BTC Nomad's avatar
BTC Nomad 1 year ago
That NGU tech that you're shitting on is the innovation. That's what makes Bitcoin a savings technology, and it's why Monero isn't. Scarcity is the innovation, and I can only assume that the Monero creators dropped it because they didn't get it. Privacy is a peripheral consideration. Why would they make it less scarce?

Replies (1)

mbl's avatar
mbl 1 year ago
You are far to understand what I'm saying so, I'm not shitting on Bitcoin, I'm warning Bitcoiners that something terrible is coming for them. Scarcity is absolutely not the innovation, the innovation of Bitcoin was a functional transactional system, decentralized, out of the banking system, by the people for the people. If Monero creators dropped the capped supply it's because it's leading to a disaster, price or fees NEED to rise for maintaining mining profitability and so the network security, it's a long term issue which is leading to even more mining centralization because of halving, and because of that, it's eroding the decentralization and the censorship resistance force over time, it will probably end in a captured compliance network, and there is pretty nothing that will be able to stop that dynamic.