Reed on Nostr: Gotcha, thanks for the response 👍 I am still formulating my opinion on the ...
Gotcha, thanks for the response 👍
I am still formulating my opinion on the scarcity of Monero. I agree with your assessment of the tail emissions.
My issue with the supply, and potential future of Monero as money on the global stage is that it is no where near decentralized enough to withstand the types of attacks that Bitcoin has survived. Bitcoin has been under attack essentially constantly for almost 10 years and no one can change it. I am skeptical that Monero could survive in its current form with that kind of pressure.
It's hard forks have had consensus, but again it hasn't had to survive a malicious or contentious hard or soft fork attempt.
I am still formulating my opinion on the scarcity of Monero. I agree with your assessment of the tail emissions.
My issue with the supply, and potential future of Monero as money on the global stage is that it is no where near decentralized enough to withstand the types of attacks that Bitcoin has survived. Bitcoin has been under attack essentially constantly for almost 10 years and no one can change it. I am skeptical that Monero could survive in its current form with that kind of pressure.
It's hard forks have had consensus, but again it hasn't had to survive a malicious or contentious hard or soft fork attempt.