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> the crypto used for extra privacy makes it harder to audit the total supply of coins

However, historically, Bitcoin had an inflationary bug, while Monero does not. Therefore, this argument is not particularly compelling.

> the coin emission schedule (inflation)

I understand that you and I won't live to see 2147, but this is a time bomb in Bitcoin at the moment.

> limited options for second layers, which presents a problem for future scaling in case of massive adoption

The Lightning Network was a crooked crutch in 2017, and it remains so to this day, as even the biggest hypocrites in the Bitcoin community have acknowledged. Well, I don't see any "mass adoption" as a currency.

> the choice of preventing ASICs which limits the total hashing power of the network, making reorgs more likely.

This problem will be solved in the near future.

Wonteet Zebugs 1mo ago

> However, historically, Bitcoin had an inflationary bug, while Monero does not. Therefore, this argument is not particularly compelling.

An inflationary bug in bitcoin can be spotted. In Monero, it could go unnoticed.

> The Lightning Network was a crooked crutch in 2017, and it remains so to this day, as even the biggest hypocrites in the Bitcoin community have acknowledged. Well, I don't see any "mass adoption" as a currency.

I must confess that I'm not really fond of the lightning network. It has failed many times for me. Many "unroutable" payments. And to get the best experience possible, you basically need either a custodian or a very well connected node, which basically means the NSA nodes in Virginia.

I prefer to use Liquid, which is basically a half-custodian. I'm not very happy about it. But it works well, without fail (until it doesn't).

> This problem will be solved in the near future.

What direction is monero planning to go on the ASIC issue? Could you tell me more about that?

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Discussion

TheFuzzStone 1mo ago

> An inflationary bug in bitcoin can be spotted. In Monero, it could go unnoticed.

Regardless, the clumsy hands of Bitcoin Core developers led to an inflationary bug in Bitcoin. :)

All coinbase coins in Monero are mined publicly, which means it is very easy to check the supply.

> What direction is monero planning to go on the ASIC issue?

Definitely not in favor of ASICs. Let the big corporate boyz mine Bitcoin. The Monero community doesn't want them in the network.

Several options are currently being considered. All are in the research stage.

Tauri 1mo ago

To clarify, I don’t think any of those are serious issues with Monero. The short answer is that due to Monero’s preferred tradeoffs, it can’t really hope to become money for the world.

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TheFuzzStone 1mo ago

Global money?...

Are you seriously thinking that Bitcoin will become global money?

I don't care about "global money" status.

Today, I already buy more goods and services with XMR than with BTC:

1) xmrbazaar.com

2) monerica.com

For me, it's already "global money."

Tauri 1mo ago

Ok Monero bro, good luck with your “global money”.

TheFuzzStone 1mo ago

And good luck to you.