Skepticism Sunday #5 — August 18, 2024 (monero.town)

submitted 3 months ago by k4r4b3y@monero.town to c/monero@monero.town

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Stay on topic:

This thread 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 its 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.

How it works:

Post your concerns about Monero in reply to this thread.
If you can address these concerns, or add further details to them – reply to that comment. This will make it easily sort-able.
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.

https://monero.town/post/3962553

The first principle is that you must not fool yourself — and you are the easiest person to fool.

Richard Feynman

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[-] bobr@lemmy.libertarianfellowship.org 3 points 3 months ago

If we look at the funded CCS proposals https://ccs.getmonero.org/work-in-progress/, a lot of the recently funded proposals have very few donors, while the amount of money donated is quite big, which means that they are extremely generously funded by a very small group of people (sometimes just 1 person!).

Do we know who is funding the proposals? (I know we cannot answer this by looking at the blockchain due to the privacy features of XMR, but maybe there are some accepted theories in the community where funds are coming from?).
What happens if those few people stop their donations?

[-] g2devi@feddit.nl 2 points 3 months ago

Fortunately, you're reading the numbers wrong. Yes, some projects have 1-3 projects. Those projects tend to be side projects (e.g. Revuo, web site maintenance, etc) and are likely founded mostly from wallet providers and Monero service providers since it helps spread information that helps the ecosystem. I know Cakewallet has funded a few of these. The really important projects have 5-70 contributors. If donations stop, then some people would keep working on it because Monero is important, but they wouldn't be able to spend very much time on it so progress would be incredibly slow.