BitcoinIsFuture's avatar
BitcoinIsFuture 2 months ago
Inflation devalues the worth of every hodler. Gold has inflation and it devalues Gold with about 1.5% a year. Its still valuable because fiat inflation is much much bigger than that. Same with houses that are build new in addition to the existing ones. That is why Bitcoin being limited to 21 Million is The Greates Money of them all. Selfish mining attacks succeeded with Monero 2 times, not with Bitcoin because probably there are differences ASIC vs CPU, incentives and so on. Inflation in Monero devalues the worth of any Monero holder. Inflation is always theft!
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Replies (3)

BitcoinIsFuture's avatar
BitcoinIsFuture 2 months ago
"Monero/gold mining is open to anyone, requires PoW, and is predictable Fiat inflation is closed to a select few, requires no work, and unpredictable" That is True! But it only means that inflation in Monero is not that severe as in fiat. The same way that inflation in Gold is not that severe as in fiat. But it is still inflation and still devaulues worth. The big difference with Bitcon is that inlation in Bitcoin is reducing untill it will reach 0 (already less and Gold and anything else). On Monero and in Gold it will go on forever.
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S!ayer's avatar
S!ayer 2 months ago
Dude, please get a proper education not hustler's university theories on inflation and economics. Honestly the reason why I stopped engaging with this. but it does make me laugh so thanks 🙏
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