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shortwavesurfer2009

Gold has a 1.5% inflation rate according to the World Gold Council. And yet, it's what people think of when they hear store of value. The fact that Monero has a 0.8% inflation rate and falling definitely does not discourage it as a good store of value and investment.

bibi99 1y ago

Inflation bugs are possible. That is the argument against xmr? Btw I love xmr for private transactions

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shortwavesurfer2009 1y ago

Inflation bugs definitely are possible. However, there's a lot of work that goes into making sure that does not occur. And at least as of now, we don't seem to have had one because if we did, we would see much higher Monero inflation because somebody with an inflation rate bug is going to print themselves more Monero. And so far, in the 10 years Monero has existed, we've not seen evidence of such.

atori 1y ago

Not if they are smart and cash out slowly. Or just spend the monero on the things, or donate.

shortwavesurfer2009 1y ago

But your fighting human nature and human nature is generally going to be as greedy as possible. So donations would be unlikely and cashing out slowly and or buying products slowly enough not to crash the price would also be unlikely.

atori 1y ago

The fact that it is possible however means capital will never flow into monero in large quantities.

shortwavesurfer2009 1y ago

We will just have to agree to disagree on that one.

atori 1y ago

The future will show who is right. I expect monero to slowly continue to increase in value, but nothing like the appreciation of bitcoin.

shortwavesurfer2009 1y ago

But Monero will have more use in day-to-day transactions and therefore will be much more stable than Bitcoin could ever dream of being.

atori 1y ago

Inflation bugs that can go undetected for a long time are an argument against monero as a store of value, but not against monero as a medium of exchange.