How exactly does crytocurrencies with infinite supply like Monero work?
I can understand coins with limited supply having value. But won't infinite supply lead to inflation. One of the main selling points for cryptocurrencies is that they are not like the dollar. But won't inflation pretty much destroy it's value?
How exactly does crytocurrencies with infinite supply like Monero work?
Liam Collins
Other urls found in this thread:
Camden Johnson
>How exactly does crytocurrencies with infinite supply like Monero work?
By providing incentive to miners to secure the network forever, pretty smart actually.
Bentley Thomas
the inflation rate for monero is lower then bitcoins by a lot until 2024.
Jordan White
Camden Stewart
yeah but what about after 2024? If Monero is to be the future currency, it should not be inflating any time in the forseeable future.
Josiah Hill
0xMR has a limited supply, among other improvements
Zachary Davis
But limited supply has it's own problems. And far bigger than unlimited supply ones imo
Nathan Brown
>ground level xmr fud
its disinflationary, look it up
Anthony Powell
Asymptotic inflation down to near 0% over time. Supply caps are effectively deflationary and don't encourage use as a currency.
Jordan Parker
>I can understand coins with limited supply having value
Bitcoin will have a functionally unlimited for you and every single person in this thread, because every one of us will be dead before Bitcoin hits the supply cap. The arguments are functionally meaningless as it's an academic question since (you) are only going to have an actual existence where Bitcoin never stops inflating. That being said, Bitcoin is likely to die (or be severely weakened) due to the collapse of mining once supply of new coins drops to nothing (or even close to it). Monero just has better theory for sustaining the network in perpetuity that isn't dependent on transaction fees (which drop precipitously whenever Bitcoin does not have full blocks).
Nathan Barnes
>infinite supply like Monero
is your iq below 80? monero has a limited supply. right now 18,086,742 xmr
Joseph Jackson
No, 0xMonero is mineable and it is secured by Ethereum’s hashrate.
James Davis
Infinite supply over an infinite timeline. Otherwise the emission rate is fixed and predictable as opposed to the scary kind of inflation i.e. erratic and unpredictable.
Furthermore, Monero inflates at half the rate of gold and new supply is offset by consistent coin loss and confiscation, law enforcement permanently freezes all privacy coins found in seized wallets to prevent their use in criminal enterprise, effectively taking them out of circulation.
And lets not forget why tail emission exists in the first place: to keep fees low and miners mining when block rewards dry up.
Aaron Gonzalez
>the inflation rate for monero is lower then bitcoins by a lot until 2024.
2040
Luke Edwards
JUDENNNNNNNNNNNNNNNNNNNNNNNNN
Lincoln Myers
I'm so tired of these infinite supply retards, bros.. Like, do they really think humanity and crypto will exist FOREVER? Some people just can't into math I guess
Aiden Gutierrez
Gold held value for thousands of years despite new ore being dug.
Joseph Bennett
USD has infinite supply. Also has value. Simple as.
Adrian Peterson
Some inflation is not a problem. What's important for a usable currency is that the supply is predictable and stable, not that it has literally zero inflation.
Elijah King
crypto as well. thers like 18k different cryptos, imagines the amount in another 5 years.
James Campbell
XMR is the one true digital gold