Damus
Kanzan profile picture
Kanzan
@Kanzan

Self sovereign, off grid power, local food.
Yoga. Meditation. Discipline.

People improve through making mistakes.
Free people make their mistakes faster.

Nostrich since 761114.

Relays (6)
  • wss://nostr.wine/ – read & write
  • wss://relay.nostr.band/ – read & write
  • wss://nostr.land/ – read & write
  • wss://nostr.xmr.rocks/ – read & write
  • wss://filter.nostr.wine/ – read
  • wss://relay.damus.io/ – write

Recent Notes

Kanzan profile picture
you still don't understand about monero's supply verification?
it's true that it doesn't have bitcoins determinism in terms of supply.
that is a true statement, you cannot sum the UTXO set on the back of an envelope like you can with Bitcoin.

but it's NOT true that if it happens you would never know.
there *might be some conditions where you wouldn't know.
I challenge you to describe what those conditions might be.

remember that with every transaction it is proven that the sum of the inputs and the outputs equal zero.
Kanzan profile picture
I'll also point out
while the Austrian School of course criticized economic grown via inflation,
nowhere did any of them argue that constant, permanent deflation was the best possible environment either.
Kanzan profile picture
maybe somewhere one of those gys suggested that the inflation rate of gold was actually too high?
but I've never seen anything like that.

and obviously, you don't speak for them and have no idea if they would agree with you or not.
Kanzan profile picture
All that is a complete non sequiter which doesn't respond to the point that I was making at all.
show me where ANY of those people argued that the best monetary system would be one with a fixed cap on units.
I'll wait.

also
gold has supply inflation.

like in the fungibility discussion,
The examples you're using refute your own thesis.
Kanzan profile picture
literally no economist EVER suggested having a monetary system with a fixed number of units.
"you know what would be great, in fixing the price of money if we could just take the supply side of 'supply and demand' completely out of the equation. that would be great"
You're just making things up.

what is "good and natural" is for the macro environment to fluctuate between slightly inflationary and slightly deflationary in a deregulated and uncontrolled way depending on human productivity.

also what makes something "theft" or not is consent. you consent to Bitcoin supply inflation, therefore it's not theft. it isn't any different with Monero.
so stop with the meaningless kneejerk maxi dogma.
Kanzan profile picture
"theft" is nonconsensual.
when the users of the monetary network pay the security budget through the creation of new units, it is not theft.

also
its a better system for ALL users to bear the burden of network security,
NOT just those who use it to transact.

@nevent1qvz...
#bitcoin #monero
Kanzan profile picture
keeping l1 transactable for ordinary people is just one aspect of tail emission.

The simple fact is that the security burden of the network has to be born by all users. NOT just those users that spend.
The results of pricing in a fixed supply of monetary units is obvious in Bitcoin culture.
nobody uses Manhattan real estate as a MOE.
Kanzan profile picture
then Bitcoin miners are going to be stealing from you for the rest of your life.

also
a fixed number of monetary units turns digital money into digital real estate.