Oddbean new post about login | logout You can’t reliably run your own node on monero because it doesn’t have a blocksize limit so it would inevitably become centralized if mass adoption happened. You also can’t audit the supply because the transactions are confidential.
So money should be limited ?
Don’t understand your question. Are you asking if money should have a limited supply?
yep
I wouldn’t say that. But, historically the asset that has the scarcest supply has been the best money.
Are u sure of that ? Money can not be something common and let people decide the value ?
It can be whatever two people value and are willing to trade with but historically, people chose to value the scarcer things more as money.
In ur Pov u will choose the scarcer things. In the protocol vue of bitcoin too. But in the couple year people will learn that its so wrong. Money is what people choose to transact with. Money can keep value some time but it will always be the most common thing u can find. If u cant find something common how are u gonna transact ? or will u find a ''middlemen'' to transact in scarcer things ?
You won't be able to afford to transact on Bitcoin because it has a blocksize limit so it would inevitably become centralized if mass adoption happened. No one is going to run a node for a network they can't afford to use. You also have no privacy or fungibility because all transactions are public for anyone in the world to see.
Why the node count keep increasing then? https://image.nostr.build/d61213a39c765244cdbaffe8257a0eeb97bedbcc0b6c5f5a23914227c2e30c52.jpg
