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the monero supply is also fixed and predictable, theres no difference except you trust Bitcoins supply issuance to stop sometime after you're dead.

also if you think supply inflation prevents something from being hard money, youll have to explain why gold has been a solid SoV for 4000yrs.

moneros annual supply inflation is ½-⅓ golds.

the problem with a hard cap isn't that there aren't enough monetary units. the problem is that you incentivize SoV as much as possible and disincentivize MoE as much as possible. everyone defers spending when their money appreciates in buying power (without them doing anything.)

meanwhile people who actually USE Bitcoin for purchases pay the network security fees.

this is an extremely bad incentive structure.

Khanto Blackhand 3mo ago

Monetos supply is infinite not fixed because of its tail emissions. Bitcoin has a fixed supply that is predictable and know there isn't going to be inflation.

The only reason why gold stood as the main currency of the world for a while was because it was the only portable option before the invention of fiat by the Chinese. Even then Gold still has more value than moneto as you can melt it for jewelry and parts for electronics. Bitcoin has its value from being hard money without and fears of a inflating supply and its strong security assurances.

People actually use Bitcoin for everyday spending as its my only currency I use and spend and save. I know many people use it. There's businesses that accept it for example nostr:nprofile1qqswp94gnm4epqsgjkndl4lnd8krzdj5u4mzuppdtxksdymkty63g7gpp4mhxue69uhkummn9ekx7mqpzpmhxue69uhkummnw3ezumrpdejqw3z3ce nostr:nprofile1qqsfnnh6v3dspqtnwv3e46aed5k3nypyfx2wtet92ekg9szt3hr9k4qp8pmhxue69uhkc6t8dp6xu6twvuhxyetwvd5x7erjdanxvtnrdakj7mn0wd68ycmvd9jkuap0v9cxjtmkxyhhyetvv9usz8nhwden5te0dehhxarj95crxtnydaexzenpvd6x7une9ehhyecj4jdzt and nostr:nprofile1qqs2gndun24r2utk5l20tscsdprw5zttvm0qk58w8xhl2ja2kmzt7jcpvemhxue69uhkv6tvw3jhytnwdaehgu3wwa5kuef0dec82c33x5ehsmt90q6ry7p5vd5xge3hx5mksupnwym857rpvaukk6m9dvmhqer8wa6hwepsxu6rjd35v34hj6rp89ensvnj096ns0mzwfhkzerrv9ehg0t5wf6k2qg7waehxw309ahx7um5wgkkgetk9emk2mrvdaexgetj9ehx2ap05npa2h many others accept Bitcoin for their goods. Are you going to tell them that they're hallucinating the Bitcoin they received?

There is also 2.1 quadrillion satoshis the smallest unit Bitcoin. There's more than plenty for people to use and spend, you don't have to use a whole coin to spend and save in.

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Discussion

Hanshan 3mo ago

at no point is Moneros supply "infinite".

how is something infinite when at any point in time you know exactly how much there is?

I didn't ask you why people used gold as money. I asked you why its been a stable SOV for 4000yrs.

because it has, particularly after the invention of fiat.

if you're seriously telling me you only spend Bitcoin, I'm gonna assume you're a child living in their mothers basement.

I just got new tires on the truck, they dont take Bitcoin. 80 gallons of propane? they dont take Bitcoin either.

But it IS cool to be able to buy things with it directly p2p. This how we win.

It's just there's more people using Monero for that 😁

Khanto Blackhand 3mo ago

Its simple economics, more supply equals dilution. Even if its predictable, it devalues the currency unless its fees are burnt.

Fiat is portable and easier to make than gold. That's why they moved from gold, its price in fiat is only valued due to speculation and hedging from inflation. 1BTC=1BTC and nothing can change that unless everyone gets to consensus to change it. Which is highly improbable.

I literally do live off of Bitcoin, I have a diesel truck that's fueled by Biodiesel from cooking oils I collect from a few restraunts and I either barter or provide services for things I can't get with Bitcoin. Now if its dire I would borrow against a small amount of my coins to use fiat. But I only do that once a year for federal and property taxes. Also you are running out of points so you're resulting to insults. Be better, don't be the loser talking down to someone.

The person who I buy my truck parts takes Bitcoin, the person who I buy my supplies to process cooking oils to Biodiesel takes Bitcoin. I grow most of my food and I either work or barter for any meats I get from the local butchers. I also press ammo and trade them for things I need. I even found someone who accepts Bitcoin to get me stuff that would require fiat. Thats how I bought some trading cards without needing fiat.

Also you can't prove that people are doing P2P on moneto. It is easy to game it with its low barrier to transact and hidden amounts sent. On Bitcoin you can on layer 1, I use layer one for bigger purchases for its finality and ultimate security. That's why a transparent ledger is necessary for a monetary system to thrive.