Microblog Memes

No. Domains can be seized and blocked by countries via dns blocklists, anna's archive just lost one of their domains recently, so has z-library, the pirate bay... European governments have been forcing isps to introduce dns blocklists for the websites they don't like. Certificate authorities have been hacked before, can be coerced by governments to perform MITM attacks and require trust. The only reason why certificates are even remotely accessible to regular people is thanks to EFFs certbot, hosting providers can charge thousands of $ per year for a simple SSL certificate. There's no reason for that when a cert and a domain name could be recorded on a public distributed ledger (blockchain) openly accessible and independently verified by thousands of nodes, no trust, no authority, no single point of failure, almost no chance of a MITM attack. Here I outlined how that would work exactly https://discuss.tchncs.de/comment/10423786 Same thing with a pgp key server, magnet link repository etc. How many torrent sites went down and took their content with them? How many open source projects have been DMCAd and forced to shutdown, some without any legal grounds just by threatening frivolous lawsuits? Good luck taking down the entire blockchain, especially one not only dedicated to torrents. Always up, uncensorable, verifiable from beginning to end, publicly accessible with thousands of endpoints. How can you argue that's not better than a centralized server that lives and dies by the will of one dude or his isp/vps provider or some company or government. Historical data like weather info, currency exchange rates or any other record always up, uncensorable, fully verifiable, freely available to anyone who wants via an online API with thousands of endpoints or by querying your local version of the blockchain instead of through a centralized, often paid online service. Trustless smart contracts are unique to blockchains, you can't do them any other way because they require a trustless execution layer only a blockchain can provide, otherwise you'd have to trust some 3rd party who controls the computer. Tokenized financial markets give regular people easy access to the market without the need for a broker who will take fees, can dissable buying/selling like robinhood did during the GME short squeeze, can front run it's clients etc. It's literally revolutionary tech being adopted by companies in and outside of the financial sector and governments around the world. Insane how people still dismiss it because "bitcoin uses blockchain and bitcoin wastes energy so blockchain bad" even when no proof of work or crypto currency is involved, not to mention that mining, smelting, transporting gold or silver also wastes energy and human work for a pretty useless metal that outside of some niche applications demand for which could be easily satisfied +1000 fold with our current supply is exclusively used to store value, that printing, securing, transporting cash wastes energy and a lot of human work. Digital fiat also has to be handled by a bank that needs servers, milions of ATMs and HUNDREDS OF THOUSANDS OF EMPLOYEES all of whom have to drive to and from work, have their building heated and lit, have a computer and whole infrastructure that needs to be maintained just to function not even 24/7, slower and less reliability than a crypto currency that doesn't even require proof of work mining anymore, wastes a fuckton more energy and human effort than 10 bitcoin networks ever could. There's nothing inherently inefficient about blockchains, for example the small data server example I provided is literally pretty much just a decentralized, uncensorable, trustless, permisionless, verifiable, community run CDN (content delivery network) which is more efficient than a single centralized server.

See the link in my other replies for some examples of internal uses that still benefit from immutable, distributed ledgers.

Large organizations still have loss and risk from individual bad actors. Operating a central authority that validates every single transaction in a ledger, and validates ledger history and consistency, can be prohibitively complicated. A well designed blockchain implementation can resolve most of these issues.

A great example is a pharma/healthcare company that wants to manage medicine batch and expiration tracking, as well as distribution/patient assignment. With a traditional infrastructure every participant needs to phone home to a central authority. In a blockchain setup, peers can report ledger events one hop up and propagate it through the chain.

That's a very simple example but I hope it gets my point across

The most distinguishing feature is that it's private by default, the sender, receiver and the amounts are cryptographically hidden from uninvolved parties. Other than that

• Tiny fees - fees are only used to prevent spam, not to replace block rewards.
• Tail emissions - every block rewards the miner with 0.6 XMR ensuring chain security, keeping the fees low and the inflation predictable and small - forever approaching 0 but never reaching it.
• Variable block sizes - the block size grows and shrinks with the demand, allowing for more transactions when demand is high but still limiting spam.
• RandomX mining algorithm - ASIC resistant mining algorithm best mined with the CPU ensures fair access to mining and prevents big minig firms from taking over the mining process.
• Community and culture - the focus of most other cryptos is investing and speculation while monero's focus is on being the best private, uncensored, p2p money. Because of this while other cryptos encourage their users to HODL their coins, monero users are encouraged to save and also spend their coins, treat them like digital cash rather than something who's only purpose is to go up in price. In my opinion this culture leads to several things:

1. Business acceptance - many privacy centric services like VPN, VPS, e-sim, phone top up, gift card providers etc. accept monero. Usually any service that does, sees it at the top of the chart as the most used crypto, often more than all the other coins combined. Many open source projects accept it for donations as well, with similar findings.

2. Community built infrastructure - the monero community focuses on building the infrastructure around the idea of monero being digital cash. Things like xmrbazaar.com, a monero based e-bay/craigslist like market where you can buy/sell things for monero, kuno a monero based gofundme alternative for fundraisers, retoswap.com an instance of haveno, a decentralized, p2p monero exchange, monerica.com a repository of monero accepting business and other monero related things are designed with the idea of treating monero as money.

3. Price stability - because of the fact that monero is actually used for payments it's price is established through adoption rather than speculation which makes it fairly stable in comparison to the rest of the crypto market, thanks to this you can safely spend and receive monero without worrying that a month from now it will loose 50% of it's value. Of course, there are peaks and valleys often caused by the macro market movements like the recent few day pump to $800 and crash back to $400 but that's an exception rather than the rule, for the most part (excluding stable coins) it's one of the most stable cryptos out there with a slight long-term uptrend.

5 Years

All time