fiat money has a centralized authority that decides issuance. Monero does not. it has stable monetary policy. get new FUD.

TIL gold mining is fiat money

The inflation rate is very low and predictible, it won't change according to abyone's whim unlike fiat. And it pays miners.

A true free market doesn’t need inflation by definition. Its natural state is deflationary. Paying “miners” is just an excuse and assumes the fiat system will survive or the markets will always need inflation. This is contrary to every fiat currency in history. They have might deflationary periods… but they always end with hyperinflation.

Tail emission is a security feature.

I'm talking abput XMR here. It's inflation is coded, there is no "hyperinflation" scenario possible with it. Miners need to be incentivised to continue operating and securing the network.

That's like comparing Gold to FIAT. There is abundance of gold it just carries a high price to mine it. It has worked out pretty well the last 5000 years. Would you suggest high transaction cost instead?

What do you mean gold worked out? 65% of Americans live paycheck to paycheck. 70% of the wealth is held by the top 10%. The dollar is down 97% and gold doesn’t offer any solution. It’s like a band aid for an open wound It is a part of the fiat system… it’s not opting out to own gold. It’s literally perpetuating it. Monero is no different either. Adding tail emissions and accounting for inflation is literally accepting defeat to a dying system. There’s no need to tax the holder and debase them for “security”. If it was actual sound money it would incentivize a free market, not have a pre planned price control (which is by definition not capitalism). It’s the weakest narrative in all of crypto.

Literally not a free market though if there is built in price controls 😅 How is that better than fiat? At least the fed has better marketing and pretends it’s a free market…

"price controls" are caps on how high or low the price of something is allowed to go. they are government imposed. having algorithmically determined supply inflation has nothing to do with price controls. at this point I feel like you're just saying random unrelated things.

If you don’t see how that’s a price control… you deserve to get debased I guess.

its not anyone elses fault that you dont know what words mean. tail emission has nothing to do with price controls. stop.

I mean, even though there is inflation and people have used it in trade/medium of exchange. If you bought an ounce of gold in 1970 (37 USD), the price today for that ounce would be 4,353 USD. So, imagine people were still paid somewhere around 4 ounce of gold a day (as they used to be). People wouldn't live paycheck to paycheck anymore. The problem is that you have allowed criminals to control the USD.

Look at that cognitive dissonance here though. You are pricing the gold in a fake piece of paper. The increase is in fiat money. When the sale is made it goes back into THE PEICE OF PAPER. It doesn’t solve the inflation problem. It’s a zero sum game. A gold holder does “better” momentarily in the piece of paper at the paper holders expense.

I would not argue that no inflation is possible. But, just look at BTC, people hoddle, transaction cost are extreme. It may work for an investment object, store of value. But, I doubt it will ever work for a currency. Here transaction costs matters, particular for smaller transactions. Inflation facilitate use of a currency and entrance of new users. Inflation is not the problem, it's the people who can create it out of thin air that causes the problems. Gold loses value every time someone digs up new gold or a country bans possession. The reasons why you still feel wealthy when you inherent your grandfathers gold coin collection is that the price of your labor has been inflated away to nothing by a crimesyndicate, not that your grandfather were rich or gold supply have decreased. There is a difference between buildin controlled inflation and a criminal person/families that gets monopoly on money creation and goes haywire in money printing.