Oddbean new post about login | logout Anything Monero does is possible on L2 on BTC. Also BTC is worth 368x more than Monero. The lack of a supply cap means Monero will inflate forever like fiat. Monero is not good as a store of value. It is only good for illicit transactions.
That's exactly what nocoiners told us in the beginning. I have only two things to say to you. You underestimate your personal need for private transactions and the lack of tail emission will endanger Bitcoins security 10 or 20 years down the road. Enjoy the great store of value that Bitcoin currently is, while it lasts.
No need for tail emissions when there are transaction fees. Like I said, you can transact privately on layer 2.
Where will the transaction fees be coming from if users will be on L2s paying a vanishingly small fraction of on-chain fees? All L2s so far are custodial, permissioned transactions, or have horrible UX
Monero supply issuance is predictable, decentralized, and requires PoW Fiat does not