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Topic: [XMR] Monero Speculation - page 1332. (Read 3313786 times)

donator
Activity: 1722
Merit: 1036
April 18, 2016, 01:48:02 AM
Anyway, as I already explained, with Monero's tail reward it is mathematically provable that it converges to a finite supply with any rate of lost coins >0%.

That is the mathematical upper bound and presumes the tail reward is a not a percentage of the issued supply. The lower bound is potentially 0 supply if (or when if) the tail reward is less than the rate of lost coins.

Which it however can never be, assuming that the lost coins are a percentage of existing supply and the tail reward is a fixed quantity of coins (which both hold true).
sr. member
Activity: 420
Merit: 262
April 18, 2016, 01:29:57 AM
Anyway, as I already explained, with Monero's tail reward it is mathematically provable that it converges to a finite supply with any rate of lost coins >0%.

That is the mathematical upper bound and presumes the tail reward is a not a percentage of the issued supply. The lower bound is potentially 0 supply if (or when if) the tail reward is less than the rate of lost coins.
legendary
Activity: 2968
Merit: 1198
April 18, 2016, 12:34:25 AM
...

everyone know the infinite perpetual coin minting in monero will keep the coin crashing down becasue it will dilute the intrinsic value, everyone will sell at lower price until they all jump ship with  fork and embrace "classic monero" or somethin


EDIT :: inflation is a theory backed by math

Monero's tail inflation rate is less that the historical inflation rate of gold, the Austrian "gold standard" for money.

It will also reach an end state of a fixed money supply assuming any rate of lost coins >0%

Aren't there other solutions to this problem? I wonder what S. Nakamoto had in mind for Bitcoin. Something genius good no doubt...

Another solution would be expire outputs after some period of inactivity (presumably a reasonably long period) and then when they expire (which lost/burned coins certainly would), recycle that to new mining rewards. That would be similar in effect to Monero, though the mining rewards might be more uneven. There is no evidence Satoshi ever considered this approach. It would likely be viewed by many as a violation of the social contract at this point.

Bitcoin money supply will definitely shrink if any coins are lost or burned (which they certainly will and already have, of course). Whether that is a problem is a reasonable matter of debate, but the Monero solution shows that it isn't necessary. You can have a fixed money supply over the long term even accounting for lost coins.

But surely with an infinite number of coins you cannot have scarcity. No-one knows how many coins is too many. Where's the tipping point?

Surely? Like you know any of these things for sure? I'm doubting it.

Anyway, as I already explained, with Monero's tail reward it is mathematically provable that it converges to a finite supply with any rate of lost coins >0%.

Do you think a rate of lost coins of literally 0% is plausible? I sure don't.
legendary
Activity: 910
Merit: 1000
April 18, 2016, 12:15:09 AM
...

everyone know the infinite perpetual coin minting in monero will keep the coin crashing down becasue it will dilute the intrinsic value, everyone will sell at lower price until they all jump ship with  fork and embrace "classic monero" or somethin


EDIT :: inflation is a theory backed by math

Monero's tail inflation rate is less that the historical inflation rate of gold, the Austrian "gold standard" for money.

It will also reach an end state of a fixed money supply assuming any rate of lost coins >0%

Aren't there other solutions to this problem? I wonder what S. Nakamoto had in mind for Bitcoin. Something genius good no doubt...

Another solution would be expire outputs after some period of inactivity (presumably a reasonably long period) and then when they expire (which lost/burned coins certainly would), recycle that to new mining rewards. That would be similar in effect to Monero, though the mining rewards might be more uneven. There is no evidence Satoshi ever considered this approach. It would likely be viewed by many as a violation of the social contract at this point.

Bitcoin money supply will definitely shrink if any coins are lost or burned (which they certainly will and already have, of course). Whether that is a problem is a reasonable matter of debate, but the Monero solution shows that it isn't necessary. You can have a fixed money supply over the long term even accounting for lost coins.

But surely with an infinite number of coins you cannot have scarcity. No-one knows how many coins is too many. Where's the tipping point?
I have a THEORY that S. Nakamoto ultimately equated 1 satoshi = 1 cent. It worked out eerily well.
legendary
Activity: 910
Merit: 1000
April 18, 2016, 12:11:32 AM
...

everyone know the infinite perpetual coin minting in monero will keep the coin crashing down becasue it will dilute the intrinsic value, everyone will sell at lower price until they all jump ship with  fork and embrace "classic monero" or somethin


EDIT :: inflation is a theory backed by math

Monero's tail inflation rate is less that the historical inflation rate of gold, the Austrian "gold standard" for money.

It will also reach an end state of a fixed money supply assuming any rate of lost coins >0%

Aren't there other solutions to this problem? I wonder what S. Nakamoto had in mind for Bitcoin. Something genius good no doubt...

Another solution would be expire outputs after some period of inactivity (presumably a reasonably long period) and then when they expire (which lost/burned coins certainly would), recycle that to new mining rewards. That would be similar in effect to Monero, though the mining rewards might be more uneven. There is no evidence Satoshi ever considered this approach. It would likely be viewed by many as a violation of the social contract at this point.

Bitcoin money supply will definitely shrink if any coins are lost or burned (which they certainly will and already have, of course). Whether that is a problem is a reasonable matter of debate, but the Monero solution shows that it isn't necessary. You can have a fixed money supply over the long term even accounting for lost coins.

But surely with an infinite number of coins you cannot have scarcity. No-one knows how many coins is too many. Where's the tipping point?
legendary
Activity: 2968
Merit: 1198
April 17, 2016, 11:51:33 PM
...

everyone know the infinite perpetual coin minting in monero will keep the coin crashing down becasue it will dilute the intrinsic value, everyone will sell at lower price until they all jump ship with  fork and embrace "classic monero" or somethin


EDIT :: inflation is a theory backed by math

Monero's tail inflation rate is less that the historical inflation rate of gold, the Austrian "gold standard" for money.

It will also reach an end state of a fixed money supply assuming any rate of lost coins >0%

Aren't there other solutions to this problem? I wonder what S. Nakamoto had in mind for Bitcoin. Something genius good no doubt...

Another solution would be expire outputs after some period of inactivity (presumably a reasonably long period) and then when they expire (which lost/burned coins certainly would), recycle that to new mining rewards. That would be similar in effect to Monero, though the mining rewards might be more uneven. There is no evidence Satoshi ever considered this approach. It would likely be viewed by many as a violation of the social contract at this point.

Bitcoin money supply will definitely shrink if any coins are lost or burned (which they certainly will and already have, of course). Whether that is a problem is a reasonable matter of debate, but the Monero solution shows that it isn't necessary. You can have a fixed money supply over the long term even accounting for lost coins.
legendary
Activity: 2016
Merit: 1259
April 17, 2016, 11:45:01 PM
...

everyone know the infinite perpetual coin minting in monero will keep the coin crashing down becasue it will dilute the intrinsic value, everyone will sell at lower price until they all jump ship with  fork and embrace "classic monero" or somethin


EDIT :: inflation is a theory backed by math

Monero's tail inflation rate is less that the historical inflation rate of gold, the Austrian "gold standard" for money.

It will also reach an end state of a fixed money supply assuming any rate of lost coins >0%

Aren't there other solutions to this problem? I wonder what S. Nakamoto had in mind for Bitcoin. Something genius good no doubt...

A stage beyond the scope of the original experiment  Wink
legendary
Activity: 910
Merit: 1000
April 17, 2016, 11:37:50 PM
...

everyone know the infinite perpetual coin minting in monero will keep the coin crashing down becasue it will dilute the intrinsic value, everyone will sell at lower price until they all jump ship with  fork and embrace "classic monero" or somethin


EDIT :: inflation is a theory backed by math

Monero's tail inflation rate is less that the historical inflation rate of gold, the Austrian "gold standard" for money.

It will also reach an end state of a fixed money supply assuming any rate of lost coins >0%

Aren't there other solutions to this problem? I wonder what S. Nakamoto had in mind for Bitcoin. Something genius good no doubt...
legendary
Activity: 2968
Merit: 1198
April 17, 2016, 11:30:51 PM
...

everyone know the infinite perpetual coin minting in monero will keep the coin crashing down becasue it will dilute the intrinsic value, everyone will sell at lower price until they all jump ship with  fork and embrace "classic monero" or somethin


EDIT :: inflation is a theory backed by math

Monero's tail inflation rate is less that the historical inflation rate of gold, the Austrian "gold standard" for money.

It will also reach an end state of a fixed money supply assuming any rate of lost coins >0%
legendary
Activity: 3836
Merit: 4969
Doomed to see the future and unable to prevent it
April 17, 2016, 11:28:09 PM
Secured by criminals and used by criminals...World I give you, Monero  Cheesy Cheesy Cheesy

Yes, it's too bad about the fiat system, but we're hoping to replace it, or at least provide an alternative....


ROTF

Dash gives masternodes profit from mining which has increased the number of nodes. Is this something that Monero could do? Why why not?

Lets add a centralizing feature/flaw to a system that is built to be decentralized. Hmmmm....what could go wrong?

Maybe we could further exasperate the issue by layering privacy onto those nodes and sell it as a fee for services (shhhh, or some coin will mistakenly think this is a good idea and dupe users/noobs into paying for their developer's/shill's caviar dreams).

Sorry, been arguing with d'tards dashers all day. Without being able to validate trustlessly that the nodes aren't owned by one person or one too few, you are forcing an extra layer of centralization onto the coin--the nodes will act as an XMR aggregate that will continually churn coins to those have the most nodes, who buy more nodes to get more fees to buy more nodes to collect fees and so on and so forth. There's enough issues with how do you keep mining decentralized, so adding another problem to solve seems counterproductive.

No reason for MN it's easy to make dash anon, just use it to buy XMR. Smiley

legendary
Activity: 2282
Merit: 1050
Monero Core Team
April 17, 2016, 11:25:35 PM
...

everyone know the infinite perpetual coin minting in monero will keep the coin crashing down becasue it will dilute the intrinsic value, everyone will sell at lower price until they all jump ship with  fork and embrace "classic monero" or somethin


EDIT :: inflation is a theory backed by math

Monero's tail inflation rate is less that the historical inflation rate of gold, the Austrian "gold standard" for money.
legendary
Activity: 1456
Merit: 1000
April 17, 2016, 10:53:49 PM
COPY DASH?HuhHuh?? AHAHAHAHA never gonna  happen.

I know you think Dash is a despicable scam but it could have some positive features, and the reward to the masternodes has increased the number of Dash master nodes fast.

omg this thread should be renamed... "Monero against Dash speculation"
Sometimes there is interesting information.
I read here that monero will be 100,000$ in 2030. I bought 10 so in 2030 I will be millionaire.
Such a nice thread.

 Tongue

I love people like you - you are a TrueBagholder.  Grin Holding digital gems 14 years, but will be rewared. 10 000 usd XMR price will be sooner than 100 000 usd price. However, nobody knows what is the difference in time zones and there is no models to predict it because it depends on the adaptation. Let's consider btc for instance, it rose from 13 usd to 1200 usd in less than 1 year (approximately 11 months) - almost 100 times. I never could have imagined btc will be worth 1000 usd at some point in near future. If I had, I would be a multimillionaire.
I was sarcastic, I think its value will never go more than couple of dollars.
Too much manipilation on this, like what just  happened. Seeing 100k (near 1% of coin supply) buy from time to time and 50K dump, make me feel like this is just whale playing field. This shit is not decentralized.

everyone know the infinite perpetual coin minting in monero will keep the coin crashing down becasue it will dilute the intrinsic value, everyone will sell at lower price until they all jump ship with  fork and embrace "classic monero" or somethin


EDIT :: inflation is a theory backed by math
legendary
Activity: 1092
Merit: 1000
April 17, 2016, 10:48:22 PM
COPY DASH?HuhHuh?? AHAHAHAHA never gonna  happen.

I know you think Dash is a despicable scam but it could have some positive features, and the reward to the masternodes has increased the number of Dash master nodes fast.

omg this thread should be renamed... "Monero against Dash speculation"
Sometimes there is interesting information.
I read here that monero will be 100,000$ in 2030. I bought 10 so in 2030 I will be millionaire.
Such a nice thread.

 Tongue

I love people like you - you are a TrueBagholder.  Grin Holding digital gems 14 years, but will be rewared. 10 000 usd XMR price will be sooner than 100 000 usd price. However, nobody knows what is the difference in time zones and there is no models to predict it because it depends on the adaptation. Let's consider btc for instance, it rose from 13 usd to 1200 usd in less than 1 year (approximately 11 months) - almost 100 times. I never could have imagined btc will be worth 1000 usd at some point in near future. If I had, I would be a multimillionaire.
I was sacarstic, I think its value will never go more than couple of dollars.
Too much manipilation on this, like what just  happened. Seeing 100k (near 1% of coin supply) buy from time to time and 50K dump, make me feel like this is just whale playing field. This shit is not decentralized.

I feel you bro, there indeed is way too many whales but what can you do. Is there any other alternative that do not have whales playing? I think no.

We can only wish the whales have redistributed their coins before we go to 100 000 usd per Monero. I am not being sarcastic here.  Wink
legendary
Activity: 1288
Merit: 1000
April 17, 2016, 10:39:14 PM
COPY DASH?HuhHuh?? AHAHAHAHA never gonna  happen.

I know you think Dash is a despicable scam but it could have some positive features, and the reward to the masternodes has increased the number of Dash master nodes fast.

omg this thread should be renamed... "Monero against Dash speculation"
Sometimes there is interesting information.
I read here that monero will be 100,000$ in 2030. I bought 10 so in 2030 I will be millionaire.
Such a nice thread.

 Tongue

I love people like you - you are a TrueBagholder.  Grin Holding digital gems 14 years, but will be rewared. 10 000 usd XMR price will be sooner than 100 000 usd price. However, nobody knows what is the difference in time zones and there is no models to predict it because it depends on the adaptation. Let's consider btc for instance, it rose from 13 usd to 1200 usd in less than 1 year (approximately 11 months) - almost 100 times. I never could have imagined btc will be worth 1000 usd at some point in near future. If I had, I would be a multimillionaire.
I was sarcastic, I think its value will never go more than couple of dollars.
Too much manipilation on this, like what just  happened. Seeing 100k (near 1% of coin supply) buy from time to time and 50K dump, make me feel like this is just whale playing field. This shit is not decentralized.
legendary
Activity: 1092
Merit: 1000
April 17, 2016, 10:29:41 PM
COPY DASH?HuhHuh?? AHAHAHAHA never gonna  happen.

I know you think Dash is a despicable scam but it could have some positive features, and the reward to the masternodes has increased the number of Dash master nodes fast.

omg this thread should be renamed... "Monero against Dash speculation"
Sometimes there is interesting information.
I read here that monero will be 100,000$ in 2030. I bought 10 so in 2030 I will be millionaire.
Such a nice thread.

 Tongue

I love people like you - you are a TrueBagholder.  Grin Holding digital gems 14 years, but will be rewared. 10 000 usd XMR price will be sooner than 100 000 usd price. However, nobody knows what is the difference in time zones and there is no models to predict it because it depends on the adaptation. Let's consider btc for instance, it rose from 13 usd to 1200 usd in less than 1 year (approximately 11 months) - almost 100 times. I never could have imagined btc will be worth 1000 usd at some point in near future. If I had, I would be a multimillionaire.
sr. member
Activity: 364
Merit: 250
April 17, 2016, 10:22:26 PM
Whoops.  Wall pulled at .00262
sr. member
Activity: 364
Merit: 250
April 17, 2016, 10:13:47 PM
So... Boom?

Low volume rise, asks back pedaling and pulling out...



I wouldn't listen to me, but...

There are still 26K for sale at .00262000.  I did say a couple of days ago that I thought we had BOTH .0027-.0028 and ALSO .002 or possibly lower in our future.  This could be a bit of an oversold bounce.

My guess is that we will have opportunities to sell higher and also opportunities to buy lower. 

Sitting on my hands right here.  Interesting action, though.
legendary
Activity: 2016
Merit: 1259
April 17, 2016, 10:06:19 PM
So... Boom?

Low volume rise, asks back pedaling and pulling out...

legendary
Activity: 910
Merit: 1000
April 17, 2016, 09:42:59 PM
Dash gives masternodes profit from mining which has increased the number of nodes. Is this something that Monero could do? Why why not?
FOJ is why.


volyova it seems to me u dont care about any coin u just care to be high and drunk and say whatever u want to say
Hi! My name is Volyova. My hobbies are chess and smashing trolls. Tell me something about yourself.
and drugs of course. I love drugs.
legendary
Activity: 910
Merit: 1000
April 17, 2016, 09:41:45 PM
Dash gives masternodes profit from mining which has increased the number of nodes. Is this something that Monero could do? Why why not?
FOJ is why.


volyova it seems to me u dont care about any coin u just care to be high and drunk and say whatever u want to say
Hi! My name is Volyova. My hobbies are chess and smashing trolls. Tell me something about yourself.
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