Getting ready for Monero (XMR)..why haven't I bought any $Monero yet?

in cryptocurrency •  7 years ago 

Update For Monero (xmr)

Hardfork 14th March

Monero will fork into a new private coin= Monerov

Every XMR holder at the Snapshot will get Monerov(XMV)

Ratio 1XMR : 10XMV

Circulating Supply Only 15Million

Zoin Reaches One Day Trading Volume of $159668.00 (CRYPTO
Exposing myself a bit, showing bids across exchanges to catch some Monero dips.
Screenshot_2018-02-12-00-58-02.png

https://monerov.org
I just wish Ledger would sort out support for Monero on the Nano S soon. I’m paranoid and increasingly impatient.

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Nice post

Thanks

upvoted sir! good post

Thanks for the info bro

welcome

From the MoneroV website:
"In the same way central banks around the world print money out of thin air, Monero’s infinite coin supply is a tax in the form of inflation for all XMR holders."

This is short-sighted, in my opinion. Since the circulating supply continues to increase (more coins keep on being mined), as long as the rate of newly mined coins does not increase then this will cause a persistence decrease in the rate of inflation. Part of the reason that projects do this is because they would prefer not experimenting with what happens once there are no more block rewards. At that point miners are expected to only make money off of transaction fees which is a concern to some because that is an actual tax on the users of the currency.

In fact looking at their white paper MoneroV's comparison chart says this about its own emission rate:
"Smooth emission decline with a 6 XMV minimum."

So they're going to have an "infinite supply" just like Monero, according to their whitepaper. This doesn't seem to make much sense...

Edit: Nevermind, since it says 6 XMR "per block" that just means 6 XMV until they get to the last block then no more block rewards... I think.

great thinking

Very nice

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Bro kaj kivabe korchen ?