Replies (6)
An increasing supply will devalue every token currently existing. Simple economic principle.
Otherwise Dollars wouldn’t inflate
You only need to stop being emotional for10s and think to understand it.
If you own $1m and then I give (print) $1m to every American but you, I stole from you since your dollars will buy nothing.
This is how inflation “steals” from you.
You're only right in the technical sense that nothing is physically taken from you. Its just stolen purchasing power. The thing people actually want
Yeah by like 0.6% this year and trailing to 0% given infinite time. Harder than gold still which increases about 1.5% a year with mining.
A fair tradeoff for the benefit of perpetually inexpensive transactions and strong mining economy. As private medium of exchanges go the competition is really only gold and I've just proven Monero beats that.
simple but unfortunately wrong. xmr is free market money whereas dollars are monopoly issued money which means the monopolist can charge any price he wishes (e.g. he prints a 50 pound note which in reality costs only 10 pennies). this is called seigniorage, is payed by the taxpayer and the reason for systemic price inflation. increasing units of dollars alone don't cause price inflation. since xmr is free market money, there is no seignorage and therefore no price inflation.
