Oddbean new post about login | logout Look we understand monero is good for privacy yeahhhhh good but its garbage to store my value long term. Simple. So shut up hahahaha
Hehe 👍
No. My monero stack is up an average of 250% sure my BTC stack has done better. but not so much Im upset about it. monero stores value fine.
Shouldn’t baseline be btc and against that metric you are losing purchasing power.
The answer is actually “yes”
Freedom of speech. I will talk about monero because I find it's interesting and extremely useful. Feel free to unfollow or mute.
Im not gonna mute you because you use monero tgats so stupid to unfollow you for tgat. Im trying to make it clear that i understand monero use case thats it.
"so shut up" is what you wrote.
Yep and then what happened?
Monero has an infinite supply and too many hard forks to be a serious store of value. It's the one shitcoin I wouldn't say is a total scam though. It at least works as advertised: Anonymous medium of exchange. That won't make your grandchildren wealthy though.
oh please monero has stable consistent monetary policy. that isn't "infinite supply" it stores value fine. it's just probably never going to get tradfi degens pumping it up like bitcoin. feature not a bug.
The supply is actually infinite. New coins will always be created forever into the future. That’s Infinite. I understand it’s a tapered tail end whatnot, but the calculus still equals infinity. From 2017 to now, Monero has made negligible gains or losses, and perhaps does hold up to the claim of storing value if measured in USD, but that’s like measuring with a ruler that keeps changing in scale. We choose to measure our wealth with a ruler that stays the same, forever. We choose #Bitcoin and it’s true limited supply.
Good analogy about the ruler but you're mistaken. Every time you mine a coin, you inflate the supply in both Bitcoin and Monero and you will in both for the next 100 years in Bitcoin. Currently, AFAIK Bitcoin has a higher inflation than Monero until the next halving but you won't notice much of a difference until the halving after that when fees will likely replace inflation to pay the miners in Bitcoin. The inflation in Monero is small, less than Gold, and about the same as the amount of Monero that's lost due to lost wallets, etc. Gold has kept its value for thousands of years so that should not stop Monero from being a store of value. Gold only started to lose its store of value in the 1970s when there wasn't enough gold in circulation and it began to be fractionally reserved...the same as what will happen to Bitcoin when it gets scarce enough. But even with fractional reserves, Gold is still not a bad store of value so I don't think Bitcoin will be harmed too much.
Your basis is wrong and therefore your many words are pointless