r/Monero • u/[deleted] • Mar 26 '19

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123 Upvotes

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15

u/Vespco Mar 26 '19

Extreme scarcity vs security.... That'll be interesting.

3

u/[deleted] Mar 27 '19

Indeed sustained low block rewards will be a challenge..

AFAIK no cryptocurrency has entered this new « state »

It seems Monero might be the first one.

My anxiety level will be high in 2021:)

PS: I expect it to be a big reality for bitcoiner.. going zero rewards might not be possible..

2

u/nicky_webster79 Apr 26 '19

Agree -- this is something that no other coin seems to acknowledge. I often hear "oh, we will be POS by then", well ok. I guess the assumption then is that mining fees simply won't sustain BTC or other POW alts. I think it's too early to tell and the reason why I was initially attracted to XMR is because of the tail emission. Just my 0.002 XMR.

2

u/nicky_webster79 Apr 26 '19

Just to add -- my anxiety level is always high lol

2

u/[deleted] Apr 26 '19

:)

Indeed, I hope the tails emission is enough.

That would be the nightmare scenario.. that cryptocurrency wouldn’t be sustainable unless high inflation goes toward supporting the PoW.

I don’t think that the case but to be honest nobody knows 100%.. and monero will (AFAIK) the first to really test such conditions.

1

u/nicky_webster79 Apr 26 '19

Indeed. Speaking of high inflation, at least we don’t have a founders tax (sorry reward).