How many monero are in circulation? I thought monero did two things to kill itself:
1. It’s so private you would never know if there was a double spend or if someone was creating more monero out of thin air.
2. The network actually approved creating more monero for some fee payment or miner incentive bologne, not realizing the value of a hard cap.
But also bitcoin fixes these two things.
18,446,744 Monero in circulation. Run a node to verify this yourself just like you would with Bitcoin.
Idk where you figure that Monero killed itself. It's steadily going up on every metric as far as being used (especially places it actually matters AKA not permissioned white market transactions that defeats the entire point of Bitcoin).
1. Depends on the exploit. Some are harder to find than others. Trade-offs of privacy and transparency.
2. A hardcap means you'll be paying more fees (already true currently), especially in the future with more adoption, and hemorrhaging money the more you actually use Bitcoin as p2p electronic cash. It's a bad design for currency. Even lightning breaks when fees rise even modestly like we saw earlier this year. You can argue that it's better for SoV if you want, but a hardcap doesn't necessarily mean more valuable if you subscribe to subjective theory of value.
https://github.com/libbitcoin/libbitcoin-system/wiki/Scarcity-Fallacy
A hard cap is a retarded knee jerk reaction to fiat insanity and is a poor design for a currency.
if you want digital real estate, ok go for it.
we want digital money.
Maybe that’s why saylor is calling bitcoin capital 🤷♂️ and I guess in that case if bitcoin is golden digital real estate and monero is untraceable cash, the best move is to save in bitcoin and then when you want to buy something just convert it to monero if you have to. 🫡
Which is fine.
Just be careful swapping back and forth.
It's easy to degrade your privacy that way.
