Oddbean new post about login | logout What do you criticize about Monero?
Wallet take long time symcronizate if not use for time
This
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Two ways to solve this, either A, use the light wallet server on a node that you control and just give it your view key, or B, use Monero more often, LOL.
Or use a background sync wallet like Cake or Anonero But yea the sync times are annoying otherwise
I had issues with the anonero dev tram telling me they could not fix a bug i was seeing so i no longer personally use them. As for Cake bg sync i have heard several reports of the wallet being corrupted and having to resync the entire chain. Until that is fixed i would not use it.
Unability to audit money supply which is the sole reason why I do not own monero as a store of value and probably never will. But I can easily imagine swapping Bitcoin for Monero when the need rises and use it immidiately for its privacy benefits.
You can audit the money supply, see 👇🏻 https://www.moneroinflation.com/inflation
I know what you mean in theory, but in practice it's almost no different to how Bitcoin users audit it's supply. You just run a node like any Monero user would. Even among the small fraction of Bitcoin users who actually run a node, they are simply trusting their node software to properly audit for them. They aren't actually doing it themselves. There are ~1 billion transaction on Bitcoins chain right now and more are added every ten minutes. No one is actually auditing that. If simply trusting your node to audit for you is your acceptable criteria for auditing than there is no difference to running a Monero node. Still cool that you are open to using Monero for it's transactional privacy
This only partly works as if you swap say a thousand dollars in Bitcoin in order to buy Monero and then you immediately go buy something with that Monero then I can still link you with high degree of accuracy to that transaction even though the transaction was done in monero. If you are going to do this, do not spend it immediately in order to break the link.
Bitcoiners are at eachothers throats about everything. I've never seen that in the monero community. In-fighting is a healthy sign of decentralization.
I definitely see that in Monero lol just follow ofrnxmr https://twitter.com/ofrnxmr/with_replies but I see that developments-wise everyone seems aligned in the steps forward the main issues are around community moderators, funding said developments and who is in charge of coordinations
There has been infighting before and there is infighting at a very low level but in general it seems like most people agree with where the project is headed and so there's no real need to fight about it.
I don't really have any problems with monero directly, but it's ecosystem isn't very innovative. There are a handful of wallets that sometimes work, public nodes sometimes just disappear, and there are no business tools for ecommerce other than btcpay server. It would be nice to have something like raspiblitz, but for monero, that's a node plus a simple ecommerce site with product import features and wallet.
Good points. For me it sounds like a business opportunity. With MoneroNodo there is a try to do something like RaspiBlitz. https://moneronodo.com/ There are also some other payment services besides BTCPay Server like a plugin for WordPress' WooCommerce to accept Monero (see Monero Integration, link below). https://getmonero.dev/docs/accepting-monero/overview.html
Too few users
Well, if you use it, then there will be one more user, won't there?
I can't find a way to have 100% financial privacy without breaking the law. For example, just making a payment is a taxable event requiring me to provide my financial information to the IRS. So in order to take advantage of monero I have to be a criminal. If I don't want to be a criminal, then I have no need to use monero.
When Personal Privacy is a crime, you have a moral duty to be a Criminal.
If you're going to follow all laws they create anyway (this is impossible even if you try) there is no point in using Bitcoin or Monero. Fiat is logically better in that case especially as time passes and more regulations choke out any potential benefit on permissioned markets. https://github.com/libbitcoin/libbitcoin-system/wiki/Permissionless-Principle https://github.com/libbitcoin/libbitcoin-system/wiki/Value-Proposition
My very existence becomes more criminal every day. If the crowd moves to monero, I will follow. All I know is they can't arrest us all.
The crowd is already moving to Monero.
Wouldn't the best way to measure this be the market price? I haven't seen the price in monero go up.
Price and transaction counts for sure. We in the Monero community think and have good reason to suspect that centralized exchanges are purposely manipulating the Monero price to keep it low in order to keep interest away from it. Very similar to how governments manipulate the price of gold to make their fiat seem stronger than it actually is.
I thought most people who own monero also self custody. Wouldn't that make exchanges have a hard time suppressing the price? The lower the price, the less fiat is needed to accumulate xmr and move them to cold storage.
Binance and OKX just have delisted after having Monero withdrawals closed for months/years. There are still a few other (weaker) CEX trying to control the price through various mechanisms.
Binance still allows withdrawals. https://www.binance.com/en/support/announcement/binance-will-delist-ant-multi-vai-xmr-on-2024-02-20-f73b083ba6834771b07dbe5319917ae5
You can't comply your way out of tyranny.
It's too slow to integrate on #Nostr monero needs a second layer, it also needs more hashpower but that's not monero's fault It's the market.
I think Monero integrated in a nostr platform would work better for donations in youtube-like nostr clients, or github-like nostr clients to fund open source projects via XMR, then speed doesn't matter as much as twitter clones where notes are appearing every second, and the amounts don't need to be public like in an upvoting/boosting system
it nostr is interoperable it needs to work on every client but I got your response.