Thread - Nostr Hypermedia

Kyma Fi kymafi@nostrcheck.me 0 months ago

In Monero the devs interfered with the free market beforehand … that’s literally central planning. in bitcoins case it is a free market and always was. Accounting for inflation in the protocol is doing exactly what the fed does… they only do it because they are based on debt and coercion. But it doesn’t scale for them. And it won’t for Monero. Just ask Weimar Germany, Zimbabwe or the French what happened….

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Replies (2)

Hanshan hanshan@hanshan.io 0 months ago

what are you talking about? when did "devs interfere with the free market"? Monero has always had the same issuance schedule. literally everybody has always known that there was going to be tail emission. it isn't anymore " central planning " then Bitcoin having a fixed emissions schedule that dwindles to zero.

1 replies ↓

Ricardo Martinez ricardo.martinez@ditto.pub 0 months ago

This is idiotic, gold has higher inflation than monero and was sound money for 6000 years. A certain amount of inflation is necessary for a currency to discourage hoarding, ensure velocity of money, and incentivize spending. This is why Bitcoin is failing as p2p cash.