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859 sats \ 4 replies \ @super_testnet 31 Jul 2022 freebie \ parent \ on: For those who dislike Monero…why? bitcoin
Frequent hard forks = central management. I don't want my money to hard fork frequently because I don't want to do code review all the time to ensure I still have exclusive control over my money. Hard forks are an opportunity to insert coin stealing malware into the latest software. The moment you "just trust the devs" not to do that is the moment you lose your financial sovereignty.
Also, I don't like the dev tax. It's cointillionaire-ism, unequal distribution of the flow from the money spigot, not to those who worked for it, but to those who control the spigot.
Also, I don't like the perpetual subsidy. It penalizes people who just want to save their money.
Also, I don't like the inability to audit the supply. If there is a bug that lets someone print monero for free, there is no way to tell if they used it.
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The 0.6 XMR/block tail emission trends toward 0% inflation over time (disinflationary).
Question: How does this differ from Bitcoin's emission schedule in practice? After a long enough time, it would seem as though both Bitcoin's and Monero's block rewards trend towards zero in terms of value / purchasing power. So while Monero will still have tail emission in the year 3000, the value of the token will be dilluted so much that 0.6 XMR won't be worth much regardless.
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By the year 3000, the total monero ever mined would be roughly 178 Million.
Ethereum is 100 million + at $4000+ and expected to increase without privacy
Other coins like BNB are at 200 million +
By the year 3000 we will either have a collapse of civilisation or be star faring, 100s of billions of humans.
Do some quick math. :)
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Thank you for a detailed answer 🙃
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