I’m not technical at all but I recently looked up the Moneto max supply and saw that it has a 2% inflation rate with no cap, which makes it not suitable for my primary goal of storing value.
Discussion
no cap = fiat without rewards miles lol
its not even suitable for spending.
costs way more to spend XMR than Bitcoin on the Lightning network and zaps :)
If you can get privacy through lightning or other layer 2s then are coin joins obsolete anyway?
Where do you get your data? What happened to proper research?
Monero inflation is 0.8% per year and therefore exactly the same as Bitcoin's. It's supply is slightly smaller than Bitcoin's.
Gold has around 1.5% inflation and is seen as a superior store of value at $20T shitcoin tokens.
This is just flat wrong. Monero inflation is a constant number not a % of supply
Meaning in % terms it is always falling closer and closer to 0%
https://www.moneroinflation.com/inflation
https://www.getmonero.org/resources/moneropedia/tail-emission.html
Whats monero supply capped at?
Technically I understand it’s unlimited. You can stitch reading here with a “no questions, your honour” face. And your point is definitely made.
But if you look at the tail emission and put it in perspective with time maybe you can understand that some people might find it even convenient.
https://www.getmonero.org/resources/moneropedia/tail-emission.html
To each their own.
The same can be said about USD.
I believe the emission of USD or any government coin is arbitrary and definitely not depending on the code that define it.
But you can't say USD issuance is decentralized, predictable, and requires PoW (the actual problems with money printing) Huge difference
Its almost identical to mining precious metals
Thinking Moneros supply is "infinite" also implies you think Monero will be around forever. Meant to disparage but is also a weird compliment.