The only reason this shitcoin isn't huge is because it has no supply cap
The only reason this shitcoin isn't huge is because it has no supply cap
No. Its not big, because its crapto, and as crapto got integrated into the uncovered boomer credit bubble pyramid scheme there is 0 incentive for anybody under 40 to even consider investing time, energy or capital into it
Vitalik's latest post highlights the main problem with Monero, complexity. Monero is dominated by a bunch of Anon Babble tier tinkertrannies that don't understand the importance of simplicity such as:
-It makes the protocol simpler to reason about, increasing the number of people who understand and can participate in protocol research, development and governance. It reduces the risk that the protocol gets dominated by a technocratic class that has a high barrier to entry.
-It greatly decreases the cost of creating new infrastructure that interfaces with the protocol (eg. new clients, new provers, new logging and other developer tools).
-It reduces long-term protocol maintenance costs
-It reduces the risk of catastrophic bugs, both in the specification itself and in the implementation. It also makes it easier to verify that there are no such bugs.
-It reduces the social attack surface: there's fewer moving parts, and so fewer places to guard against special interests.
100% correct
But also you are right. Tail emission doesn't work when you have a problem with regulators. 0.6 new XMR every two minutes is fine when all Monero is liquid and has easy access to any exchange. But the delistings means that 0.6 XMR is getting sold into an ever smaller pool of liquidity, having a much larger price impact than inflation would suggest.
if you wanted to buy bitcoin in 2013, here's your opportunity in 2025
Buy my bag
Hahahaha
Not even boomers are stupid enough to buy this tranny crap
Monerochan is sexual, that's enough for me
It has supply cap: 0.6 XMR per block.
It's more secure and private then Litecoin.
If only Monero had supply cap
Doesn't that already exist?
the protocol gets dominated by a technocratic class that has a high barrier to entry
What's wrong with that? Would you prefer retards dominating?
Well in that case why don't we just put all our money in banks? Surely bankers and economists know better than the unwashed masses
But yes, retards (hillbilly Jim who stuffs his mattress with gold coins and rolls of $20s) tend to have better intuition than silicon valley s.o.ydevs and trannies who have to rewrite everything in rust
It's also inferior to ZEC
It remains crapto
non used
gate kept by boomer mind sex pests
Just out of prinicple nobody wants to have anything to do with it, let alone pay the sex pests
Or put in terms of crypto:
Bitcoin (based retards) - it's internet gold! only 21 million, number go up because gubermint stupid (this is correct)
Monero (overthinking trannies) - um akshually fungibility and privacy and agorism and we need to stitch together 15 layers of tech in order to have the perfect piece of post-op trannyware
Unironically this post is a fucking IQ test and you normie faggots all fail it.
If you don’t understand that crypto only has value because people MINE it, then get the fuck out of here and go blow your money in an actual casino.
I’m gonna say it again - crypto (including Monero) only has value because people mine it and provide security to the network. They only do that if they are being rewarded. A perpetual tail emission ensures there will always be a reason for them to mine. Bitcoin doesn’t have this, and we are in for a reckoning in the 2030s and 2040s when the fee market must kick in and subsidize the mining security.
but muh proof of stake
Please go neck yourself; no one wants your literal shitcoins. I can password protect some squares on an excel spreadsheet too; it doesn’t make them valuable.
tl;dr: perpetual tail emission is good.
fuck off jannie
and take your trannime pedophilia somewhere else
OIC
It's a positive feedback loop
complexity
that's nothing with Monero
Actually if you want a medium level of privacy you can download the Cake wallet app and buy and send XMR now. You get the privacy built-in with monero protocol with convenience of an app.
The complexity is for the people that want as much secrecy as possible.
Most people simply want to buy a coffee without C'karmello the barista knowing how much is in their bank account.
I can’t believe Monero actually has FUDers. Feels a bit like the assholes who made up crap about ETH in the very early days
no exchanges to buy it from
OP your low IQ. Kys moonfag
someone needs to make a version of monero with no supply cap
it could be the best of both worlds (privacy and value)
….you’re describing Monero.
Monero has no supply cap. There is a small perpetual tail emission.
it was intentionally designed to discourage hoarding and holding
half a coin every couple minutes isn't that small
however mining difficulty is so astronomically high that you effectively get nothing for mining this on the typical home computer and the low reward also makes it not really worth it to build a monero mining rig. the network pretty much survives on the goodwill of privacy autists
"Saving money is bad!"
t. socialist tranny
Mission accomplished, since no one holds Monero anymore.
Outside of the 10 block wait time there's nothing complex about using monero.
It is not as private as you think
I don’t have a problem with Monero. It does its job well at keeping you private. It won’t explode in value not only because there’s no supply cap, but also because it’s used simply as a unit of exchange, not a store of value.
a minuscule percentage that decreases over time is too much!!!
No it's that no major exchange will touch it because it's so dodgy to have an anonymous currency to comply with KYC laws.
If coinbase listed XMR it'd be at $10k overnight.
needs to znsbakerling the blockchain
why not get rid of the blockchain then
big investors are afraid of being associated with ransomware.
Pretty sure musk would have adopted it, rather than doge otherwise.
the network survives on botnets, baka
I don't disagree about the current vibe of both "communities" but I don't think they matter. Monero has a chance of working and Bitcoin doesn't. Simple as that.
What's the problem?
No cap, but predictable supply
Cake wallet app and buy and send XMR now.
Cake wallet is just a glorified, buggy wrapper around ChangeNOW
Bitcoin also doesn't have a "real" supply cap. BTC got as much of a supply cap as central banks are independent from governments. Kind of, but not really.
The issue is that Monero is honest and keeps things real. If they are dishonest they could also have introduced some fake and gay limit to be reached in 100 years.
it’s used simply as a unit of exchange, not a store of value.
Both are very intertwined
Good.
Keeps more upside for later.
Bitcoin doesn’t have this, and we are in for a reckoning in the 2030s and 2040s
lol disregarded this retarded post Bitcoin will hit 1 million by 2030
you clearly know nothing about crypto
Do you really think BTC will be perpetually appreciating vs precious metals, stocks, real estate and altcoins?
Eventually you can buy the whole world with 0.001 BTC or what?
Bullshit, if it had a supply cap this would be an insecurity. The Inflation is minimal anyway. Maybe because of Maxipad propaghanda that supply cap matters
Cake wallet is just a glorified, buggy wrapper around ChangeNOW
you are fucking retarded
I don't like cake's UI, but they have been innovating on the UX of using Monero, see their background sync, for example. With Seth For Privacy on the reigns, it has lots of potential for bringing monero usage to the masses.