3 ms·

Monero is what Bitcoin wanted to be

by grigio 6mo ago

littlecranky67 6mo ago
Monero has fixed inflation baked in, so no.
- rationalist 6mo ago
  > fixed inflation It looks like you're referring to the tail emission which solves the problem that Bitcoin has. Also, it is a small fixed amount of "coins", so the actual inflation rate approaches zero. I think your comment is what they call "F.U.D."
  - littlecranky67 6mo ago
    > so the actual inflation rate approaches zero. Now THAT is FUD. Current annual inflation rate is 0.84191433% [0]. That is massive and not "approaches zero". The value of Monero over n-years thus approaches zero over time, for big enough n. While that is a little under 1%, it is still inflation. The ECB targets on average 2% inflation (while before COVID the ECB targeted maximum of 2% - so actually close to the Monero inflation). [0]: https://p2pool.io/tail.html https://p2pool.io/tail.html
    - rationalist 6mo ago
      Thank you? It looks like we have different definitions of "massive". You also say it does not approach zero, but in the following sentence you do say it approaches zero. I guess people need to decide if inflationary money is better or worse than deflationary money, and what amount of inflation is appropriate. Personally, without too much thought: I think a monetary inflation rate should correlate with the population inflation rate, so that it's value remains somewhat constant (I'm open to changing this opinion with more information).
  - sph 6mo ago
    > which solves the problem that Bitcoin has Which problem are you talking about? It being deflationary? You might not think it's a good idea, but it's not a problem if it's by design.
    - rationalist 6mo ago
      Once there are no more block rewards, Bitcoin will only rely on fees to incentivize miners. So either fees will be expensive, or there won't be miners securing the blockchain.
      - sph 6mo ago
        Gotcha. Well it's by design, as Satoshi believed it not to be a problem. Only time will tell.

Monero is what Bitcoin wanted to be

by grigio 6mo ago

Monero is what Bitcoin wanted to be

littlecranky67 6mo ago

Monero has fixed inflation baked in, so no.

rationalist 6mo ago
> fixed inflation It looks like you're referring to the tail emission which solves the problem that Bitcoin has. Also, it is a small fixed amount of "coins", so the actual inflation rate approaches zero. I think your comment is what they call "F.U.D."
- littlecranky67 6mo ago
  > so the actual inflation rate approaches zero. Now THAT is FUD. Current annual inflation rate is 0.84191433% [0]. That is massive and not "approaches zero". The value of Monero over n-years thus approaches zero over time, for big enough n. While that is a little under 1%, it is still inflation. The ECB targets on average 2% inflation (while before COVID the ECB targeted maximum of 2% - so actually close to the Monero inflation). [0]: https://p2pool.io/tail.html https://p2pool.io/tail.html
  - rationalist 6mo ago
    Thank you? It looks like we have different definitions of "massive". You also say it does not approach zero, but in the following sentence you do say it approaches zero. I guess people need to decide if inflationary money is better or worse than deflationary money, and what amount of inflation is appropriate. Personally, without too much thought: I think a monetary inflation rate should correlate with the population inflation rate, so that it's value remains somewhat constant (I'm open to changing this opinion with more information).
- sph 6mo ago
  > which solves the problem that Bitcoin has Which problem are you talking about? It being deflationary? You might not think it's a good idea, but it's not a problem if it's by design.
  - rationalist 6mo ago
    Once there are no more block rewards, Bitcoin will only rely on fees to incentivize miners. So either fees will be expensive, or there won't be miners securing the blockchain.
    - sph 6mo ago
      Gotcha. Well it's by design, as Satoshi believed it not to be a problem. Only time will tell.