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.
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 :)
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.
(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)