Eric Arruda 🇻🇦🇨🇦🇵🇹 on Nostr: Thought this was interesting to share Peter Todd "In the case of Monero, they’ve ...
Thought this was interesting to share
Peter Todd
"In the case of Monero, they’ve introduced tail emission at a point where it represents a 0.9% apparent monetary inflation rate6. Since the number of previously lost coins, and the current rate of coin loss, is unknown7 it’s not possible to know exactly what the true monetary inflation rate is right now. But regardless, the rate will only converge towards zero going forward."
"The fact is, economic volatility dwarfs the effect of small amounts of inflation. Even a 0.5% inflation rate over 50 years only leads to a 22% drop. Meanwhile at the time of writing, Bitcoin has dropped 36% in the past year, and gained 993% over the past 5 years. While this discussion is a nice excuse to use some mildly interesting math, in the end it’s totally pedantic."
#monero #bitcoin #inflation
https://petertodd.org/2022/surprisingly-tail-emission-is-not-inflationary
Peter Todd
"In the case of Monero, they’ve introduced tail emission at a point where it represents a 0.9% apparent monetary inflation rate6. Since the number of previously lost coins, and the current rate of coin loss, is unknown7 it’s not possible to know exactly what the true monetary inflation rate is right now. But regardless, the rate will only converge towards zero going forward."
"The fact is, economic volatility dwarfs the effect of small amounts of inflation. Even a 0.5% inflation rate over 50 years only leads to a 22% drop. Meanwhile at the time of writing, Bitcoin has dropped 36% in the past year, and gained 993% over the past 5 years. While this discussion is a nice excuse to use some mildly interesting math, in the end it’s totally pedantic."
#monero #bitcoin #inflation
https://petertodd.org/2022/surprisingly-tail-emission-is-not-inflationary