For those who like #monero what is the max supply?
I can't understand monero freaks, by design there is no way to determine the max supply ie an infinite currency equal to fiat. You're being diluted and you don't even know it. 🤣🤣
#bitcoin only 🤙
Discussion
It's good to express your feelings to those that matter to you.
I'd also add, I find that I am a happier person, when I don't project my expectations to those that matter to me.
CPU friendly mining.
Dynamic block size.
These are also a bit weird.
#Bitcoin only🤙
If you are scared then don't save with Monero.
Save with Bitcoin. Use Monero like cash. Much cheaper to transact, simple to use, and truly private.
Saving with Monero is economic suicide. I'll never do that. If I were in that situation where I couldn't pay with Bitcoin, I will just use local fiat currency as if I'm a normie who doesn't know #Bitcoin.
I said the exact opposite. I said save with Bitcoin. Spend with Monero.
Bitcoin fungibility is garbage and has no privacy. Bad for spending.
It's so obvious like "don't do stupid" so I said again.
I can use LN.
To me, fiat bill is better than Monero.
LN does not have near the same privacy. That is also why no one uses LN in DNMs 😂
Fiat physical bill is not digital. You can't instantly send to anyone on the planet. You risk confiscation across borders. And unpredictable inflation.
Let me know what DNMs are. I'm ready to learn.
what case makes me sending money abroad with privacy?
DNMs = Darknet Markets. Where privacy truly matters and is put to the test. Monero will soon surpass on chain Bitcoin acceptance. LN is not even available on DNMs.
Physical cash is only convenient locally. You can risk sending it thru mail but it will be slow and might be lost or stolen. You wouldn't prefer to send money to anybody you want instantly, completely privately, and without permission from banks/governments?
I want to know the reason based on protocol. As far as I know, privacy of LN is enough(Tor). It doesn't make sense yet.
I also believe that Bitcoin's privacy is sufficient with the help of CoinJoin, P2P, and LN as the chart is showing.
I'm asking why should I send money abroad. for what? How can I receive the merchandises with privacy?
Monero protocol is strong privacy by default.
Amounts hidden using "Confidential transactions"
Receiver hidden using "Stealth addresses"
Sender obfuscated using "Ring Signatures" (16 decoys)
IP obfuscated using "Dandelion++"
Example of a Monero transaction:
~6% chance Alice sent $[?] to [?]
LN privacy is not enough against any serious attacker:
https://github.com/lnbook/lnbook/blob/develop/16_security_privacy_ln.asciidoc#attacks-on-lightning
https://abytesjourney.com/lightning-privacy/
"We identified 27,183 private channels, discovered hidden balances, and showed how a passive adversary can infer payment endpoints with very high probability."
https://arxiv.org/pdf/2003.12470.pdf
Bitcoin coinjoining is obfuscation not encryption. That data and transaction graph is available to be used against you by correalating with more future data. The only reason Bitcoin is still used in DNMs is first mover advantage and wide acceptability. It is not ideal.
You don't have to use Monero I'm just explaining the facts. Use whatever you want.
https://kycnot.me/services?xmr=on
NGMI
CPU friendly mining.
Dynamic block size.
These are also a bit weird.
#Bitcoin only🤙
There is none, Monero has an infinite tail emission of 0.6 XMR iirc.
Maybe fiat is safer, at least a little more transparent. 🤣
There's many problems with XMR, it is simply not suited to be global money like bitcoin. IMO it has its uses for now. Until it gets too big, at which point it is destined to fail, get hacked or get an inflation bug. Bitcoin had several inflation bugs in its history, all of which were caught thanks to a public ledger.
Ultimately, all privacy focuses monero devs will flock to #Bitcoin and make it a more secure and private network, which is a good thing imo.
There is also many problems with Bitcoin.
That is your mistake viewing Monero thru a Bitcoin perspective. Monero is not trying to be "global money". It's a tool for anyone that needs it and carries the spirit of the cypherpunks and white paper "p2p electronic cash" better than Bitcoin.
Monero transaction size has already been reduced by ~80% since inception. As long as the rate of adoption is equal to or below the rate of consumer tech advancement and protocol scalability improvements (this caveat applies to any crypto including Bitcoin) Monero will be fine.
An exploited inflation bug would be equally catastrophic once it happened on either Bitcoin or Monero. Attackers have the advantage. There is no good solution to fix an exploited inflation bug without hurting other users on either Bitcoin or Monero.
Did you know that an inflation bug was only discovered because of a single anonymous user? They couldve easily exploited it, but very luckily they were an honest actor who secretly let the devs know (who couldve also decided to exploit it). If they did exploit it, how would detectable inflation help after the fact? It wouldnt.
Monero is the only crypto currency worth being called crypto, look up the definition. The rest are digital coins.
You don't walk around the street with the amount of money inside your wallet advertised on a billboard. No reason to do it on the cyber world either.
Tell me you don't understand how tail emission works and secures the future of Monero without telling me, that you don't know.
Monero supply is know at any time in the future. You can plan ahead accordingly today for year 2140, 2420 or 2969. And as many of you know the supply of Monero will be smaller than Bitcoin's until 2040.
The speculative "store of value" is unique to Bitcoin. Monero is trying to be "p2p electronic cash" like the title of the whitepaper. You ever read it?
Fiat = unpredictable inflation, massive spikes
Monero = predictable stable inflation, less than gold
If the supply scares you. Don't save with it. Save with Bitcoin. Use Monero. Cheap tx fees <1 cent and gets cheaper the more people use it. Easier, quicker, better privacy than CJing. And all by default.
Hope this reaches you thru the maxi brain rot
