PoW means you’re doing work to support XMR, so any XMR you get from mining is deserved. Yes, bigger entities have an advantage in doing more work, but so do off-grid mining with cheap/“free” energy in cold climates. It all balances out.

With PoS, the more you have, the higher your validation rewards, and the higher the rewards, the more you rewards, the more you have, which leads to even higher validation rewards. This rapidly leads to a few players dominating and the rest of the people fighting for crumbs at an accelerating rate. Plus since the big players are the only ones getting rewards, the little guy has to stake with the big players, increasing the profits for the big players (hooray for capitalism!). However, if there is any slashing, the penalties are spread to all the little guy stakers (hooray for socialism!). This leads to a situation that encourages big players to go for a 51% attack since if they succeed, they get wealthier and if they lose, their losses are absorbed by everyone else.

This can happen in PoW too (see Blackrock and Michael Sailor), but even there having a lot of the coin does not give you more power, only doing the PoW, so the growth is slower and the extra XMR doesn’t give you more power over XMR. Having a tail emission like Monero does should be enough to ensure that eventually no matter how much you have, it will be diluted by what’s yet to be mined.

PoS has two main problems: (1) It makes the blockchain less resistant. (2) the Cantillion Effect. With PoS, all it takes to do a 51% attack is to have enough XMR.

If you look at the existing financial system, you can regularly see the big players openly sabotaging themselves to either kill competition or push down prices to cause a panic and then silently buy back more than they had sold while people are still panicking or just because they are subsidized to do so (e.g. DEI). With XMR’s antagonism to the existing financial system, PoS would be a death sentence. PoW + PoS changes little since you can just game the algorithm so the PoW doesn’t matter.

The Cantillion Effect is essentially, people with wealth get more and more power over time to game the system because they have wealth (PoS) and not because the did anything to deserve that wealth (PoW). It’s the whole reason why the financial system is the way it is now and XMR should have no part of it.

Exactly which problem is it trying to solve? If it’s KYC-free purchases, Bitcoin and Monero and Gold/Silver already give you that and unless it has enough mindshare (something that is almost impossible to get even for megapower, see Microsoft vs android and Microsoft vs iPod) this option won’t be available. If it’s privacy, Gold/Silver and Monero gets you that. If it’s traceability but privacy for “legal uses”, CBDCs are supposed to give you that. Note, a big issue today is banks not holding enough reserves and not allowing you to move your money. Tales, by its nature depends on 3rd party custodians thus can be shut down or collapse if the custodian goes out of business or refuses to validate spends. Bitcoin and Monero and Gold/Silver allow for self-custody, ensuring that your money stays your money.

Did we watch the same video? The black hood is more a symbol of Antifa than anything on the right and I didn’t hear any mention of Ukraine but even if I missed it, criticising support for Ukraine has nothing to do with right or left. Both RFK and Trump are on the same side on this as are many anti-war leftists and libertarians. Also, many republicans and democrats support escalating in Ukraine. It’s not a left or right issue.

Thanks. I can see it now. It seems it’s been picked up by Monerotalk (see https://www.youtube.com/watch?v=PKrN-bnUvfw it should be on odsyee an hour later) . Anyone that wants to give a shout out for the project should join the viewers on stage segment of the show.

Thanks for your hard work. This is exactly what we need. I really don’t trust hardware wallets.

Can someone repost the demo video on another site like odysee or peertube or even torrent? I can’t see the the video without signing into telegram and I don’t want to give my personal information (like emails) to any site that I don’t use the app. Hopefully the source code can go on something like the Monero github so the source code can have more eyeballs and more confidence that the source matches the apk. There are anonymous contributors to Monero, so it must be possible to use something like github anonymously.