[dougk16]

Monero and other less well-known currencies solve all of that. You can say it's bad or useless for other reasons. But my direct experience with dozens of P2P transfers, outside exchanges, both paying people for products and services and being paid myself, is enough for me to know that the future involves private cryptocurrencies one way or another. It may be akin to the taboo nature of torrenting movies at some point, but it's not going anywhere. CBDCs, traditional fiat, crypto, and even precious metals (yea we used to use those too!) will all have their use cases over the next decade. Paying people (and being paid) with precious metals and private crypto feels so amazing, so freeing, I recommend everyone give it a try.

[dale_glass]

Yeah, and pretty much nobody cares:

https://bitinfocharts.com/comparison/monero-transactions.htm...

20K transactions per day currently? A single city would have more transactions than that just from people having breakfast in the morning. And these are world-wide stats.

[dougk16]

Ah c'mon gimme something better to chew on, this argument is cake to dismantle. (1) You don't use Monero to buy breakfast. It's for large money transfers so at least compare it to bank wires. (2) Very few people know about Monero yet. Credit cards were at 20K transactions per day at some point. If you know how to look at the chart you linked, you can see the TX count growing sustainably over several years. This is healthy growth, not some SV venture-capital juiced unicorn. (3) There will be very few ultimate winners in the crypto game as far as fungible currencies. It's a more honest comparison to include transaction counts of non-fungible cryptocurrencies like BTC and ETH that people are unfortunately using as a currency for now. (4) Monero is just one of a few other legitimate private cryptocurrencies, so include those transaction counts too.

Well I could go on laughing at the "nobody cares" take, but you don't care so I'll leave it there. Enjoy your CBDCs in the metaverse.

[dale_glass]

> You don't use Monero to buy breakfast.

And why the hell not? It's supposed to be a currency.

> It's for large money transfers so at least compare it to bank wires.

And then what, exchange to USD? That'll bind it to an exchange rate, and create the same problems BTC has. Rather than having direct use as a currency, it's a betting mechanism.

> Very few people know about Monero yet. Credit cards were at 20K transactions per day at some point.

It's been almost a decade. That's an eternity in internet terms. If it only has 20K daily users world-wide then it's failed as a currency. People usually trade with people close to them, and if there's 20K people active in the world then that suggests either a very tight knit community somewhere nobody else cares about, or a bunch of nerds all over the world.

> If you know how to look at the chart you linked, you can see the TX count growing sustainably over several years.

I see it growing way too slowly and oddly. Yeah, there's periods of growth but there's also stalls and falls, and going back and forth. Growth also tends to start from a spike. To me that suggests Monero doesn't have that much traction of its own and in a good measure profits from the failures of other crypto systems.

I'm not sure if that's an accurate analysis on my part or not, but if there actually was interest in what monero provides I'm quite confident it should be growing a lot faster and be a lot more prominent. It's the one crypto that actually wants to be a currency, and yet near nobody seems to be interested in that, preferring to gamble with BTC and ETH.

> It's a more honest comparison to include transaction counts of non-fungible cryptocurrencies like BTC and ETH that people are unfortunately using as a currency for now.

Those are heavily congested, so the transaction counts is mostly what the network is capable of, not what people would like to have.

> Enjoy your CBDCs in the metaverse.

My what? If you're talking about the project I work on, we formed specifically around the rejection of cryptocurrency and in general don't care for fiat transactions either.

[dougk16]

I would continue easily dismantling your points but you're like a boomer railing against the Internet in the early 90s. It's bad according to your value system so other people shouldn't use it either. You don't understand it or want it or whatever. Which is totally fine. I'm not saying your position is a bad thing. In fact you have my respect. My Dad was like this with the Internet in the early 90's, and still is. He STILL doesn't use the Internet and his construction business is just fine without it. He has my respect. Both he and I ended up being "right". My only advice is to stick to your guns going forward, be like my Dad and NEVER use cryptocurrencies or metal or barter. Only use military-backed currencies and have them tracked and traced as much as possible. In fact don't even use physical cash. For your safety.

As for me, I'll continue to use Monero and precious metals and barter, and use fiat and the coming CBDCs as little as possible. If that's alright with you of course!

It takes all kinds. Though if you don't know what the Metaverse or CBDCs are you got some surprises coming!

[dale_glass]

Nah, you're barking up the wrong tree entirely. I did have a very passing interest in crypto way back, when BTC wasn't yet at full capacity. I was sure back then the situation couldn't last, because paying $50/transaction was completely ridiculous for any kind of currency. People HAD to rebel against that and at least raise the block limit to alleviate the urgent problem now, even if that wasn't the long term solution.

Oddly, that didn't happen. The big players strenuously resisted any effort to alleviate the network congestion. I was feeling very confused.

It slowly dawned on me that my type of usage was a niche. The main players were interested in speculating on the value, and held huge hoards they intended to optimally sell once. They didn't care if it took 10 hours for the transaction to go through or they had to pay a ridiculous fee, because a $100 fee is effectively nothing when you're making a profit of $millions.

So far nothing has really changed my mind. If what Monero offered was what people wanted, they'd have switched over en masse, and they really didn't.

[dougk16]

I dismissed it all very early on but for other reasons. I took one look at the BTC whitepaper way back, saw that every transaction and wallet was completely public, and immediately wrote it off based on that, along with everything to do with the cryptocurrency space, until I found Monero then some other related currencies about 4 years ago.

You have different standards than me as far as what constitutes a "successful" currency. And that's cool! For example you generally can't buy breakfast with the currencies of silver or gold or British Pounds (in America) either. All throughout history there has been different currencies for different situations and crypto is just another one on the pile. I wish salt would make a comeback myself. ;)

I use cryptocurrencies as private replacements for bank wires. If your standard is that you must be able to buy breakfast in a city with it, then I agree with you it is not a currency by that definition and probably never will be.

As for me I get paid for my professional services in crypto and turn around and sometimes pay other people for goods and services without any conversion in between. Sometimes I convert it to precious metal directly. Sometimes I convert it to a fiat currency or another crypto. Sometimes I hold. It's all good!

Thanks for the conversation and good luck with everything you're working on.