<f​ijxu:nadeko.net> programming.dev/post/30703198 :?

<f​ijxu:nadeko.net> maybe more independent people should mine in a pool at a low hashrate

NorrinRadd: no update yet

nioc muchos gracias

<k​riek:matrix.org> Hi all! It’s been an year looking and analyzing monero abd everytime i think monero could be the next bitcoin since the story is a lot similar as route and it’s also better for security. What do you guys think about it?

<x​3cc:nope.chat> What do you mean by next bitcoin?

<k​riek:matrix.org> Like the real coin with the perfect standard of privacy

<k​riek:matrix.org> Since bitcoin is gettin worse in privacy and the government start to know who has bitcoin

<k​riek:matrix.org> Is becoming more like a value then something against the government

<x​3cc:nope.chat> Yea monero is safer in that sense because there is no aml score and exchanges can’t tell how much you have left in your wallet

<x​3cc:nope.chat> Because imagine a situation you sent bitcoin to exchange to convert to fiat, also providing your email address, after the transaction they can tell how much bitcoin you have and they can sell this info to someone who can send you a phishing email etc so monero is safer in that sense

<x​3cc:nope.chat> So yea I would prefer monero instead of bitcoin 100%

<k​riek:matrix.org> Yes exactly and it also has the same function of btc when it started. I discovered btc in 2012/2013 with silkroad

<k​riek:matrix.org> And now monero has the same utility right now

<k​riek:matrix.org> So when there are exchange in the chain it can get real value

<x​3cc:nope.chat> Yep usage is more important than limited supply imo

<x​3cc:nope.chat> Also usd inflation is 3% while monero is less than 1% with its tail emission, so it’s in between fiat and bitcoin I would say, not sure is those number are true, I’m not an expert so correct me if I’m wrong

<x​3cc:nope.chat> I say in between fiat and bitcoin because fiat has most inflation while bitcoin is deflationary

What makes you think Bitcoin is deflationary ?

<x​3cc:nope.chat> moneromooo: Limited supply

Can you be more specific ?

I *think* you mean the Bitcoin *will* become deflationary in... not sure like a hundred years or so, if it stays that way.

But you're comparing with monero and fiat *now*.

Admittedly, one can't compare with fiat in a hundred years because we don't have a clue :)

<x​3cc:nope.chat> I just read that last satoshi will be mined in 2140 and total supply reaches 21m btc

<x​3cc:nope.chat> Can’t imagine how much will be a transaction fee

<x​3cc:nope.chat> And after that btc miners will be rewarded only with transaction fees

Bitcoin inflation seems to be about 0.9% (86400 / 600 * 3.125 * 365 * 100 / 18e6), Monero seems to be a wee bit below that (86400 / 120 * 0.6 * 365 * 100 / 18e6).

<x​3cc:nope.chat> Interesting

The 18e6 is approximated supply, handwaved. Close enough.

p2pool.io/tail.html shows the exact supply and inflation %

Jesus. 5 years already...

3 years?

Oh yes. We're still in 2025 here aren't we. Nevermind.

moneromooo is secretly from the future

Yes. 87th Time Scowadron.

(incowgnito though)

<n​obfg9000:matrix.org> there was interesting article I read

<n​obfg9000:matrix.org> basicially if you assume that coins are lost at a rate proportional to the total supply, then calculus shows that you always reach finite supply. Because the rate of coin loss = coin emission

<n​obfg9000:matrix.org> peter todd I think

<n​obfg9000:matrix.org> petertodd.org/2022/surprisingly-tail-emission-is-not-inflationary

<x​3cc:nope.chat> Yea I wanted to mention this too

<s​yntheticbird:monero.social> good news: People's education on managing their coins will influence economy.

<s​yntheticbird:monero.social> bad news: People's education on managing their coins will influence economy.

Hi everyone, how's it going? I'm studying Monero and I have a question about the GUI — can I ask it here?

GUI/CLI

<x​3cc:nope.chat> #monero-gui:monero.social

<x​3cc:nope.chat> Tho not sure if it has IRC relay

<x​3cc:nope.chat> #monero-gui:monero.social

<x​3cc:nope.chat> Tho not sure which IRC room is it on libera

Yes: matrix.to/#/#monero-gui:monero.social

#monero-gui

thanks guys

Is it going to be $400 USD today?

is it today already?

no it's already tomorrow

been 400 on retoswap for weeks now

<r​avfx:xmr.mx> market makers desert do that yeah

<r​avfx:xmr.mx> It's like when I was selling XMR at a 30% premium on some other platform a years ago... A well, the joy of being the only seller

<d​uggavo:matrix.org> localmonero?

<r​avfx:xmr.mx> It's like when I was selling XMR at a 30% premium on some other platform a years ago... A well, the joy of being the only selling market maker

<r​avfx:xmr.mx> naa, unstoppable swap

<n​obfg9000:matrix.org> damn I gotta get in on that

<n​obfg9000:matrix.org> RavFX, what are the premiums like on swap exchanges

<r​avfx:xmr.mx> Good luck finding a platform that don't have market maker

<n​obfg9000:matrix.org> actually it sounds like you have to deal with tainted coins

<r​avfx:xmr.mx> only one right now is Haveno, assuming your in a country without mmers

<n​obfg9000:matrix.org> maybe it's better to sell btc?

<r​avfx:xmr.mx> just throw all coins at tradeorgy, they don't seam to care

<n​obfg9000:matrix.org> tradeorgy

<n​obfg9000:matrix.org> thats a good name for a site

<r​avfx:xmr.mx> In the case of unstoppable, you can only mm by selling monero

<n​obfg9000:matrix.org> I had a bad dream, and part of it was that monero rose in price signifigantly, and it was on the news so I had to explain it to my parents. Now I wake up to see monero at $400.

<r​avfx:xmr.mx> Last crypto dream I got, monero was dumping to 0

<r​avfx:xmr.mx> And the exchange (binance looking) would just make errors when I press the button to sell 😂

<r​avfx:xmr.mx> Probably some promonitoir dream that tell me that I should not sell my monero or something 😂

<e​longated:matrix.org> Do it and sleep well

<e​longated:matrix.org> Sleep > xmr

<e​longated:matrix.org> Can’t guarantee you won’t get dreams of it going up though

<n​obfg9000:matrix.org> RavFX, hopefully it was just a premonition that binance is going to zero

<n​obfg9000:matrix.org> :P

<k​riek:matrix.org> Hi all, i would like to buy some monero. What do you use for buying it? Is there an exchange?

<n​obfg9000:matrix.org> kriek: I reccomend kraken if you're in the US