What you're saying is true I think, but that's all more of a side issue for people who argue against a hard cap on supply. The main reasons some are concerned is for the future security of the chain. When block rewards run out mining will depend solely on transaction fees (= very high fees). The security of the network could fall drastically because not enough users will be transacting on-chain (too expensive and because L2s will be better for that and way cheaper) to pay miners for it to be worth it. Someone still needs to pay miners to secure the chain. Layers are only as secure as their blockchain.
Discussion
Thanks!
This new coin linear emission feature could be implemented into the btc protocol in 50-100 years, when miners and people start to feel that this is increasingly becoming a threat.
Correct? And the problem would be solved
With the current mindset of the community that seems very unlikely, but anything is possible. It would break one of Bitcoins most important memes if it does (21 million)
🤣👍🏻 ok great point also for the meme’s… but this seems to be a topic for the far future in btc terms… until then that mantra might soften.
Appreciate it 🙏