It’s true. The biggest impediment to understanding Monero is not intelligence. It’s ego.
You have to re-assess something you previously dismissed. You have to buy in late compared to what you could have done earlier, and accept that. You have to embrace the fact that you are but a tiny node on a network that nobody controls.
Wrong. I bought monero 2016/2017 at around $60, it barely 3x'd in all those years. When you look in BTC terms it's a huge opportunity cost.
Also it has infinite inflation and you can‘t really audit supply. Likely can easily be 51% attacked.
It may be interesting for anon payments but it's surely not a store of value. That said, not sure it solves payments better than LN/ecash swaps.
Counterpoints:
Gold has been money for thousands of years. Cash is a $100 trillion market cap. Bitcoin is hardly 15 years old and barely over $1 trillion.
Gold and cash are private and fungible like Monero. Bitcoin isn't.
You can't directly audit circulating supply for gold or cash either. Doesn't stop them from being valuable and having massive mcaps.
Monero has less inflation (3coins/10min vs 3.125coins/10min) and less circulating supply (18.4mil vs 19.7mil) than even Bitcoin right now
Less annual inflation than gold. And since it is a reward is a constant, inflation in terms of % is constantly falling.
If you want to audit then run a node like you do with Bitcoin.
You wan't us to believe even a fraction of bitcoiners are combing through input/outputs of 1billion+ transactions on Bitcoin? They just run a node and don't even pay attention.
More scarce doesn't necessarily mean more valuable either. Value is subjective. You can control supply, but can't control demand. The market is a constant discovery process.
https://github.com/libbitcoin/libbitcoin-system/wiki/Scarcity-Fallacy
