Hard fork to continue block subsidy indefinitely to incentivize mining.
Discussion
Ah, not a fan of truly decentralized scarcity I see. Bitcoin doesn’t need to hard fork, because there’s a shitcoin for everything else. Less scarcity, more privacy, tail emissions, whatever you want. Just buy your shitero coin that checks all the boxes you like and then watch the price go to zero against Bitcoin. Or you can research stock to flow, price shock, and mining difficulty adjustment to understand why this is already solved with Bitcoin.
Matthew Kratter’s Bitcoin University is a great resource.
I like the supply cap and am not in favor of a tail emission. I’m just worried hashrate will die off as mining becomes less profitable. Difficulty adjustment keeps block production stable, but does nothing to defend against attack if miners stop mining.
As nostr:npub1ej493cmun8y9h3082spg5uvt63jgtewneve526g7e2urca2afrxqm3ndrm points out, tail emission is not necessarily inflationary (https://petertodd.org/2022/surprisingly-tail-emission-is-not-inflationary).
On the other hand, I agree with you and the video you shared that changing bitcoin’s monetary policy destroys its value proposition. Hopefully Satoshi knew what he was doing.
The Bitcoin halving causes miners to use more sustainable energy sources due to reduced profitability from mining rewards. This shift can lead to a greener Bitcoin mining network as miners optimize for capital efficiency and lower energy costs. For example: geothermal energy from a Volcano in El Salvador or hydroelectric power from a waterfall in Iceland. Not to mention the hundreds of thousands of Bitaxers running 24/7 for all time hoping for even the smallest profits from mining pools. Maybe in the future some of the massive mining companies who haven’t switched to renewable energy may throw in the towel, but that just means more sats for the rest of us!