Replying to Avatar FreeAsAbove

Whoah. I am finally seeing what you monero folks are seeing and it is the hill your are trying to die on...

1. Hard cap is the fucking stupidest idea as it has no bearing on purchasing power

2. What outshines a hard cap is "predictability of the rate and volume of the coin emission" and THAT is the ultimate factor in determining the purchasing power of a digital ledger, which then prompts good economics of supply and demand.

Okay. cool. very cool. so cool. so very cool. so cool. I wish I would have thought of this. this is so cool. very cool.

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Hanshan 1y ago

everything is tradeoffs.

a hard cap is a gamble that a fee market will develop based on transactions to pay for network security.

BTC has maybe 8 more years to get it together.

since most volume we've seen is speculative interest in jpegs, it's not particularly encouraging.

but hey, it could happen.

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