Re:Kazakhstan to restrict crypto miners amid power shortages
by matheusmoreira on Wednesday November 03, 2021 @11:56AM
(#29096419)
> Ignoring the regulatory risks (which absolutely exist)
I'm of the opinion that Monero is a failure if it can't withstand regulation.
> IMHO the real critical risk is that bugs or bad math will break the economic model.
I agree. I don't think I have sufficient cryptography knowledge to evaluate this risk but I acknowledge its existence. For the moment I trust that the Monero developers will do everything possible to prevent this from happening.
Still, BTC is way too valuable for something that failed to become everything it was envisioned to be. It seems to be driven by brand name alone. XMR is way too undervalued and undermined for a coin that at least tried to address the majority of problems in BTC.
I'm of the opinion that Monero is a failure if it can't withstand regulation.
> IMHO the real critical risk is that bugs or bad math will break the economic model.
I agree. I don't think I have sufficient cryptography knowledge to evaluate this risk but I acknowledge its existence. For the moment I trust that the Monero developers will do everything possible to prevent this from happening.
Still, BTC is way too valuable for something that failed to become everything it was envisioned to be. It seems to be driven by brand name alone. XMR is way too undervalued and undermined for a coin that at least tried to address the majority of problems in BTC.