Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

Two juveniles arguing over whose sh!t smells better.

The argument for Bitcoin is it's name recognition and ability to attract new rubes to be fleeced. Buying BTC at this point is basically a bet that the fleecing hasn't run it's course yet.

The argument for Monero is it's secrecy making it a perfect tool for money laundering. Buying XMR is basically a bet that law enforcement won't be able to uncover/track your activities --- and you will be able to convert XMR back into USD (or other fiat) without paying outrageous fees.

Both are modern "wooden nickels". "Modern" meaning electrons are substituted for wood.

Personally, if I had to choose, I would take XMR. There will always be a demand for money laundering so the value proposition for XMR is clearly stronger and more likely to be sustainable over time IMO --- until law enforcement cracks the network.



The only practical purpose of crypto is buying drugs, illegal porn and tax evasion so I'd say Monero comes out on top.


Completely legal porn also has a lot of trouble using regular financial services.


Also donating to political extremists, terrorists, and hiring murderers or other criminals.


There is value in the burn of mining. Understanding this requires understanding how humans evaluate risk and reward. Not all human evaluation of risk may be influenced by outside thought. It is ingrained from childhood.




Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: