I bet Monero would be Market Cap nr.3 but they probably have a bug in their unique tag which leads to an inflation bug that nobody has discovered yet. That's what happens when you choose the complicated cryptography stuff instead of simplicity and elegance of Bitcoin and solving stuff in L2.
I'm just waiting for a practical implementation of both sides of atomic-swaps in normal wallets and at that point Monero will just become a seamless Bitcoin privacy side-channel...
Simple, people care about other things too.
IMHO the causes that justify that are quite a few, from the more technical to less:
Codebase less known than BTC, BTC types (ltc, doge) and ERC20 tokens.
Less plug and play node options.
Devs less known, seems a small group acording to the MRL chat activity and GH-GL.
Mining less profitable (unless with a botnet)
Wallet blockchain sync is way slower (and prone to fail) than all BTC wallets (node, neutrino, electrum, SPV, custodial). Syncing up a mobile monero wallet on the street with low connectivity after a few days of inactivity is a real challenge (+30 minutes from my experience using TOR)
Coins are unsusable before 10 confirmations, including change coins.
Institutions less likely to adopt/accept it.
Less diffusion among newcomers.
Bitcoin scores better in every single point.
A dog coin scores better in at least 5 points.
Privacy is important and I appreciate monero for that, but there are many other relevant aspects.
Again IMHO.
Privacy only gets priced in once they start making an example of a few people, theres a lot of people doxing themselves so plenty of low hanging fruit to go after just make sure you're not one of them
I bet Monero would be Market Cap nr.3 but they probably have a bug in their unique tag which leads to an inflation bug that nobody has discovered yet. That's what happens when you choose the complicated cryptography stuff instead of simplicity and elegance of Bitcoin and solving stuff in L2.
I'm just waiting for a practical implementation of both sides of atomic-swaps in normal wallets and at that point Monero will just become a seamless Bitcoin privacy side-channel...
Simple, people care about other things too. IMHO the causes that justify that are quite a few, from the more technical to less:
Bitcoin scores better in every single point. A dog coin scores better in at least 5 points. Privacy is important and I appreciate monero for that, but there are many other relevant aspects. Again IMHO.
Very reasonable post :)
Have you tried syncing after the recent update? Now it syncs super fast.
With you on the confirmation lock though. That definitely needs optimization.
Tommy from https://allark.io
why so much monero propaganda on a bitcoin website.
https://i.kym-cdn.com/photos/images/newsfeed/000/915/652/b49.gif
FUCKING DOG COINS REEEEEEEEEEE
Privacy only gets priced in once they start making an example of a few people, theres a lot of people doxing themselves so plenty of low hanging fruit to go after just make sure you're not one of them
Commenting here after the arrest of the Samourai Wallet devs and the shutdown of Whirlpool.
Most people wont care about privacy or decentralization until its too late i think
"without comparison"
Dog Coins (shitcoin) is the whales' speculative playground. Don't fall for the trickster's tale.
Monero will gain a lot of visibility with time and adherence
It seems like everybody forgot about mimblewimble by now. GRIN deserves more love.
It is not all about price. The supply matters also.
We support Monero on our store, BTC and Lightning too :)
Tommy from https://allark.io