You are assuming that by the end of bitcoins final block mined the world would still be plagued by inflation… thats just not reality. No fiat currency could last that long (2140 is 114 years away and the average lifespan of fiat is 27 years). USD is long overdue. It’s in the last decade at the most given the current geopolitical situation. More importantly, “in a free market, the natural state is deflation” (that’s a quote from @Jeff Booth ) This points out the major flaw with Monero. By introducing a patch for inflation - you are assuming we are in a free market and copying the very mechanism of a fiat system. Using tail emission “security” is an excuse to debase on that false assumption. If the network is valuable enough to be the world's settlement layer, it will be valuable enough to pay for its own security without debasing the holders. That’s how a real free market functions. Based on time, energy and true scarcity. It’s a positive sum game where security increases as the network grows.

I find it interesting that people can simultaneously argue that Monero’s tail emission is absolutely necessary to maintain long-term mining security, while also arguing that it trends toward effectively zero so it doesn't matter. If it truly trends toward zero and becomes barely noticeable, then it doesn’t materially change mining incentives or network security. But if it does materially impact mining incentives, then the inflation is significant. You can't have both. The same goes to Bitcoin discussions around future transaction fees. People constantly attach a $ price to future block fees, as if the economy of 2140 will still be dollar denominated. By the time the last Bitcoin block reward is mined, economic activity will be denominated in sats, not dollars. Transactions won’t “cost thousands of dollars” in the way people frame it today. People also project today’s mining environment infinitely into the future, without considering how incentives evolve over time. Early Bitcoin mining rewards were massive, which naturally incentivized large scale industrial mining operations to emerge and aggressively secure the network during its infancy. But as halvings continue, large industrial miners increasingly struggle with operational overhead, energy costs, debt structures, and margin compression. That opens the door for smallerscale miners and home miners to become more competitive. Bitcoin’s design seems to front-load security through big issuance incentives, then gradually transition toward a more decentralized mining space over time.

Great explanation 👍

Honestly, capped supply could work & it's also a great marketing... But with 7TPS & no plans to make that bigger? No way man... That's insane. Plan is clearly to make an actual digital gold, that only big actors can old onchain, and to rebuild the banks on top of it the way it always has been. I mean, the smart guys calling the shot can all do the math & figure out were it leads right? This leaves a lot of room for Monero to grow, as the currency of the people. It's true that we'll have to pay for our security (~0.5%/year), but at least we'll have self custody. ✊ Btw, something else people miss: what we pay for holding, we won't pay it for transacting. Cause that's the other thing right, most people do both and have to pay for the security anyway. 😅