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The circulating supply inflates because of the block reward. At every halving, the block reward is cut in half and the inflation is likewise cut in half.

There are on 21 million bitcoin that can exist, and around 90% have already been mined. As time passes, the inflation of bitcoin will approach and reach 0. Mining will be incentivized by transaction fees.

Monero on the other hand will inflate forever due to its tail emissions. Bitcoin is naturally deflationary, meaning every coin increases in value, while Monero is naturally inflationary, every coin decreases in value. Monero’s rate of inflation is similar to gold, but that means it is not as good of a store of value as bitcoin.

Blockchain transparency is a feature, not a bug. Bitcoin is superior in every way.

How does buying Monero with a debit card offer any more security than transacting on a Bitcoin L2 that mimics Monero? Small changes to the LN could enable true onion routing that fully anonymizes transactions. Even if BTC L2 cannot perform as well as XMR in terms of privacy, the only logical solution is to exchange BTC for XMR when privacy is needed, considering BTC is harder and a better store of value.

mbl 1y ago

"Bitcoin is naturally deflationary, meaning every coin increases in value, while Monero is naturally inflationary, every coin decreases in value. Monero’s rate of inflation is similar to gold, but that means it is not as good of a store of value as bitcoin."

- Bitcoin is not deflationary and will never be except if you burn coins

- Gold just did x10 in 20 years, he didn't decrease in value

- The value of something is not defined by inflation or deflation, it just have a little impact except if this inflation (or deflation) is crazy like FIAT.

- Ethereum is now deflationary, but the value can crash 100% if no one want it.

- Bitcoin is not a good store of value, what will happen to Bitcoin if a massive world war or solar eruption happen ? Bye bye Internet, all crypto will be wiped out. There is only 2 good store of value: Gold & Silver. Bitcoin is not and will never be a digital Gold, it's a nonsense, Bitcoin is a program, a tool, a network, but it's not physical and will never be.

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Discussion

Ancap Revolt 1y ago

Bitcoin is deflationary because people will always lose access to wallets, therefore losing those coins forever.

Gold inflates around 1-8% per year, average around 2%. The moment a company can mine asteroids, the gold market will crash as companies mine gold from asteroids. This will be the fastest transfer of wealth in history. Gold price will crash.

The value of something as money is 100% defined by its rate of inflation. This is why gold is more valuable than silver. Silver supply inflates much more quickly. Bitcoin cannot inflate past 21 million total coins. Any currency that inflates will be less useful as a store of value. Nothing will ever wipe out global communications. All modern electronics are protected against EMPs. Solar flares and EMPs are not a threat against modern electronics.

People who save in metals will lose buying power over time compared to people who save in bitcoin. You will be left behind if you fail to recognize what makes something money.

Consider why gold is a better money than any other metal.

1. It is difficult to increase the supply of (on earth)

2. It does not rust or rot

3. It can be held in a safe

Bitcoin has these same benefits. Except that it is significantly easier to trade.

mbl 1y ago

"Nothing will ever wipe out global communications"

Do you know the future ?