Replying to Avatar τέχνη

I think your very first point is a non-sequitur.

> L1 is finite, which is the fundamental reason that it’s valuable.

The value fundamentally comes from the utility of the network, no? If the network is no longer useful, the bitcoins don’t keep their value inherently.

So prioritizing utility seems to be more important than prioritizing a hard supply cap.
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Melvin Carvalho 2y ago

On further thinking you do have a good point. You could have large blocks with a fee structure. But then all fees would be the minimum. So a finite block size is one of the things that gives bitcoin value because it allows you to prioritize transactions. I'll think about this more and how it could be rephrased.

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