As much as I love Monero, the only big disadvantage that it loses to Bitcoin in is the fact that, much like fiat, the supply is unlimited.
A dual system of using XMR and Wownero would be a better choice than just using XMR alone.
Source: TheModelAnarchist
#Agorism #Anarchy #Antistate #Inflation #Fiat #Bitcoin #BTC #Monero #XMR #Wownero #WOW
Current rate of inflation in #Monero is smaller than in #Bitcoin. The reason for smaller growth is that corporations, ETFs and governments are not buying into #Monero.
Its not unlimited supply. Its a tail emission which pays the miners.
I'm confused.
Like gold became worthless as a SoV because of 3000 years of supply inflation?
Bitcoin can have a fixed supply, or a greater assurance of future mining security, but not both. Gambling that transactions fees alone will pay miners enough to secure the blockchain is a non-trivial risk. Might work, might not.
Would fork if it doesn't. Hope hashrate doesn't become weaponised before that.
Not so sure it would. 21 million is the strongest Bitcoin meme. Would be widely sacrosanct and pretty devastating to change that.
There is also a growing part of the community that are ossificationists. They say nothing is wrong, Bitcoin is perfect, even when defects are staring them in the face.
The more time passes the harder it will be to make any changes.
Response to the video:
Fiat issuance is centralized, arbitrary, and "printed from thin air"
Compare this to Monero which is decentralized, predictable, and requires PoW (more similarities to gold)
L. Stop hating on Monero.
It looses on network effects and scalability.
