/biz/ - Business & Finance

[Anonymous No.54181572]

Can somebody explain to me why monero (ticker: XMR) isn't just better than bitcoin (ticker: BTC), especially as a long-term hold?
As I understand it the number of transactions the BTC network can handle is quite limited which would make using it at scale too expensive or slow, and with XMR you also have the privacy advantage.
XMR also has a much smaller market cap so has room to grow.
What am I missing?

[Anonymous No.54181612]

people know BTC
people don't want to invest in some incel pedo coin

[Anonymous No.54181694]

>>54181572
It's better in some ways but worse in others. The problems i can see with XMR are it's tail emissions causing it to be much more inflationary than it needs to be. They could've set the tail emission for 50 years from now when it was much more established like BTC will probably end up doing. The other factor is you cannot see what is happening in terms of whales. While that might be great for privacy, in terms of whether or not they are doing something dodgy onchain cannot be determined. Plus BTC has first movers. I hold XMR btw.

[Anonymous No.54181791]

>>54181612
As a BTC holder, thats a retard tier opinion.

[Anonymous No.54181829]

>>54181572
BTC has inertia. That's it.

>>54181694
Tail emission is necessary to avoid total marketcap collapse since the feds don't resell seized Monero. It's too hard for them to track so they try to take it off the streets/interwebs.

[Anonymous No.54181890]

>>54181572
>What am I missing?
you are missing that markets are irrational

[Anonymous No.54181976]

>>54181572
>Can somebody explain to me why monero (ticker: XMR) isn't just better than bitcoin (ticker: BTC), especially as a long-term hold?

It is, its just that the current market is highly irrational and detached from real-world fundamentals, ergo all the dog memes achieving insane valuations.

Where Monero has the edge over BTC are no-nonsense, fundamentals-based markets i.e. online black markets. BTC used to dominate those but is now being fully replaced by Monero, which certainly bodes well for XMR's long-term future prospects.

Like, we are at the stage now where promising to never add Bitcoin as a payment option has become a selling point that appeals to both vendors and customers alike lmao

TL;DR: Bitcoin is coasting on its first-mover network effect and brand recognition, but that won't last forever.

[Anonymous No.54183115]

>>54181572
test

[Anonymous No.54183184]

Big banks and corporations will never put xmr on their balance sheet, simple as. But then btc is probably going to be so ostracized soon they won't be able to put it there either, that's when xmr will shine

[Anonymous No.54183235]

it is, the only difference is that BTC has more adoption and a more finite supply

[Anonymous No.54184996]

>>54181694
Monero will have a lower supply than bitcoin until 2040. In 2040-2050 bitcoin will succumb to selfish mining attacks due to vanishing miner reward as tx fees cannot keep up[1][2]. In Monero, the block reward stays constant to protect the network, but annual inflation as a % of total supply (inflationary effect) still asymptotically trends to zero.
[1] https://eprint.iacr.org/2020/094.pdf
[2] https://sci-hub.st/downloads/2019-09-06/e8/[e-mail]#page=241

[Anonymous No.54185012]

Bitcoin has a first mover advantage which gives it much higher amounts of network effects, along with its violent price action after halving that makes people learn about it and fomo in. TLDR, it has a number of things going for it that are power law dynamics so it stands out even though the technology isn’t as good as other solutions

[Anonymous No.54185034]

>>54181572
It is, of you want proof look no further than the fact that pedos and narcos use it. While they are absolutely detestable they balue their privacy and freedom and almost exclusively use monero.

[Anonymous No.54185047]

>>54181572
It is, I keep everything in XMR for this reason