I mean this is a bit of a pointless argument in semantics, but if Michael was referring to the total supply, circulating or not, you can see the total supply produced by mining for both Bitcoin and Monero. It’s essential that the total supply is available otherwise the value is meaningless.

As for the total currency in circulation, it’s impossible to tell for any currency. People with cryptocurrency have died and the private keys lost, same as how cash can be misplaced.

You cannot validate the total supply of #bitcoin in circulation either

There’s too much cool stuff to list here but have a look at the official website at https://getmonero.org. https://monero.garden is another introductory website. If you want a beginner friendly book that goes into depth about how monero works, have a look at mastering monero (you can download the pdf for free).

As for what the value is based on, the same as bitcoin: basically nothing. Just what people are willing to pay for it.

Besides privacy, the community is small but extremely dedicated and tight nit. Monero is also interesting because can be mined on CPU and is currently a good mining currency. The mining algorithm that it uses is cool because it works best on CPUs and makes ASICs unprofitable for now preventing centralization of mining (which has happened to bitcoin due to asics unfortunately)

Also, while Monero has much less tx volume than Bitcoin, it can at least accommodate changes in network usage with the dynamic block size

https://tx.town/v/xmr-btc is a super cool page. It compares tx men pools of #monero and #bitcoin. The difference is night and day, it’s not even a contest. To people who say Monero isn’t scalable: have a look to your right

May Aaron rest in peace. We won't forget his martyrdom. I hope he's sharing the knowledge amongst the populace somewhere in heaven.

Forgive the pedantry, but wouldn’t it not be fully self-custodial if you are giving or storing your keys with another party? If they can sign transactions for you they can also sign transactions to steal from you

Can someone explain to me why this is good? Sounds like another custodial wallet.

Been pretty slow on #monero #p2pool mini recently. Might be a good opportunity to get started and help the network via mining

Would the real fiatjaf please stand up?

I wouldn’t trust either. Lightning is built on top of a flawed system, adding faster transactions but reducing security. Bitcoin itself is too centralized due to high fees and ASIC mining.

Monero is the only currency that comes close to Satoshi’s original vision of a currency that is truly distributed and not controlled by any one group or entity.

Don’t let the rich get richer

Censoring sensitive content (such as private keys) by blurring might not be enough to prevent the original content from being recovered, so you should use a black box instead

Pro tip: under certain circumstances, censorship methods such as Gaussian blur can be reversed. If you want to prevent this, use a black box instead