Why #Monero, besides inability of governments or organizations to track and potentially target transactions or users? (And why other coins, if there's Monero?)
Monero has:
· no CEO
· no vulnerable corporate presence, anonymous core developers not subject to US/EU regulatory pressure or intimidation
· not overly-concerned with compliance, privacy is prioritized in every consideration regardless of the consequences
· fully private at protocol level (no "optional privacy"), all transactions look the same, transparency is strictly opt-in
· auto-shielded IP addresses
· uses established, well-understood, battle-tested and thus reliable cryptography (as may be opposed to novel, experimental, much less understood and thus potentially flawed cryptography of some newer coins)
· modular approach to privacy = no single point of failure
· proven track record, 10+ years of sustained darknet usage with 0–1 users traced, has notably foiled the FBI, Europol & the IRS
· no suspected backdoors
· no dev tax i.e. "founder's reward/community development fund", conditional donation-based dev funding gives the community more leverage and keeps devs disciplined
·wasn't designed to systematically enrich founders, wasn't pre-mined, whales have either mined or bought their coins like everybody else
· not transitioning to Proof-of-Stake. PoS is much more environmentally friendly, yet PoW still has a proven 10+ year track record while consumer-grade CPU mining remains the most anonymous, most permissionless way of acquiring coins
· ASIC resistance (greater hash rate decentralization because of ineffectiveness of pool mining)
· tail emission
· dynamic blocksize
· low inflation
· ever-increasing real-world adoption, actually displacing even more popular crypto (BTC, USDt, ETH) in OPSEC-critical markets, endorsed by the DNM Bible
· growing criminal adoption = infinitely more street cred + law enforcement/regulator hostility = additional battle-hardening
· has a good reputation, widely admired and respected by non-hodlers, has enough traction, activism, enthusiasm
· no trademark restrictions, no pandering to the Establishment, has steadfastly remained true to crypto's anti-authoritarian free market cypherpunk ideals
· one of the most successful Esperanto agitation
now this is not anti-btc or anti-usdt, this is just and only a list of some cool strengths xmr has. I think that the point of cryptographic resistance lies in the «crypto vs banks», not «my-favorite-coin vs banks and shitcoins».
we all should invest in #bitcoin, purchase anonymously with #monero, use smart contracts based on #etherium, drop down fees by #litecoin, stay safe from price crashes in #usdt, lower carbon emissions with #solana, invest in agorism with #ripple, share small support every day using #sats, and even make such great things possible as decentralized end-to-end encrypted lightning-fast ridiculously cheap cloud drive with #storj* or canceling Sybil attack possibility in decentralized chats with #oxen* (future session tokens).
in other words, unionize cryptoanarchists, don't divide them. there is no "best" coin in the center — decentralize the decentralized currency sentiments.
just don't buy #HAWKTUAH.
*this is not #sponsored, I just love to yap about decentralized apps
#crypto #cryptocurrency #btc #xmr #opinion
