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#filecoin

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@maikel basically, it boils down to the few key features of #Monero:

1. #Anonymity & #Privacy: Unlike with any other #cryptocurrency (aka. #Shitcoins) it's not just pseudonymous in that there is no mandatory linkage between individuals & their wallets, but the entire transaction history and balance is hidden. Unlike say #Bitcoin or #Ethereum one cannot track the coins from the moment of mining to their destination.

2. 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 at worst within 6 minutes and the balance is being unlocked at worst after 24 minutes. This makes it faster than Instant-#SEPA which only has a 1 hour SLA.

3. #Fungibility: Like #cash all it's coins are equal, since they cannot be tracked. This makes Monero the digital equivalent of cash.

4. #Scalability & #Stability: Monero adaptively self-adjusts block sizes and mining difficulty based upon demand (transactions in it's mempool aka. requested transactions that have to be added to the blockchain) and supply (total blockchain hashrate). Unlike Bitcoin and Ethereum it has a fixed Tail Emission Rate of at least 0,6 #XMR (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!

5. Anti-#ASIC and focussed on #CPU|s of general-purpose machines: Whilst it does run on #ProofOfWork, it's specifically designed to run poorly on #GPU|s and not on #ASICs as the latter one are not just manufactured #eWaste but also inherently increase the centralization (with less than a dozen big miners controlling >50% of Bitcoin and Ethereum's hashrate respectably). Thus it's the "least worst" in that regard. #ProofOfStake is not possible due to it's privacy-based setup (#Staking necessitates a public balance) and unlike a #Shitcoin like #FileCoin it doesn't incentivize #hoarding components. (in this case: #HDD|s)

6. Accepted & Convertable: Whilst there is a concerted effort to ban Monero, there are payment processors like #NowPayments 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.

That's the #TLDW of Whiteboard Crypto, Mental Outlaw and The Hated One

And finally:

7. Monero gets continously developed and enhanced, whereas Bitcoin, #Litecoin and Ethereum don't even do proper #upgrades via #HardForks (see #EthereumClassic)...

When those who are supposedly profiteering the most from #AI #Storage needs are warning about the extreme over-demand for that #bubble, you know shit's going bad.

Happy #Greedflation everyone, enjoy your #AIslop!

youtube.com/watch?v=0inAOVCI1K

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@radmin @vozercozer them featuring #Bitcoin #Ethereum, #BraveBrowser and not #Monero, #TorBrowser & #BitTorrent shows that the original creators (not the OP!) are #CryptoBros and #TechIlliterates as they shove in #Blockchain garbage everywhere and fail to acknowledge shortcomings.

  • I.e. #MetaMask is just garbage software and doesn't even work well, far less can replace #PayPal and do actual payments!

Also noone wants garbage like Ethereum, #Filecoin and/or whatever other #Shitcoin they pitch!

Wet-Dry Worldvozer 🎀 (@vozercozer@wetdry.world)Attached: 4 images web 3.0 is when chrome isnt and brave is
Replied in thread

@scy jedes mal, wenn ich #IPFS ausprobiert habe, fand ich es unglaublich kompliziert Dateien da rein oder raus zu bekommen.
Bei #FileCoin sind mir deren Anforderungen zu hoch. So große Storages mit _freiem_ Speicher habe ich nicht.

Die Idee finde ich gut. Vor allem weil es eine Zeit gab wo ich Zugriff auf ~10 gemietete Server hatte. Die meisten hatten weit über 100 GiB Massenspeicher. Ich brauchte für meine Anwendungsfälle weniger als 10 GiB. Da habe ich mich gefragt, was sinnvolles tun.

#GokhshteinMedia caught up with Idris Busari, founder of #ResQRecords, who is bringing his label into the blockchain through platforms like @cryptovoxels. Inspired by past industry shifts, he’s leveraging #Web3 to stay ahead.

@rescueranjazz praised @MBC_Conference for its energy, collaboration, and innovation, with 300+ students and top sponsors like #Coinbase and #Filecoin.

Idris mission? Bridging generations and driving creativity in blockchain.

Watch interview 👇🏼
youtu.be/KfNsYAl_zKw?si=Ti03BJ

if you're one of those sick freaks who loves rescuing data for fun and democracy, the Internet Archive posted an update on the End of Term Archive: blog.archive.org/2025/02/06/up

Interesting they are using Filecoin as an added layer of preservation. I'm skeptical of all crypto but some people have told me that filecoin is the "only good implementation" of it. still skeptical. Archivists, plz share your hot #filecoin takes !!

blog.archive.orgUpdate on the 2024/2025 End of Term Web Archive | Internet Archive Blogs