It simply shows that Bitcoin has inherent value and it shows the inflation of the dollar. Moneroās dollar price does not go up with inflation because Monero is a shitcoin. As long as Iām paid in usd, usd price matters.
Bitcoin inflation will be negligible within 15 years. Fiat price serves to show that Bitcoin keeps up with inflation better than gold does. Monero does not keep up with inflation at all because it is not good money.
That definitely does not make me a fiat maxi. To be a fiat maxi, I would have to believe that fiat Monopoly money is a legitimate and has actual value. The fact that I cannot buy a house with cash in 2 years on an average income shows that fiat Monopoly money is not real money.
Could that wait until I am getting overtime again?
No, asymptotically ideal money is a concept from John Nash - famous for the often touted term "game theory" that Bitcoin maxis always use
You can never avoid the tx fees completely for Bitcoin even with an L2 (force-closes and eventual settlement) that will always translate into the cost of the L2. You can compare them if you want, but an L2 can never be a full replacement for Monero because they have different advantages and disadvantages. An encrypted chain + L2 will also always be better for privacy, fungibility, and mining censorship resistance.
You act like everyone is using Bitcoin. We're all in a niche within a niche bubble. At least Monero is dominating darknet markets, the only place permissionless transactions are possible, the only place relevant for Bitcoins value prop. All white market transactions are permissioned by definition - the majority of the economic activity in Bitcoin - white market txs are no different to fiat since you must follow the same arbitrary state rules anyway (and taxes can easily offset your gains). In fact it is worse since it is slower, more expensive, less convenient, and smaller network effect than fiat. You give up Bitcoins only advantage there.
https://github.com/libbitcoin/libbitcoin-system/wiki/Permissionless-Principle
Bitcoin is far cheaper and faster to transact with than fiat currency. The only reason Monero is used on the darknet is because of its privacy. That does not offset its shortcomings as a currency. Monero cannot outcompete bitcoin to replace the dollar. Bitcoin will become the standard.
Do you not understand how halvings work? Monero is a shitcoin that will inflate for eternity. Pretty sure you Monero shitcoiners are the hopium addicts. Monero has to increase its supply infinitely and print money to incentivize mining.
Man I just realized the Skyrim soundtrack will be listened to for literal centuries. What a work of art
Are you a Keynesian? A deflationary asset encouraging saving rather than unnecessary spending is a good thing.
When it comes to tx fees, you are missing the important fact that energy cost is constantly reducing.
Being incentivized to save does not make Bitcoin worse as money. Additionally, L2 solutions can circumvent increasing tx fees. The fact that BTC is a superior store of value compared to Monero and that it can be used in exactly the same ways as Monero means that Monero has no place.
There is a reason Monero has not gained widespread adoption. It never will, because it is a shitcoin. Everything Monero can do, Bitcoin can too.
I agree. Consider an elephant, who only has one limb to manipulate objects with.
I do however think that a species with 2 or more dexterous limbs would have a higher chance of inventing things
Bitcoin is deflationary because people will always lose access to wallets, therefore losing those coins forever.
Gold inflates around 1-8% per year, average around 2%. The moment a company can mine asteroids, the gold market will crash as companies mine gold from asteroids. This will be the fastest transfer of wealth in history. Gold price will crash.
The value of something as money is 100% defined by its rate of inflation. This is why gold is more valuable than silver. Silver supply inflates much more quickly. Bitcoin cannot inflate past 21 million total coins. Any currency that inflates will be less useful as a store of value. Nothing will ever wipe out global communications. All modern electronics are protected against EMPs. Solar flares and EMPs are not a threat against modern electronics.
People who save in metals will lose buying power over time compared to people who save in bitcoin. You will be left behind if you fail to recognize what makes something money.
Consider why gold is a better money than any other metal.
1. It is difficult to increase the supply of (on earth)
2. It does not rust or rot
3. It can be held in a safe
Bitcoin has these same benefits. Except that it is significantly easier to trade.
I agree, but will Monero have a place if BTC L2 can provide the same benefits? How does one buy Monero without a debit card or BTC?
Fair. I think itās safe to assume that most intelligent species are quite similar to us due to convergent evolution. They likely have at least two limbs for manipulating objects (arms with joints or tentacles), an ability to see objects up close, and some form of hearing.
It might be less likely for their hearing to be as sensitive as ours, or at least the same way as ours. They might have better low frequency hearing to recognize threats if they communicate non verbally.
Thatās a hard one. Probably gospel music honestly
The circulating supply inflates because of the block reward. At every halving, the block reward is cut in half and the inflation is likewise cut in half.
There are on 21 million bitcoin that can exist, and around 90% have already been mined. As time passes, the inflation of bitcoin will approach and reach 0. Mining will be incentivized by transaction fees.
Monero on the other hand will inflate forever due to its tail emissions. Bitcoin is naturally deflationary, meaning every coin increases in value, while Monero is naturally inflationary, every coin decreases in value. Moneroās rate of inflation is similar to gold, but that means it is not as good of a store of value as bitcoin.
Blockchain transparency is a feature, not a bug. Bitcoin is superior in every way.
How does buying Monero with a debit card offer any more security than transacting on a Bitcoin L2 that mimics Monero? Small changes to the LN could enable true onion routing that fully anonymizes transactions. Even if BTC L2 cannot perform as well as XMR in terms of privacy, the only logical solution is to exchange BTC for XMR when privacy is needed, considering BTC is harder and a better store of value.
I wonder what aliens would think about music. I think our musicality would be our defining characteristic as a species. Itās crazy how a musician can touch your soul
I actually think integrating Nostr would be easier. They could simply convert their servers into Nostr relays. To be fair I am not a real developer or programmer.
They wouldnāt do this anyway because then they wouldnāt have control anymore
Bro my mom has a cat and when I lived there, she would sit at my door every morning and meow loudly until I woke up and then she would follow me around
Yes Iām a bitcoin maxi. We donāt need tail emissions, we could have 1 bitcoin left in the supply and it would work just as well as it does now
Alright wait for the halving lmao Monero is gay. Literally every benefit of Monero can be accomplished on L2 BTC