If true the tech is failing. Why would we root for this if we want Bitcoin to succeed? We wouldn’t be winning.

Reply to this note

Please Login to reply.

Discussion

If you are satisfied with a niche coin in a meaningless parallel economy then fine, but that’s not what I’m here for.

Satoshi talked about this.

At the end of the day there are always denominations

Thanks for posting. I remember reading this. Obviously, that is a factual statement, but I still view coin loss as net negative for the network. I’m not hopeful for a phase in the immediate to mid-term future where newly lost keys outpace block rewards. When issuance is zero, lost keys will converge to zero, but will never be zero. There will be a day when it’s deflationary. I think it’s over 50years away and that’s all

I got left…

Fair point. I don’t have much of a opinion on it other than the market will sort itself out.

I see pros and cons both directions.

For now, let the convicted hands stack. 🤙🏻

All we can do.