A New American Monetary System: Coming Soon.
Monero's value is not measured in dollars but in its usability.
Read my analysis...
Donald Trump promised that the US will become the crypto capital of the world.
He promised to have reserves in #BTC and pay off debt with “crypto checks”.
What does all this mean?
He said that he would take control of part of the crypto space and convert the dollar monetary system to a new one.
He also said he won't allow #CBDCs, but that doesn't mean he can't back the current dollar with BTC and then issue Bitcoin-backed digital dollars. He will say this is not CBDC, it is commodity-backed money as it was before 1970, and it is hard money.
This new dollar makes sense if it is worth more than the current dollar, e.g. 1 edollar = 10,000 USD, and this means liquefying U S. debts and screwing the T-bond creditors.
Now, many are excited about the BTC price explosion (measured in fiat, of course). They are thinking of fiat investments rather than a sovereign payment system.
When the biggest BTC hash rate is in the U.S., the government will impose on-chain KYC on the country's miners (the government will want control, as always), and then higher taxes and more oversight on transactions.
That's when the real value of #Monero will be seen.
Is there a way to measure the true supply of Monero?
you can issue a command to your node on cli to do this. I believe it checks the coinbase transactions, but I'm not absolutely sure.
is it an explicit or implicit check? I'm curious because, I believe, no amounts can really be viewed on chain without the view id. Do I have that right?
I don't think it's possible because amount are hidden, maybe there is a supply glitch ^^
That's what I was thinking 🤔
so if there is an inflation bug, would people know?
Block reward is transparent so you can literally count it up from genesis.
Or run a node.
yup yup
it was always going to go this way
DJT is just the guy to get it rolling