Crap, i forgot about last week. Time for another Skepticism Sunday!

Stay on topic:

  • This thread 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 its 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.

How it works:

  1. Post your concerns about Monero in reply to this thread.

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

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

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

The first principle is that you must not fool yourself — and you are the easiest person to fool.

  • LobYonderEnglish
    2·
    30 days ago

    Hidden amongst all your bullshit (which Bobr has dissected) you do have a few reasonable points

    barely handle the transaction throughput of Visa

    Firstly that’s a non-sequitur, you don’t need Visa throughput to be a currency, but scalability is a genuine issue in the long term. That will need a 2nd layer technology, probably using sharding or other approach for more parallelism and throughput.

    Monero is confusing for average people

    Generally true. Any self-custody solution will be more complex than just trusting a bank service, but substantial UI improvements can be made and some trusted simple apps will develop.

    Monero is centralized

    There is currently a small group of developers and researchers, but they are distributed geographically and not connected except by their involvement in the project. All hosting and communication occurs on multiple platforms, including distributed ones like this one. It’s one of the most decentralized open-source projects around, certainly far better than BTC or ETH for example.

    will not be allowed to be hard-forked

    Bullshit, no-one can prevent hard-forks. Both source-forks and chain-forks can be created by anyone. That is a concern actually as bad actors can cause confusion.

    community can’t decided unilaterally … technical stagnation

    It will be the reverse. Unanimity or a centralized foundation would cause stagnation. Monero has had forks in the past, and it will have more in the future. That guarantees technical innovation. Customers will choose their preferred version. It’s a free market for currency innovation.