@bluedoves Do we still need more of this crap to implement a way to automatically burn old, untouched wallets?

@gunnm bitcoin might upgrade to monero soon enough 🤭

@lud We used to delegate power to a smaller group. Now the group is delegating itself. That's why today, you are calling it an establishment, and not a government.

The only thing the "normal people" must do is participate in the decision making process. The implementation itself will be delegated to a smaller group indeed.

@lud decentralizing the financial system is basically the first step. Then slowly you decentralize most of the social system components: education, sick care, transport, food chain etc. At the end you replace the political law with natural law. Everything will be based on rights.

@lud @helenslunch Just because most idiots only use cards these days, it doesn't mean that only criminals use large amounts of cash.

I only use cash, to prevent the CBDC scams from ever implementing. I also use large amounts. Need to pay rent, buy a car, borrow money to family and friends etc

@lud @tusker by changing the governance. More specifically: decentralizing the governance.

@tusker This should be a good idea. Also users who keep their funds as a mean of wealth storage can just move their funds into a new wallet every 10 years.

This would also help with eliminating the lost coins of wallets whose recovery keys have been lost. It would increase the value of the coin continuously.

@prancing389 @SummerBreeze is not the OS developer duty to do quality check on every third party app and its subsequent version updates. This consumes a lot of time for OS developers which should be focusing on OS development.

This stifles development and adoption for both the OS and third party apps. What OS developers should do is to check the authenticity of every app. Like flatpak is doing with verified apps.

@nabio @LobYonder no is not imposed.

You just tell yourself...."convenience". Since 2008 we have alternatives wide spread.

@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.

@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

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).