Monero's Big Fat Problem
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In this video, I discuss Monero's growing issues with blockchain bloat (caused by ring signatures and other privacy features), as well as its vulnerability to an attack by a hired army of CPUs.
By contrast, Bitcoin seeks to keep the blockchain as small as possible, while still preserving security, in order to keep the node network as decentralized as possible.
If Monero ever achieved widespread adoption, the blockchain bloat would become intolerable. Commercial mining of Monero would also take off and eclipse Monero home miners.
When it comes to engineering and real life, there are always trade-offs. Bitcoin has chosen not to embrace better privacy at the base layer for very good reasons.
Monero will never catch up to Bitcoin. This suggests that more members of the Monero community should defect to Bitcoin (like Seth For Privacy already did), and help us build better privacy on top of Bitcoin.
Not investment advice! Consult a financial advisor.
"ASIC Resistance" Is Just Plain Silly (Bitcoin vs. Monero):
"ASIC Resistance" Is Just Plain Silly...
Monero monthly blockchain growth:
https://localmonero.co/blocks/stats/b...
J&J Snack Foods:
https://finance.yahoo.com/quote/JJSF?...
https://en.wikipedia.org/wiki/J%26J_S...
Howard Chu (hyc):
Twitter: hyc_symas
https://www.monerooutreach.org/storie...
My discussion thread with hyc:
Twitter: 1649124991223611393
Zcash blockchain getting spammed:
https://twitter.com/lopp/status/15777...
https://blockchair.com/zcash/charts/b...
Binance admits that Zcash has a company behind it:
https://www.binance.com/en/news/top/7...
https://www.crunchbase.com/organizati...
Looks like Electric Coin has been issuing unregistered securities to fund itself:
https://electriccoin.co/blog/funding/
Crypto and the Howey Test:
https://decrypt.co/125761/crypto-proj...
I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos.
My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.
#monero
#bitcoin
#zcash
Disclaimer
Neither Bitcoin University, nor any of its directors, officers, shareholders, personnel, representatives, agents, or independent contractors (collectively, the “Operator Parties”) are licensed financial advisors, registered investment advisors, or registered broker-dealers. None of the Operator Parties are providing investment, financial, legal, or tax advice, and nothing in this video or at www.Trader.University (henceforth, “the Site”) should be construed as such by you. This video and the Site should be used as educational tools only and are not replacements for professional investment advice. There is a high risk in trading.
https://www.trader.university/courses...
Use the discount code YT99 to get the best price.
In this video, I discuss Monero's growing issues with blockchain bloat (caused by ring signatures and other privacy features), as well as its vulnerability to an attack by a hired army of CPUs.
By contrast, Bitcoin seeks to keep the blockchain as small as possible, while still preserving security, in order to keep the node network as decentralized as possible.
If Monero ever achieved widespread adoption, the blockchain bloat would become intolerable. Commercial mining of Monero would also take off and eclipse Monero home miners.
When it comes to engineering and real life, there are always trade-offs. Bitcoin has chosen not to embrace better privacy at the base layer for very good reasons.
Monero will never catch up to Bitcoin. This suggests that more members of the Monero community should defect to Bitcoin (like Seth For Privacy already did), and help us build better privacy on top of Bitcoin.
Not investment advice! Consult a financial advisor.
"ASIC Resistance" Is Just Plain Silly (Bitcoin vs. Monero):
"ASIC Resistance" Is Just Plain Silly...
Monero monthly blockchain growth:
https://localmonero.co/blocks/stats/b...
J&J Snack Foods:
https://finance.yahoo.com/quote/JJSF?...
https://en.wikipedia.org/wiki/J%26J_S...
Howard Chu (hyc):
Twitter: hyc_symas
https://www.monerooutreach.org/storie...
My discussion thread with hyc:
Twitter: 1649124991223611393
Zcash blockchain getting spammed:
https://twitter.com/lopp/status/15777...
https://blockchair.com/zcash/charts/b...
Binance admits that Zcash has a company behind it:
https://www.binance.com/en/news/top/7...
https://www.crunchbase.com/organizati...
Looks like Electric Coin has been issuing unregistered securities to fund itself:
https://electriccoin.co/blog/funding/
Crypto and the Howey Test:
https://decrypt.co/125761/crypto-proj...
I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos.
My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.
#monero
#bitcoin
#zcash
Disclaimer
Neither Bitcoin University, nor any of its directors, officers, shareholders, personnel, representatives, agents, or independent contractors (collectively, the “Operator Parties”) are licensed financial advisors, registered investment advisors, or registered broker-dealers. None of the Operator Parties are providing investment, financial, legal, or tax advice, and nothing in this video or at www.Trader.University (henceforth, “the Site”) should be construed as such by you. This video and the Site should be used as educational tools only and are not replacements for professional investment advice. There is a high risk in trading.
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