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RE: Bitcoin won 2016.
How many years will it take to get to the Bitcoin cap. 21 million? Monero is just a straight up altcoin? No cool applications like Steemit? Thanks for the advice and will look into Monero.
Here's a good graph showing bitcoin and monero supply over time. Bitcoin will max out at 21Million. And will reach 20Million in about 2024. The mining reward for each new block mined will reduce to 1.5625 per block in 2024. Currently, each block reward gets 12.5 bitcoins. I think almost all of the bitcoins will be mined by year 2040.
Monero is a bit different. It will reduce to a constant rate of inflation in order to keep incentive for miners. Theoretically, the difference in that won't be much different for bitcoin vs. monero. Bitcoin will likely have higher transaction fees, and monero will have higher inflation (ie. devaluing of existing monero). Theoretically, that should even out.
To answer your question, yes. Monero is a straight up altcoin, in that it does not attempt to provide alternative services like Steem or Ethereum. Rather, it only attempts to be a cryptocurrency.
Thank you so much. I will look into this. Sounds like having some Monero and Bitcoin is good in regard to diversification and Monero has a lot more growth potential still yet to come. Steem, Monero and Bitcoin. Hmmm. I have had my eye on Worldcoin for the name and for their mission stated on their website. More likely to be a speculator/penny dazzler for the future however I am treading cautiously at the moment.
No problem. Always good to do your own research and tread cautiously when it comes to altcoins. It took me months to become comfortable with Monero and I when I bought it, it was the first time I had moved Bitcoin in years. I did create my monero wallet with the command line, but as of Dec. 22 there is a beta GUI (graphical user interface) wallet. I'm hoping once that wallet gets out of beta mode, the price will go up due to usability.