Monero is irrelevant to this conversation, it can’t even verify that there is no supply bug present which is a huge problem. It’s also got an eternal inflation rate so 1 monero this year will never have the same purchasing power as 1 monero next year. So it has failed already in terms of network security, store of value and unit of account
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And yet it still works better than Bitcoin for the average user. No point in saving in Bitcoin if it's too expensive to spend. That store of value loses a lot of value if you have to spend half of it on network fees.
If monero was increasing in purchasing power against bitcoin *maybe* you can make that argument that this is the take of the free market. It’s lost purchasing power every year since inception against Bitcoin in an exponential downtrend
Bitcoin apologists tap dancing around the fact that high network fees break Bitcoin is so tiring. Stop pretending that Bitcoin is perfect. That doesn't help anything. Bitcoin has problems that need to be addressed for it to succeed globally as a payment network, and covering your ears and yelling "la la la la la!" Doesn't solve them. Rejecting solutions that Monero is proving out because of some tribalistic pride is ignorant.
As I said originally, #Bitcoin is NOT guaranteed to succeed.
It’s worked pretty well for 15 years so it’s not unfounded ignorance. I think the only people pretending here are the people that think Monero can substitute for Bitcoin as a store of value or unit of account. Even in dollar terms it has lost purchasing power in real terms since inception.
Let me ask you a question, do you run a bitcoin or monero full node?
Dude you don't even verify Bitcoin so who cares about what you can do when you never do it. No one does it.
All Bitcoiners are relying on their node to verify for them exactly like Monero users. Same category of implementation risk.
No Bitcoiner is verifying hundreds of millions of past transactions in 800,000+ blocks. What about new transactions every ten minutes?
Gold had more inflation than Monero for thousands of years and did just fine.
Not even your purchasing power claim is always true. Monero was up 2.5x over Bitcoin by the end of 2022. Depends on the timeline you bought and/or sold and changes all the time. Any forecasting on future price of either is just speculation.
I run 2 nodes and mine Btc so I have no idea what you’re talking about “you don’t even verify bitcoin” 🤣🔇
Muted for shilling a 25th place ‘crypto’
So then what is the substantive difference between what you do when you run a node and what a Monero user does when they run a node?
You're both merely relying on your nodes to verify.
You aren't taking advantage of Bitcoin's transparency and simple math yourself to audit.