shit goes. Monero has a minimal but stable emission that will reach 0.6 XMR per block. At least miners will always have a reward.
And please, nigga, the day "quantum computer comes" (lmao what does that even mean you ignoramus) monero and bitcoin will just shift to a similar protocol with added resistance.