this post was submitted on 01 Sep 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.
Wallets
Android (Cake Wallet) / (Monero.com)
iOS (Cake Wallet) / (Monero.com)
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Monero, XMR, crypto, cryptocurrency
founded 1 year ago
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@muntedcrocodile @k4r4b3y The reason crypto in general is considered scammy is because BTC, ETH, and most others are simply not useful as currencies, due to LIMITATIONS OF DESIGN. Such as hardcoded blocksize, block transparency, and more.
Right from the beginning, people doubled down on their investments selling flimsy alternative theories than the simple design goal of “Internet cash”
AFAICT, only one serious project has had the engineering focus to make design changes as needed. XMR is money
Yeah, that's fair. Multiple things can be true at once.