Infinite supply

based off todays eth supply that is, considering 1 YEAR of tail emission rewards is less than a single day of eth.

>infinite supply

ETH is overvalued because dumb money still doesn't understand circulating supply. XMR inflation is nothing compared to ethereum.

Nah. Deflation is good. Deflation just means that the cost of living goes down over time as opposed to fractional reserve banking which prints arbitrary amounts at strategic moments inflating and popping bubbles at the whim of crony capitalists. Monero has an infinite supply but it's tail emission amount is minuscule compared to fiat and is done to keep the network running as opposed to Bitcoin which as far as I can understand will stop working when its supply runs out. But what makes Monero's supply superior to central banker controlled inflation is that it is predictable and non-arbitrary, it is coded in and mechanical.

>linear inflation
Dumb fuck, time also has an "infinite supply". But you sure as fuck will only see a small portion of that.

Deflation causes the economy to shrink. This is not opinion. This is not theory. This has been shown over thousands of years.

Know which countries have been DESTROYED because of deflation?

Here's an example: The Republic of Rome: Cost of living went down severely because almost all work was being done by slaves. What happened? People refused to buy goods and services because they could buy more and more for the same amount of gold next month. Businesses went bankrupt. People were out of work and the entire economy collapsed. This is one of the reasons why Caesar became emperor as well. He promised to stop the rapid inflation and save the economy.

>He promised to stop the rapid inflation and save the economy.

Deflation*

tfw moved my red rollercoaster into monero so i can sleep tonight

Just saying.

Caesar was never an emperor, tard.

PoS doesn't have proper economic incentives. It's just rich get richer with no way to outcompete besides having a larger stack.

Tell that to everyone who cashed out their Bitcoin at all time highs to buy cool shit with only for it to go higher the next year. Contrary to what Disney will have you believe not all the rich hoard money in giant vaults just so they can swim around in it. People will always spend their money because they have to eat and pay bills or just because they like to.

Miners gotta keep mining and block rewards are a great way to make sure that happens. Also since inflation is linear it'll hardly matter in a few years. The amount of Monero that is destroyed or forgotten will likely outpace new Monero generated after a certain amount of time.

>proper econmic incentives
It does for the rich? Proof of work is a huge waste of resources.

Fluffypony is only one of 7 core devs. He isn't a spokesman for the other 6.

It has plenty of incentives. I'm far from rich. But for those people, there are master node incentives as well. It also creates a healthier network because you don't need an expensive machine to stake. It becomes more decentralized. Among other advantages. You should read the whitepaper.

Actually the opposite is true. PoS is much easier for someone with a ton of wealth to simply buy up all of the staking power. Buying up 51% of hashing power is a much bigger nuisance because of the hardware costs needed.

Mining can and has increased efficiency. I'm not thrilled with energy consumption either, but it'll improve over time. PoS isn't a solution because there isn't a real way for new market entrants to compete for block rewards in innovative ways.

Augustus not Julius. I'm an economic historian you faggot. Go look that up.

Interesting. I'll stick with my XMR and BCH then.

Y’all heard of Jevons Paradox?

There is literally no way for the value of the energy destroyed by mining + mining equipment production to not asymptotically approach the value of the block reward.

Also PoS means that even with an unlimited supply it is not inflationary, brainlets

>Also PoS means that even with an unlimited supply it is not inflationary
Why, because you said so? If the supply is unlimited it is by definition inflationary unless every single person in the world stops staking (or mining). PoS vs PoW doesn't make a difference, brainlet.

>deflationary spirals have brought tons of kingdoms,republics and empires to its knees.
hey boomer, wtf do you think were trying to do here?

Boomers gonna boom

Monero is the most used crypto on my site. (Legal goods)
Deflationary is bad, since it discourages spending.
That guy's allegory about Rome, totally wrong. They were inflating the currency by putting less gold and silver in their coins, which made their non empire trade more difficult for imports since the coins would be smelted in the foreign land and assayed.
For all the Ron Paul types.
The fed arbitrarily raises and lowers rates to manipulate inflation and therefore the economy. It's actually quite difficult to plan your business around things like black swans and QE and bailouts.
A mathematically stable small inflation is almost perfect. Since it can't be suddenly ratcheted up because of political pressure, and business can plan around it.