bitebits
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Bitcoin != exchange rate


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August 12, 2018, 02:29:58 PM
Last edit: August 12, 2018, 08:05:31 PM by bitebits

Monero has its own problems.  The transaction fees hurt and supply is not fixed.

I know this is a bitcoin thread, but please do your research before you state such nonsense.

- The transaction fees are still very reasonable for an always fully private transaction (<$0.30) + Monero will have 'Bulletproofs' in the September upgrade, reducing the transaction size with >80%.  

- The supply not being fixed is not a problem, it is a very deliberate awesome feature. It will be <1% yearly and percentage wise further decreasing over time (likely less than the amount of moneros lost per year in boating accidents). In exchange there will always be a miner incentive, thus not having to rely on a fee market like bitcoin does: this allows an adaptive blocksize!

Monero learned from the issues Bitcoin has. Don't be auto-dismissive, the thing we detest so much about no-bitcoiners.