Nope, Monero's supply still grows infinitely, while Bitcoin is objectively hard-capped. I also practice self-custody on all my wallets, so all the problems you list don't apply to me. If you are someone who leaves your BTC on exchanges or custodial wallets, that's on you.
And of course Monero's full blockchain will be less space than Bitcoin's, since Monero is younger. If Monero ever scales, watch as those big blocks make it impossible for anyone other than the government and corpos to run full nodes, from which they can change the rules of Monero as they please.
It's not gonna matter how "private" it might be, Monero will be the next fiat. I'll stick to the hard-capped coin that is actually listed on exchanges, and is being adopted by Square, CashApp, Rumble, El Salvador, Costa Rica, Around the world, etc.
Replies (3)
how is an emission that always decreases as a % of total supply "infinite"?
at what point in time is the monero supply "infinite"?
An 20TB hard drive is like $300. Storage cost is not the chokepoint of decentralization, network bandwidth and processing power for validation is, this is why Solana for instance is so centralized. Monero goes farther than Bitcoin by banning subnets and only allowing ipv4 addresses work by default further increasing decentralization.
Your self custody doesn't mean shit if it's traceable AND KYCd to you. Your non KYC self custody ALSO doesn't mean shit if your UTXOs are on a sanctioned list and banned from usage on exchanges. Monero self custody is always fungible such that there are no tainted, nor KYCd coins.
Monero will never be the next fiat, in fact it's so dangerous to fiat that it's delisted completely from Europe and New York and delisted from almost all exchanges across the US.
To you're final point: you adopt the coin used by KYC crypto-to-Fiat custodial exchanges like CashApp and Square, I adopt the coin used in the largest p2p market that requires untraceable digital cash: dark-net markets. We are not the same.
You will notice when self-custody is >95% (XMR) or below 80% (BTC).
The second is easily to manipulate. So expect years of stable prices. Not exactly what fiat NGU Bitcoiners signed up for.
