Kanzan
4d ago
nobody tell Slim about how gold failed as a SoV because of supply inflation 🙄
precious metals companies are literally stealing my time from me!
precious metals companies are literally stealing my time from me!
OceanSlim
•
4d ago
Adding a tail emissions to pay miners is exactly like printing money to pay bond holders. Congrats Monero.
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Replies
OceanSlim
@OceanSlim
3d ago
Good did fail as a SoV... Also, something with fixed should will always store value better than something that has an ever increasing supply. That's pretty simple economics.
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Kanzan
@Kanzan
3d ago
gold is still an SoV after 5000 years.
a fixed hard cap is just bad monetary policy.
a fixed hard cap is just bad monetary policy.
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YODL
@YODL
♥︎ by author
4d ago
What's the tail emission now, .6 per 2 min block?
Why not 0.61? What is the rationale if you don't mind me asking?
Why not 0.61? What is the rationale if you don't mind me asking?
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Kanzan
@Kanzan
4d ago
there are various theories about what the "sweet spot" might be.
as i understand
½ to ⅓ the yearly amount of gold supply inflation is Generally Regarded as Safe, while still replacing lost coins and discouraging hoarding.
as i understand
½ to ⅓ the yearly amount of gold supply inflation is Generally Regarded as Safe, while still replacing lost coins and discouraging hoarding.
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YODL
@YODL
4d ago
Ah, that's very reasonable. The ocd in me is slightly bothered by the lost coins thing with BTC.
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OceanSlim
@OceanSlim
3d ago
Who cares about lost coins? Infinitly divisible. If they're truly lost, yours just become worth more.
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YODL
@YODL
3d ago
It's more ocd than anything, only care a little. And I don't think it's infinitely divisible without a hard fork, but I get your point
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Resonance Cascade The II
@Resonance Cascade The II
4d ago
It bothers you, because you care
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