According to #bitcoin maxis there is no middle ground between 5% annual monetary debasement MMT insanity

and

a fixed number of monetary units where the deflationary benefits of economic expansion is maximized for everyone, whether or not they participated in wealth creation.

hot take

both of these positions are stupid.

Reply to this note

Please Login to reply.

Discussion

it's not the mainstream view in bitcoin, but among the thought leaders, a few have questioned the "fixed supply" meme. what is your take on it?

its a design flaw thet threatens bitcoins success as freedom money

and what do you think about the halving?

there has to be some distribution mechanism that allows newcoiners to acquire Bitcoin

seems like suddenly halving the block reward probably isn't the best way to do that.

"But the distribution phase doesn’t end till ~2140"

Newcoiners can acquire sats by working for them. No need to increase the supply.

the question was about the halving

the halving gives early adopters a lopsided advantage

IMO the most valuable feature is the ability to opt-in and opt-out of some system.