Exactly, but you know Monero is like political parties, they don't reason. Monero is a good privacy tool, but it doesn't have Bitcoin's determinism in terms of supply. In fact, Monero is vulnerable to what is called hidden inflation. If it happens, you'll never know.

Replies (4)

lesco's avatar
lesco 2 months ago
Monero’s major problem is the mining algo, it’s easily exploited by governments with easy access to massive datacenters. Monero could adopt PoW algo, but then it would be vulnerable to double spending attacks by Bitcoin miners. This makes the value tend to 0 vs Bitcoin, only useful as a “privacy” tool.
shyguy's avatar
shyguy 2 months ago
saying "monero is vulnerable to hidden inflation" is like saying "bitcoin is vulnerable to having your coins stolen". both sentences imply the same message (the cryptography behind those techniques might be broken).
you still don't understand about monero's supply verification? it's true that it doesn't have bitcoins determinism in terms of supply. that is a true statement, you cannot sum the UTXO set on the back of an envelope like you can with Bitcoin. but it's NOT true that if it happens you would never know. there *might be some conditions where you wouldn't know. I challenge you to describe what those conditions might be. remember that with every transaction it is proven that the sum of the inputs and the outputs equal zero.