lol, because it takes actual work to produce Gold at that inflation rate. RandomX algorithm requires very little work at all to produce more XMR. And as we learn from basic supply and demand, prices fall to the marginal cost of production.
If it cost nothing to make it, it’ll cost nothing to own it, making it worthless over time.
lol
tell me you dont understand the difficulty adjustment
without telling me you dont understand the difficulty adjustment 👍
Tell me you’ve never mined bitcoin without telling me you’ve never mined bitcoin.
Just because a mechanism keep things fair to discover for all doesn’t mean that it makes it cheaper to produce indefinitely.
dude Ive mined Bitcoin since before the China ban.
nobody except for you said anything about "makes it cheaper to produce"
Monero uses PoW just like Bitcoin.
get your argument straight.
You’re arguing that just because gold has a higher inflation rate than XMR means that XMR will be a good store of value. lol, read “the price of tomorrow” by Jeff Booth
that is *not what I said.
if you don't have reading comprehension skills it's been nice chatting with you.
Inference is a skill most AI’s have a hard time with
pro tip
it is seldom productive on social media to have discussion based on your own inferences of the other person's meaning.
its a separate discussion but yes
XMR has all the properties of a good SoV.
the bullshit fiat chart you shared remains bullshit.
Your right; in order to have a discussion about store value, one does need to infer that the other party understand the meaning of VALUE. Looks like we have difference of opinion on that. To each their own.
exactly
you think that USD denominated value is VALUE.
otherwise why are you sharing fiat denominated charts?
and I think the ability to transact oermissionlessly is VALUE.
which is why I use the best tool regardless of fiat price.
👍
Feel free to share a chart or full thought that describes your argument about it XMR being a good store of value 👍
as with Bitcoin
monero is a good SoV because it has stable monetary properties and people find it's utility valuable.
known supply
consist demand
It’s an excellent SoV cos its fungibility (just in case)
Forked around… found out…
do you even know what argument you are making?
or is this just "I'm not clear on the details but this seems relevant somehow"
…Says the guy who has never ran a bitcoin node.
i guess you just jump around from thing to thing and cant make a nuanced point about any one specific?
i have two nodes atm and have been a node runner since 2016 👋
That's an interesting point.
Monero Difficulty Adjustment
Yes, Monero (XMR) has a difficulty adjustment mechanism. The difficulty adjusts with each block, examining the block times of the previous 720 blocks, excluding the 60 highest and lowest block times, which leaves 600 blocks for analysis. The average block time is then used to adjust the difficulty proportionally to target a 120-second block time.
The adjustment algorithm is designed to ensure that the network difficulty is appropriate for the current hashrate, maintaining a consistent block time despite fluctuations in mining power. This helps to stabilize the network and prevent sudden changes in difficulty that could disrupt mining operations.
