So I think that left me to choose for Adoption. We need interesting marketing to let people know that Monero is cool and useful to use as a currency. [...]
but how would adoption actually reflect the numbers with more miners too?
i guess, sure, could be like "aight, let's embrace malicious botnets and that's what's securing the network"
but then, how would that be any better than for example on other coins... embracing only datacenters or whatever to run a node due to their internet bandwith / storage space or whatever
i mean, if we thinking scaling, then nethash would have to scale too
and if nethash scaling, then monero also needs number go up to happen
because then, electricity expensive too, especially at big scale, the numbers need to make sense, they currently dont
so adoption yea, all for it, imo there still needs to be an incentive for mining, or just embracing centralization by embracing malicious botnets...
Bitcoin is popular > influencer try to ride the wave so they can gain new follower and also become popular > Bitcoin become more popular. And the cycle repeat bigger and bigger like an echo chamber, each bounce is only making it stronger
but most people "investing into that bitcoin thing" are not even running a node
and not even saying mining but literally just the node... they not even doing just that...
Isn't adoption and merchant acceptance the same here?
kinda same yea, merchants doing the proper way running their own node then yea, that's adoption right here
but merchants using like btcpay to convert to usdt or whatever, not even running their node, meh, not really the same here imo
I think from a ideological pov, the biggest problem is not the price but adoption.
we can be antimoonboys but still acknowledge that the price is also directly linked to the security of the network
p2p circular economy adoption is important, but the price is also important
low price = easier to onboard
stable price = easier to use as actual currency
high price = better network security
Crypto wallets like Cake already make using it easy enough.
fuck cakewallet, they lost the plot
My biggest gripe with the tech is the concept of waiting 10 blocks to be able to spend your funds again.
yea, that one is annoying to explain, how to make change and whatnot, and even then, sometimes just forgetting to make change, is not too much of an issue tho
and even haveno that had a proposal to remove the 10 block locks, honestly is still very usable even with it anyways
mining profitability
imo the solution to that would be with adapting the model of "botting the videogames" to have a similar ecosystem on top of monero, no need to do any protocol change or anything to monero, just getting a game thing and the ecosystem would do the thing
- would give financial incentive (which mining currently does not anymore)
- would be more fun and interactive
- would be actual p2p circular economy instead of "trading the coin for an other coin"
- would give an entry point into monero for newcomers to make their first piconeros (making it easier to onboard on haveno too, regarding that first security deposit thing)