100 million dollars to reshape the economics of the web

Re:100 million dollars to reshape the economics of the web by droffel on Monday September 16, 2019 @04:18PM (#20988156)

Monero (getmonero.org) has many of the properties of cash on the internet. Definitely more so than Bitcoin. It's surprising how few cryptocurrencies take privacy by default seriously.

[ Parent | on HN ]

Re:100 million dollars to reshape the economics of the web by bloopernova on Monday September 16, 2019 @06:46PM (#20989330)

I honestly don't know anything about Monero. How does it compare to Stellar, which was recently on HN due to the Keybase airdrop giveaway?

(I hold a whole $40USD in Stellar, I do however think it's a good thing. But I think there's space on the net for more than a couple of cryptocurrencies so I'm curious about Monero)

[ Parent | on HN ]

Re:100 million dollars to reshape the economics of the web by noxer on Tuesday September 17, 2019 @05:05AM (#20993101)

Forget Monero it can't scale for micro payment. Currently it does like 1 Tx every few seconds. We can assume it could handle a few Tx per seconds. And with proper hardware upgrade it could probably handle some dozen Tx per second. Anyway all of that is far far away for usable if people want to do micro payments to websites they read.

Stellar is way faster the XRPL even more so (1500Tx/s) but even then it can not be used to stream money. You dot want to go to a site and instantly donate 0.001cent you want to donate only if the content is good and the best way to measure that is by time. Hence Coil steams the money as long as you are on the site. That only works trough ILP not direly on ledger (on-chain). IPL can stream money from any kind of wallet. So it would work with Monero as well but its unlikely to gain traction as its key feature (anonymous) is rather useless in this case. and Tx are slow and expensive compared to XLM or XRP.

[ Parent | on HN ]

Re:100 million dollars to reshape the economics of the web by bloopernova on Tuesday September 17, 2019 @09:11AM (#20994572)

Thank you for the information. There's obviously a lot more I need to understand regarding crypto, but you helped :)

[ Parent | on HN ]

Re:100 million dollars to reshape the economics of the web by droffel on Monday September 16, 2019 @07:35PM (#20989610)

Monero is the largest privacy-focused cryptocurrency in existence right now, by pretty much every measurable metric. It's also the only (in the top 250 by market cap) cryptocurrency that enforces privacy at the protocol level, by default. You can read more about it at the website below.

https://web.getmonero.org/resources/about/

[ Parent | on HN ]

Re:100 million dollars to reshape the economics of the web by Aaronstotle on Monday September 16, 2019 @05:36PM (#20988815)

Yeah, I'd love to see more websites accept tips in XMR (and see the Monero economy grow overall)

[ Parent | on HN ]

[dead]

Re:100 million dollars to reshape the economics of the web by droffel on Monday September 16, 2019 @05:46PM (#20988891)

It's perfectly on topic here. I would hardly call this shilling.

[ Parent | on HN ]

Re:100 million dollars to reshape the economics of the web by en-us on Monday September 16, 2019 @05:46PM (#20988892)

> A simple, anonymous way to pay 10 cent or so.

Pretty sure it solves that.

[ Parent | on HN ]

Re:100 million dollars to reshape the economics of the web by mNovak on Monday September 16, 2019 @06:13PM (#20989069)

I thought XMR had high transaction fees?

[ Parent | on HN ]

Re:100 million dollars to reshape the economics of the web by boring_twenties on Monday September 16, 2019 @07:36PM (#20989617)

Transaction fees have been a fraction of a penny since the Bulletproofs upgrade in October 2018. https://bitinfocharts.com/comparison/monero-transactionfees....

[ Parent | on HN ]

Re:100 million dollars to reshape the economics of the web by droffel on Monday September 16, 2019 @06:17PM (#20989097)

Only if you consider $0.002-$0.006 per transaction high. The protocol has been significantly streamlined over the years.

[ Parent | on HN ]