You are misinformed on much. No one can just arbitrarily "make more coins". Not even developers. Monero uses Proof-of-Work mining just like Bitcoin.
Monero has less circulating coins than even Bitcoin. ~18 million vs ~19 million
Gold continues to be "mined" for thousands of years, yet continues to be one of the most valuable assets (because it is unprintable and requires irl PoW just like Monero or Bitcoin).
You are conflating scarcity with value. If there is no demand, and no one wants it, it is worth nothing. Even if it only has a supply of one.
What do cellphones and things outside of Monero have to do with the transactional privacy given on Moneros blockchain? Nothing. This is a rhetorical tactic pulled by Bitcoin maxis. According to you Monero has to solve every problem in the world or it's not private which is ridiculous.
https://github.com/libbitcoin/libbitcoin-system/wiki/Scarcity-Fallacy
SaberhagenTheNameless / Saberhagen The Nameless
npub14a6…z6rn
2024-04-12 07:38:36
in reply to nevent1q…uaxl
Author Public Key
npub14a6q6xvt4wuv0wpdpfr336e4fweldtu6np3ehpw55h83xuw2h2zsgyz6rnPublished at
2024-04-12 07:38:36Event JSON
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"content": "You are misinformed on much. No one can just arbitrarily \"make more coins\". Not even developers. Monero uses Proof-of-Work mining just like Bitcoin.\n\nMonero has less circulating coins than even Bitcoin. ~18 million vs ~19 million\n\nGold continues to be \"mined\" for thousands of years, yet continues to be one of the most valuable assets (because it is unprintable and requires irl PoW just like Monero or Bitcoin). \nYou are conflating scarcity with value. If there is no demand, and no one wants it, it is worth nothing. Even if it only has a supply of one.\n\nWhat do cellphones and things outside of Monero have to do with the transactional privacy given on Moneros blockchain? Nothing. This is a rhetorical tactic pulled by Bitcoin maxis. According to you Monero has to solve every problem in the world or it's not private which is ridiculous.\n\nhttps://github.com/libbitcoin/libbitcoin-system/wiki/Scarcity-Fallacy",
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