npub1ah…cl76e on Nostr: Is gold no tool for Austrian economics? And if it is, how is Monero with half of ...
Is gold no tool for Austrian economics? And if it is, how is Monero with half of golds inflation no tool for Austrian economics, while thanks to its fungibility and portability it's also a better medium of exchange than Bitcoin or gold?
You know that tail emission is not something Monero devs came up with because they think inflation is super cool and necessary for money to work? You know that, right?
Monero devs figured that fee markets are a novel concept that have never been tried before and therefore from a conservative engineering perspective introduce future security risks. Tail emission is a trade off between chain security (mining incentives) and the economic costs of inflation (hidden tax).
From an economic perspective it's more important to know the supply of Monero at any point in the future. Which is a given.
You know that tail emission is not something Monero devs came up with because they think inflation is super cool and necessary for money to work? You know that, right?
Monero devs figured that fee markets are a novel concept that have never been tried before and therefore from a conservative engineering perspective introduce future security risks. Tail emission is a trade off between chain security (mining incentives) and the economic costs of inflation (hidden tax).
From an economic perspective it's more important to know the supply of Monero at any point in the future. Which is a given.