nobody tell Slim about how gold failed as a SoV because of supply inflation 🙄

precious metals companies are literally stealing my time from me!

nostr:nevent1qqs9n4k6je5gusea08sl26dhedq0886gfemt6jzmhllgj4y0wmc8mjcpzamhxue69uhhyetvv9ujuurjd9kkzmpwdejhgtczyqt0rgqsp4x0l77vggcw3c8y9yxvtpyurtwxf4n98ldq0sp3kyr5kqcyqqqqqqglcrv5h

Reply to this note

Please Login to reply.

Discussion

What's the tail emission now, .6 per 2 min block?

Why not 0.61? What is the rationale if you don't mind me asking?

there are various theories about what the "sweet spot" might be.

as i understand

½ to ⅓ the yearly amount of gold supply inflation is Generally Regarded as Safe, while still replacing lost coins and discouraging hoarding.

Ah, that's very reasonable. The ocd in me is slightly bothered by the lost coins thing with BTC.

It bothers you, because you care

Who cares about lost coins? Infinitly divisible. If they're truly lost, yours just become worth more.

It's more ocd than anything, only care a little. And I don't think it's infinitely divisible without a hard fork, but I get your point

No. Bitcoin has always been infinitly divisible and is already divided into millisats for lightning network fees.

Nothing smaller than 1 sat on chain. Didn't know millisats was a thing yet, had heard it was possible once and that it may involve probabilistic ownership or something like that.

Making it show on chain would just be a soft fork.

Is that right? I'd always heard it was a hard fork, but didn't look into it too deeply. Thanks, I'll have to read up on that

Good did fail as a SoV... Also, something with fixed should will always store value better than something that has an ever increasing supply. That's pretty simple economics.

gold is still an SoV after 5000 years.

a fixed hard cap is just bad monetary policy.