Monero is superior to all of these cryptocurrencies anyways :artist palette:
Uh, that’s my first comment.
Monero is good with it’s privacy features. Also, they have some good features inherited from the bytecoin design: smooth emission curve, dynamic blocksize limit. But it has disadvantages anyway:
- Transactions size is ten times larger than in bitcoin. If monero has as much txs as in bitcoin its blockchain will growth ten times larger and/or fees will be significally higher;
- Lack of infrastructure and real world use. Breaking changes happen often and prevent from integrations in apps;
- No active develop or research of Lighning Network/payment channels or other scalling solutions like sharding. Lack of activity makes onchain txs enough. LN cannot be activated in one moment by pushing a button. It needs channel infrastructure, routing network and apps to be created;
- ASIC resistance PoW algo makes 51% attack easier. With a block reward reduction to it’s minimum in 2022 attack will be even cheaper;
- Benefits for early participation with the emission curve make it harder to get adoption.
I personally don’t like the bitcoin emission curve. Its a curve of looser coin. Satoshi never thought about it success and created a niche currency for cypherpunks. For a niche currency which adoption doesn’t grow over time fixed supply is fine, but not for a world currency. Bitcoin adoption will be hard and painful. Fixed supply leads to a shitty hodl culture and cryptowinters.
This it true but I believe a lot of Bitcoin Maxies believe Bitcoin to be more of a digital gold instead of a currency. I personally believe if Bitcoin is not a good currency then it loses it’s value as a digital gold.