This is the historical price chart of Monero with respect to Bitcoin, in the same way that in the Fiat, Bitcoin makes its upward movements in a few days a year, statistically less than 9 days. If you keep your wealth in Monero or Fiat, you have everything to lose because you will not hit those 9 days of upward movement.
Privacy is important, but preserving your wealth is important too.
For this reason I prefer to use techniques that maintain my privacy while keeping my wealth in Bitcoin.
If anyone can get the privacy of Monero while maintaining the value of their wealth, let me know, the rest is child's play for me.
https://m.primal.net/LAYE.png
I'm not a Monero guy but don't they also have a ticking time bomb with their nodes that if they actually had massive usage, they'd be very expensive to run? Thought my Monero mining friend told me this.
Relative to Bitcoin, yes, that's correct. Just depends if rate of adoption surpasses technological limits/consumer tech. If it doesn't grow too fast it shouldn't be a problem.
FCMP++ (an upgrade coming to Monero in about a year) will allow layers on Monero. An encrypted basechain with a privacy layer is about as scalable and private as you can get for crypto.
By the way, Bitcoin can also become expensive to run with massive usage. All things equal, Monero just reaches that hypothetical state quicker. But there is a scenario where Bitcoin can have massive adoption and be expensive to run, while Monero with modest adoption, remains less expensive. Just depends how the future plays out.
That's why Monero is only for making private payments, digital cash. And Bitcoin is to eliminate counterparty risk and secure my wealth, no matter how little or how much, without the need to depend on a third party or ask permission from a third party.
What I see here is Monero has a lot of room to fall way further
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