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rationalist 2 days ago

> fixed inflation

It looks like you're referring to the tail emission which solves the problem that Bitcoin has.

Also, it is a small fixed amount of "coins", so the actual inflation rate approaches zero.

I think your comment is what they call "F.U.D."

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sph 2 days ago | parent | next [-]

> which solves the problem that Bitcoin has

Which problem are you talking about? It being deflationary? You might not think it's a good idea, but it's not a problem if it's by design.

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rationalist 2 days ago | parent [-]

Once there are no more block rewards, Bitcoin will only rely on fees to incentivize miners.

So either fees will be expensive, or there won't be miners securing the blockchain.

	▲	sph 2 days ago \| parent [-]
		Gotcha. Well it's by design, as Satoshi believed it not to be a problem. Only time will tell.

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littlecranky67 2 days ago | parent | prev [-]

> so the actual inflation rate approaches zero.

Now THAT is FUD. Current annual inflation rate is 0.84191433% [0]. That is massive and not "approaches zero". The value of Monero over n-years thus approaches zero over time, for big enough n.

While that is a little under 1%, it is still inflation. The ECB targets on average 2% inflation (while before COVID the ECB targeted maximum of 2% - so actually close to the Monero inflation).

[0]: https://p2pool.io/tail.html

	▲	rationalist 2 days ago \| parent [-]
		Thank you? It looks like we have different definitions of "massive". You also say it does not approach zero, but in the following sentence you do say it approaches zero. I guess people need to decide if inflationary money is better or worse than deflationary money, and what amount of inflation is appropriate. Personally, without too much thought: I think a monetary inflation rate should correlate with the population inflation rate, so that it's value remains somewhat constant (I'm open to changing this opinion with more information).