What do you mean privacy coins aren't seeing wide adoption? Are you deliberately being wrong on the Internet to have someone correct you to draw attention and increase adoption?
Are you serious? I'm starting to wonder if this whole "Ask HN" was posted to dissuade people from buying crypto.
1. False. There are mobile wallets that download only part of the blockchain.
2. This applies to all crypto, not only Monero.
3. True!
4. The number of coins added by the tail emission is too small to affect the size of the pie. The inflation rate from tail emission is asymptotically zero.
5. Privacy or no privacy, it's still crypto, which protects your fiat from inflation.
6. Monero can scale on the lightning network to millions of transactions per second. The more technical reasons, like auditing supply and POW aren't big enough problems for consumers to worry about.
Bitcoins can't be printed out of thin air. People can't own billions of them. Yes, you're missing something.
New bitcoins are generated at a fixed, hardcoded rate. First off, the software can't be changed to emit Bitcoins at a different rate just because banks might want to.
And if the software is changed to emit Bitcoins at a different rate, Bitcoin owners will say "Hey, this changes the rules, it's not fair, I'm leaving." They'll sell their Bitcoins and buy some other cryptocurrency that didn't change the rules.
With banks you can't say "this isn't fair, I'm leaving." With cryptocurrency you can.
Over the past 3 years the number of Litecoin transactions increased 5x. https://bitinfocharts.com/comparison/litecoin-transactions.h...
What do you mean privacy coins aren't seeing wide adoption? Are you deliberately being wrong on the Internet to have someone correct you to draw attention and increase adoption?