at first, ignorance is bliss.
then, knowledge brings despair.
at last, taking action creates truth.
pookiebear
npub19478...903x
Just a guy pondering what the truth is while remaining optimistic ๐
CO_921609
Modern Social Media is isolating and anxiety-inducing.
Happy to see so much hope and light in nostr.
We're at a pivotal point, for both Monero and Bitcoin:
Who has the most power, between their respective blockchain protectors and attackers?
Yes, monero is inflationary.
But a deflationary currency could be a bad currency aswell!
My point is that what really matters is the control and consensus over the inflation/deflation:
-Tail emissions are fixed, and provide a stable incentive for miners (who are really needed right now by the way)
-Halving cycles drove most of bitcoin's value throughout the years
-Yet if a currency was hyperdeflationary (supply caps too quickly), there would be no incentive to mine.
-Of course a hyperinflationary currency would be worthless in no time aswell
What motivated Satoshi Nakamoto to create bitcoin in the first place was seeing how feds could print dollars out of nowhere, without consensus, and repeatedly breaking their own 'fixed inflation' promises.
Both in Monero and Bitcoin, the printing cycle was agreed upon before mining. Arguing Monero is worthless because of inflation is missing the point.
what's the best way to be heared?
shout.
what's the best way to be listened to?
listen.