alt Hacker NewsI'll echo the sentiment that Monero seems like the "best" cryptocurrency in that it has all of the benefits of Bitcoin + actual privacy.
And interestingly, it's one of the least-used least-hyped options. It's as though we didn't actually want privacy in our money system.
I think a hint into this is actually in one of these posted features: https://repo.getmonero.org/monero-project/ccs-proposals/-/me...
One of the reasons for building a proper payments system is "Casino games"...
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> interestingly, it's one of the least-used least-hyped options. It's as though we didn't actually want privacy in our money system.
There is lots of interest from individuals. But governments all around the world have done their best to suppress it. They indeed do not like privacy and independence. They are the ones who sued and pressured exchanges into delisting Monero.
Monero is far more bloated than Bitcoin, paying a high price for its privacy features, most of which can be had while making even Bitcoin look bloated [1].
[1] https://np.reddit.com/r/grincoin/comments/mu88ow/comment/gv6...
Part of the reason is that you can’t buy it on Coinbase.
Coinbase doesnt sell it which annoys me, but probably due to legal regulation I am sure. Its a shame too, I think its probably one of the most interesting cryptocurrencies.
Privacy is available in bitcoin as a layer-2 solution such as Lightning. When Trump made the popular and media-broadcast bitcoin transaction during his campaign, he did so over lightning. Privacy alone is thus not a big reason to abandon bitcoin and move over to another chain.
It seems that many high-quality things (or otherwise aspirational things) take on Esperanto names (disclosure, I am an Esperantist). While Monero is no doubt a cool crypto-currency, it is even cooler that it has inspired some crypto-curious people to learn Esperanto[1] instead!
While I am here, I might as well give you a brief Esperanto lesson. Mono = money, ero = piece/quantum. So, "pano" = bread, "panero" = bread-crumb. Thus, "monero" = coin.
Many previous international currencies (all of them created with Swiss involvement), were also given Esperanto names: Spesmilo (thousand speso's (speso is analogous to "penny")), Stelo (star).
There is even a luxury watch-brand (from Switzerland) called "Movado", which is Esperanto for "Movement" (made back when watches were made with mechanical movements).
And I also learned, from the linked thread (disclosure, I am a participant), that there is a soft-drink called "Mirinda". This is an adjective that means "awe-worthy".
[1]: https://www.reddit.com/r/Esperanto/comments/1sobiko/comment/...