RE: I have been looking at Monero and now I believe Monero will soon be worth as much as Bitcoin is Now ($5000) because it is specially designed to be anonymous & THIS is the feature many people coming to BTC think they are getting, they'll switch to Monero

[tolkatore]

Although I do agree that it is a great coin, the idea of it being worth the same as Bitcoin may not be possible, due simply to the fact that Monero is infinite whereas Bitcoin is finite.

Comments

[ackza]

not really, for all intensive purposes monero caps ot at 30 million in centuries so nah monero is just as finite, i explained it all in the post!

[tolkatore]

Hmm, I thought I read somewhere that it self-regulates its supply after a certain distribution goal?

[ackza]

yes probably but that just means we are both right!
Just re read this part:

"Monero has a low supply of 15.2 million coins with a maximum supply estimated at around 37 million reached in 117 years and is currently experiencing less than 1% inflation and that inflation decreases every year, and in 234 years Monero can double and double again in 468 years so the inflation rate is so small it should work great. "

See that? Its my own words and it may not be clear but can you see the basic point? That the supply inflates SOOO slowly that its virtually finite? And if multiple centuries arent long enough period for doubling of coin supply... then they could easily do a softfork and modify the blockchain code to DOUBLE that number so it would not double supply but for 1000 years or so... i mean then you cant really care about that... UNLESS we are transhuman simulated human brains living in a virtual super computer simulation ... and we start living much longer than 400 years... hah maybe then it will be a problem

but for all intensive purposes, Monero is pretty finite! Its virtually finite if that makes sense.... which it doesn't by definition.... so obviously (to me) its pretty finite quasi finite not Bitcoin finite but still virtually finite.... which i know is not the correct use of the word finite, it's like saying you are almost pregnant or the 1 is almost a 0 ... I bet there is a word to describe these forms of oxymorons or cognitive dissonance

Anyway did you see? Bitcoin Millionaire wants to fight Daime Dimon in the Boxing ring to raise money for Puerto Rico
https://news.bitcoin.com/bitcoin-millionaire-erik-finman-challenges-jamie-dimon-to-a-boxing-match/

hahaha and look more EOS news about @dan from themerkle.com https://themerkle.com/dan-larimer-reportedly-working-on-sub-second-latency-in-eos/