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satoshi jr 0 months ago
Eh trump being pro bitcoin or not doesn't change the structural need for a hard currency to replace fiat. Tether can't change that ... Though I guess its a round about way to move some of the backing into bitcoin. This is why I still don't see how Montero can be an alternative. Tail emissions is just slow debasement. difficulty of running nodes, not to mention general CPU usage for minjng seems to preclude decentralization
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Hanshan hanshan@nostr.land 0 months ago
how does CPU usage preclude decentralization? doesn't using off the shelf hardware make it more decentralized? also you can set up a node just as easily as you can with Bitcoin. if anything it's easier. also also, tail emission is good. a hard cap is just bad monetary policy.
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satoshi jr 0 months ago
The problem is that CPU power can be used for other uses (is general) and is already heavily centralized. Miners don't have to make a large capital expenditure that force them into mining to recoup their investment. The node problem is ledger size Monero's system expands with use so its harder to keep a full node (cost of ssd, bandwidth latency) If you believe tail emissions good monetary policy and expanding money is good just keep using the dollar. Expands all you want
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