this post was submitted on 02 Jul 2024
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Monero

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This is the lemmy community of Monero (XMR), a secure, private, untraceable currency that is open-source and freely available to all.

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Monero, XMR, crypto, cryptocurrency

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The monero community is building a lot of infrastructure to build a circular economy, and there is a lot of recent developments in that regard, such as xmrbazaar which is a sort of ebay and the sellers accepts monero. This is great. However, how can we penetrate markets outside of the monero economy? I fear that Monero still has the "dangerous hacker crypto which funds terrorism and north korea" reputation, and although while not true, could severely pause monero adoption and hurt us as a community as a whole.

We as a community value privacy, but i feel like we need to work together as a community to forge an alternative to the mainstream narrative about privacy coins. I'm thinking something revolutionarily positive, at least in the USA, such as making a charity that gives directly to homeless people, or setting up a decentralized network of people that work together to distribute life saving drugs for cheap (because drug prices are really fricking high here). Privacy coins tend to attract privacy minded people, and privacy minded people won't even touch twitter with a 10 foot pole because of all the injected ads and the tracking, and i respect that. But, one of these days we gotta do something big to break the mainstream narrative.

I personally am locked in, I have a girlfriend and two pets and a full time job, but for those that have less to lose and more time and resources to spare for the cause, i say let's fking do it. Anything, man. Let's change society with this thing.

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[–] [email protected] 0 points 4 months ago

Sounds cool, did you find any standout resources in the process about running nodes, and would you be willing to share if so? I last ran local when the chain was small enough to fit under a 32gb thumb drive lol

Also if you don't mind answering I had some questions:

  • What would the costs be involved generally with hosting a full node? Is it high in bandwidth costs?
  • Would 'mining' be an option for the device running the node?
  • How much can u expect to spend on an 16tb hdd to host the node?
  • Finally, all in, how much did it cost you to set up your node?

Feel free to not answer anything/ with ambiguity for privacy