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Skepticism Sunday – July 18, 2021

Please stay on topic: this post is only for comments discussing the uncertainties, shortcomings, and concerns some may have about Monero.

NOT the positive aspects of it.

Discussion can relate to the technology itself or economics.

Talk about community and price is not wanted, but some discussion about it maybe allowed if it relates well.

Be as respectful and nice as possible. This discussion has potential to be more emotionally charged as it may bring up issues that are extremely upsetting: many people are not only financially but emotionally invested in the ideas and tools around Monero.

It's better to keep it calm then to stir the pot, so don't talk down to people, insult them for spelling/grammar, personal insults, etc. This should only be calm rational discussion about the technical and economic aspects of Monero.

"Do unto others 20% better than you'd expect them to do unto you to correct subjective error." - Linus Pauling

How it works:

Post your concerns about Monero in reply to this main post.

If you can address these concerns, or add further details to them - reply to that comment. This will make it easily sortable

Upvote the comments that are the most valid criticisms of it that have few or no real honest solutions/answers to them.

The comment that mentions the biggest problems of Monero should have the most karma.

As a community, as developers, we need to know about them. Even if they make us feel bad, we got to upvote them.

To learn more about the idea behind Monero Skepticism Sunday, check out the first post about it:

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There are not enough avenues to procure non-kyc Monero which is an extremely important step in remaining anonymous. Buying a privacy oriented coin by having to enter all your personally identifiable information is counter productive to privacy. I am sure someone will mention localmonero or Haveno but even that isn’t enough. In fact dealing and operating as a crypto vendor with in person cash is considered a felony and is punishable in court if you don’t have a valid money services license. How are we supposed to get non-kyc Monero? They will make it almost impossible to get non-kyc Monero. This doesn’t have any instant ramifications due to the fact that Monero hasn’t been “cracked” but what about when it is? Assuming that quantum computing never comes to fruition is a dumb gamble. When this happens all previous transactions will be unveiled due to the blockchain being immutable. All previous transactions are unable to be retroactively updated to the new quantum proof security. This doesn’t have huge ramifications however if you used non-kyc methods of acquiring your Monero. If previous transactions get unveiled and you used non-kyc then who cares since nothing can be linked back to you? I feel that the inability to get non-kyc Monero easily is an important thing that is entirely overlooked. It may even be in my opinion one of the weakest areas of Monero


I heard that monero wants to remove the 10 block output lock requirement, if this is true wouldn't that make outputspace sybil attacks easier to mount and more effective?


I heard that a mining pool has more than 50% of the hashrate in Monero, should we worry about this?


No skeptics today? I strongly support Monero, but this thread is a consistent source of valid critique and information.

Together we can make Monero stronger.

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