XMR Reddit Mentions | ChartExchange

I have a very different perspective on the Bitcoin blocksize wars; namely that of an informed outsider. An early Bitcoiner (2011) who has sold all of his Bitcoin for Monero before the BTC - BCH split in 2017. In fact over 99% in 2014 and 2015. Furthermore may reasons for leaving Bitcoin for Monero had nothing to do with privacy or fungibility.
I will say that i am very familiar with Roger Ver's book, *Hijacking Bitcoin*. In fact in my view he does an excellent job of proving the small blockers wrong! The trouble here is that proving the small blockers wrong does not prove, the big blockers right. My view is that both the big blockers and the small blockers are wrong. How can this be that case? Is can be that case if we ask the following question:
*Is there a fatal flaw in the design of Bitcoin?*
In my view that answer is a resounding yes. The fatal flaw in Bitcoin is the premise that transaction fees can replace the falling block rewards in a free market of miners and users. There is zero evidence for this other that just citing authority in the name of Satoshi. The authority even uses the very weak word:
> can
demonstrating a very weak conviction in the premise that transaction fees can replace the falling block rewards.
If one is looking for a coin where miners had a very strong influence in tits creation look no further than Monero. The first core team of Monero was literally dominated by miners, This led to the less that 1% minimum block reward or tail emission. Simply put the miners made sure that they got paid, and crafted a tail emission that was just below the historical growth in the money supply of gold. This debunks another Bitcoin myth:
> A fixed maximum money supply is a necessary condition for inflation free.currency.
This is also wrong. A fixed maximum money supply is a sufficient but not necessary condition for inflation free. The actual necessary condition for inflation free is a growth in the money supply below that of gold.
Well over a decade of studying and refining the scaling, security and anti spam tools that Monero uses has demonstrated to me two things:
1) That scaling Monero to VISA transaction rates will cause the fee in reward to plunge and fees to fall well below 0.01 USD per transaction. Note: I am allowing for a 10x debasement in the USD! Scaling Monero to VISA transaction rates is possible even though after the next hard fork Monero transactions will be about 12x larger that Bitcoin transactions.
2) That removing the minimum tail emission of 0.6 XMR per block in Monero will cause the entire security, and anti spam model of Monero to collapse. It is that critical.
I can see no reason why removing the penalty to increase the blocksize in Monero, creating a Bitcon Cash like scaling models will cause fees to go up!.
Now I leave the reader with the fee in reward (Average Fee Percentage in Total Block Reward)) for Bitcoin, Bitcoin Cash and Monero.
https://bitinfocharts.com/comparison/fee_to_reward-btc-bch-xmr.html#log&alltime
Note: How both Bitcoin are currently below that of Monero and we know that Monero free in reward will tend to zero with adoption.
My conclusion is that Bitcoin will fail as both a cypherpunk currency and a store of value for banks regardless of the small block or large block model.

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