The problem with fiat inflation is that you simply can't trust it. Each institution has a different way to calculate it, one will measure certain things but leave other things off the calculation, another one will average things with arbitrary weights, so on. Central banks and governments have interest in manipulating prices in a way that doesn't align with the interest of the people most of the time. For example, they will print money to keep the stock marketing from crashing, but that will make housing unaffordable, or will print money to keep gas prices low but then unexpectedly electricity prices soar.
But the solution for that in a cryptocurrency is not fixing a hard cap on supply as Bitcoin does. Many of those that were early in Bitcoin, for example who mined it before ASICs arrived, lost their wallets. It will happen to many as well, to be victims of floods or hurricanes, and that paper were they wrote the seed phrase will disintegrate. The drive with that txt will fail, that encrypted file will get corrupted, that email will be hacked or deleted due to inactivity. And one of the biggest problems with crypto right now, in my opinion: many will lose their lives without passing the wealth of their whole life to their loved ones.
Lost coins in a hard capped cryptocurrency means it is actually deflationary. We have never lived in a deflationary society. It can be actually way worse than low, controlled inflation. If everyone knows for certain their coins will always be worth more the next day, the incentive is to save the most. They who spend are dumb and will be mocked by holders. Minimum spending means economic activity will slow down, less jobs will be created and people will earn less. That's just something no one want.
Tail emission in Monero is a brilliant way to solve at least part of the problems caused by lost coins. I still want to see how the cryptocurrency community will deal with wills and inheritance, without compromising self-custody.
Terrorists are the ones attacking civilians. Israelis are bombing civilians so they are the terrorists. No matter how many lines of text you write to try to deceive others, no one can hide the truth, jew.
Sovereign individuals will lend #monero for people to buy their homes.
A good thought exercise would be to estimate the interest ratio on such operation. Would it be lower than what is practiced in fiat economies?
https://blossom.primal.net/723905133a67ffb0ce9189fc14986819a8abd939daa4a649c8f8ec265cd46ac5.mp4
PAY ME IN MONERO by WILLPOWER & MARGAUX
We view privacy as a fundamental birthright.
Educating people on its importance is vital in the dystopian age. At times, it feels useless to spread awareness, but it still must be done. No matter how hooeless it looks, we must go on and continue.
Full project: https://willpowerstudios.com/projects/pay-me-in-monero/
#monero #xmr #privacy #privacytech #digitalprivacy #cypherpunk #lunarpunk #paymeinmonero #pmixmr #willpowermusic #lightart #hiphop #hiphopstr #rap
n0ice m8
gn, nostr
this land is too beautiful not to invest in. we live, grow, & feed off of the land. this is from our parents to us & for more generations to come.
https://video.nostr.build/f929e8607379b717e48f2c48b33b1362e976d6c725929906faa568bfda20ec0a.mp4
Is this Patagonia?
DEX all the way.
Fuck the banks and regulators, they don't serve the people.
I notice this when I pay the VPN. Every month my previous payments er more expensive
Cape Verde or Congo
This is a negative image from the shroud of Turin
Lol you cant mine it at home since the asics came out 10 years ago. Even if you invest in the best setup, unless you have free energy, it won't be profitable. Bitcoin was definitely hijacked. Asic-resistant hashing protocols are a must to maintain the network decentralized. Its a matter of time until the powers that be start deciding which transactions pass through the mempool.
Fees brother
Transaction fees increase as block reward halves.
Hopefully fees won't increase so much to the point of scaring people from transacting on chain.
Good morning nostr, the wind is blowing so hard right now, in gusts. Must be the hard cold front getting ready to blast Texas with freezing temps. We're in the 70's now, but tonite it'll be below freezing. π₯Άπ₯Ά
After church we'll be getting extra firewood for the stove and hay for the animals, then maybe tackle the shop cleanup again. But for now i'll enjoy my coffee. Yall have a great sunday, enjoy your coffee, and remember that today is a gift. #coffeechain #homesteading #grownostr https://cdn.nostrcheck.me/8d9d2b77930ee54ec3e46faf774ddd041dbb4e4aa35ad47c025884a286dd65fa/2b6ecbd1c6b7c2df2ae9f1c13f39f5ff4dade895f4e8790c82772876e77d1dc4.webp
What's the size of your homestead
Does its size is enough to live off the surplus production of the crops?
Does it work well on Poco phones?
My experience developing in rust has been very painful
Is it really worth this or is there an easy way?





