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3 Ways to Cope with XMR Losses
(monero.town)
Monero is already starting to bounce. But if you’re still licking your wounds, definitely check this out before you trade, https://simplifiedprivacy.com/loss/
@tusker @ezchili
I so much love these intelligent polemics. You guys please go on. Don't stop here. 😆
Frankly, I have to bring my input too. While I understand the need for inflation to stimulate economic growth, I can not understand the need for illegal inflation. During planned emergencies the establishments took advantage and created inflation of over 40% in South America and even 15% in the west (the "democratic" countries).
@tusker @ezchili
The regular 4% inflation clearly proved over time that is not beneficial. there is an alarming percentage of population which is homeless, and living in foreign houses on high rents.
Monero has a constant inflation of 1%. Actually less than that due to people that loose coins. I can not say if this is the sweetspot to both help economic growth and social prosperity. Only time can say this. NOT THE ECONOMISTS.
@tusker @ezchili
What I can definitely say is that real assets can be stolen/confiscated from you, therefore, it does not have stable value. Monero on the other side can not be subject to these events. Monero might not be perfect but is the best we have at the moment. Satoshi themselves agree with this.
There's no reason to not have decentralized anonymous currencies with inflation built in. But crypto is dominated by a demand for speculative assets, not currencies, if there was one it would get zero mainstream interest
Just use fiat and stocks
Monero does not have a constant inflation of 1%
It tends towards 0%, while total value in the economy grows and wallets get lost
0% would bring deflationary prices everywhere.