Nostr Web Client

Why is that? Basically any Bitcoin OG I know also owns Monero.

The primary reason is I can run a bitcoin node and go into it and type “gettxoutsetinfo” and see the state of the entirety of the current supply of the system.

Then I can verify the schedule for the entirety of the remainder of the supply issuance.

Then I can open a lightning channel and transact instant, near-free, self-sovereignly, with better privacy than Monero can offer.

100% Bitcoin nativity, 100% verification of my money’s properties, 100% sovereign, 100% private.

Monero can’t offer this, and never will.

Reply to this note

Please Login to reply.

Discussion

supermass 8mo ago

Why Bitcoin and not Monero? 👇

nevent1qqs0j8e7qskjhkmhhxwz609lng4hv33h5vrp4dgqf4gnyzn56ndftjgppemhxue69uh5qmn0wvhxcmmv4u92vm

ede3d957... 8mo ago

LN and ecash will come to Monero.

You can audit coins and check supply just as you would with BTC with a couple more mathematic assumptions.

Looking at the track record should tell you something. Monero implemented almost all Bitcoin dev inventions like...

Stealth addresses, ring CTs, p2p mining pools, dandelion and recently a p2p DEX. Guess what. It has outpaced Bisq (that ironically still is mostly XMR transactions) after not even one year vs Bisq's > 10 years.

ede3d957... 8mo ago

LN has different privacy assumptions than Monero. I personally use both, but prefer to store my wealth in a private way.

supermass 8mo ago

Don’t say I didn’t try to help you.

You are throwing your “wealth” away.

Ryu Santiago 8mo ago

You sure seem enthused to witness people having fun staying private (HFSP).

supermass 8mo ago

i am passionate about warning people away from ruining their lives on false promises

rafael_xmr 8mo ago

>The primary reason is ...

>... I can see the state of the entirety of the current supply of the system

you can do that with Monero. the command you are looking for is `print_coinbase_tx_sum` on the monero node

>Then I can verify the schedule for the entirety of the remainder of the supply issuance

you can know the supply of monero for any date in the future. the block reward will remain the same forever.

>Then I can open a lightning channel and transact instant, near-free, self-sovereignly

study fcmp

in sumary, Monero can offer all of this, while being private and fungible at the protocol level, and maintaining the security of the system for any point in time in the future with tail emission, and also being scalable to demand with dynamic blocks while also limiting blocks to be small initially. Bitcoin can't offer this, and never will.

supermass 8mo ago

lmao no it can’t, these are not 1:1 and you pretending like they are is why I’ll never have any respect for you people

Hanshan 8mo ago

strange you cant give a actual rebuttal beyond "lol no you're wrong"

supermass 8mo ago

print_coinbase_tx_sum gives a fundamentally different and lesser picture of the network state than gettxoutsetinfo.

that’s a full rebuttal.

would love to hear why that’s not correct!

Hanshan 8mo ago

would be better to say

"summing the coinbase txs doesnt guarantee there hasnt been a undetected inflation bug. gettxsetoutinfo does."

because that explains what the "lesser" picture is.

but its not the whole story,

because we can manually verify that the txs on a block dont create new coins

and people do.

a la https://www.moneroinflation.com/

so.

while everyone makes decisions about what they're comfortable with

there's no reason to believe monero supply guarantees aren't totally solid.

supermass 8mo ago

So you agree with me, appreciate it!

Thank you also for pointing out that you have to trust a third party to verify the full txoutset against inflation bugs, or be an extremely sophisticated developer who can do it themselves.

Sounds complicated. You are right, I (and the rest of the world), will go with Bitcoin and 'gettxoutsetinfo' instead. Much simpler.

supermass 8mo ago

luckily I don’t have to convince you, you are all impoverishing yourselves into irrelevance!

see ya in 10 years if you want to revisit and learn something about money!

rafael_xmr 8mo ago

>you are all impoverishing yourselves

Monero is gaining value versus BTC

>luckily I don’t have to convince you

me neither, so far the black markets have spoken, and I don't have time to convince anyone...

>see ya in 10 years if you want to revisit and learn something about money!

I'll definitely keep this saved to ping back in 10 years

Tauri 8mo ago

Monero had a new all time low back in November 2024. No new highs since 2017. This is abysmal looking chart. I call this being delusional, but you do you.

rafael_xmr 8mo ago

That is not the full chart, the real one goes back to 2014 and the all time low was on december 2014. Not making a new all time low in all of its history means that bitcoin was never able to break a new high in Monero terms, and started falling again. Now that's the chart you should be worried about.

We are also talking about an asset that is loved by governments and corporations, traded everywhere, of very easy access, slowly becoming a strategic reserve of multiple nations and states, has billionaires with large bags to pump up the price, and just recently in this timeframe broke the mark of 100k USD.

The other asset in comparison has been hated, banished, delisted and supressed, is slowly becoming illegal across the world, a new EU law just passed making it illegal, and has to rely on its own community built P2P markets in order to survive

The fact that Monero is beating Bitcoin in all these conditions combined, is astonishing. It shows the true power of freedom, privacy, and decentralization. I'd still rather stay on the side of agorism and free market economics.

https://bitinfocharts.com/markets/poloniex/xmr-btc-all.html

Tauri 8mo ago

If you really think this chart looks any better than the one I shared, you’re more delusional than I thought initially. 😅

rafael_xmr 8mo ago

you must be right, you should bet against it to see how it goes

Tauri 8mo ago

I’m betting against it by stacking more sats and zero shitcoins.