Aeneas's avatar
Aeneas
npub1ate5...786v
Forging a legendary path, one battle at a time. Exile in the unknown, driven by fate. Conquering the shores of destiny, one heroic stride at a time.
Aeneas's avatar
Aeneas 1 year ago
Increasing of supply โ‰  Inflation. Decreasing/fixed supply โ‰  Deflation. Prove me wrong! #nostr #asknostr #bitcoin
Aeneas's avatar
Aeneas 1 year ago
Thinking that only a fixed cap coin is deflationary and a store of value shows how ignorant a person is regarding finance! #bitcoin #nostr
Aeneas's avatar
Aeneas 1 year ago
The greatest obstacle to discovery is not ignorance - it is the illusion of knowledge. #nostr #wisdom #grownostr
Aeneas's avatar
Aeneas 1 year ago
The concept of "tested money" is fundamental to understanding the resilience and reliability of different forms of currency. Monero is a cryptocurrency that, despite facing censorship and restrictions, continues to be used by a dedicated community. This demonstrates its robustness in adverse situations, where privacy and security are paramount. In contrast, Bitcoin, while widely recognized and accepted, is often seen as a form of money that is "carried by the state," as its stability is, in part, supported by government interventions and monetary policies that can distort its real value. A currency that has been censored but continues to be used shows a resilience that cannot be ignored. This resilience indicates that, in times of uncertainty, people still trust and use this form of currency. Furthermore, the issue of fixed capital issuance is crucial to understanding the deflationary nature of Monero. With a currency issuance that tends to be fixed over time, the annual inflation rate of the currency decreases as time goes on. This means that, in a scenario of increasing productivity and technology, the amount of currency in circulation does not grow at the same rate as the production of goods and services. Thus, as economic efficiency increases, the value of Monero tends to appreciate, making it a deflationary currency. This dynamic contrasts with inflationary currencies, where excessive printing can lead to devaluation. Therefore, when comparing Monero and Bitcoin, it is important to consider not only acceptance and popularity but also resilience in the face of censorship and the issuance structure that determines their economic behavior. Money that has already been tested in adverse situations and continues to be used, like Monero, can offer a more robust perspective in a world where privacy and financial freedom are increasingly threatened. Monero is a store of value, and if you don't know why you don't understand economics and finance enough. #Monero #bitcoin #nostr #wisdom
Aeneas's avatar
Aeneas 1 year ago
Those who are able to see beyond the shadows and lies of their culture will never be understood, let alone belived, by the masses. - Plato #wisdom #nostr
Aeneas's avatar
Aeneas 1 year ago
Time to upgrade awareness ๐Ÿ˜Ž This book has gold inside ๐Ÿ’ช #nostr #bookstr image
Aeneas's avatar
Aeneas 1 year ago
Can you mine bitcoin with your phone? ๐Ÿ‘€๐Ÿ˜Ž No, but you can mine Monero on it ๐Ÿ‘€ Bitcoin โ‰  decentralized Monero = decentralized #Monero #bitcoin #nostr image
โ†‘