all 8 comments

[–]Horrux 3 insightful - 1 fun3 insightful - 0 fun4 insightful - 1 fun -  (6 children)

I like Monero a lot.

And about smart contracts: let's say a crypto that has this feature becomes adopted by most. Who's to say the guverments aren't going to mandate smart contracts that lets them siphon off 40% of everything that comes into your wallet? Thanks, but I'll manage my payments myself.

[–]Yin 3 insightful - 1 fun3 insightful - 0 fun4 insightful - 1 fun -  (5 children)

BEAM and other mimblewimble privacy coins I find are superior to Monero (slow), but Monero can be good to have for diversification too.

And about smart contracts: let's say a crypto that has this feature becomes adopted by most. Who's to say the guverments aren't going to mandate smart contracts that lets them siphon off 40% of everything that comes into your wallet? Thanks, but I'll manage my payments myself.

Smart contracts don't function in that uniquely special manner as to make them any more or less of a vector for that. Your question is the equivalent of asking, "what if government mandates code that lets them siphon off 40% of everything that comes into your wallet in a coin without smart contracts?" Code is arbitrary.

What ultimately determines crypto networks are people. Governments mandating changes in open source code isn't practical in crypto because users would run clean nodes that don't have the government meddling: forking in a separate direction. Probably the overwhelming majority of users who care about privacy would switch to only using and trading on the clean version of the network. Government's (as in globalist central banking's) only pragmatic attack on privacy crypto is with sticks (regulations at the business-acceptance level, fearmongering propaganda, convoluted intimidation schemes in the name of "tax" collection, seizing large crisis-failure opportunities for regulations thereof) and carrots (herding normies on to central bank issued alternatives), not attacking the code itself.

[–]Horrux 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (4 children)

Good analysis. I've been watching GRIN for its quantum-computing resistance, but so far its adoption seems to be extremely poor.

[–]Yin 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (2 children)

Check my recommendation advice 1 month ago (Sept 28):

https://saidit.net/s/cryptocurrency/comments/8f39/please_stop/v8pd

Epic Cash was still under 40 cents at the time of that post and has since broken out to over $2. I don't have short term predictions for it at this time. It may crash or not. I'm mostly concerned with the long term.

[–]Horrux 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (1 child)

Thanks, very informative! =D

[–]Yin 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

Anytime, bud!

[–]Yin 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

Thanks. Yeah! Grin was the first to use MW in the wild but it lacks serious development and I wouldn't trust holding much of it compared to the others.

[–]fschmidt 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

Of course Monero is the best crypto. That's why it is ranked 41 by moronic crypto investors.