4 ms·
Grassroots? Do you even know the history of Monero? Unfortunately Monero was intentionally designed to dump the money supply, so the vast majority of XRM was "
by nosuchthing 6y ago
Grassroots? Do you even know the history of Monero?
Unfortunately Monero was intentionally designed to dump the money supply, so the vast majority of XRM was "mined" by a small group of traditional speculative capitalists.
Monero just amplifies the current plutocracy of the money system due to the algorithm of the emission curve and mining system.
It would be nice if there wasn't a crypto project that didn't try to scam people.
https://monero.stackexchange.com/questions/242/how-was-the-monero-emission-curve-chosen https://monero.stackexchange.com/questions/242/how-was-the-m...
https://monero.stackexchange.com/questions/858/monero-origins-optimized-crippled-miner https://monero.stackexchange.com/questions/858/monero-origin...
- selsta 6y ago> Grassroots? Monero has no premine, dev tax and is a 100% open source project with volunteer contributors. It's about as grassroots as it gets in the cryptocurrency space. > so the vast majority of XRM was "mined" by a small group of traditional speculative capitalists. While the cripple mine happened, it only lasted a couple weeks and all of these coins were sold at market value. Monero was worthless for the first couple years. Monero has a tail emission / infinite supply making it fairer than fixed supply coins. Disclaimer: Monero contributor