Oddbean new post about | logout
▲ ▼
SaberhagenTheNameless | 4 months ago (raw) | root | parent | reply | flag +1 
 Name any L2 that exists right now that gives us strong privacy that doesn't have at least one of the following 1) custodians 2) permissioned transactions 3) painful UX
▲ ▼
TheBitcoinBattery | 4 months ago (raw) | root | parent | reply | flag 
 If we don't have them yet then we will soon. I think more about the macro effects of Bitcoin on society because the governments no longer have a money printer. Bitcoin's planned every 4 year halving events are superior to Monero's perpetual 0.45 (IIRC) block subsidy. Monero never becomes more valuable related to time anymore. Bitcoin does in perpetuity, which means it will grow in value in perpetuity.
▲ ▼
chucklangstrumpf | 4 months ago (raw) | root | parent | reply | flag +2 
 IDK what you are talking about, they have their printer and its running great. There is nothing which forces governments to use BTC - and they will surely not do it for stuff you should not know in their opinion.

Monero keeps an incentive for miners  to mine blocks with its tail emission. BTC will sooner or later switch to that too, wait for it.

BTC lost almost all properties which made it revolutionary. It will lose the 21m cap too.
▲ ▼
TheBitcoinBattery | 4 months ago (raw) | root | parent | reply | flag 
 People aren't as stupid as they appear, as time goes on ever greater numbers of common people will realize that their FIAT is shit compared to Bitcoin (especially as it continues to stabilize and reduce volatility). Laws and governments are subservient to sound money, they won't have a choice but to adopt Bitcoin or get left behind. As populations grow to refuse the government's debt notes, they won't be able to benefit from printing them anymore because they'll be worthless. This doesn't happen overnight, but it is happening.

Bitcoin will never switch to tail emissions, it doesn't need to. The beauty of the halving is that Bitcoin is forcing its value to double every 4 years because it doubles the amount of TIME it takes to produce the same amount of Bitcoin. Time is the ultimate resource and what we all ultimately value the most, the ultimate money has to be related to Time and Bitcoin does this beautifully through its halving mechanism. Never changing tail emissions break this fundamental growth driving force. Monero's hashrate has been on a downward trend since 2022. It's value and growth is stagnant.

There's a reason why Bitcoin has nearly 500 Times the market cap of Monero, and why Monero has lost nearly 75% of it's value against Bitcoin is 5 years. Monero is never going to surpass Bitcoin.