| ▲ | tardedmeme 2 hours ago | |||||||
Real value deteriorates due to entropy. If I harvested some lettuce this week, in a year I don't still have lettuces - I have a pile of stinky mush. Keeping value steady requires a continual input of effort. I'd accept "leaky currency" as a substitute for inflation. The important thing about inflation is that you have to keep running just to stay in one place - not that the numbers keep going up. Stable prices are nice, I agree on that. Bitcoin's volatility is caused by its deflationary nature. Monero is inflationary, and much less volatile. In an inflationary system, normal people are forced to keep earning money. "Becoming amateur investors" is your way to say "keep generating real value". If you want to surpass Elon Musk you have to invest, but that's nothing to do with the inflationary currency. That's because Elon Musk uses deflationary currencies like land and Ponzi currencies like Tesla stock. He just sits on them, and he will get out of the Ponzi ones before the top because he controls them. As they say, bad money drives out good. But you cannot build a stable economy on hyper-volatile gambling. | ||||||||
| ▲ | hyc_symas an hour ago | parent | next [-] | |||||||
Monero is disinflationary, not inflationary. The rate of new coin emission is only enough to maintain equilibrium with the rate of coins being lost (due to people losing wallet keys, etc.). So your comment about being forced to keep earning doesn't apply to Monero. | ||||||||
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| ▲ | ballofrubber an hour ago | parent | prev [-] | |||||||
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