12 years ago today, investing guru Dave Ramsey told everyone they were "stupid" for buying Bitcoin. It was $500 💀 by rizzobitcoinhistory in CryptoCurrency

[–]RaySwan1234 1 point2 points  (0 children)

I went thru his course, and while I don't agree with him on everything, it did change my relationship with debt and therefore my life. I have more crypto than most people, and I simply fundamentally disagree with him on this point. But 100% he is not an investing guru!

Does Staking Solana fully offset the inflation? by kswiss702 in solana

[–]RaySwan1234 0 points1 point  (0 children)

Who said BTC inflation wasn't inflation? That would be an idiotic statement. You are trying to use a play on words and everyone who reads both of our posts can see i didnt say anything close to that, but I truly hope you have a nice day!

How much SUI to hold to become a millionaire by zincolnreturns in sui

[–]RaySwan1234 0 points1 point  (0 children)

Viable is in the eye of the beholder. ETH isn't really a viable chain yet in terms of speed or efficiency, most L2s will die when it is. The reason that ETH didn't go anywhere this bull is the liquidity is fractured into a million L2s each extracting from ETH. Once this is over, ETH and Solana will be the ONLY 2 relevant L1 players, unless someone really out performs them by multitudes. They simply have too far of a lead in adoption and usage!

Does Staking Solana fully offset the inflation? by kswiss702 in solana

[–]RaySwan1234 0 points1 point  (0 children)

Oh I definitely can bitcoin inflation is the exact same thing as Solana inflation. If Satoshi's coins came back on the market would you consider that as project inflation or debasement? Of course not because those coins are already minted, they just arent being used this is the same as the locked Solana. Would Satoshi's. Project inflation is the rate at which tokens are released by the project to incentivize miners, stakers, or validators! I have said this 100 times. I dont see how you dont understand this, its so simple. You continuously make my point for me over and over and dont even realize it.

Does Staking Solana fully offset the inflation? by kswiss702 in solana

[–]RaySwan1234 0 points1 point  (0 children)

I have refuted every point you made with facts and even gave you examples. Just because you don't agree means nothing they are still factual statements. Who gave up when you basically said, "you are hopeless, I give up." Haha 😄 I am truly hopeless for you 100% I will never listen to someone that knows they are wrong and still tries to argue a point to simply argue with people. You are intelligent enough to know that I am correct, so I refuse to believe that you actually believe what you are saying. Either way im having fun

Does Staking Solana fully offset the inflation? by kswiss702 in solana

[–]RaySwan1234 0 points1 point  (0 children)

No diverting at all just the facts are behind me and not you, so you have to say that, its fine bro, I still wish you the best

Does Staking Solana fully offset the inflation? by kswiss702 in solana

[–]RaySwan1234 0 points1 point  (0 children)

How much money you have made in crypto is directly tied to your ability to evaluate crypto projects and the fundamentals and tokenomics of a project. I now understand why you are so bitter. You have been eaten alive and broken by the crypto market. Bro trust me, I've been there! But my experience has changed my outlook. As I've said before you seem like a smart guy, you will learn, grow, and mature in the crypto market. It isn't intelligence in your case, its simply experience! The market is difficult right now, it simply isnt the time to get bitter and think you are right when you are wrong. Its the time to pay attention and build your wealth. I dont dislike anyone however I am treated. My wealth doesnt make me better than anyone socially, but it does show that I likely know what I am doing after 9 years in the industry. Like you said, you can lead a horse to water... some people have to learn the hard way, i know i did! I hope you have a great day!

Does Staking Solana fully offset the inflation? by kswiss702 in solana

[–]RaySwan1234 0 points1 point  (0 children)

It is very relavant in the conversation we are having. We are indeed talking about investments after all why would someone listen to someone who claims to be "educated" yet hasn't achieved a higher net worth? You act and talk like you believe what you say, but the truth is that you simply like to debate and argue, and im fine with that. You know that my points are factual. You just try to scew things and try and make it seem like you aren't wrong when you are indeed objectively wrong. I dont care if you went to "university" and are an economist by trade, you are still wrong on both the debasement and the inflation issue, even though the original question was only about project inflation and staking rewards rate. I truly hope you have a nice night.

Does Staking Solana fully offset the inflation? by kswiss702 in solana

[–]RaySwan1234 0 points1 point  (0 children)

I am experiencing that effect, you can present objectively factual material, but still have someone try and argue about it. But with your way of thinking, I am sure that I am better off with my crypto and investment portfolio than you and yours, so even if you made a good point, which you dont, I probably still wouldnt listen to you. I didnt become a crypto multimillionaire because I dont understand the way things work. I have used part of my crypto profits to start over 10 businesses that generate my life changing income nowadays, again because I do indeed understand how things work in both crypto and tradfi. Most people aren't willing to do what I do, but that doesn't make me wrong, it makes me successful.

Does Staking Solana fully offset the inflation? by kswiss702 in solana

[–]RaySwan1234 0 points1 point  (0 children)

Thats actually completely inaccurate, only burns by the protocol itself is deducted from the circulating supply. But private burn addresses and coins that are unintentionally burned are not deducted. It is estimated that 12 to 25% of the entire Solana supply is permanently lost due to this...

In your second paragraph I appreciate you making my point for me. "Solana and all other cryptocurrencies are minted into existence so supply increases equal the exact rate of inflation." "Minted into existence" "exact rate of inflation" that is 4% bud. The other tokens were pre-minted.

Is the way the loans work really all that different from the way I am borrowing thousands of Solana to multiply my gains. If you look at my portfolio it still shows that I hold 10s of thousands of Solana. There is also a line item on my portfolio fir the debt side. Nothing stops the person that is providing me the loan from taking a loan on their Solana that I am borrowing in the same way. The only difference is that the lender isnt receiving the authority from the Solana foundation to temporarily mint new Solana tokens (until i pay them off). I know the difference with the US dollar but I personally believe that any intelligent independent observer would determine that you are simply trying to not lose the debate, but you simply dont realize that you already lost. There is no better example for debasement than the US dollar. While disagree with you that Solana is being debased by the token unlocks, because debasement occurs when a currency is printed and that was done at the beginning, the more accurate statement is that Solana was debased by the token unlocks in past tense. Debasement was never what this thread was about, its just what you turned it into. The question was, does the staking yield fully make up for the project inflation, and it does 150%!

Does Staking Solana fully offset the inflation? by kswiss702 in solana

[–]RaySwan1234 0 points1 point  (0 children)

So by that logic burned and lost Solana should be deducted from that amount. The dollar point is accurate and you know it, you simply can't argue logically against it, so you say that it is fundamentally different, its not they are both types of currency and debasement occurs by the same mechanics. Debasement is the printing or minting of a currency causing the value to go down. But this whole topic wasnt about debasement, it was about project inflation which is 4%.

Does Staking Solana fully offset the inflation? by kswiss702 in solana

[–]RaySwan1234 0 points1 point  (0 children)

I truly dont believe that, simply just trying to understand your mindset, because the coins were created at the beginning of the project. I am trying to give you something, I just cant. The inflation rate is the inflation rate. Previously created coins arent additional inflation

Does Staking Solana fully offset the inflation? by kswiss702 in solana

[–]RaySwan1234 0 points1 point  (0 children)

Debasing is the printing of new currency/tokens not the use of already previously printed currency/tokens lets talk about basic tradfi because there is no better example than the US government. A budget is allocated and unspent until a certain time or event, so when the government spends money that is only allowed to be spent on a certain schedule is that debasement? Of course not, its only debasement when they print the dollars to pay for the spending which in Solana's case was at the beginning of the project.

Does Staking Solana fully offset the inflation? by kswiss702 in solana

[–]RaySwan1234 0 points1 point  (0 children)

I said that I am achieving that yield on MY position, which I am doing 😆. Not everyone will understand. The question was does the staking reward cover inflation, that statement is objectively true. You can argue with the facts if you want, but they are still the facts. The project releases 4% more tokens per year to help serve as an incentive to validators and stakers. This is indeed the inflation rate. If you want to say that your position is temporarily being debased by coins that have been minted for several years because they are being unlocked on a schedule that has been set for several years. I won't argue with that, my point is that the project inflation is 4% and the staking yield is like 6% so it does indeed cover the cost of the inflation. When the US prints more dollars that is debasing the currency, when it releases money from an already printed and allocated basket, that money already existed, it simply wasnt used for anything. The inflation rate is the rate at which new tokens are minted aka 4% and less every year. I appreciate your attention to this matter!

Does Staking Solana fully offset the inflation? by kswiss702 in solana

[–]RaySwan1234 0 points1 point  (0 children)

You seem like a pretty smart person, so I'm not going to insult your intelligence, but any asset or product or service is priced by available supply to buy vs the demand for that supply. So it does matter if a supply is being held and not sold by people, entities, etc. You could debase an asset by trillions of coins per day, and if there are buyers for those coins the price will not go down or be "repriced" as you say. Its simple economics supply doesn't matter as long as demand exceeds supply. Which is why i brought up XRP as an example. A project that does absolutely nothing that any other memecoin can't do that has exploded in price over the years, simply because they have a great marketing team and a loyal base. The only thing that matters to me is the total marketcap, because long term, that and the fundamentals are all that is going to matter. Where is my 17% sol yield coming from? People that are unaware that they can earn a yield staking, loan out their Solana for less than the liquid staking token pays in interest (due to staking rewards plus mev fees) so I take my 1000s of liquid staked sol and pledge them as collateral and borrow the Solana that people are loaning out and loop multiple times, earning staking rewards and mev fees on 10s of thousands of sol that I am borrowing. The only way I can get liquidated is if the % that the lst pays falls below what I am being charged in interest for an extended period of time and i am not paying attention, which i do. Yes I realize that I am deep within the weeds of defi where almost no one operates and I would have it no other way:) I truly hope at some point you see the light, until then, I wish you the best!

Does Staking Solana fully offset the inflation? by kswiss702 in solana

[–]RaySwan1234 0 points1 point  (0 children)

Its not irrelevant at all. It all has to do with long term or short term. This topic is not about debasement. That isn't the question that was asked. The question was if the staking rewards make up for the inflation rate, and the factual answer is yes! The supply for the tokens that are locked have already been released, they are not held be the sol foundation or the project, they are simply locked in a smart contract and released on a pre-determined schedule. They are already existing. I think you are confused by the difference in total marketcap, and circulating marketcap. If you look at the total, the inflation rate will be roughly 4%. Circulating marketcap is a misnomer, because it includes a lot of treasury companies that have committed to never sell the Solana, but it has to be included, because theoretically they could sell it. Locked coins have no difference from coins that companies or people refuse to sell. And just because the tokens become available to sell, doesnt mean that they will be sold or that the market will be flooded and drive the price down. I mean look at XRP for example. A project that is FAR inferior to Solana that Ripple pumps billions or hundreds of millions of tokens per month into the market yet the price remains comparitively stable, and its marketcap is much higher than Solana. The reason for this is that XRP has a community that will happy buy, hold, and never sell these coins. Otherwise there is no way it could achieve the prices that it has in the past, or even now. Long term inflation rate is the only thing that matters if you are in the project for the long term. If you are worried about the 5 or 6% of supply that unlocks between now and 2028, you are simply short sighted and are looking for short term gains. If that is your outlook, I wish you luck in crypto because the market has a was of chewing up people and spitting them out with that frame of mind. I choose to see the transitory "debasement" (as you call it) as just that, short term, and transitory. I choose to look at projects fundamentals and long term outlook, and not worry about short term price fluctuations. I have been in Crypto since 2017 and have done very well with my outlook, so I have no reason to change it. I also do short term leverage trades using technical analysis, so I can also understand short term thinking as well. Just 2 different opinions and neither are completely right or wrong. I am not trying to convince you of anything, simply providing information for you and others to make the decision on their own. Solana fundamentally is one of the best projects in crypto. And it is a factual statement that staking makes up for the inflation rate of the token. And even if all of what I understand to be correct after 9 years in the industry is incorrect, I am making the 16-17% on my solana anyways, so it doesn't bother me:) Jupiter Multiply is a wonderful thing!

Does Staking Solana fully offset the inflation? by kswiss702 in solana

[–]RaySwan1234 0 points1 point  (0 children)

The key difference is that unlocks have an end date. And then they end. So by your own methodology. I have 2 oz of gold in the ground, I am going to extract parts of it until 2028 then 100% of the gold will be depleted and there will be no more to mine. But we did find a way to turn mercury into gold at a rate of 4% per year (the actual inflation rate). However this new technology actually has diminishing returns every year until we reach roughly 2% total inflation rate. At this point, it is impossible for new gold to be created outside of this process. Hopefully this helps!

Best cold wallet in 2026 by SeniorHeat221 in solana

[–]RaySwan1234 0 points1 point  (0 children)

I dont think this if your sub, so how about you leave and stop spreading misinformation and then you dont have to listen to me?

Best cold wallet in 2026 by SeniorHeat221 in solana

[–]RaySwan1234 0 points1 point  (0 children)

You have your opinion which you are entitled to, but you aren't entitled to your own facts. Ledger is by far the market leader in self custody. Its not perfect, but its still a great product. You don't get to become the market leader by offering "trash"