Is 0.6 reward forever, but what is 0.6 compared to

Question

Monero XMR

Mt33 DkiW

Is 0.6 reward forever, but what is 0.6 compared to

21 million monero in existence?

#cryptocurrency #english #xmr

0

21.05.2023

10 ответов

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AL-juarisɱi Vila

Mike K
That's the point. Maybe there'll come the time wh...

Not necessarily butcoin mining is not the same

0

21.05.2023

Mike K

AL-juarisɱi Vila
Not necessarily butcoin mining is not the same

You need time and energy to mine the inflationary coins. Maybe the mechanisms are different, maybe you mean the asic topic, but it is still proof of work. There needs work to put in to buy the Inflation. Thats the same. For monero it is forever. For bitcoin it halfs every 4 years.

0

21.05.2023

AL-juarisɱi Vila

Mike K
You need time and energy to mine the inflationary ...

Yes and that time and energy could be a school it classroom or thousands of refrigerators on any city

0

21.05.2023

Mike K

AL-juarisɱi Vila
Yes and that time and energy could be a school it ...

Thats true. But instead it is needed for the mining and continues to devalue the other monero coins. Inflation = devaluation. Inflation is important to secure the protocol. But Bitcoins shows (until now) that halving it every 4 years does not undermine the security. So if it doesn't why not make the inflation smaller over time? Inflation has no meaning for itself and it has a tradeoff.

0

21.05.2023

⁤ Björnsdóttir

Mike K
That's the point. Maybe there'll come the time wh...

You won't live to see 40 million monero in circulation.

0

21.05.2023

⁤ Björnsdóttir

⁤ Björnsdóttir
You won't live to see 40 million monero in circula...

(In 100 years, only 15.7M XMR is entering circulation)

0

21.05.2023

Mike K

⁤ Björnsdóttir
(In 100 years, only 15.7M XMR is entering circulat...

The amount is not that important. The example with the aliens could be clear. If they come and use monero. And lets das if prive goes 10x. Then it is very clear that because of Inflation prive must fall again. That explains that Inflation binds the price to it!

0

21.05.2023

⁤ Björnsdóttir

Mike K
The amount is not that important. The example wit...

You must be a troll or something.

0

21.05.2023

Mike K

⁤ Björnsdóttir
You must be a troll or something.

Every time an idea is challenges, no Matter if corona, war, or eben bitcoin or monero, if it doesn't the narrative thoughts they start to talk crap. Calling me a troll is so dump. Sorry

0

21.05.2023

Mike K · Accepted Answer

That's the point. Maybe there'll come the time where there are so much moneros that there will be lost as man as there will be mined. But STILL you need energy and time only for NEW coins. While Bitcoins lost means a deflation, moneros lost means a constant. But if for example alien come to the planet and want to use monero and the price goes 10x, than it must fall again and that is only because of the rising costs of the inflation. So: the Inflation IS a weigh in the price.

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