But Montero isn't deflationary and to claim otherwise is deceptive. Montero had a low inflation rate compared to fiat, it isn't deflationary by any definition of the word.
Discussion
"deflationary" means
associated with or tending to cause deflation
since the supply inflation of monero is set to be much less than historical annual economic growth, it is correct to call it "deflationary"
Did you actually read my comment?
All three are inflationary (BTC, XMR and Fiat).
BUT if you consider the annual coinloss then you can argue that BTC and XMR are already deflationary.
Bitcoin has a fixed supply, it's not inflating. Can you even admit the truth to yourself?
As long as new coins are being issued technically it is inflationary.
We're talking reality here - the supply is capped. Monero isn't. Isn't this the truth? Why try to be so deceptive? It doesn't help your cause.
I already explained my position, and you completely ignored it.
You did but not based on reality. 🤔. Not sure why you want to ignore the truth. I'm sure there are use cases for Monero, but lying about it's emissions and then denying Bitcoin has a hard cap. 🤡
Tail emissions is a fixed amount, 0.6 every two minutes.
That offsets (permanently) lost monero.
Bitcoin will eventually run out of coins to circulate, Monero will not.
Even new veins of gold are discovered.
Yes, new Monero is minted.
But New Supply =/= inflation, however typically whenever new supply is introduced inflation typically does occur* (*at least in most fiat currencies).
I haven't looked at Monero's CPI but I imagine Monero CPI is small like 0.5%, which one could consider "inflationary" but given the negligible amount compared to price appreciation it makes it hardly noticeable.
Overall, I would say any inflation Monero would see isn't a problem like it is in fiat.
Can you confirm the supply the last couple of years? And change over that time frame?
So you have no idea of the actual circulating XMR or change in amount circulating?
If I recall there is a command that audits supply but myself personally I am not aware of the mathematics, or code necessary to audit the supply.
However, I have trust in the code, and cryptographic processes not to fail.
Just like I had trust in bitcoin to not have inflation bugs when it did, which were of course fixed.
And I believe that if such an occurrence were to happen in Monero then the core developers would make the necessary adjustments to correct the issue without negatively, and drastically hurting users.
Ideally, it would be optimal to punish the exploiter but given the obfuscation of Monero, it may be hard to determine the individual(s) responsible.
People keep track of the monero network, and I am sure that the community could quickly pinpoint an inflation incident if network usage drastically increased.
You can. Coinbase TX (which create new XMR) do NOT have their amounts hidden.
https://sethforprivacy.com/posts/dispelling-monero-fud/#you-cant-audit-the-monero-supply
Thanks I will check this out.
You are either stupid or malicious (or both).
Bitcoin's fixed supply of 21 million will be reached/available roughly in the year 2140. Until then Bitcoin's supply is inflating.
Not that hard to understand.
It has a fixed supply and is full verifiable. That the last 3% is being distributed in the next 100 years doesn't change that.
We are not talking distributed tokens but overall supply. This you don't seem to understand what fixed supply means.