Thread
Monero:
"remember that with every transaction it is proven that the sum of the inputs and the outputs equal zero."
Hanshan
you still don't understand about monero's supply verification?
it's true that it doesn't have bitcoins determinism in terms of supply.
that is a true statement, you cannot sum the UTXO set on the back of an envelope like you can with Bitcoin.
but it's NOT true that if it happens you would never know.
there *might be some conditions where you wouldn't know.
I challenge you to describe what those conditions might be.
remember that with every transaction it is proven that the sum of the inputs and the outputs equal zero.
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Replies (2)
Monero's tail emmision is an essential upgrade.
Bitcoin's hard cap is a catastrophic flaw.
In time this will become undeniable.
Bitcoin is a very low transaction volume network (L1). Without the block reward, or with highy-diminished rewards, Bitcoin mining as we know it will not be financially viable.
I suppose difficulty and hash power will adjust, but then a 75% attack worth of ASICs will be liquidated at bankruptcy auctions for pennies on the dollar.
nocoiners think that digital money is ridiculous. how can a chain of signatures be money?
but Bitcoiners have learned to trust cryptographic primitives and understand that no one can steal your Bitcoin.
Monero people have learned to trust more cryptographic primitives.
They understand you can verify more than just basic ownership.
The number of people willing to trust cryptographic primitives over time will only increase.
Bitcoiners are the Nocoiners of 10 years ago.
