Replying to Avatar Shadowy Badger

Come to think of it, mthis is an interesting lens to view this from :

Choose either of the below. You can only choose one.

1. The ability to transact freely, easily, and privately.

3. The ability to save in a sound monetary base that doesn't get deflated away by the state.

Which way anon?
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Jordan S 1y ago

I have no problem with an increase of supply in currency, in fact it's the more reasonable option to do so.

A cap of 21 Million becomes an issue as more, and more coins are lost forcing people to not transact with it.

Whereas Monero will have a stable, and constant supply, valuable enough to hold but also replaceable enough that it can be spent, and replaced.

Monero has maintained, or increased in value gradually despite this.

I support the first, while Monetary Debasment is a problem in Fiat, I don't think that same problem is in Monero, I support Bitcoin as a tool to help fight against Monetary Debasement but over the long run, I think Monero is more practical choice in day to day exchange for the average person.

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Shadowy Badger 1y ago

I think it's important to keep an open mind. Both BTC and XMR are experiments. It's not a given that either will succeed in what they set out to do.

But the good news is it gives us two experiments instead of one, and since we have two running, the odds that we succeed in the overall quest to separate money from state goes up a lot.

Currently I like using XMR as a pseudo BTC Layer 2, but I have concerns over its long term feasibility if most people don't use it as SoV