this post was submitted on 07 May 2024

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Monero

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This is the lemmy community of Monero (XMR), a secure, private, untraceable currency that is open-source and freely available to all.

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LocalMonero is shutting down (localmonero.co)

submitted 6 months ago by rottenwheel@monero.town to c/monero@monero.town

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[–] lltnskyc@monero.town 4 points 6 months ago (1 children)

less resource-intensive schemes

Tell us about the options.

And I sure hope you are not talking about "less resource-intensive schemes" that are based on "let's give money to people who have the most money" thus making the cryptocurrencies that use it not only unfair but also even more centralized than bitcoin with its ASICs, right?

[–] Hirom@beehaw.org -1 points 6 months ago* (last edited 6 months ago) (1 children)

Tell us about the options.

Literally anything but proof of work: taler, proof of stake, proof of weight, fiat currency, gold coins, pokemon cards...

These all have advantages and disadvantages, it depends on what users prioritize: polluting less, privacy, decentralisation, convenience, ...

[–] lltnskyc@monero.town 6 points 6 months ago

proof of stake

well, already addressed that in my comment :)

proof of weight

seems to be mostly the same thing as PoS.