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I like your analogy. A year ago I would definitely agree, at this moment it is more advanced but it is far from AGI and helps a lot. But with everything garbage IN garbage OUT. Good prompts, probably good output. Don't trust verify.
The only difference is replace samourai with ashigaru.
People will spend no matter how disinflationary the currency is because they need some food and other things. Nobody will do hunger strikes because the money is gaining purchasing power for example. People will be concious when they want to buy something.
I am of the view that a lot of products are just bought because fiat doesn't gain or at least not loss purchasing power. I don't like the throwing away society. With a disinflationary currency, you will have less incentives to do so.
Why do you say hard cap is not desirable condition for hard money?
I agree that the UX for lightning is not great as sovereign user at this moment but manageable. It definitely progressed a lot last year. Cashu is indeed custodial so in full trustless network it doesn’t work.
Just a question out of curiousity are there any trustless swaps between bitcoin and monero build now?
Where are now the main fiat ramps for monero?
For onchain transactions it will probably not happen in a big way. On second layer it is in progress, lightning and cashu.
Supply matters, but trusting a founder or founders to not expand the supply is stupid. With bitcoin and monero you have a decentralized network of nodes that will not shoot in his own feet with changing the code to expand the supply more than the code tells now. I believe can not invent scarcity twice. The good things of monero could be build on top bitcoin.
The difference is on this part with bitcoin: the people who transact will pay the cost instead of the holders.
Gold failed at multiple things, like:
-store it safe
-transacting easy
-checking if the gold is real or fake
Because of this failing IOU'S where born. This lead eventually to fractional banking.
Good trolling 😂 On a serious note, you don't know the future supply of this shit because the founder could expand it.
Some people look at a future for multiple generations. In this case it is more important as immortal money.
Relation between massive miner shutdown and new bitcoin blocks.
It had not a significant impact on the running of the network! Stay calm when a lot miners shutdown for whatever reason!
Because of the future additional supply,(tail emmision never goes to zero), so some bitcoiners discount the future of monero as infinite when you have infinite time.
A bit to fast reaction because monero is indeed different than a lot of shitcoin that did premine. The delisting of monero is indeed because it works for anonymous transactions otherwise it wouldn't pushed to delist.