Laz on nostr

Open in Damus

What is "functional money" and why can it never be that?

Because the supply is not auditable. Money must be scarce to hold value. The blinded ring signatures in monero mean that it is impossible to prove the supply was not inflated.

Functional money must hold value over time.

Saberhagen The Nameless · 1w

Monero is scarce. Scarce just means there is more demand than supply. Do you mean it doesn't have a fixed supply? Gold has constant inflation, was used as money, and has held it's value for thousands of years. Total gold supply is also not directly auditable by anyone. I think Monero will be ok.