<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