Monero is used as a digital currency with privacy-enhancing technologies. Great, that I understand which can be very useful when purchasing something online; but, in the short run how is it better than fiat in your pocket?

Also it isn't a SoV and has no fixed limit, so it's not for investors.

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It's the most private form of wealth. As broke states (see France) get ever more desperate they will vtrybtobtax or confiscate anything they can see and price it in their worthless fiat shitcoin.

It's supply is smaller than BTC until 2040. Inflation is similar to BTC and half of gold. Why do you think it's not a good SoV?

SoV, monero has no fixed limit. The PoW keeps it honest but the supply and demand dynamics aren't as attractive as bitcoin.

Looking at the price charts, Monero has held its ground against the shitcoin USD fiat but doesn't come close to bitcoin.

Define "short run" - In the next 25 years? From an investor's perspective, Bitcoin has all the cards on its side for the next 25 years. It is like a financial black hole. Monero nevertheless has an interesting field of application and is also the original dream of cyberpunks and libertarians. Privacy is a human need, and it will be reflected in the price. The inflation of Monero will run towards zero the longer it exists, but that's the long game. In the long game, Bitcoin has some disadvantages, because it is not certain whether Bitcoin will still be mined when the reward goes to zero in the year 2140. It is an economic experiment.

I was thinking short-run as in one year or less. Especially under the Biden administration, let's see how Trump manages his finances. Still why trust a politician when we can separate money from state.

I don't know what SoV means.

SoV (Store of Value) 😉

Cash is private, uncensorable - but not digital

Digital fiat is digital(duh) - but censorable and not private

Monero is private, uncensorable, and digital

Fiat issuance is centralized, unpredictable, and doesn't require PoW

Monero issuance is decentralized, predictable, and requires PoW

Things cash does worse or can't do at all:

-Can't use it to transact instantly with anyone on the planet.

-Can't carry arbitrarily large amounts.

-Vulnerable to confiscation and theft.

-More difficult to verify authenticity on-the-fly.

-Not as easily divisible (Need to carry specific denominations and change)

-Can't trustlessly exchange for crypto (no atomic swaps)

-Can't have multiple people with simultaneous ownership and control over the same cash (multisig)

Lots of differences

Cash can be confiscated, stollen and counterfeited. Good point! I guess it also depends what country you live in that gives Monero its value.