Ah, thank you. Third is the type of thing I was after. Not sure I’ll delve in just yet, but some point.
Just so I’m clear, is Peter’s claim wrong in some semantic way (you do have a way of splitting hairs), or that it’s flat out impossible to sneak extra coins in given how monero works?
Peter is just throwing shade.
Amir comes out and says "monero should be valued much higher"
and Peter feels like he has to retort to Amir by saying "well maybe there's downward price pressure because it's compromised and someone is slowly dumping on the market"
he doesn't have any special insight into it.
Hmm, not like Peter to make technically wrong claims.
Anyway, thanks for the link, will harass you with questions about it down the line 😅
its not a technical claim.
theres always a nonzero chance theres an inflation exploit.
theres a nonzero chance theres an undetected inflation bug on Bitcoin.
noise.
Yes to inflation bugs, but we would see it in btc right away on chain, and am assuming that’s not the case with monero (I am woefully clueless on any technicals of xmr, sorry).
Guess I’m still interested in knowing what controls are guaranteed by xmr (just from a theoretical understanding), so will look into what you sent.
in monero every tx has to prove that
the sum of the inputs equals the sum of the outputs
to be accepted as valid.
and i dunno, sometimes things are not obvious even when values are transparent.
bugs can be sneaky.
also
bitcoiners make a big noise about auditability
but when was the last time you summed up the utxo set to confirm the supply?
even if people do anything at all its usually just run gettxsetoutinfo on their node. it's never that they build a little tool to do it themselves
point is,
bitcoiners are trusting others to confirm the supply for them too
its not that different than monero.
Feelin like you pulled semantic jiujitsu on me, but I wasn’t gonna press you further as I don’t have time to get into it… will come back to this once I research a bit more though.
As for verifying supply, plenty of times, but yes always relying on the command
I welcome your criticism of my thought process 😉
