@proedie I won't blame you, if you just want to spend it easily right now. 🙂 But if you want to keep it as some form of #cryptocurrency then #monero is better than #bitcoin due to the #privacy and #fungibility aspects.
@proedie swap it to #monero to get #privacy and #fungibility

@msokiovt granted the #USD's sole value has always been it's #fungibility.

So when the #HousingBubble bursted in 2008 the USA was quick to divert attention to places like #Greece which are way healthier in terms of #economy before #austerity #politricks because >80% of all greek citizens at the time owned their home (or cohabilitated with the homeowner and thus weren't tennants!)...

And until every "#Normie" (regardless if #WageWorker or #Precariat) gets that #SystemChangeNotClimateChange isn't "revolutionary" but a necessity for the #survival of #humanity shit won't change!

#USpol #capitalism #crapitalism #fascism

@maikel basically, it boils down to the few key features of #Monero:

1. #Anonymity & #Privacy: Unlike with any other #cryptocurrency (aka. #Shitcoins) it's not just pseudonymous in that there is no mandatory linkage between individuals & their wallets, but the entire transaction history and balance is hidden. Unlike say #Bitcoin or #Ethereum one cannot track the coins from the moment of mining to their destination.

2. Speed: Monero's network does mine one block every 2 minutes. After 10 blocks any transfered balance gets unlocked for spending. That means that a transfer is completed at worst within 6 minutes and the balance is being unlocked at worst after 24 minutes. This makes it faster than Instant-#SEPA which only has a 1 hour SLA.

3. #Fungibility: Like #cash all it's coins are equal, since they cannot be tracked. This makes Monero the digital equivalent of cash.

4. #Scalability & #Stability: Monero adaptively self-adjusts block sizes and mining difficulty based upon demand (transactions in it's mempool aka. requested transactions that have to be added to the blockchain) and supply (total blockchain hashrate). Unlike Bitcoin and Ethereum it has a fixed Tail Emission Rate of at least 0,6 #XMR (Monero) per block, so the miners solving it get at least 0,6 XMR (+ transaction fees), which is a longterm stable rate. Bitcoin and Ethereum will necessitate huge transfer fees once their last coins are mined to make sense, which will result in the crash of said cryptocurrencies as they'll be too expensive to trade!

5. Anti-#ASIC and focussed on #CPU|s of general-purpose machines: Whilst it does run on #ProofOfWork, it's specifically designed to run poorly on #GPU|s and not on #ASICs as the latter one are not just manufactured #eWaste but also inherently increase the centralization (with less than a dozen big miners controlling >50% of Bitcoin and Ethereum's hashrate respectably). Thus it's the "least worst" in that regard. #ProofOfStake is not possible due to it's privacy-based setup (#Staking necessitates a public balance) and unlike a #Shitcoin like #FileCoin it doesn't incentivize #hoarding components. (in this case: #HDD|s)

6. Accepted & Convertable: Whilst there is a concerted effort to ban Monero, there are payment processors like #NowPayments that accept Monero. It's low transaction fees and good speed make it useable in settings like Restaurants and Online Stores (sadly not retail, because it would need to be like 60x faster)... And even then it's easy to convert to/from Shitcoins.

That's the #TLDW of Whiteboard Crypto, Mental Outlaw and The Hated One

And finally:

7. Monero gets continously developed and enhanced, whereas Bitcoin, #Litecoin and Ethereum don't even do proper #upgrades via #HardForks (see #EthereumClassic)...

What is Monero? XMR Explained with Animations

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Fahrrad und Zubehör : Simplon Scan K2 Trekking 28“ RH 51 + Helm & Taschen | XmrBazaar

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Fahrrad und Zubehör : Simplon Scan K2 Trekking 28“ RH 51 + Helm & Taschen | XmrBazaar

Shop with Monero: KEIN VERSAND NUR ABHOLUNG Verkaufe hochwertiges Simplon Scan K2 Trekkingrad, 28“ / RH 51 cm, Trapezrahmen, Shimano...

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The funny thing about fungibility is that you never know when a transaction will go through an activity involving money laundering. Fortunately in this case, you can wash your questions away, since these little fellas are definitely 100% safe from being thrown into the washing machine.

Starting a fundraising for plushies at Kuno.

https://kuno.anne.media/fundraiser/bnfw/

#monero #xmr #fungibility #kuno #fundraising #plushie #optout #p2p #crypto #cryptocurrency #decentralized #privacy #security #mastodonart

Kuno – Fundraise with Monero

Raise money or donate to a good cause with Monero. Peer-to-peer, KYC-free and easy-to-use.

@MoneroTalk because people using #Monero don't do it #HODL or #speculate but as a genuine #payment system!

  • And that's why it has stenght, which it's not "going #ToTheMoon!"

The value of Monero isn't it's exchange rate but it's #tech, #privacy, #fungibility, #speed and #scalability.

@mina @Nickiquote not only that, but anything that even closely resembles #cash in terms of #anonymitiy anf #fungibility like #Monero gets criminalized.

  • Not to mention cash just works and IMHO curbing on it's use is inherently bad, to the point that I thing the #ECB should make an #ES2 version of the #500EuroBanknote as the rising #Greedflation makes it more "necessary" than before...

People who argue one doesn't need cash because #card and #NFC #payment and #SEPA #WireTransfer exist would also argue people don't need #PressFreedom because they can write #LettersToTheEditor...

  • TBH I think that cash should be enshrined as acceptable payment methods, as the only exceptions I know [i.e. #RealEstate and #CarRental] are grounded in #security concerns:

Most car rental places don't want to handle cash and demand #KYC for insurance reasons and most banks and notaries (who also have to do KYC & #AML anyway!) have less money onsite than the average Supermarket has in a single cash drawer and don't like having that much stuff onsite anyway.