iris

The circulating supply inflates because of the block reward. At every halving, the block reward is cut in half and the inflation is likewise cut in half. There are on 21 million bitcoin that can exist, and around 90% have already been mined. As time passes, the inflation of bitcoin will approach and reach 0. Mining will be incentivized by transaction fees. Monero on the other hand will inflate forever due to its tail emissions. Bitcoin is naturally deflationary, meaning every coin increases in value, while Monero is naturally inflationary, every coin decreases in value. Monero’s rate of inflation is similar to gold, but that means it is not as good of a store of value as bitcoin. Blockchain transparency is a feature, not a bug. Bitcoin is superior in every way. How does buying Monero with a debit card offer any more security than transacting on a Bitcoin L2 that mimics Monero? Small changes to the LN could enable true onion routing that fully anonymizes transactions. Even if BTC L2 cannot perform as well as XMR in terms of privacy, the only logical solution is to exchange BTC for XMR when privacy is needed, considering BTC is harder and a better store of value.
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I understand how the halving works. I was just saying currently ~19.7 million BTC is still less than 21 million BTC. Bitcoin is still technically inflating until ~2140 Yes, Bitcoin will eventually have less/no inflation to Monero, but Monero's inflation as a % of total supply is always decreasing. Blockchains need to pay miners in some way or it doesn't work . You can pay them with inflation, tx fees, or a mix. Depending on tx fees to secure the chain, along with a fixed blocksize, leads to ridiculously unusable fees when it is even moderately used (see $100+ tx fees earlier this year - will get worse the more it is used). It's a trade-off. >"Monero’s rate of inflation is similar to gold, but that means it is not as good of a store of value as bitcoin. " The same thing that supposedly makes Bitcoin a better store of value arguably makes it a worse money: Gold/Monero tail emission + periodically lost/burned coins = reality: roughly stable supply = asymptotically ideal money Bitcoin fixed supply + periodically lost/burned coins = reality: constantly decreasing supply = incentivized never to use (more analagous to a digital asset) 'Such expectancy creates reluctance for bitcoin investors (hodlers) to spend their bitcoin, since they believe it a sensible probability they’ll be surrendering future growth in doing so.' >"Blockchain transparency is a feature, not a bug. Bitcoin is superior in every way." Depends, superior for what ends? Definitely not superior for privacy, fungibility, and targeted mining censorship. >"How does buying Monero with a debit card offer any more security than transacting on a Bitcoin L2 that mimics Monero?" You don't necessarily need a debit card to get Money. You can work for it, sell goods for it, or buy it with cash. Those transacations have to eventually settle on-chain at some point. A liability for whoever is managing those channels. They can also be force-closed against their will leaking data on chain. It's kind of apples and oranges to compare a blockchain to an L2 anyway since they have different advantages. Would be more analogous to compare an eventual Monero L2 to a Bitcoin L2.
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