So they pivoted the marketing to it being a "store of value".
The lowest daily average cost per transaction in the last month was $0.81, and the highest was $2.52.
That's not remotely true. Nano is up and running like 9 years now and has survived countless spam attacks. The last attacks have gone completely unnoticed except by people watching for them.
As a non-inflationary feeless currency it's inherently far more decentralized, and tends to decentralize over time.
Why on earth would POW be the standard when block lattice is better in literally every way? It's faster, safer, and 10x more efficient than a Visa transaction.
And then there's quantum resistance.
Why do people on a tech site full of 'smart' people let statements that wrong go unremarked. It's weird.
It's like someone was saying, watermills are great because they can help you mill your flour. Someone else chimes in like, hey, you can actually just get a wind turbine or a solar panel now; it's way more efficient... And then you - a year old account with -1 karma - jump in saying, 'lol solar power shills still exist?!'.
Like... Who's the shill here? How much BTC is in your bag?
Globally visible transaction permanence.
When you pay the 1.5% visa transaction, you don't get that.
And you don't need that for buying a coffee, or almost anything.
Microtransactions are just not a good use-case for the Bitcoin network.
The drawback with anything beyond Bitcoin is that in order to buy those currencies, you need Bitcoin. There is an extreme correlation with the price of Bitcoin and every other cryptocurrency.
Bitcoin's current hashrate is 95 Petahashes/second, while Litecoin is 2.35 PH/s.
I suppose both are big enough that one does not have to worry about the network being easily hijacked.
But when you get below a certain point, the price for taking over the head of the chain temporarily is a real amount of money, not an astronomical one.
And what's worse is that it's impossible to reliably predict the correct fee to be able to get into the next block.
This means that at any time if you're unlucky your payment might get stuck for hours, days or even weeks.
Lightning exists for a reason. Comes with far more privacy too -- arguably even more than Monero, if done right.
The problem is that a cryptocurrency could support both large and small transactions, which Monero does.