Siggy47 on Nostr: Someone asked whether trading in and out of monero would provide the same benefits as ...
Someone asked whether trading in and out of monero would provide the same benefits as a conjoin. I said:
1. I hold no monero
2. Monero is inferior to bitcoin because it has an unlimited supply.
3. Monero is also inferior to bitcoin because it would become centralized over time: having an unlimited block size, its blockchain would become too big for an average user to run a node. Therefore, power and influence would be concentrated in a few large nodes.
From this, you decide I support monero and am therefore a "shitcoiner"/
Published at
2023-02-17 13:16:47Event JSON
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"content": "Someone asked whether trading in and out of monero would provide the same benefits as a conjoin. I said:\n1. I hold no monero \n2. Monero is inferior to bitcoin because it has an unlimited supply.\n3. Monero is also inferior to bitcoin because it would become centralized over time: having an unlimited block size, its blockchain would become too big for an average user to run a node. Therefore, power and influence would be concentrated in a few large nodes.\nFrom this, you decide I support monero and am therefore a \"shitcoiner\"/",
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