That's like comparing Gold to FIAT. There is abundance of gold it just carries a high price to mine it. It has worked out pretty well the last 5000 years.
Would you suggest high transaction cost instead?
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What do you mean gold worked out? 65% of Americans live paycheck to paycheck. 70% of the wealth is held by the top 10%. The dollar is down 97% and gold doesn’t offer any solution. It’s like a band aid for an open wound
It is a part of the fiat system… it’s not opting out to own gold. It’s literally perpetuating it.
Monero is no different either. Adding tail emissions and accounting for inflation is literally accepting defeat to a dying system. There’s no need to tax the holder and debase them for “security”. If it was actual sound money it would incentivize a free market, not have a pre planned price control (which is by definition not capitalism).
It’s the weakest narrative in all of crypto.