Row 9288

Row ID: 9288 | Dataset Entry | Axioma AXP Content Repository

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This page contains data entry 9288 from the Axioma AXP content repository. The structured data below represents the complete record for this entry.

Well as long as monero’s tail emission protocol doesn’t dramatically change to increase the coin creation rate far beyond the rate coins are lost then stable coins are kinda irrelevant in a circular economy with monero as the primary currency.

The currency will “effectively” be backed by the demand for the exchange of products, services, and fungible non-renewable non-perishable commodities to be traded with the currency. And as long as there’s unique utility to use xmr instead of fnrnp commodities as a currency, it will be exchanged when needed for that purpose. And as long as theres a demand for the exchange of these goods and services, there will be a demand for the currency that increases the economic efficiency of the net exchange of these goods and services.

There will still be market crashes or declines that reduces the value of xmr shortly after a large section of the market becomes dramatically less liquid for an anticipated lengthy period of time.

If you want an asset that retains value independent of market demand then store a fnrnp commodity that has utility that’s independent of market demand. Preferably assets you desire to utilize independently. fnrnp commodity Collateral backed stable coins require enforcement which probably is not what the average anarchist wants. Backing it using an equal value of xmr compared to the commodity without the need for enforcement defeats the purpose of these stable coins because xmr would be relatively less stable than the commodity in the market conditions you’d be trying to hedge against.

FieldValue
text Well as long as monero’s tail emission protocol doesn’t dramatically change to increase the coin creation rate far beyond the rate coins are lost then stable coins are kinda irrelevant in a circular economy with monero as the primary currency. The currency will “effectively” be backed by the demand for the exchange of products, services, and fungible non-renewable non-perishable commodities to be traded with the currency. And as long as there’s unique utility to use xmr instead of fnrnp commod…
label r/monero
dataType comment
communityName r/Monero
datetime 2024-05-20
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url_encoded Z0FBQUFBQm5Lak9Ja3A4ODJxaTNwT0ZYVWZ5czhxR2pTeVc2Zk9meDlhM2FmbnpWNi1IX3FINl96dHhjQ29GSzBGdWJHRUlaWlRpblJWNVhtbkU2azBtZ3hETU1QaDVmZHVRX0I5UXFTbjMzdlNLUHBobFplcDVlQUZRNmJiYWJzaHlfc1MwS0xqcW5RX05NdjhLTFdWSFFLMnEybGJrY0JvYkExc0pJdkxhZDJGOElHY1d2RnFaN2VJajIwcGNGNDViN0czbC1acXRq

Raw Record

{
  "text": "Well as long as monero’s tail emission protocol doesn’t dramatically change to increase the coin creation rate far beyond the rate coins are lost then stable coins are kinda irrelevant in a circular economy with monero as the primary currency. \n\nThe currency will “effectively” be backed by the demand for the exchange of products, services, and fungible non-renewable non-perishable commodities to be traded with the currency. And as long as there’s unique utility to use xmr instead of fnrnp commodities as a currency, it will be exchanged when needed for that purpose. And as long as theres a demand for the exchange of these goods and services, there will be a demand for the currency that increases the economic efficiency of the net exchange of these goods and services. \n\nThere will still be market crashes or declines that reduces the value of xmr shortly after a large section of the market becomes dramatically less liquid for an anticipated lengthy period of time. \n\nIf you want an asset that retains value independent of market demand then store a fnrnp commodity that has utility that’s independent of market demand. Preferably assets you desire to utilize independently. fnrnp commodity Collateral backed stable coins require enforcement which probably is not what the average anarchist wants. Backing it using an equal value of xmr compared to the commodity without the need for enforcement defeats the purpose of these stable coins because xmr would be relatively less stable than the commodity in the market conditions you’d be trying to hedge against.",
  "label": "r/monero",
  "dataType": "comment",
  "communityName": "r/Monero",
  "datetime": "2024-05-20",
  "username_encoded": "Z0FBQUFBQm5Lakw0bjJCSlByUVd3Y1pCeHl1SGk2UjdhbjF5b2RZOVM1VEV3LTg4RTJTcmIwa3JBRVVEM0hqdnlMYnhHNWh4MHBCWE9QUDFYMmppdXVwUU5rNzA1YTlMY0JJZ3hBTGFXNlpOSUdEQ3Rlc3VzWk09",
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