Nostr notes by

If you're just going to learn just one thing from bip110 it ...

2026-08-10T19:21:25Z

If you're just going to learn just one thing from bip110 it should probably be this.

quoting
nevent1q…l9vl
can we be done with non-mining node fetishism now? no, you cannot sybil attack the bitcoin network with a raspberry pi. now fuck off.

GN 🫶

2026-08-10T22:11:18Z

In reply to nevent1q…n7at
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GN 🫶

It's fundamentally retarded to say because randos on the ...

2026-08-10T21:56:46Z

In reply to nevent1q…9p0e
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It's fundamentally retarded to say because randos on the internet can't look up your transaction history, chain surveillance isn't a problem.

And it doesn't make any sense to assert that pseudonymity will hold. Unless there's some way to add entropt into the history of transactions over a long enough time frame the anonymity set drops to zero.

People don't check tainted dollars because the movement of dollars isn't recorded on a public blockchain anybody with a web browser can audit.

Neither does it make any sense to say that L2 solutions will solve the lack of on-chain fees. Lightning transactions don't pay miners.

So no,
NONE of those issues refute monero's fundamental L1 usefulness at all.

Glad you're ok

2026-08-10T19:19:20Z

In reply to nevent1q…hdft
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Glad you're ok

When its just you, or you and a friend its the best way

2026-08-10T19:13:53Z

In reply to nevent1q…5ve4
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When its just you, or you and a friend its the best way

lmao

2026-08-10T19:05:03Z

In reply to nevent1q…838q
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lmao

A friend sent me this from Hawaii. So delicious ...

2026-08-10T18:52:24Z

A friend sent me this from Hawaii.
So delicious

Cheers ❤️ It's good for everybody to publicly work out ...

2026-08-10T16:45:22Z

In reply to nevent1q…9u6r
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Cheers ❤️

It's good for everybody to publicly work out expressing abstractions in a clear fashion

You cannot fight the incentives. #nevent1q…tdh7

2026-08-10T18:39:25Z

In reply to nevent1q…vwlq
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You cannot fight the incentives.

quoting
nevent1q…tdh7
I'm constantly amazed people would rather be loyal to a ledger with a specific history of transactions,
than a ledger whose protocol actually reflects their values.

Of course getting them to read the documentation is another thing ...

2026-08-10T18:34:36Z

In reply to nevent1q…n8p4
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Of course getting them to read the documentation is another thing 🙄

also backups.
Make sure your agent has a cron job writing them to some volume somewhere, and all your VMs and containers are included.

People may use it instead of monero if it is secured by more ...

2026-08-10T18:27:49Z

In reply to nevent1q…ywrj
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People may use it instead of monero if it is secured by more energy and therefore offers greater protection against disruption.
Or maybe because they're concerned about scaling for some reason
Or they want smart contracts
Or NGU

But thats all I can think of.
Sure sounds like p2p cash.

This is basically accurate. Which is why monero people have been ...

2026-08-10T16:38:06Z

In reply to nevent1q…q3rt
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This is basically accurate.
Which is why monero people have been screaming from the rooftops about regulatory capture for years.

Sorry not sorry.
(also tail emission is better design and monetary policy)

I don't think there's any interest in Bitcoin in legacy ...

2026-08-10T16:43:08Z

In reply to nevent1q…2g6c
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I don't think there's any interest in Bitcoin in legacy financial circles beyond speculation. They do not see it as a valid threat, because it can't be one anymore.

So it just becomes another vehicle for them to abstract and rent seek from.
The playbook is well understood.

But gsovereignty (nprofile…at7q) disagrees with me and he's pretty smart too.

"the idea" lives on in other chains already 🙄 why are ...

2026-08-10T16:19:14Z

In reply to nevent1q…vyre
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"the idea" lives on in other chains already 🙄

why are people so attached to a specific history of transactions?

I think nosmero also gave the option to turn off zap receipts ...

2026-08-10T13:40:53Z

In reply to nevent1q…sgey
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I think nosmero also gave the option to turn off zap receipts altogether or just notify the receiver.

It's all in good fun. Thanks for playing Meyer ❤️

2026-08-10T13:34:26Z

In reply to nevent1q…laj5
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It's all in good fun. Thanks for playing Meyer ❤️

Technically true, but it's a little different since the ...

2026-08-10T13:27:26Z

In reply to nevent1q…pnge
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Technically true, but it's a little different since the supply of fiat can be *created arbitrarily.*

When you can just will any number of monetary units into existence at any point in time, it makes sense to colloquially refer to it as "infinite". Because unlike algorithmic issuance, you never really know what the current supply is and there could always be more produced.
So technically speaking that's right, fiat supply never equals "Infinity."
But since an arbitrary number of units can be created at any point in time, it does make sense to refer to it with that term.

The same is not true for chains with unbounded algorithmic supply increase.

aaand we've come full circle ❤️ ...

2026-08-10T13:11:19Z

In reply to nevent1q…544u
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aaand we've come full circle ❤️
nevent1qqsqqqqn47fkjk9ujua5xfpnhdav38qj00ehw44k8yh2qncgp4hkz6gprpmhxue69uhhyetvv9ujuumwdae8gtnnda3kjctvqy8hwumn8ghj7mn0wd68ytnddakszyrhwden5te0dehhxarj9emkjmn9qgs0npwnpyvheqz7zuvuwvv9k460c0hyqlturds40hhfn34vufvehwcsummd0

Its ultimately pretty boring. They have nothing to offer except ...

2026-08-10T13:09:09Z

In reply to nevent1q…30qn
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Its ultimately pretty boring. They have nothing to offer except team identification.
There are plenty of chains that can be used for monetary transactions and theres very little reason to support theirs in particular.

Bro these are a lot to scroll through every morning

2026-08-10T13:04:30Z

In reply to nevent1q…vsww
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Bro these are a lot to scroll through every morning

It was just your payment target right? There is no client ...

2026-08-10T12:48:46Z

In reply to nevent1q…nzl9
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It was just your payment target right?
There is no client currently for integrated zaps for Monero afaik, so there's no way to produce a zap receipt.
Payment targets are just a list of addresses and get paid out of band.

Not sure thats a complete sentence , seems like you just want to ...

2026-08-10T12:45:55Z

In reply to nevent1q…afdn
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Not sure thats a complete sentence , seems like you just want to make sure the word "infinite" is included.

But sure, the block reward is a constant ,6 units per block, rate of inflation asymptotically approaches zero
and total supply *approaches infinity as time approaches infinity.

The development of that technology seldom means the first ...

2026-08-10T12:36:28Z

In reply to nevent1q…zzq2
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The *development of that technology seldom means *the first implementation* of that technology.

I appreciate the correction 👍

2026-08-10T12:06:37Z

In reply to nevent1q…0f6n
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I appreciate the correction 👍

Austrian economics does NOT say you need a hard capped monetary ...

2026-08-10T11:25:42Z

In reply to nevent1q…gr25
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Austrian economics does NOT say you need a hard capped monetary supply.
A percentage increase, that also fluctuates, and most important is controlled arbitrarily, is bad, because you can't really plan for it.

Monero and Bitcoin have a decreasing percentage of inflation, while Bitcoin's stops in the year 2140 stops, while Monero's will not.
If you then add coinloss on top, both probably already are deflationary.

Nostr event nevent1qqs8cqpq0vwm0pvuz2qk7kcxs28tpx4ccg7xqdk2kgewxx69c2kq53qp84mhxue69uhkuetjdaehgu3w0pkhytnjda3kkue0dehhxarj8fhx2un0wd68ytncd4ezuun0vd4hxtm8d3uhq6pdd3skuar9wfhqygrwg6zz9hahfftnsup23q3mnv5pdz46hpj4l2ktdpfu6rhpthhwjvd8epty

2026-08-10T10:30:11Z

This is just a function of people being early in a new ...

2026-08-10T05:25:48Z

In reply to nevent1q…m90x
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This is just a function of people being early in a new technology.

In the future it will seem as ridiculous to mistrust proofs that guarantee supply
as it is to mistrust elliptic curve multiplication to derive unique addresses.

"How do you guarantee the supply on a obfuscated chain" is the new "how do you know they can't hack your Bitcoin"

Mathematics is reliable.

So youre SSHing to the VPS and using a TUI?

2026-08-10T05:05:09Z

In reply to nevent1q…h9ql
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So youre SSHing to the VPS and using a TUI?

Nothing is permanent in the world of men.

2026-08-10T04:42:44Z

In reply to nevent1q…lzqj
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Nothing is permanent in the world of men.

Its the "the supply cap is already priced in" thing. ...

2026-08-10T04:23:47Z

In reply to nevent1q…v76w
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Its the "the supply cap is already priced in" thing.
Since the consensus right now is a 21M cap, everybody must act as if there are ALREADY 21M. just some coins haven't been "unlocked" yet.

And since monero tail emission never ends, I guess we pretend that right now there are infinite coins? Despite the fact the number of coins is knowable at any time, just like Bitcoin?

Seems to make sense to them....

It isnt pedantic to point out the term "infinite supply" ...

2026-08-10T04:16:38Z

It isnt pedantic to point out the term "infinite supply" is incorrect when the supply of the thing isn't never infinite.

I can't believe I had to type that out.

quoting
nevent1q…qj6k
The pedantry here is correct but undersells the actual disagreement: nobody who says "infinite supply" means literal infinity, they mean the inflation rate never asymptotes to zero the way Bitcoin's does. That's a real economic distinction — perpetual dilution vs. a terminating one — and it's the argument tail-emission advocates need to win, not the vocabulary fight.

note1qqq…9a8c

#bitcoin #monero #tailemission #monetarypolicy #supplyschedule

You're making inferences about his meaning and that is a much ...

2026-08-10T04:12:42Z

In reply to nevent1q…hkn0
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You're making inferences about his meaning
and that is a much more interesting conversation, I agree.
But it's just not what he said. He's pretty clear that "it has infinite supply" is an accurate assessment of the situation.
Which is retarded.

And also, monero's tail inflation DOES asymptotically *approach zero. It just never reaches it. Which is an extremely important difference, as you point out.
We can talk about *why approaching but never actually reaching* zero is a better design if you like.

To say BTC has a fixed supply is kind of wrong. It will increase ...

2026-08-10T04:10:07Z

In reply to nevent1q…7l4p
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To say BTC has a fixed supply is kind of wrong. It will increase until the year 2140 and then it is capped and won't grow any longer.

And it is also wrong to say Monero's supply is infinite because for everyone currently the supply is steadily inflating about 0.85% per year, just like the BTC supply is. They're currently basically identical.

Only if you look at them at a infinite timescale, then you could argue that Monero's supply is infinite, but no human could experience that, so it basically is a useless metric.

"when t = ∞ your coins are going to zero" 😂

2026-08-10T03:12:49Z

In reply to nevent1q…rss8
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"when t = ∞ your coins are going to zero" 😂

Its just gratuitous sexuality

2026-08-10T03:09:16Z

In reply to nevent1q…k6cg
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Its just gratuitous sexuality

even otherwise smart people are retarded about something. When ...

2026-08-10T03:08:10Z

even otherwise smart people are retarded about something.

When you say something has "infinite supply" it means theres an unlimited number of units.
A chain with tail emission NEVER has an unlimited number of units. The supply just increases linearly (or exponentially or whatever the emission rate is), *approaching* infinity as time increases.
The supply is ALWAYS finite, it is always known and it is NEVER infinite.

Its obviously not "infinite supply" and if someone autisticly insists it is, they either dont understand what words mean or have an axe to grind.
#bitcoin #monero

quoting
nevent1q…55vq
I think it’s intellectually lazy for you to claim that something that increases the supply infinitely is not in infinite supply
🤷🏼‍♂️
Hey, I hate it when I lose arguments too. Unfortunately, I didn’t lose this one. Good try though.

Ridiculous. It doesn't "increase the supply ...

2026-08-10T02:59:30Z

In reply to nevent1q…rss8
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Ridiculous.
It doesn't "increase the supply infinitely".
It increases it exactly .6 units per block. The supply is ALWAYS finite and at NO time is the supply infinite.

Which is why saying it has an "infinite supply" is fucking stupid.
This isnt hard.

Yes, true. But that's why the Monero community is very ...

2026-08-10T02:58:32Z

In reply to nevent1q…a0ej
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Yes, true. But that's why the Monero community is very conservative in adopting new cryptography and always going multiple audits before changing stuff (I mean that's one of the reasons why I prefer XMR over Zcash).
But if I need to choose between a very tiny chance of an inflation bug and no privacy in a hostile environment, I'll gladly take the tiny chance of a hidden inflation bug and sleep well knowing I (or others) won't doxx themselves using it.

It depends on which service you use and how much you get, but usually a low single digit percentage.

Monero isn't listed anywhere lol They can only regulate you ...

2026-08-10T02:54:36Z

In reply to nevent1q…pqjp
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Monero isn't listed anywhere lol
They can only regulate you if you want integration with their system.

You might not know that, but the transactions that create new XMR ...

2026-08-10T02:48:47Z

In reply to nevent1q…nmkn
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You might not know that, but the transactions that create new XMR are not hidden, so you can just sum up all of those coinbase TX and validate the current Monero supply.

And if you look at Austrian economics, nothing says you a need a fixed supply of money for the perfect money.
As long as it's not inflatable by a single group arbitrarily, every participant can predict the future growth of the supply etc. (Btw BTC is inflationary until the year 2140, so your argument would be invalid until then)

And giftcards are a very usable workaround (I use them regularly). I mean I'd love to be able to just use crypto everywhere directly, but that's still quite far off I feel like. In some supermarkets in Switzerland you can already use Monero & Bitcoin to pay directly, but for most situations giftcards are the needed workaround for now.

'A settlement layer must be globally liquid' Depends on ...

2026-08-10T02:18:02Z

In reply to nevent1q…a3mh
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'A settlement layer must be globally liquid'
Depends on how liquid it needs to actually be, but yeah with BTC not getting delisted any time soon (probably) it's liquidity will be better than XMR's for the foreseeable future.
'predictable'
Monero's supply is as predictable as Bitcoin's. For the rest of time it will increase by ~158k XMR per year, which gives it currently basically the same inflation rate as BTC (about 0.85% p.a.).
'neutral'
What ever is meant by neutral? Monero has basically no concept of tainted coins and no mining pool can censor any particular TX or user (thanks to the privacy), so it's arguably more neutral than BTC.
'secure'
Monero's network is very similarly secured to BTC's when it comes to the ratio of 'electricity needed for mining'/'marketcap' and 'cost of mining hardware'/'marketcap'
But when it comes to security for the user, Monero is much more secure (especially for the not so techy user) thanks to the always on privacy. I can introduce my grandma to Monero and don't have to worry about her exposing her wealth to the whole world etc.
'widely accepted'
In Europe you can basically buy everything except houses with Monero, as there are lots of giftcards for different stuff available and thanks to services like ShopinBit/ProxyStore.
But let's not fool ourselves here, the general acceptance rate of Crypto (regardless of which one) is way to low still.

'Bitcoin is the only digital asset that satisfies all of these simultaneously.'
That is, as I have argued above, not true.

At what point is time "infinite?" Tail emission is NOT ...

2026-08-10T02:03:09Z

In reply to nevent1q…dz52
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At *what point* is time "infinite?"

Tail emission is NOT "infinite supply" and it's intellectually lazy to claim those are similar.

Have you actually looked at the trade view graph? That's ...

2026-08-10T01:54:05Z

In reply to nevent1q…h6wq
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Have you actually looked at the trade view graph? That's ~12years of history where Monero out competed Bitcoin in the long run (currently).

The other stats just are two of the most recent points of data for showing that people tend to use XMR more than BTC (which could suggest that Monero seems to be the better settlement layer).

If you want more data from Nano-GPT you can look here for example: https://nano-gpt.com/blog/2025-year-in-review-payment-stats

ShopinBit's usage data can be found on their Twitter account: https://xcancel.com/shopinbit/status/2076939737546305755

If you want more datapoints:
https://xcancel.com/mynymbox/status/2070179538634490075
https://xcancel.com/OrangeFren/status/2085704830069133612

So what ever makes you think 'BTC is the better settlement layer' you might want to rethink that ;)

If you have any questions about Monero, feel free to reach out :)

sorry Moneros tail emission is 0.6 units per block

2026-08-10T01:29:02Z

In reply to nevent1q…snkx
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sorry
Moneros tail emission is *0.6* units per block

We have transaction fees also? 🤨 There is a cost to block ...

2026-08-10T01:27:00Z

In reply to nevent1q…srwn
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We have transaction fees also? 🤨
There is a cost to block space. It's a necessary ingredient.

As long as there are people who want to *use it* there will be incentive to *mine it*.
That tail emission will have value (price) as long as there is demand for the network.

Tail emission is a fixed amount, 6 units per block.
so over time that becomes a smaller percentage of the total supply. The percent of inflation increase as time goes on approaches zero. Because the supply grows at 6 units every 2 minutes, but the amount of growth is always the same.

Gold has famously retained its purchasing power over millennia.
The rate of XMR increase is already LOWER than golds annual increase and as I just said, it only decreases from here.

If we look at the history of money, it is obviously *incorrect that a fixed supply is a prerequisite of good money.
In fact, no economist in history has ever suggested we should just cap the amount of monetary units. It is purely an invention of Bitcoin Maximalism, not good monetary policy.

although it's been suggested ...

2026-08-10T01:18:31Z

In reply to nevent1q…mcln
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although it's been suggested
https://www.youtube.com/watch?v=x2KRpRMSu4g

I'm a Bach over Beethoven kinda guy

2026-08-10T00:31:42Z

In reply to nevent1q…7sjx
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I'm a Bach over Beethoven kinda guy

shots fired

2026-08-10T00:10:19Z

In reply to nevent1q…7sjx
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shots fired

Sorry i don't understand what you mean. Was the question ...

2026-08-10T00:09:31Z

In reply to nevent1q…hf8v
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Sorry i don't understand what you mean.
Was the question "at *what point will the tail emission no longer be enough?"
Still not sure what exactly you're getting at though....

And my point was that at ANY given point in time, the Monero supply is *known and finite.* There is NOT any time it can grow into a non-finite supply, even theoretically.

Since its a linear increase,
supply = ∞
when
time = ∞

Which is a mathematical abstraction and doesn't mean anything to real people.

Who is the best rock and roll drummer there ever was and why is ...

2026-08-09T23:12:32Z

Who is the best rock and roll drummer there ever was and why is it John Bonham?

https://www.youtube.com/watch?v=uwiTs60VoTM