Wait, Monero has infinite supply?
, is this true?
, is this true?
True. "Tail emissions" no less! 🤣¯\_(ツ)_/¯
Uncapped supply
Major difference is it's issuance is decentralized, predictable, and PoW
Though some like to compare it to fiat as "infinite" it's the exact opposite in most respects
Major difference is it's issuance is decentralized, predictable, and PoW
Though some like to compare it to fiat as "infinite" it's the exact opposite in most respects
*Unpopular opinion alert*
Bitcoin will have tail emission in the future. There's no other way, with the current system a point will come in which block reward will be irrelevant compared to fees. At that point, miners will be either:
1) State financed, thus they will not bother with profits anyways, or
2) will be gasping for money. There will be q serious incentive for block stealing instead of focusing on building the next block.
Bitcoin will have tail emission in the future. There's no other way, with the current system a point will come in which block reward will be irrelevant compared to fees. At that point, miners will be either:
1) State financed, thus they will not bother with profits anyways, or
2) will be gasping for money. There will be q serious incentive for block stealing instead of focusing on building the next block.
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🤔
A tail emission is less infinite than some other infinities, but it's not great IMO.
I think Monero people don't really understand the economic gravity that a fixed supply & Bitcoin's general monetary network effect are going to have as things progress. And they largely ignore the privacy available on Bitcoin's L2s.
I think Monero people don't really understand the economic gravity that a fixed supply & Bitcoin's general monetary network effect are going to have as things progress. And they largely ignore the privacy available on Bitcoin's L2s.
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No, we appreciate different models and acknowledge the tradeoffs that involve unknown states and potential complications for security in the future.
That's also why most Monero Bros hold both, Bitcoin and Monero.
However I see many Bitcoiners that say "infinite supply" without looking at it more closely. Monero is tending against 0% inflation just like BTC. BTC reaches that "goal" in 2140 while Monero uses an asymptomatic curve to (never) reach that "goal".
That's also why most Monero Bros hold both, Bitcoin and Monero.
However I see many Bitcoiners that say "infinite supply" without looking at it more closely. Monero is tending against 0% inflation just like BTC. BTC reaches that "goal" in 2140 while Monero uses an asymptomatic curve to (never) reach that "goal".
Monero has a tail emission that is currently sitting at 0.84% inflation per year similar to BTC inflation and about half of gold.
Inflation like in BTC decreases over time. But unlike BTC that reaches 0% inflation in 2140, Monero inflation only tends against 0% without ever reaching it.
It's bad for marketing purposes, because people cab easily claim infinite supply, while it solves a couple if things.
It covers lost coins over time creating a stable ecosystem instead of a deflationary system for BTC.
It solves miner incentives meaning the long term security is a given
It solves digital cash use cases with permanently low fees instead of a wildly fluctuating fee market that can discourage spending or might have unforeseen consequences like stuck transactions or forced close LN channels.
Think of tail emission as supply limited by time itself, while BTC chose a point in time making other trade offs.
Inflation like in BTC decreases over time. But unlike BTC that reaches 0% inflation in 2140, Monero inflation only tends against 0% without ever reaching it.
It's bad for marketing purposes, because people cab easily claim infinite supply, while it solves a couple if things.
It covers lost coins over time creating a stable ecosystem instead of a deflationary system for BTC.
It solves miner incentives meaning the long term security is a given
It solves digital cash use cases with permanently low fees instead of a wildly fluctuating fee market that can discourage spending or might have unforeseen consequences like stuck transactions or forced close LN channels.
Think of tail emission as supply limited by time itself, while BTC chose a point in time making other trade offs.
“Infinite supply” is misleading, it doesn’t have a fixed supply cap like 21M bitcoin. It has “tail emissions” which is a supply inflation used to incentivize mining instead of transitioning solely to a fee market for blockspace. It is not infinite in the same way fiat is infinite as supply inflation can change at the whim of the Fed. It is a known supply inflation.
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I'll stick with what feels right to me. I have been suprised how many people on nostr are into monero. I get the feeling that they have yet to let the abundance of bitcoin in yet. Still searching for solutions when one is already here.
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The abundance of bitcoin, what is that? Serious question.
I thought its about the scarcity of Bitcoin 😉
I thought its about the scarcity of Bitcoin 😉
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Scarcity of supply. Abundance mindset - Knowing we always have enough.
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No entiendo.
most monero bros left Bitcoin because the community is overrun with fiat ngu insanity.
if that's the "abundance of Bitcoin"
you can have it.
if that's the "abundance of Bitcoin"
you can have it.
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What is Fiat ngu insanity?
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obsession with USD denominated "value"
Yea I wasn’t suggesting you get into Monero I was simply trying to answer your question. It really depends on your views and beliefs on privacy your level of comfort with bitcoins public ledger. I’m biased towards Bitcoin but I think Moneros focus on privacy solutions is interesting. I don’t think being intellectually curious is something you should shy away from.
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both good answers 👍
I think most “shit coins” have in capped supply limits. That doesn’t mean the currently have an infinite supply, but they will inflate forever unless there’s a code fork that changes the rule.
Yes. Also no way to audit the circulating supply and the privacy guarantees are incredibly sus.
More technical people I know claim that the privacy is a complete farce. Also heard rumors that FluffyPony works with federal agencies.
Any one of these pieces being true is enough to avoid it.
More technical people I know claim that the privacy is a complete farce. Also heard rumors that FluffyPony works with federal agencies.
Any one of these pieces being true is enough to avoid it.
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Wait until you find out who created Tor 🤔
Bitcoiners created most of Moneros privacy tech.
Liquid uses a version of it to hide their amounts, and the recent Silent Payments for Bitcoin are another form to hide receipients.
Unless you think those are a farce too?
RingCT(amount privacy) and Stealth Addresses(recipient privacy) are pretty damn solid. Both zero knowledge.
The weak part is Ring Signatures(sender privacy) because it's more like a coinjoin.
FCMP upgrade later this year will bring it in line with the other two.
Liquid uses a version of it to hide their amounts, and the recent Silent Payments for Bitcoin are another form to hide receipients.
Unless you think those are a farce too?
RingCT(amount privacy) and Stealth Addresses(recipient privacy) are pretty damn solid. Both zero knowledge.
The weak part is Ring Signatures(sender privacy) because it's more like a coinjoin.
FCMP upgrade later this year will bring it in line with the other two.
ok sorry, but no.
"people are saying" fud is horseshit.
one, Monero supply is audited all the fucking time.
tell me the last time you audited the BITCOIN supply. and I dont mean lazily ran gettxsetoutinfo on your node
two, there is nothing "sus" about monero privacy guarantees. Sender receiver and amount are hidden using well understood cryptographic fundamentals.
there are edge cases where your privacy can be compromised.
like literally *every other privacy tool.*
if you have some criticism, show your work or GTFO.
oh and three, "Fluffy was detained by the feds one time"
tell me you don't understand open source software without telling me you dont understand open source software.
this is up there with "Bitcoin was created by the CIA" fud.
do better.
"people are saying" fud is horseshit.
one, Monero supply is audited all the fucking time.
tell me the last time you audited the BITCOIN supply. and I dont mean lazily ran gettxsetoutinfo on your node
two, there is nothing "sus" about monero privacy guarantees. Sender receiver and amount are hidden using well understood cryptographic fundamentals.
there are edge cases where your privacy can be compromised.
like literally *every other privacy tool.*
if you have some criticism, show your work or GTFO.
oh and three, "Fluffy was detained by the feds one time"
tell me you don't understand open source software without telling me you dont understand open source software.
this is up there with "Bitcoin was created by the CIA" fud.
do better.
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Do better? At what?
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running his mouth about things he doesn't understand.
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You meditate?
