It was very nice meeting you dnaleor
Yeah, Monero, I have thought about you sometimes.
Do they have a nice client already?
I think it's proof of work though right? That really puts me off. Makes no sense to me for a new coin.
The client is still in development, but the webwallet is very usable. It's a 'blockchain.info style" wallet: the keys are not stored on the server.
It's indeed a PoS coin, but the technicals are a little different. A 51% attack on Monero can not do the same harm as a 51% attack on BTC.
Quoting one of the devs:
The only thing to be gained from a 51% attack is breaking consensus, and that would be tricky-ish to do anything very meaningful with that. But the normal 51% attack "issue" (the double-spend) is simply not an issue.
Check also
this website and read about 'double-spending proof'
Anyway, in the end it's your money. But I think the risk/reward is very good at the moment. price just found a bottom and it's looking good. putting a very small percentage of your BTC in XMR would be a nice gamble
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I heard you sold everything except crypto and precious metals. You are becoming a hard core crypto fanatic
It's funny, I have around the same % in precious metals as you, the rest is in crypto (40% BTC 60% XMR)
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PS: next meetup is saturday 10 january, always welcome