When you die?
When your grand grand children die?
Be specific and I tell you how much coins will theoretically be available.
Discussion
It seems the definition of "max supply" is different in monero land.
Well, until we come to a proper definition of max supply this conversation cannot move forward.
My definition of max supply means objectively static across time. Thus, if monero cannot produce that in their definition of max supply, then my Note still stands as correct and monero is immoral because it steals purchasing power from people's resources they have put into monero. Sad.
You could use Wownero then which is Monero, but with a fixed supply like BTC.
But before that I want you make think about certain tradeoffs the Monero dev community discussed from Bitcoin experience before going with a disinflational model that doesn't stop its issuance in 2140 like BTC.
Sad. Is nothing but you ending the conversation where it would get interesting.
Taxes are theft. Currently the BTC tax/theft is about the same as XMR.
So you are obviously not talking about the now,but the future. But the future is uncertain. We know that miners work for a reward (15 years of ecperoence). We don't yet know if a fee market will exist in the future sustaining the network in general and especially during attacks.
Max supply is a meme but in practice it is irrelevant. #Bitcoin supply is elastic so it doesn’t matter whether or not there will be a finite amount of whole BTC being emitted. Here is what matters:
- Predictability of the rate and volume of the coin emission
- To whom the emission is being distributed
- Decentralization of coin ownership
This is preposterously vague, pseudo intellectual, non-knowledge.
It is not. He is precisely correct.
Your assertion that fixed supply is all that matters is lazy and anti-intelletual.
Whst is important is that monetary policy is known, difficult to change, and newly created money is distributed in an accessible way.
"there will only ever be 21M" is a meme. it is irrelevant for us in the rest of our lives.
Your purchasing power is still bring "stolen" from you according to your definition.
More than if you held gold or held monero.
What matters is exactly what he said.
again, what is the known monetary policy?
In the case of BTC, it is continual halvings until the (stupid) hardcap.
monero is 0.6 XMR per block.
both known monetary policy, both with their own tradeoffs.
I appreciate the more precise info.
A hard cap is the necessary ingredient for increased purchasing power and monero does not have that. It cannot work any other way.
It is not a meme. It is a reality.
Moreover and obviously, we are not going to change each other's minds.
Good luck to you and those whom rely on you as put your hard earned energy labor into monero. Time will tell.
meh
standard Dunning-Kruger
gold has been a stable SoV for 2k years *with predictable inflation.
so you are obviously incorrect and just repeating stuff you've heard somewhere else.
moneros supply inflation is lower than golds.
a hard cap is a stupid knee jerk reaction to fiat insanity.
well-meaning but ultimately dumb.
good luck with your digital real estate.
Whoah. I am finally seeing what you monero folks are seeing and it is the hill your are trying to die on...
1. Hard cap is the fucking stupidest idea as it has no bearing on purchasing power
2. What outshines a hard cap is "predictability of the rate and volume of the coin emission" and THAT is the ultimate factor in determining the purchasing power of a digital ledger, which then prompts good economics of supply and demand.
Okay. cool. very cool. so cool. so very cool. so cool. I wish I would have thought of this. this is so cool. very cool.
everything is tradeoffs.
a hard cap is a gamble that a fee market will develop based on transactions to pay for network security.
BTC has maybe 8 more years to get it together.
since most volume we've seen is speculative interest in jpegs, it's not particularly encouraging.
but hey, it could happen.
I am so thankful for your enlightenment. It is the best nostr:npub1lxzaxzge0jq9u9cecucctdt5lslwgp7hcxmp2l0wn8r2ecjenwasu6svxa
np
Gold was (and still is) hard money for civilization for several millennia and it is still continuously being mined. Also much more popular and larger market cap than Bitcoin. It would be absurd to call gold "immoral"
What matters is issuance is decentralized, predictable, and requires PoW. All the problems of fiat stem from being the opposite of those three.