/biz/ - Business & Finance

[Anonymous No.54695274]

Monero holders will spend years talking about USD inflation as if Monero doesn't have an infinite supply

[Anonymous No.54695279]

it's not infinite if you can't audit it

[Anonymous No.54695311]

>>54695279
>Endless printer for $: bad
>Endless printer for XMR: good

[Anonymous No.54695538]

>>54695274
By what percentage will the XMR supply increase in the next 100 years?
How much will be lost due to forgetting keys?
Finally how much will the USD supply increase in the next 100 years (if it makes it that long)?
Please provide numbers.

[Anonymous No.54695545]

XMR's inflation rate is predictable and will go down every single year

[Anonymous No.54695552]

>>54695545
but you can't audit it

[Anonymous No.54695555]

>>54695545
but yeah XMR is more like an actual currency than whatever Bitcoin is supposed to be

[Anonymous No.54695565]

>>54695279
>>54695552
>What is source code

[Anonymous No.54695587]

>>54695552
you know XMR's code is open source right?

[Anonymous No.54695600]

>>54695565
>>54695587
show me a single proof the fat jewtalian from africa (literally a fed) didn't mint a 2 millions XMR wallet just for him?

oh yeah you can't because XMR is not auditable

this coin will never pump also

[Anonymous No.54695634]

>>54695600
>Ignores the two anons pointing to the source code

>this coin will never pump also
Not my problem, I don't have any.

[Anonymous No.54695643]

>>54695552
>but you can't audit it

How wonderfully retarded.

[Anonymous No.54695667]

>>54695643
Nothing on that screen tells me anything. You can't audit that gobble gook

[Anonymous No.54695696]

>>54695667

The supply is audited every time a node syncs, that's what you're seeing.

[Anonymous No.54695702]

>>54695667
>Monero can't be audited because I'm a retard
great argument

[Anonymous No.54695710]

>>54695696
Yeah but that isn't an audit.
That is just reading numbers on a screen and trusting that they're telling the truth with no verification.

[Anonymous No.54695723]

>>54695702
>numbers say, well, a number, so number is number
>number is number so it must be right number

better than any argument you've ever had

[Anonymous No.54695730]

>>54695710
Yeah, I don't trust it.

[Anonymous No.54695742]

>>54695723
>>54695710
>>54695702
>>54695696
>>54695667
I've been investing massively in XMR from 2016 to 2020 so I was a true Monero "Chad" somehow

Monero is not auditable, it's a jewish scam and an obvious honeypot too

don't buy this shit
don't advertize this shit
don't even talk about this shit

[Anonymous No.54695743]

>>54695552
Just trust them bro

[Anonymous No.54695761]

>>54695643
coinbase transactions are not every source of possible monero, you are very stupid

[Anonymous No.54695767]

>>54695710
>That is just reading numbers on a screen and trusting that they're telling the truth with no verification.
>>54695730
>Yeah, I don't trust it.

Trusting? Verify the source code yourself, retard. And learn about how zero-knowledge proving systems work while you're at it.

[Anonymous No.54695778]

>>54695767
how can i audit "coincards" ?
should i just trust them?

[Anonymous No.54695812]

>>54695767
https://trends.google.com/trends/explore?date=all&q=%2Fg%2F11ft3fv7k3&hl=fr

fuck off deranged old man, you're irremediable

[Anonymous No.54695848]

>>54695761
>coinbase transactions are not every source of possible monero, you are very stupid

How are RingCT TXs constructed, genius?

[Anonymous No.54695865]

>>54695778
>how can i audit "coincards" ?
>should i just trust them?

Yes. And then be amazed at how the free market continues speaking the way it does.

[Anonymous No.54695868]

>>54695848
shut the fuck up don't talk to me moron
https://www.getmonero.org/resources/moneropedia/coinbase.html

[Anonymous No.54695895]

>>54695812
>>fuck off deranged old man, you're irremediable

Does Monero going from 0% to 65% of "Buy Giftcards with Bitcoin" US sales in the span of 18 months make you feel anxious?

[Anonymous No.54695908]

>>54695868

Pedersen commitments + Bulletproofs

[Anonymous No.54695937]

>>54695908
moving goalposts, certified clown, your subject was coinbase transaction, not opaque cryptographic assumptions, get that into your monkey brain

>>54695895
I don't give a fuck about your shitty website lmao learn to read google trends

[Anonymous No.54696023]

>>54695937
>moving goalposts, certified clown, your subject was coinbase transaction, not opaque cryptographic assumptions, get that into your monkey brain

Coinbase TXs are transparent, regular transactions are constructed using Pedersen commitments and validated using zero-knowledge range proofs.

>I don't give a fuck about your shitty website lmao learn to read google trends

lol imagine a primarily Bitcoin-oriented clearnet business seeing 65% of US sales go to an altcoin while BTC is getting slaughtered by that same altcoin in the black market it had dominated for 10 years..

[Anonymous No.54696072]

>gold is inflated every year about 2%
>monero inflation is less than 1% and gets smaller every year
>any amount of usd is printed anytime whenever politicians want it
yes you got it, they are all the same

[Anonymous No.54696116]

if so much people are buying monero and monero is as scarce as you pretend, then why monero can't break 2018 ath?

[Anonymous No.54696308]

>>54696116
Not him but monero's ath was too sudden and without fundament back then. Dark markets used BTC as well and everyone thought its privacy problems would be eventually solved.
Today, not so much but XMR has a restricted market and isn't even named by government agencies out of fear that it grows. So, it is just a matter of time before privacy is a very scarce and sought after feature that nothing else is as well placed to provide it.

[Anonymous No.54697335]

Midwits kek

[Anonymous No.54697377]

>>54695274
Of everything out there, you'd be absolutely retarded to not have a bag of xmr more than literally anything else

[Anonymous No.54697609]

>>54695600
this. it's the only logical explanation why monero has had such lousy price action. devs dump like like chainlink

[Anonymous No.54697689]

>>54697609
>devs dump like like chainlink

lol if that were true there wouldn't be incessant issues with suspended withdrawals due to lack of supply on exchanges

[Anonymous No.54698791]

>>54697377
>have a bag of xmr
Monero is a utility for transactions low IQ anon. "Having a bag" doesn't matter because is not supposed to skyrocket it price moonfag

[Anonymous No.54698850]

WTF is tail emission shit?

[Anonymous No.54698865]

>>54698850
https://www.getmonero.org/resources/moneropedia/tail-emission.html

[Anonymous No.54699465]

>>54695667
this is the level of retards that spread "le infinite supply" fud over and over again. you need to be put down.

[Anonymous No.54699481]

>>54697689
withdrawl is obviously suspended because they have to enforce kyc tagging and egress transactions cant be followed anymore.

if you belive anything other than that your a smooth brain

[Anonymous No.54701267]

>>54699481
>withdrawl is obviously suspended because they have to enforce kyc tagging and egress transactions cant be followed anymore.

lol"obviously". Its called fractional reserve lending, midwit, the exchanges sell you paper crypto they don't actually have in reserve so when too many withdrawals are initiated at the same time they have to suspend them until they reup their supply.

https://bitcoinmagazine.com/markets/the-dangers-of-paper-bitcoin

[Anonymous No.54703247]

>>54695767
>Verify the source code yourself
Their argument boils down to
>how do you know the code does what it says?
Baseless FUD

[Anonymous No.54703453]

>>54695274
I wish these dumb asses can look above just p2p privacy XMR is offering and know that there are a lot of good dapps and protocols that offer privacy.

[Anonymous No.54703556]

>>54699465
Monero supply is infinite because you cannot prove that it is not. The risk isn't tail emission its that if any one of literally dozens of hardforks allowed someone to print themselves a trillion coins no one could ever know unless the individual dumped it to zero instantly.

[Anonymous No.54703609]

>>54703556
Even if you think Monero is a good privacy tool, which it isn't, holding this stuff is crazy.

[Anonymous No.54703625]

>>54703556

What are zero-knowledge proofs? The free market seems to know.

[Anonymous No.54703651]

>>54703625
Monero retards keep invoking the market to support their infinite supply internet coin as if Monero isn't literally down 98%

[Anonymous No.54703668]

>ID: PnZMgi0Q
oh dear, the monero cope poster is back again with his heavy bags and lack of understanding of his own favorite coin.

[Anonymous No.54703729]

>>54703651
>Monero retards keep invoking the market to support their infinite supply internet coin as if Monero isn't literally down 98%

Oh no, not the clownworld market metrics!!!

[Anonymous No.54703750]

>>54703668

Remember kids, only Bitcoin and dog memes!

[Anonymous No.54703968]

>>54703625
what are cryptographic assumptions? moron

>>54703668
and it's the same guy making monero generals threads, he's mentally ill

>>54703729
there is no other realistic ways to determine the price of something than a market. triple moron

[Anonymous No.54704111]

>>54703968
>what are cryptographic assumptions? moron

Oh no, you mean the widely-used cryptography doesn't actually work?!


>there is no other realistic ways to determine the price of something than a market. triple moron

True, but there are rational markets and there are irrational markets.

[Anonymous No.54705252]

>>54695274
Considering the emisson rate this will only become a problem in 300 years from now.

[Anonymous No.54705994]

>>54703750
Only concerned about Bitcoin and the coming altseason tranny.
Could be the biggest one yet
https://blog.altcoinist.com/altseason2023/

[Anonymous No.54706004]

>>54695274
lol

[Anonymous No.54707147]

>>54703453
Nah everything that's not their reddit tier community is a scam kek

[Anonymous No.54707789]

Reminder that btc will either swap for an emissions system or die

[Anonymous No.54708513]

>>54707789
What amount of emissions is the correct amount?

[Anonymous No.54710289]

>>54708513
Idk lol

[Anonymous No.54710930]

>>54705994
>Only concerned about Bitcoin and the coming altseason tranny.
>Could be the biggest one yet
>https://blog.altcoinist.com/altseason2023/
Giant green dildos expected

[Anonymous No.54710934]

>>54705252
No it wont. The more time it passes the less the impact of emissions will be.

[Anonymous No.54711015]

>>54695279
This but add that you can't even see an inflation bug if it's there. Some-one might be printing Monero at will and no-one will realize until some-one finds the same bug and makes it public.

[Anonymous No.54711023]

>>54695545
No, it's not as there are unknown unknowns so you will never be entirely sure.

[Anonymous No.54711037]

>>54695311
They both have unlimited supply, but what you're interested in is not the endpoint of the supply, but the supply in a given period of time. Let's say I told you that, in 2500, they'll mine asteroids and bring a million tons of gold back to Earth. Would this bother you? Perhaps gold would get a tiny discount because of that knowledge (in reality, it'd be a huge drop because people panic about fucking everything, but rationally). What matters is the trajectory as far as you experience it, both directly and indirectly (e.g. by experiencing the thought "will my grandchildren experience it?"). XMR's emissions are on a fixed schedule and slow, as opposed to fiat, which hyperinflates regularly because someone can print it in a discretionary manner.