@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.

• So like with #Shitcoins (i.e. #FileCoin) before, now you have #AiBros and other antisocial assholes going to #scalper #HDD|s, #SSD|s & #GPU|s at the expense of average businesses and espechally #consumers!

Happy #Greedflation everyone, enjoy your #AIslop!

https://www.youtube.com/watch?v=0inAOVCI1K8&t=735

#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
https://youtu.be/KfNsYAl_zKw?si=Ti03BJK2qp_nnHW7

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: https://blog.archive.org/2025/02/06/update-on-the-2024-2025-end-of-term-web-archive/

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 !!

We’re stoked to be on this amazing bill of organizations archiving important cultural things in a decentralized archiving environment, alongside Internet Archive, Smithsonian Institution, Massachusetts Institute of Technology, and others.

https://www.prnewswire.com/news-releases/flickr-foundation-internet-archive-and-other-leading-organizations-leverage-filecoin-to-safeguard-cultural-heritage-302355680.html

We created the Flickr Commons 1k collection to contribute to this important starting point, taking to sample across all our members, and using our emerging Data Lifeboat concept in its very first public release.

"Cook is working on other forms of #decentralization, which could eventually help #thefediverse #scale. He is principal engineer on #Fission at #ProtocolLabs, the creator of #Filecoin and the #IPFS protocol (InterPlanetary File System), 2 popular #crypto projects. Fission says it is building an “edge computing stack” on top of IPFS. I asked Cook what that means, exactly?

“So we are building distributed compute tools…It’s relatively expensive to run a #MastodonServer."

https://thenewstack.io/why-a-twitter-founding-engineer-is-now-all-in-on-mastodon/

ohhh half the demos for IPFS are down and the commits die down slowly :/

i have the feeling that IPFS is slowly dying down, and i think this would be quite sad since it is a super useful technology. [pls see Context further down]

The NFT storage bullshit that was done to gain a bit of publicity for IPFS was really not a good long term strategy.
Also kind of sucks that so many ppl think that IPFS is something something blockchain... although it isn't... i guess it is because FileCoin uses IPFS...

If FileCoin would be usable in the first place this would be not such a big problem IMHO but for now it seams more like a speculation thingy then anything usefully that goes beyond "super complex and slow solution for backups".

At least everything is quite good documented and MIT/Apache-2.0 and other FOSS licenses.

Also Protocol Labs, the org behind IPFS and FileCoin and a lot of cool projects that are super useful for Networking, have discontinued their research grand project, one project especially is something i consider extremely important: Basically a way to get data that is distributed over IPFS anonymously - this would have high impacts for the Freedom of Knowledge. -> here is the research-grant proposal:
https://github.com/protocol/research-grants/blob/master/RFPs/rfp-014-private-retrieval-of-data.md

-> Context:
IPFS is basically BitTorrent but without a central tracker and deduplicates data by default, also the data created the address which means that multiple ppl could upload the same file independently and it would have the same address.

Hey I know that I had that poll on doing more #filecoin stuff here and the majority of you said oh yeah sure go ahead, SELLOUT, but I admit I am chicken. However, I do write a daily work-related email thing, and you can read it/subscribe/add the RSS feed here: https://buttondown.email/dannyob/archive/

#filecoin and the Proof of Spacetime for tonight's @paperswelove Vienna: https://www.meetup.com/papers-we-love-vienna/events/290962821/

In which Jonathan Victor explains the current state of #filecoin much better than I can: https://medium.com/tldrfilecoin/state-and-direction-of-filecoin-summarized-4b90c59e3cca

i guess i'm distracting myself tonight by uploading stats used in historic human rights violation prosecutions to #filecoin

Listening to the indefatigable Molly Mackinlay, Protocol Lab’s head of engineering, walk through what’s next for #ipfs and #filecoin

I feel like the tooling around #filecoin and #IPFS interconnectivity is getting to the point where I feel confident helping people out by using it and talking about it. This should be interesting!