the more they go up, the more prices go up, the less you get with same amount

Drew 💥 Diligence
the more they go up, the more prices go up, the less you get with same amount

Does everyone hold sizeable amount of fiat ? I hardly hold any fiat (only day-to-day needed and emergency funds)

well a lot of people have salaries on fiat

klksksks hagsgs
well a lot of people have salaries on fiat

Yes they won’t work for same amount when that fiat value depreciates

klksksks hagsgs
and how will they eat?

How are they going to eat when the same fiat valued salary? They are going to ask for a raise or move elsewhere where they will be able to afford a daily meal

it will get sorted out eventually i hope

here people started bartering

but have to onboard and educate a lot of people

klksksks hagsgs
well yes, thats the answer

Governments will allow fluffy or xyz to become overnight trillioner (in terms of buying power?)

Or there will be no governments and only anarchy’s?

as long as (some form of) internet infrastructure stays up, we good 😎

Nik
Governments will allow fluffy or xyz to become overnight trillioner (in terms of buying power?)

it wont be up to them at that point, later they will adapt and make gold the standard currency again

or make a new digital fiat that will be the one currency system

Drew 💥 Diligence
as long as (some form of) internet infrastructure stays up, we good 😎

Yah robots will keep those servers and fibers running as there won’t be anybody working anymore because there is no system ?

they always wanted to implement

and it will be the perfect timing

i guess its important to join a meshnet before something like internetapocolypse happens

klksksks hagsgs
or make a new digital fiat that will be the one currency system

Make a digital currency and give everyone same amount ? Or exchange it for existing fiat they have ?

and people will be paid for ridiculous tasks that have no productive value, but they will keep them occupied

Nik
And everyone will have same buying power?

nah.. the inner party will have the best luxury goods and the rest will live like dogs

but i think the first part will happen

crypto hollow earth

Does tari use masternodes?

I'm pretty pissed. Does fluffy pony think we're idiots?

https://twitter.com/fluffypony/status/1088015549467148288?s=19
MolokaiHex
Why? Because Tari will have validator nodes?

As much as I follow and read - those validator nodes will still be decentralized and private - like another sidechain with own decentralized network and own rules. Assets issuers will pay Tari to VN runners for using the network and some processing power

So assets issuers will be able to decide how much of decentralization they need for exact project. Tari chain itself will be as decentralized as monero is.edit.. I guess

If I got it right, validator nodes will ensure 2nd layer’s decentralization and tari nodes will be needed for pools and native wallets same as on monero..?

Haven’t heard about any master-nodes on Tari base network.. I believe @fluffypony can enlighten us about the structure of Tari chain and 2nd layer network...

They’re a PBFT consensus committee for a particular asset, and they’re not required - an asset issuer can run their own infrastructure that doesn’t require VNs at all, as long as it conforms with the state change peg / structure

Can we reach 1000$ for one monero In 2020