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Kevin Karhan :verified:<p><span class="h-card" translate="no"><a href="https://vmst.io/@maikel" class="u-url mention" rel="nofollow noopener" target="_blank">@<span>maikel</span></a></span> basically, it boils down to the few key features of <a href="https://infosec.space/tags/Monero" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Monero</span></a>:</p><p><code>1.</code> <a href="https://infosec.space/tags/Anonymity" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Anonymity</span></a> &amp; <a href="https://infosec.space/tags/Privacy" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Privacy</span></a>: Unlike with any other <a href="https://infosec.space/tags/cryptocurrency" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>cryptocurrency</span></a> (aka. <a href="https://infosec.space/tags/Shitcoins" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Shitcoins</span></a>) it's not just pseudonymous in that there is no mandatory linkage between individuals &amp; their wallets, but the entire transaction history and balance is hidden. Unlike say <a href="https://infosec.space/tags/Bitcoin" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Bitcoin</span></a> or <a href="https://infosec.space/tags/Ethereum" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Ethereum</span></a> one cannot track the coins from the moment of mining to their destination.</p><p><code>2.</code> Speed: Monero's network does mine one block every 2 minutes. After 10 blocks any transfered balance gets unlocked for spending. That means that a transfer is completed <em>at worst</em> within 6 minutes and the balance is being unlocked <em>at worst</em> after 24 minutes. This makes it faster than Instant-<a href="https://infosec.space/tags/SEPA" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>SEPA</span></a> which only has a 1 hour SLA.</p><p><code>3.</code> <a href="https://infosec.space/tags/Fungibility" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Fungibility</span></a>: Like <a href="https://infosec.space/tags/cash" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>cash</span></a> all it's coins are equal, since they cannot be tracked. This makes Monero the digital equivalent of cash.</p><p><code>4.</code> <a href="https://infosec.space/tags/Scalability" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Scalability</span></a> &amp; <a href="https://infosec.space/tags/Stability" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Stability</span></a>: Monero adaptively self-adjusts block sizes and mining difficulty based upon demand (transactions in it's <code>mempool</code> aka. requested transactions that have to be added to the blockchain) and supply (total blockchain hashrate). Unlike Bitcoin and Ethereum it has a fixed <em>Tail Emission Rate</em> of at least 0,6 <a href="https://infosec.space/tags/XMR" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>XMR</span></a> (Monero) per block, so the miners solving it get at least 0,6 XMR (+ transaction fees), which is a longterm stable rate. Bitcoin and Ethereum will necessitate huge transfer fees once their last coins are mined to make sense, which will result in the crash of said cryptocurrencies as they'll be too expensive to trade!</p><p><code>5.</code> Anti-<a href="https://infosec.space/tags/ASIC" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>ASIC</span></a> and focussed on <a href="https://infosec.space/tags/CPU" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>CPU</span></a>|s of general-purpose machines: Whilst it does run on <a href="https://infosec.space/tags/ProofOfWork" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>ProofOfWork</span></a>, it's specifically designed to run poorly on <a href="https://infosec.space/tags/GPU" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>GPU</span></a>|s and not on <a href="https://infosec.space/tags/ASICs" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>ASICs</span></a> as the latter one are not just <em>manufactured <a href="https://infosec.space/tags/eWaste" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>eWaste</span></a></em> but also inherently increase the centralization (with less than a dozen big miners controlling &gt;50% of Bitcoin and Ethereum's hashrate respectably). Thus it's the <em>"least worst"</em> in that regard. <a href="https://infosec.space/tags/ProofOfStake" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>ProofOfStake</span></a> is not possible due to it's privacy-based setup (<a href="https://infosec.space/tags/Staking" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Staking</span></a> necessitates a public balance) and unlike a <a href="https://infosec.space/tags/Shitcoin" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Shitcoin</span></a> like <a href="https://infosec.space/tags/FileCoin" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>FileCoin</span></a> it doesn't incentivize <a href="https://infosec.space/tags/hoarding" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>hoarding</span></a> components. (in this case: <a href="https://infosec.space/tags/HDD" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>HDD</span></a>|s)</p><p><code>6.</code> Accepted &amp; Convertable: Whilst there is a concerted effort to ban Monero, there are payment processors like <a href="https://infosec.space/tags/NowPayments" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>NowPayments</span></a> that accept Monero. It's low transaction fees and good speed make it useable in settings like Restaurants and Online Stores (sadly not retail, because it would need to be like 60x faster)... And even then it's easy to convert to/from Shitcoins.</p><p>That's the <a href="https://infosec.space/tags/TLDW" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>TLDW</span></a> of <a href="https://www.youtube.com/watch?v=B7sLnmlZ-kU" rel="nofollow noopener" target="_blank">Whiteboard Crypto</a>, <a href="https://www.youtube.com/watch?v=QrHsFZBab4U" rel="nofollow noopener" target="_blank">Mental Outlaw</a> and <a href="https://www.youtube.com/watch?v=H33ggs7bh8M" rel="nofollow noopener" target="_blank">The Hated One</a>…</p><p>And finally:</p><p><code>7.</code> Monero gets continously developed and enhanced, whereas Bitcoin, <a href="https://infosec.space/tags/Litecoin" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Litecoin</span></a> and Ethereum don't even do <a href="https://www.youtube.com/watch?v=-3BF_mE2e6M" rel="nofollow noopener" target="_blank">proper</a> <a href="https://infosec.space/tags/upgrades" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>upgrades</span></a> via <a href="https://infosec.space/tags/HardForks" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>HardForks</span></a> (see <a href="https://infosec.space/tags/EthereumClassic" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>EthereumClassic</span></a>)...</p>
Kevin Karhan :verified:<p><span class="h-card" translate="no"><a href="https://sakurajima.social/@irfan" class="u-url mention" rel="nofollow noopener" target="_blank">@<span>irfan</span></a></span> another <a href="https://infosec.space/tags/QRcode" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>QRcode</span></a>-based <a href="https://infosec.space/tags/payment" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>payment</span></a> is <a href="https://infosec.space/tags/NowPayments" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>NowPayments</span></a> (globally with some exceptions)...</p>
Kevin Karhan :verified:<p><span class="h-card" translate="no"><a href="https://social.vivaldi.net/@ueeu" class="u-url mention" rel="nofollow noopener" target="_blank">@<span>ueeu</span></a></span> the problem with <a href="https://infosec.space/tags/wero" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>wero</span></a> is that it's not <a href="https://infosec.space/tags/global" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>global</span></a> and thus neither a replacement nor competitor to <a href="https://infosec.space/tags/PayPal" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>PayPal</span></a>! </p><ul><li>In fact, it's at best the <a href="https://infosec.space/tags/EU" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>EU</span></a> version of <a href="https://infosec.space/tags/AliPay" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>AliPay</span></a>... </li></ul><p><a href="https://infosec.space/tags/WhatsMissing" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>WhatsMissing</span></a> is an option for people and businesses outside the European Union to use it.</p><ul><li>If it's more complex than a signup for PayPal, <a href="https://infosec.space/tags/Stripe" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Stripe</span></a> or <a href="https://infosec.space/tags/NowPayments" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>NowPayments</span></a>, it's not a real competitor.</li></ul>
Kevin Karhan :verified:<p><span class="h-card" translate="no"><a href="https://mastodon.social/@expertenkommision_cyberunfall" class="u-url mention" rel="nofollow noopener" target="_blank">@<span>expertenkommision_cyberunfall</span></a></span> <span class="h-card" translate="no"><a href="https://mastodon.online/@dideldum" class="u-url mention" rel="nofollow noopener" target="_blank">@<span>dideldum</span></a></span> <span class="h-card" translate="no"><a href="https://social.tchncs.de/@leachimus" class="u-url mention" rel="nofollow noopener" target="_blank">@<span>leachimus</span></a></span> <span class="h-card" translate="no"><a href="https://ec.social-network.europa.eu/@EUCommission" class="u-url mention" rel="nofollow noopener" target="_blank">@<span>EUCommission</span></a></span> <span class="h-card" translate="no"><a href="https://social.bund.de/@BaFin" class="u-url mention" rel="nofollow noopener" target="_blank">@<span>BaFin</span></a></span> <span class="h-card" translate="no"><a href="https://respublicae.eu/@ecb" class="u-url mention" rel="nofollow noopener" target="_blank">@<span>ecb</span></a></span> </p><p>Dass dies technisch möglich ist - inkl. Einhaltung von <a href="https://infosec.space/tags/Identifikationspflichten" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Identifikationspflichten</span></a> (<a href="https://infosec.space/tags/KYC" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>KYC</span></a>) und <a href="https://infosec.space/tags/Geldw%C3%A4schepr%C3%A4vention" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Geldwäscheprävention</span></a> (<a href="https://infosec.space/tags/AML" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>AML</span></a>) beweisen Zahlungsdienstleister wie <a href="https://infosec.space/tags/NowPayments" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>NowPayments</span></a> regelmäßig!</p><ul><li>Natürlich sollte hierzu eine öffentliche, kosten- und patentfreie <a href="https://infosec.space/tags/Europanorm" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Europanorm</span></a> geschaffen werden, welche entsprechende <a href="https://infosec.space/tags/API" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>API</span></a>|s definiert, inklusiver verpflichtender <a href="https://infosec.space/tags/Testing" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Testing</span></a>-Endpoints.</li></ul><p>Und natürlich nicht mit irgendwelchem <a href="https://infosec.space/tags/Blockchain" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Blockchain</span></a>-Müll, dafür <a href="https://infosec.space/tags/dezentral" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>dezentral</span></a>, <a href="https://infosec.space/tags/P2P" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>P2P</span></a> mit Förderation (vgl. Fediverse)...</p><ul><li>Dazu dezentrale Architektur mit <em>"Web of Trust"</em> um effektiv Missbrauch und Akteure dessen zu bekämpfen.</li></ul><p>Die Technologien dazu existieren...</p>
Kevin Karhan :verified:<p><span class="h-card" translate="no"><a href="https://mastodon.online/@dideldum" class="u-url mention" rel="nofollow noopener" target="_blank">@<span>dideldum</span></a></span> <span class="h-card" translate="no"><a href="https://social.tchncs.de/@leachimus" class="u-url mention" rel="nofollow noopener" target="_blank">@<span>leachimus</span></a></span> das sollte es auch, nur sollte <a href="https://infosec.space/tags/wero" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>wero</span></a> dazu nicht nur den <a href="https://infosec.space/tags/SEPA" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>SEPA</span></a>-Raum abdecken sondern wie <a href="https://infosec.space/tags/PayPal" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>PayPal</span></a>, <a href="https://infosec.space/tags/Stripe" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Stripe</span></a> und <a href="https://infosec.space/tags/NowPayments" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>NowPayments</span></a> global verfügbar sein!</p><ul><li>Sonst ist es außerhalb von <a href="https://infosec.space/tags/EU" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>EU</span></a> &amp; <a href="https://infosec.space/tags/EFTA" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>EFTA</span></a> nutzlos...</li></ul>
Kevin Karhan :verified:<p><span class="h-card" translate="no"><a href="https://troet.cafe/@CorinnaVahrenk1" class="u-url mention" rel="nofollow noopener" target="_blank">@<span>CorinnaVahrenk1</span></a></span> <span class="h-card" translate="no"><a href="https://troet.cafe/@kalivene" class="u-url mention" rel="nofollow noopener" target="_blank">@<span>kalivene</span></a></span> also noch nichtmals benutzbar...</p><ul><li>Dann kann ich auch gleich <a href="https://infosec.space/tags/NowPayments" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>NowPayments</span></a> nehmen...<a href="https://infosec.space/@kkarhan/114171767062182521" translate="no" rel="nofollow noopener" target="_blank"><span class="invisible">https://</span><span class="ellipsis">infosec.space/@kkarhan/1141717</span><span class="invisible">67062182521</span></a></li></ul>
Kevin Karhan :verified:<p><span class="h-card" translate="no"><a href="https://social.coop/@CedarTea" class="u-url mention" rel="nofollow noopener" target="_blank">@<span>CedarTea</span></a></span> I guess you also want to avoid <a href="https://infosec.space/tags/Stripe" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Stripe</span></a> and <a href="https://infosec.space/tags/PayPal" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>PayPal</span></a> as well...</p><ul><li>Consider i.e. <a href="https://infosec.space/tags/NowPayments" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>NowPayments</span></a> as independent paymebt provider...</li></ul>
Kevin Karhan :verified:uspol
Kevin Karhan :verified:<p><span class="h-card" translate="no"><a href="https://sizeriot.com/@aborigen" class="u-url mention" rel="nofollow noopener" target="_blank">@<span>aborigen</span></a></span> the evenbshittier part is when one can't avoid <a href="https://infosec.space/tags/ValueRemoving" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>ValueRemoving</span></a> <a href="https://infosec.space/tags/Middlemen" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Middlemen</span></a> like <a href="https://infosec.space/tags/Stripe" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Stripe</span></a> or <a href="https://infosec.space/tags/PayPal" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>PayPal</span></a> because even big-ass <a href="https://infosec.space/tags/GAFAMs" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>GAFAMs</span></a> are <em>either unable or unwilling</em> to facilitate <a href="https://infosec.space/tags/SEPA" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>SEPA</span></a> <a href="https://infosec.space/tags/WireTransfer" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>WireTransfer</span></a>|s instead.</p><ul><li>Which is really absurd because those are cheaper, faster and simpler.</li></ul><p>My recommendation would be to <a href="https://nowpayments.io/all-solutions/individuals" rel="nofollow noopener" target="_blank">go with</a> <a href="https://infosec.space/tags/NowPayments" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>NowPayments</span></a> (yes they also settle in fiat!) cuz they have <a href="https://nowpayments.io/all-solutions/adult" rel="nofollow noopener" target="_blank">no issues</a> re: NSFW content.</p><ul><li>Sadly <a href="https://infosec.space/tags/Monero" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Monero</span></a> is the only truly global payment option on the market.</li></ul>
Kevin Karhan :verified:<p><span class="h-card" translate="no"><a href="https://mstdn.social/@Nickiquote" class="u-url mention" rel="nofollow noopener" target="_blank">@<span>Nickiquote</span></a></span> in <a href="https://infosec.space/tags/Germany" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Germany</span></a>, you rather see places refusing to take <a href="https://infosec.space/tags/cashless" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>cashless</span></a> because <a href="https://infosec.space/tags/vendors" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>vendors</span></a> don't want to pay like 0,5% (<a href="https://infosec.space/tags/NowPayments" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>NowPayments</span></a>) - 1,38% (<a href="https://infosec.space/tags/SumUp" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>SumUp</span></a>) for any other alternatives.</p><ul><li>Only <a href="https://infosec.space/tags/Japan" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Japan</span></a> has a higher obsession with <a href="https://infosec.space/tags/cash" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>cash</span></a>!</li></ul>