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105 sats \ 8 replies \ @Zepasta 5 Sep 2023 \ parent \ on: Convince me, a bitcoin fanatic, why Monero is the future of crypto. bitcoin

Austrian economics emphasizes the importance of sound money, which maintains its value over time. Bitcoin's limited supply (capped at 21 million coins) and decentralized issuance ensure that it cannot be subject to inflationary pressures or arbitrary monetary policies. Monero has a infinite supply. This makes it a the oposite of a store of value in the long term, especially in comparison to Bitcoin.

150 sats \ 7 replies \ @fwynn 6 Sep 2023

Unless you account for the inevitable entropy of funds being lost in unreachable transactions.

I mean it's a bit like saying "gold is in danger because sometimes we drop it in the ocean". But maybe you see my point

5 sats \ 0 replies \ @Michelson_Morley OP 6 Sep 2023

literally the first person here to steel man monero lol. good luck! By the looks of things, you're up 100k sats on saturday.

0 sats \ 5 replies \ @Zepasta 7 Sep 2023

If people can't audit the blockchain, it's just like Fiat. If there is no supply cap, it's just like Fiat. If it has been losing value over time, it's just like Fiat.

THERE IS NO SECOND BEST

55 sats \ 4 replies \ @yo2xncv0 8 Sep 2023

Not true. The Monero blockchain is auditable with a node just like Bitcoin. It is just audited using more complex math vs Bitcoin. Bitcoiners trust complex math and cryptographic assumptions in other critical areas of Bitcoin, but not with this? Seems inconsistent: https://sethforprivacy.com/posts/dispelling-monero-fud/#you-cant-audit-the-monero-supply

And in practice, no Bitcoiner is taking advantage of it's simple math to audit the blockchain. No one manually checks every 10 minutes that all inputs = all outputs. They just run a node and don't give it another thought. Exactly as any Monero user would.

Yes, no supply cap, but supply is steady and predictable (unlike fiat) and it is less inflation than gold. It is also decentralized, permissionless, non custodial, final settlement, p2p, and FOSS. So no it isn't "just like fiat".

0 sats \ 3 replies \ @Zepasta 8 Sep 2023

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0 sats \ 2 replies \ @yo2xncv0 8 Sep 2023

Don't hold Monero long term and/or don't hold a lot if you think this trend will continue. Use it like cash. This isn't difficult.

0 sats \ 1 reply \ @Zepasta 8 Sep 2023

Name 1 exchange that accepts Monero. And i doupt there are many P2P offers.

113 sats \ 0 replies \ @yo2xncv0 8 Sep 2023

LOL 🤦‍♂️ Are you serious? Kraken is a major one, but I don't recommend KYC CEXes.

There are so many, but I'll only list a few popular P2P and KYC free ones

https://kycnot.me/search?q=&type=exchange&xmr=on

Agoradesk Bisq Robosats LocalMonero

You can swap any crypto and get Monero using these exchange aggregators too: https://trocador.app https://orangefren.com/ https://intercambio.app/

Or this atomic swap: https://unstoppableswap.net/