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- <superresistant> Hi guys, a friend asked me a question and I can't give a precise answer : How do Monero guarantee a fixed supply and no hidden supply of coins ? How would I verify this information from the blockchain ?
- <needmoney90> The coinbase transactions have a ring-size of zero
- <needmoney90> so you can verify the initial creation of the coins
- <needmoney90> then through the magic of mathematical proofs, you can say that with extreme certainty (barring a collision or insane improbabilities) the following transactions that occurred were valid
- <needmoney90> and did not create more coins
- <needmoney90> @superresistant https://lab.getmonero.org/pubs/MRL-0003.pdf if he wants a super-precise answer
- <needmoney90> that's about as precise as you can get.
- <hyc> y'know, sometimes I think we're being hypocritical about insane improbabilities
- <needmoney90> ¯\_(ツ)_/¯
- <hyc> e.g. "I have a CPU that only gets 10 H/s, should I bother to mine?"
- <hyc> chances are far against you. and yet we say "you might get lucky"
- <needmoney90> If theres any doubts, we can HF in a doubling of the size of things for the future.
- <needmoney90> We're talking probabilities that are on a universal constant level
- <hyc> chance of any hash collision is infinitesimally small, but it is non-zero
- <needmoney90> like, multiple universe lifetimes and using every atom of matter ever in the universe level
- <hyc> naw. luck is luck.
- <hyc> it could happen, and it could even happen twice in a row.
- <moneromooo> Each block has a coinbase tx. Sum all the outputs in those.
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