/biz/ - Business & Finance

>>54603796
>In a very practical sense, there is a fixed amount of gold in the entire universe, whereas from what I understand the same cannot be said about XMR.

The issuance rate is fixed while the rate of coin loss only goes up with increased adoption, so XMR may well end up proving to be deflationary in practice.

Thus, you can think of tail emission as the digital equivalent of old/damaged banknotes being destroyed and replaced with new ones.

>Central banks routinely collect and destroy worn-out coins and banknotes in exchange for new ones. This does not affect the money supply, and is done to maintain a healthy population of usable currency.

https://en.wikipedia.org/wiki/Money_burning

Moonfags need not buy. This is privacy technology, not a dog token.

Welcome to the Monero General, dedicated to the discussion of the world's leading decentralized P2P privacy cryptocurrency!

Monero is secure, low-fee, and fungible, meaning users can send XMR around the globe despite corrupt governments or broken financial systems. Innovative privacy features such as Ring Signatures, Stealth Addresses, and Ring CT ensure that Monero's blockchain is obfuscated -- In other words, the financial history of all Monero users is encrypted from the prying eyes of adversaries on a public blockchain, with transactions being visible only by a user willingly providing a view key.

Monero has also improved upon the scaling downsides of current popular cryptocurrencies. To avoid high fees, dynamic block size ensures that the size of the blocks will increase as the amount of transactions increases. Further, the mining network algorithm RandomX establishes that anybody with a CPU can participate in mining, preventing the ASIC miner domination that creates a high barrier to entry. Lastly, the mining network will be preserved by Tail Emission -- instead of the block reward falling to zero like with Bitcoin, the block reward gradually approached 0.6 XMR in June 2022, where it will forever stay. This constant linear inflation means the inflation rate will asymptotically go to zero while continuing to provide an incentive to miners to maintain the network.

If you still have questions, feel free to ask and a MoneroChad will be with you shortly.

XMR Redpill: https://yewtu.be/wq6w03E2DS4

XMR Stats: moneroj.net

USE Monero: https://cryptwerk.com/pay-with/xmr/

OFFICIAL WEBSITE - getmonero.org

WHERE TO GET MONERO?

>KYC:
Kraken
Binance
Bitfinex

>Non KYC:
LocalMonero
Morphtoken
Bisq
Kucoin
Tradeogre
Crypto ATMs
see: kycnot.me

>Mining
archive.is/TWOah

HOW TO STORE MONERO?

>Desktop
Official Gui/Cli
Feather

>Mobile
IOS: Cakewallet
Android: Monerujo

>>51518255
>so bitcoin won't go to a $1million?

Bitcoin is rapidly losing relevance in the only 100% crypto-based commercial sector in the world, its privacy solutions have been dismissed as inadequate & second-rate by authoritative OPSEC gurus while its fungibility woes are only getting more dire as the regulatory noose keeps tightening.

TL;DR: Bitcoin will continue coasting on hype for a while longer but as more and more users keep getting burned sentiments will inevitably begin to change.