/biz/ - Business & Finance

>>53474223
>you cant audit the supply to see if the devs are exploiting an inflation bug to enrich themselves

Holy shit, it takes literally 20 seconds of Googling to establish otherwise.

https://moneroinfodump.neocities.org/#MuhInflationBug
https://moneroinfodump.neocities.org/#MuhInflationBug
https://moneroinfodump.neocities.org/#MuhInflationBug
https://moneroinfodump.neocities.org/#MuhInflationBug
https://moneroinfodump.neocities.org/#MuhInflationBug

listen here you little shit.
when you buy crypto from an exchange, you're not actually buying the crypto, you're buying your right to the crypto. that crypto becomes real only when you withdraw it from the exchange (that's why the fee for withdrawals is higher than the network fee).

the money you paid for the exchange gets in their pockets and they either put it in a reserve or "invest" it like FTX did. ever heard the phrase "not your keys, not your crypto"? that's what it means

>"the merge won't lower gas fees"
>"price should go up because issuance goes down"
>merge happens
>gas fees lowered
>price shits the bed
it does work to listen to everyone and do the exact opposite, doesn't it?

>>51419103