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47 sats \ 1 reply \ @sandbeach123old 22 Aug 2022 \ on: If people cared about privacy, Monero would have a higher value than dog tokens. bitcoin

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.

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20 sats \ 0 replies \ @allark 23 Aug 2022

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

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