Damus
Soul Reaver profile picture
Soul Reaver
@SoulReaver
Relays (10)
  • wss://meta.spaces.coracle.social – read & write
  • wss://lightningrelay.com/ – read & write
  • wss://nostr.chaima.info/ – read & write
  • wss://nsa.tailb0fb6.ts.net:8443/ – read & write
  • wss://pyramid.fiatjaf.com/ – read & write
  • wss://relay.damus.io/ – write
  • wss://relay.nostr.band/ – write
  • wss://relay.primal.net/ – write
  • wss://strfry.corebreach.com/ – write
  • wss://xmr.usenostr.org/ – write

Recent Notes

The Daniel 🖖 · 1d
https://image.nostr.build/8ef31c720273223f0df5a9eec3f179b9a2caeab304da56584d0dfe4b69ffc7af.gif
nostrich · 3w
Yeah, you're right. Just training myself a little I guess 😁
Nic · 3w
I find it interesting that people can simultaneously argue that Monero’s tail emission is absolutely necessary to maintain long-term mining security, while also arguing that it trends toward effecti...
Soul Reaver profile picture
I find it interesting that people can simultaneously argue that Monero’s tail emission is absolutely necessary to maintain long-term mining security, while also arguing that it trends toward effectively zero so it doesn't matter.

If it truly trends toward zero and becomes barely noticeable, then it doesn’t materially change mining incentives or network security. But if it does materially impact mining incentives, then the inflation is significant. You can't have both.

You're confusing absolute numbers with percentages. Miners are paid in absolute terms (0.6 XMR per block), which provides a permanent baseline incentive to keep rigs running. Holders care about relative inflation (percentages). Because the emission is fixed but the supply grows, the dilution rate trends toward zero. A fixed block reward can easily fund security while the inflation rate simultaneously flatlines. It’s basic math.

All Bitcoiner false claims come from not understanding basic finance and basic math. People assume you can develop theories over cryptocurrencies because it's a popular topic, but no, you can't w/o knowing some about math and monetary theory, which most people don't.

We have LLMs now, people can easily share these "opinions" and hear precisely how they're wrong, but they prefer to just throw it out there anyways. That's the real "interesting" part.
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Kyma Fi · 3w
Economics and game theory is not “basic math”. Tail emission is a zero sum game. It’s still based on the assumption that fiat will always exist and that inflation is possible in a truly free market. If the market were truly free and fiat did not exist, why would holders need to pay miners fo...
nostrich · 3w
I think you're confusing bitcoiners & maxis. Bitcoiner just means you're holding bitcoin and have some knowledge about it, while maximalists are bitcoin-only zealots. Many bitcoiners hold monero (or the other way around). Not everyone is engaged to a token, especially not cypherpunks. ;)
MinstrelKnight · 2w
If decentralization is not important, you can scale to your hearts desire. Then the question becomes why do you even need blockchain? Why not simply use a centralized system that scales much better.
Kyma Fi · 3w
You're arguing that Bitcoin needs to subsidize security through inflation because you assume the fee market won't mature. But if fiat currencies are destined to fail (as history suggests), Bitcoin wil...
Soul Reaver profile picture
At 7 TPS, the only way fees can replace block subsidies is if they cost thousands of dollars per transaction. That prices out normal people and hands the L1 directly to the banking cartels you claim to hate. If you push everyone to L2s to keep it cheap, the L1 miners starve, hash rate plummets, and your "world settlement layer" gets 51% attacked.

Fiat inflation is arbitrary and exponential. A tail emission is hard-coded and linear, meaning the actual inflation rate mathematically trends toward zero. Comparing a fixed algorithmic security budget to a central bank printing money is mathematically illiterate.

Security isn't free. You have to pay for the network's immune system. A capped supply taxes the users with exorbitant fees, punishing them for using the network. A tail emission lightly taxes the holders through microscopic dilution, making them pay for the security that protects their wealth.

A capped supply isn't "sound money", it’s an unfunded security mandate hoping that astronomical fees will magically keep miners online forever. Money is an abstraction designed to measure and exchange value. If the total pool of value (goods and services) in the world grows, the measuring stick has to grow with it.

Nothing you say makes any mathematical sense, you're just spewing ideas you heard w/o any understanding that they don't hold up to any scrutiny. Good luck.
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Kyma Fi · 3w
You are assuming that by the end of bitcoins final block mined the world would still be plagued by inflation… thats just not reality. No fiat currency could last that long (2140 is 114 years away and the average lifespan of fiat is 27 years). USD is long overdue. It’s in the last decade at the m...
nostrich · 3w
Great explanation 👍
nostrich · 3w
Honestly, capped supply could work & it's also a great marketing... But with 7TPS & no plans to make that bigger? No way man... That's insane. Plan is clearly to make an actual digital gold, that only big actors can old onchain, and to rebuild the banks on top of it the way it always has been. I mea...
Kyma Fi · 3w
There is nothing legit about tail emissions - infinite supply chain with the hope of adoption is worse than fiat money
Soul Reaver profile picture
When there's no more BTC left to mine those industrial miners won't be running charity w/ only TX fee peanuts. You Bitcoiners who can't comprehend the future will experience it.

Fiat inflation is exponential and arbitrary. A properly designed tail emission (like Monero's) is linear, which means the actual inflation rate asymptotically approaches zero over time. It is a predictable, mathematically fixed security subsidy.
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Kyma Fi · 3w
You're arguing that Bitcoin needs to subsidize security through inflation because you assume the fee market won't mature. But if fiat currencies are destined to fail (as history suggests), Bitcoin will be the settlement layer for the world's wealth. If the network is moving that level of value, the ...
sats>bits · 3w
Just gonna leave this here. https://blossom.primal.net/3d55cc1363c4f7dbab077f68a54d589f4964dd2460b27dcbc038ded4bbc914fc.jpg
calle · 3w
shitcoiners love to dunk on bitcoin L2 issues when we discuss grownup topics like scaling issues, privacy, and decentralization. “just use zcash/monero/whatever” bro. blockchains don’t scale....
Soul Reaver profile picture
"Blockchains don't scale" is a software design bottleneck, not a physical law. Older chains choke because they run single-threaded and waste bandwidth arguing over time. Modern architectures fix this with fundamental computer science:

1. Decentralized Clock: Baking chronological order cryptographically into the data structure so nodes don't waste time gossiping to agree on timestamps.
2. Parallel Processing: Multi-threading execution by declaring state paths upfront. This lets non-overlapping transactions run concurrently across multiple CPU cores instead of waiting in a single-file queue.
3. Direct Routing: Eliminating global mempools by streaming transactions directly to scheduled block producers.

The idea that "nobody uses it" is just as outdated. As of early 2026, Solana handles 2,000 to 4,000+ *real* TPS continuously (compared to Ethereum's 15) and sees over 5 million daily active addresses. It's not just retail; BlackRock hosts its $550M+ BUIDL fund there, Citigroup uses it for tokenized trade finance, and Visa settles on it precisely because it handles massive global volume without breaking a sweat.

It's not a lack of users; it's maximizing physical hardware capacity instead of choking at the software layer.

Acting like model chains don't exist is akin to closing your ears and pretend you're not hearing, it juvenile.
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MinstrelKnight · 3w
That's all great, but the issue is the hardware requirements to run Solana node. If you want to be truly decentralized then you need to have nodes as light as possible so that anyone can run them. Solana node is out of reach for any individual.
MinstrelKnight · 3w
That's all great, but the issue is the hardware requirements to run Solana node. If you want to be truly decentralized then you need to have nodes as light as possible so that anyone can run them. Solana node is out of reach for any individual.