Someone else reading? 😅

Question

Monero XMR

Mike K

Someone else reading? 😅

#cryptocurrency #english #xmr

0

21.05.2023

7 ответов

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Mike K Автор вопроса

X
I've read it. It would be too much to explain, but...

Well but then you need to forgive me if i am not convinced. 💁‍♂ Especially i do not get what it has to do with the technology. Even if monero has a dynamic inflation, there is this never ending 0.6 for ever. So that means humanity needs to invest FOREVER energy and time for the Inflation. Sorry for repeating: while bitcoin is halving that need. Of course the absolute amount of energy and time rises again when price crises. (In bitcoin until 2140) But the procentage falls in bitcoin ever 4 years. I think satoshi was a genius to see the importance of declining Inflation 💁‍♂ there is something crazy impotant in it. Therefor i think monero needs a similar approach. And maybe zero Inflation would not be a good decision tomorrow, but maybe faster than until 2140.

0

21.05.2023

Mt33 DkiW

Mike K
Well but then you need to forgive me if i am not c...

What will happen when all Bitcoin is mined? Won't the tx fees rise ? Because there won't be more block reward

0

21.05.2023

Mike K Автор вопроса

Mt33 DkiW
What will happen when all Bitcoin is mined? Won't ...

Maybe, maybe not. But there will not be energy and time needed for Inflation. The market will decide the fees. What second layer technologies will be there and how often the mainlayer will be needed i do not know

0

21.05.2023

Mt33 DkiW

Mike K
Maybe, maybe not. But there will not be energy an...

Yes, if the market will decide the fees, probably the user will lose the battle and the market aka the miners will won

0

21.05.2023

Daro ɱ

Mt33 DkiW
What will happen when all Bitcoin is mined? Won't ...

Fees would rise Onchain and L2. If the majority of the holders would just at this point stop to send bitcoins, miners would get a problem cause they need money to pay the electricity bill. Xmr is at this point far better with the tail emission

0

21.05.2023

Mike K Автор вопроса

Mt33 DkiW
Yes, if the market will decide the fees, probably ...

But market could also bring more and better second layer if the miner would Action unfair, which is not clever to me that it would happen.

0

21.05.2023

X · Accepted Answer

X

I've read it. It would be too much to explain, but your presumptions are technically invalid

0

21.05.2023

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Someone else reading? 😅

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