2y ago

Why is Monero hated by Bitcoiners

I'm new to Crypto-currency system and found Monero only logical way to move forward, if I would want investment I would go to SP500. Seems like for most bitcoiners it's an investment and not a way to buy-sell, it's not a currency for them, so what's point? It becomes ponzi/pyramid scheme that way. Also noticed that Monero is hated in that circles (hello Nostr). What's your opinion on the matter?

9 comments

Because bitcoin is more of a religion than a cryptocurrency now, and therefore the bitcoin is the only true ~~god~~ crypto, everything else is heresy :)
- A lot of people here act the same about Monero though
  
  But they can back it up with technical proof as to why it is superior. Bitcoiners cannot. They can only divert and dodge the fungibility issue.
They'll tell you that it's because the supply can't be audited, protocol upgrades occur on schedule and so the protocol is not decentralized, tail emission means uncapped supply and all this kind of stuff. And those may be points that merit discussion. But the real reason is that it's the one coin they can't mention when they say "shitcoin" because people will pick it over Bitcoin.
You can say whatever you want about altcoins, call them shitcoins. Most are. Say what you want about ethereum and the explosion of "crypto", a lot of it is warranted. But Bitcoin has entrenched interests that will never allow a protocol upgrade to make it 100% private, and so they know they cannot possibly compete with Monero. A transparent ledger is user hostile. Maybe it's their bags, maybe it's their tribe, but for one reason or another the maxis will shut you down when you mention Monero because there's no reason that stands to scrutiny why Bitcoin is better.
A lot of hate might come from the fact that a lot of Monero lovers here are complete assholes about other cryptos as well.
They may hate it but they more hates shitcoins.
At least monero follows cypherpunk values that's not common.
Bitmaxis know that Monero is a legitimate contender to what btc wishes it would be. Monero is a threat not only to their "bags", but also to their identities, their convictions, and their emotional investments. That fuels their resentment, and finds outward expression as the smear campaigns and belittlement from them.
But not to worry; you know how it goes: first they ignore you, then fight you...

9 comments